IBM shares tank 26% after initial results disappoint

Shares of software and IT services companies plunged Tuesday after International Business Machines (IBM) reported preliminary results that missed analyst expectations, reigniting questions about the sector.IBM shares plummeted as much as 26%, on track for their biggest one-day drop since at least 1968. The company reported that it missed expectations because customers shifted capital spending…

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Russia Sanctions Bill: US eases Russia sanctions bill, cuts tariff threat on India and China from 500% to 100%

US senators on Tuesday unveiled a revised version of a Russia sanctions bill that seeks to pressure Moscow and its major energy buyers, including India and China, while easing some of the toughest provisions from the original proposal.The bipartisan legislation, originally championed by the late Republican Senator Lindsey Graham, aims to impose sanctions on Russian…

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Trump admin’s Section 301 probe: Why India’s ban on import of goods produced through use of forced labour is important

India: The import of goods produced or manufactured, wholly or in part, through the use of forced labour is prohibited. (AI image) Amid Donald Trump administration’s Section 301 probe, the government has revised the Foreign Trade Policy (FTP) to prohibit the import of goods that are produced wholly or partly through forced labour.The move comes…

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Export boost, cheaper cars & whisky: India-UK trade deal comes into effect from July 15 – How India & Indians will benefit

Considered one of India’s most significant trade agreements in recent years, CETA will provide duty-free market access for almost 99% of Indian exports. (AI image) India-UK FTA: The India-UK Comprehensive Economic and Trade Agreement or CETA comes into effect from July 15, 2026. The landmark trade deal is set to deliver several benefits to Indian…

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Hcltech Ai Investment: HCLTech to up AI game, invest 3,500 crore in data centres of up to 50 MW

BENGALURU: HCLTech on Monday announced plans to invest up to Rs 3,500 crore to establish AI data centres, with the potential to scale to 50 MW of capacity, targeting rising demand from enterprises and govts for sovereign AI infrastructure.“AI has fundamentally changed the economics of computing. For us, the data centre is the foundation for…

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