nanika Editor - The Purbottar

16 Jul

TCS, Google Cloud Partner to Accelerate AI Adoption Across Consumer Industries

nanika EditorBusiness

Tata Consultancy Services (TCS) has launched a Gemini Experience Centre (GEC) in Kolkata in collaboration with Google Cloud to showcase artificial intelligence-led innovations for consumer-focused businesses. The new facility is part of TCS’s global initiative to establish industry-focused AI innovation hubs. The Consumer Business Group (CBG) Gemini Experience Centre is the third such facility launched by TCS in India, following centres in Chennai and Bengaluru. The company plans to establish 10 Gemini Experience Centres worldwide by the end of 2026, including four in India. The Kolkata centre will enable enterprises in sectors such as retail, consumer packaged goods, and travel,…

15 Jul

TCS Launches AI Lab to Help Industries Scale Automation and Digital Innovation

nanika EditorBusiness

Tata Consultancy Services (TCS) has launched an Industrial AI Solutions Lab in Bengaluru in collaboration with Nvidia to help manufacturing and mobility companies develop, test and deploy artificial intelligence applications at scale. The new facility will enable enterprises to move beyond experimental AI projects and accelerate the transition towards production-ready solutions. The lab will support the design, testing and validation of Industrial AI applications by combining TCS’s industry expertise and technology capabilities with Nvidia’s advanced AI platforms. TCS said the facility will allow customers to rapidly prototype and simulate AI use cases across sectors such as manufacturing, mobility and industrial…

14 Jul

Private Lenders Lead Banking Rally as Investors Shift Focus from PSU Banks

nanika EditorBusiness

Private bank stocks have emerged as the top performers in the banking sector during FY27, significantly outperforming both public sector banks and the broader equity market. According to ACE Equity data, the Nifty Private Bank Index has gained nearly 17 per cent so far this fiscal, surpassing the Nifty 50’s rise of around 8.4 per cent, the Nifty PSU Bank Index’s 7.5 per cent gain, and the Nifty Bank Index’s 15.6 per cent increase. Market analysts attribute this strong performance to stable asset quality, improving business prospects, treasury gains, and supportive measures introduced by the Reserve Bank of India. These…

13 Jul

Oracle Financial Services Gains Strongly on Robust Earnings Outlook and Digital Shift

nanika EditorBusiness

Shares of Oracle Financial Services Software (OFSS) have witnessed a sharp rally, gaining 92 per cent from their 52-week low recorded in March 2026, driven by strong investor confidence in the company’s technology-led growth strategy and improving business outlook. The stock touched a fresh 52-week high of ₹11,945.65 on the BSE, marking its highest level since January 2025. Over the past three months, OFSS has significantly outperformed the broader market, rising nearly 65 per cent compared with a marginal gain in the BSE Sensex. The company, along with its subsidiaries, provides information technology solutions to the global financial services industry,…

09 Jul

Assam Tea Workers Demand Recognition of Bogidhola as Closed Estate

nanika EditorAssam

Workers of Bogidhola Tea Estate in Morangi staged a protest after the estate was omitted from the Assam Government’s official list of closed tea gardens, despite remaining shut since 2017. The omission came to light during the first day of the Assam Legislative Assembly’s summer session, when former Labour Minister Sanjay Kishan sought details of closed tea gardens in the state. In response, Labour Minister Rameswar Teli presented a list that did not include Bogidhola Tea Estate, sparking anger among workers and local organisations. The demonstration was organised by the Khumtai branch and Morangi sub-branch of the Assam Tea Tribes…

08 Jul

Flipkart Strengthens Fashion Marketplace with Seller-First Initiative

nanika EditorBusiness

Flipkart has announced a major expansion of its seller-first strategy by removing commission on all fashion products sold through its marketplace, regardless of their price. The Walmart-owned e-commerce company said the move will benefit nearly 90,000 active fashion sellers, including micro, small and medium enterprises (MSMEs), direct-to-consumer (D2C) brands and homegrown fashion labels. Previously, the zero-commission policy applied only to eligible fashion products priced below ₹1,000. With the latest decision, sellers can now list fashion products across all price segments without paying any commission, allowing them to retain a larger share of their earnings. Flipkart said the initiative is designed…

07 Jul

Samsung Post Record Q2 Profits to Meet “Tough Crowd” of Sellers

nanika EditorTechnology

Samsung has reported record-breaking preliminary earnings for the second quarter of 2026, though the blockbuster numbers were met with a wave of selling on the stock market. The tech giant posted a massive operating profit of 89.4 trillion won (approximately $58.5 billion) for the three months ending in June. This surpassed Wall Street expectations of 87 trillion won and represents a staggering leap from the 4.68 trillion won recorded in the same period last year. Revenue also more than doubled year-over-year, hitting 171 trillion won. Remarkably, Samsung’s earnings for the first half of 2026 have already eclipsed its total profits…

06 Jul

RBI Forex Measures Prompt Banks to Cut Certificate of Deposit Issuance

nanika EditorBanking

Indian banks have begun reducing their reliance on short-term debt instruments as the Reserve Bank of India’s recent measures to attract foreign-currency deposits provide a cheaper and more stable source of funding. According to data from The Clearing Corporation of India Ltd, lenders did not issue any certificates of deposit (CDs) maturing within one year in the three trading sessions ending July 2. This follows a broader slowdown in issuance, with banks raising ₹70,800 crore between June 16 and June 29, compared with about ₹1 trillion in the first half of the month. Market participants expect the trend to continue…

04 Jul

Adani Enterprises Boosts Share Sale Amid Global Investment Surge

nanika EditorBusiness

Gautam Adani has significantly expanded his group’s capital-raising efforts, upsizing a qualified institutional placement (QIP) as part of a broader $15-billion investment push across ports, mining, and flagship businesses. The latest moves signal renewed momentum for the conglomerate after it moved past its recent US regulatory and legal challenges. Adani Enterprises, the group’s flagship company, increased its share sale by 50 percent to ₹15,000 crore from the originally planned ₹10,000 crore. The offering drew strong investor interest, attracting bids worth approximately ₹38,000 crore—nearly 3.8 times the issue size. Major global investors, including The Capital Group, Goldman Sachs Group, Vanguard Group,…

03 Jul

Siliguri District Hospital Enhances Diagnostic Facilities with Portable Ultrasound

nanika EditorSiliguri

Siliguri District Hospital has strengthened its emergency and critical care services with the introduction of a portable ultrasonography (USG) machine, significantly improving diagnostic facilities for patients. The hospital, the second-largest government healthcare institution in Darjeeling district after North Bengal Medical College and Hospital, has also recently added a portable X-ray machine to enhance patient care. The portable USG machine became operational on Wednesday and has been placed near the labour room to provide immediate ultrasound examinations during obstetric emergencies. Hospital authorities said the new facility will enable doctors to assess the condition of both the mother and the unborn child…