Wibmo: PayU's Wibmo building full-stack payment gateway solutions
PayU-owned Wibmo is emerging as a key offering for Naspers-backed PayU which is looking to venture deeper into business payments and enter newer markets.
Source: indiatimes.com
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Alphabet: Google parent announces first-ever dividend; beats on sales, profit; shares soar
Alphabet announced its first dividend and a $70 billion stock buyback, leading to a 16% stock surge. The company invests in data centers for AI competition, beating sales and profit expectations, while Meta Platforms also declared its first dividend.
Source: indiatimes.com
Tech Mahindra: Tech Mahindra Q4 net profit down 41% to Rs 661 crore; revenue tanks 6.2%
The profit stood at Rs 1,118 crore in last year's March quarter. Sequentially, profit grew 29.6% from Rs 510 crore in the December quarter because of a one-off gain.
Source: indiatimes.com
Tata Electronics: Tata Electronics building Hi-tech machines to make iPhone casing
Tata Electronics is internally developing "very sophisticated" and complex high-precision machines used to produce the casing of these iPhone, sources told ET.
Source: indiatimes.com
Intel forecast: Intel forecast misses estimates; shares tumble
Intel predicts lower Q2 revenue and profit, shares down 8%. Weak demand for data center, PC chips. Nvidia leads AI market. Gelsinger optimistic about Intel rebound.
Source: indiatimes.com