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Davos 2026 | Wipro's AI-led turnaround faces bumps despite strong deal wins—Rishad Premji explains why
Rishad Premji says order bookings and large deals offer comfort, but client ramp-up delays and cost pressures continue to weigh on near-term growth.
Zomato parent Eternal's net profit jumps 73% to Rs 102 crore in Q3 FY26; revenue rises 202%
Eternal Limited, formerly known as Zomato, reported strong growth in revenue and profit for the third quarter of FY26. The performance was mainly driven by the rapid expansion of its inventory-led quick commerce business Blinkit and a change in revenue recognition after moving to an inventory ownership model. The Gurugram-based foodtech and quick commerce company reported a consolidated net profit of Rs 102 crore for Q3 FY26, compared with Rs 59 crore in the same quarter last year. This represents a year-on-year increase of about 73%. Revenue from operations rose sharply to Rs 16,315 crore in Q3 FY26 from Rs 5,405 crore in Q3 FY25, an increase of around 202% year-on-year. On a quarter-on-quarter basis, revenue increased 20% from Rs 13,590 crore in Q2 FY26. The company said the sharp rise in reported revenue was largely due to its shift to inventory ownership in quick commerce. Under this model, revenue now includes the full value of goods sold instead of only marketplace commissions...
Wall Street seeks to shape Trump affordability ideas, sources say
Major Wall Street banks are pushing back on some of President Donald Trump's ideas for lowering the U.S. cost of living ahead of mid-term elections, while suggesting others in an effort to shape policy, sources familiar with the discussions said.
Nvidia boss sees 'trillions' in AI spending ahead
The infrastructure to develop and power generative artificial intelligence models will require further "trillions" of dollars in investment, the head of top AI chipmaker Nvidia said Wednesday.
Netflix shares fall 4% as co-CEOs go on defensive over $83 billion Warner Bros deal
Netflix's co-CEOs found themselves in an unusual position after the company's latest earnings report: on the backfoot. The streaming pioneer's decision to plunk down nearly $83 billion on Warner Bros' assets marks a significant departure from the company's long-standing mantra: build, don't buy.
JPMorgan's Dimon warns of 'economic disaster' as Trump backs credit card rate cap
JPMorgan Chase CEO Jamie Dimon warned on Wednesday that a proposal to cap credit card interest rates would amount to economic disaster, while U.S. President Donald Trump doubled down on the idea and said he was asking Congress to approve the move.
Davos 2026: Bain & Company's Manny Maceda says CEOs must rethink playbooks for a fragmented world order
Manny Maceda of Bain & Company says CEOs must adapt to fragmented global markets, AI-driven transformation, and India’s rise as a key growth hub for technology, consumer, and financial sectors.
Nearly 3,800 acres land deals in 2025 for housing, commercial, data centre projects: Anarock
Real estate consultant Anarock on Wednesday said that at least 126 land deals totalling 3,772 acres were closed last year for the development of housing, commercial, mixed-use, warehousing and data centre projects.
US construction spending rebounds in October amid renovations
U.S. construction spending increased more than expected in October, likely reflecting home renovations, with activity elsewhere weak.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets stayed volatile as global risks, weak banking and IT earnings, and a falling rupee hurt sentiment. Late value buying trimmed losses, while analysts warned volatility may persist, with selective accumulation opportunities emerging amid resilient domestic demand ahead soon.
Davos 2026: Honeywell doubles down on automation, data and physical AI, says CEO
Honeywell is reshaping its strategy around automation, data and physical AI, with CEO Vimal Kapur highlighting productivity gains, cautious capital allocation and limited tariff impact at Davos 2026.
RBL Bank bulk deal: BNP Paribas sells 60 lakh shares worth Rs 178 crore; BofA picks up stake
BNP Paribas sold 60 lakh RBL Bank shares via a bulk deal, reducing its stake, while BofA Securities bought in. The transaction came amid recent stock weakness, despite strong one-year returns, improved asset quality, and robust profit growth.
MMT Q3 net profit at $7.3 million, operating revenue at $295.7 million
MakeMyTrip’s Q3 net profit fell 73% to $7.3 million as finance costs surged after its capital raise, even as revenues, operating profit and hotel bookings grew, aided by portfolio diversification and AI-led efficiency initiatives despite slower domestic air travel growth.
5 key takeaways from Eternal’s Q3 results: Hyperpure’s profit, District’s gamble, and Bistro play
Eternal's new era under Albinder Dhindsa comes as the group trades short-term margins in District for a long-term moat in supply chain and dining tech. From Hyperpure and Blinkit's profitability to Deepinder Goyal resigning, here are the key takeaways.
Are Yahoo Mail and Aol down? Thousands of users report issues in the US
On Tuesday, Downdetector reported widespread access problems for Yahoo Mail and AOL users across the United States.
PNB Housing Finance Q3 Results: Net profit up 11% on strong retail disbursements, stable asset quality
PNB Housing Finance reported a 10.6% year-on-year increase in Q3 net profit to ₹521 crore, supported by a 12.8% rise in net interest income to ₹757 crore. Growth was driven by steady expansion in the retail loan book, which rose 16% year-on-year to ₹81,931 crore and now accounts for nearly the entire loan portfolio, while the corporate book continued to shrink sharply.
Waaree Energies Q3: Net profit, revenue, margins post healthy sequential growth
Waaree Energies Q3 net profit rose 26% to ₹1,062 crore, revenue up 24.7% over the previous quarter. Shares of Waaree Energies ended lower on Wednesday, January 21, by 2.82% at 2,435.70.
Market Trading Guide: Buy Dalmia Bharat and CreditAccess Grameen on Thursday for up to 7% upside
Nifty extended its decline for a third session, slipping below the 200-DMA intraday amid selling in financials and consumer stocks. Analysts warn of near-term volatility, highlighting key support and resistance levels and recommending Dalmia Bharat and CreditAccess Grameen.
Dr Reddy’s net profit beats estimates despite 14% dip, set for India semaglutide launch
The firm’s revenue grew nearly 4.4% year-on-year but declined marginally sequentially by 0.9%, while its profit after tax was down 14% year-on-year and 16% quarter-on-quarter, as product-specific headwinds persisted.
WEF Davos: Karnataka holds talks with Bharti, PayPal, Mistral AI on expansion
From data centres to AI hubs, Karnataka pitched investment opportunities to international firms at WEF Davos. Deputy CM Shivakumar positioned Bengaluru as the "city of the future."
Dalmia Bharat Q3 profit declines 46% as cement prices fall in east, south
Weak demand, price corrections after GST rationalization and rising costs weighed on earnings, even as the company flagged early signs of price recovery from January.
Sebi's rap on the knuckles: Investment adviser pulled up for routing client money through employee account
SEBI reprimanded Ankur Jain of Winway Research for multiple regulatory breaches, including routing client funds through employee accounts, charging overlapping fees, failing to maintain call records, and not resolving SCORES complaints, rejecting his defense explanations.
KEI Industries Q3: Profit jumps 43%, margins expand; interim dividend declared
KEI Industries posted 42.5% profit growth at ₹234.8 crore in Q3FY26, driven by its core cables and wires segment. Board declared ₹4.50 interim dividend and approved delisting from Calcutta Stock Exchange.
State Bank of India Q3 results to be declared on February 7
State Bank of India will announce Q3FY26 results on February 7, 2026, in Mumbai, with an analyst meet at State Bank Bhavan Auditorium. Trading window reopens 48 hours after results.