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☆ What does Goldman Sachs want in a coder? For them to have studied philosophy
▼ + stars: | 2024-04-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Read previewArtificial intelligence is redefining what it takes to be a software engineer on Wall Street. A typical software developer holds a computer science degree. Goldman Sachs' chief information officer, Marco Argenti, recently encouraged his daughter, a college student, to concentrate her education on philosophy if she wants to pursue a career in engineering. AdvertisementZafar said he's paying more attention to people with "a computer science degree and an English minor," or "a psychology major and a computer science minor." Advertisement"That software engineer might get replaced by a sort of prompt engineer," Vyas said.

Persons: —, Goldman Sachs, Marco Argenti, Argenti, he's, it's, Citi's, Shadman Zafar, Zafar, Jensen Huang, Ken Griffin, Deepali Vyas, Korn, Vyas Organizations: Service, Wall, Business, Harvard, Amazon Web Services, Nvidia, World, Citadel Locations: Dubai

☆ Blackstone hires Walmart AI whiz to supercharge its portfolio companies
▼ + stars: | 2024-04-15 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Private equity is ramping up its AI hiring efforts, with Blackstone snagging a key executive to oversee how AI will be applied at its some 230 portfolio companies. Mehrotra will lead Applied AI within Blackstone's data science team, Matthew Katz, Blackstone's global head of data science, told Business Insider in a written statement. Mehrotra comes to Wall Street from Walmart, where he led applied AI efforts at the retailer and managed a team of more than 400 data scientists. Related storyWhile at Walmart, Mehrotra was the vice president of applied AI, leading a team responsible for how AI was mixed into merchandising, including assortment, pricing, and inventory management. AdvertisementLike its peers, Blackstone is eager to take advantage of AI, which stands to shake up businesses across virtually all industries.

Persons: Blackstone, Prakhar Mehrotra, Mehrotra, Matthew Katz, Blackstone's, Franz Edelman, Katz, Deepali Vyas, Zac Maufe, Manoj Mahenthiran, Thomas H, Lee Organizations: Service, Walmart, Twitter, CalTech, Blackstone, Blackstone . Data Locations: Boston, Blackstone

☆ Private equity firms are 'clamoring' to hire AI executives with some offering pay packages of up to $2 million
▼ + stars: | 2024-04-11 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

PE firms are eager to hire leaders with AI and machine-learning experience. She is now engaged in more than 10 more assignments for similar hires among middle-market and large PE firms. PE firms have more recently started to embrace cloud and AI technology and see it as a business differentiator. Unlike other Wall Street firms that invest billions in their own tech stacks, PE firms are upgrading their portfolio companies' technology. It's not just at the leadership level where PE firms are looking for this kind of talent.

Persons: Deepali Vyas, Vyas, It's, Thomas H Organizations: Service, Business, Blackstone, JPMorgan, Artificial Intelligence Management, Lee Partners Locations: Boston, Swedish

☆ AI fever is triggering a new hunt for tech talent on Wall Street. 5 recruiters outline in-demand tech roles that can pay from $250,000 to $2 million.
▼ + stars: | 2024-04-09 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street firms are switching into hiring gear. Banks, hedge funds, and private equity firms are back on the hunt for tech talent, several recruiters told Business Insider. Across the Street, finance firms are witnessing the AI transformation being led by tech giants like OpenAI and Nvidia. Hodzic added that, on average, the technology business at Selby Jennings is registering 25% more job orders a week compared to this time last year.

Persons: —, Giancarlo Hirsch, Deepali Vyas, she's, Vyas, Ben Hodzic, Selby Jennings, Hodzic, Glocomms, Hirsch, whittle, Banks, Andy Legg, Dennis Baden, Baden, Korn Ferry's Vyas Organizations: Service, Finance, Business, Blackstone, JPMorgan, Vyas, Nvidia, They're, Wall, Riviera Partners, Google, Banks Locations: Selby

☆ Daily Multivitamin Might Help Aging Brains
▼ + stars: | 2024-01-18 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +5 min

By Dennis Thompson HealthDay Reporter(HealthDay)THURSDAY, Jan. 18, 2024 (HealthDay News) -- A daily multivitamin could help people keep their brains healthy as they age, a new trial finds. Results suggest taking multivitamins could help prevent memory loss and slow cognitive aging among older adults, researchers report in the Jan. 18 issue of the American Journal of Clinical Nutrition. The effect was measurable: A daily multivitamin slowed brain aging by the equivalent of two years compared to placebo. “Cognitive decline is among the top health concerns for most older adults, and a daily supplement of multivitamins has the potential as an appealing and accessible approach to slow cognitive aging,” he said. It looked at whether a special cocoa extract supplement, a daily multivitamin (in this case Centrum Silver) or both might help boost health.

Persons: Dennis Thompson, Dr, Richard Caselli, “, Chirag, ”, ” Yvas, Olivia Okereke, Preventive Medicine Howard Sesso, Zaldy Tan, ” Tan, Caselli, Sesso, Brigham Organizations: American, Clinical Nutrition, Mayo Clinic, NBC News, Chirag Vyas, Massachusetts General Hospital’s Department of Psychiatry, Cocoa, Massachusetts General Hospital, MGH, Brigham, Women’s Hospital, Columbia University, Wake Forest University, National Institutes of Health, Mars Inc, Pfizer, COSMOS, Women’s, Preventive Medicine, Council for Responsible Nutrition, Cleveland Clinic, NBC Locations: Arizona, Massachusetts, multivitamins, Jona, Los Angeles

☆ Venezuela Ramps Up Threat to Annex Part of Guyana
▼ + stars: | 2023-12-05 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

People in Caracas, Venezuela, waited to vote in a referendum on Essequibo, a disputed territory with neighboring Guyana, on Sunday. Photo: miguel gutierrez/ShutterstockTUSCHEN, Guyana—Venezuela is ratcheting up its claims to a swath of Guyana, its oil-rich neighbor, which has recently become one of the world’s hottest energy frontiers. The growing dispute between Venezuela’s authoritarian regime and Guyana involves a vast area facing Tuschen village called Essequibo, and comes as an Exxon Mobil -led consortium has made a series of offshore oil discoveries and Guyana pushes for more hydrocarbons exploration in areas that Venezuela claims as its own.

Persons: miguel gutierrez, Shutterstock TUSCHEN Organizations: Exxon Mobil Locations: Caracas, Venezuela, Essequibo, Guyana, Guyana — Venezuela

[1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. But he acknowledged service capacity issues and said Ola was "aggressively" bolstering its service network by adding 100 new centres and hiring more technicians. 'TESLA FOR WEST, OLA FOR REST'Aggarwal often declares, "Tesla is for the West, Ola for the rest", and he's a man in a hurry. "Electric vehicles are new to people so they aren't aware of how to ride the vehicle to maximise optimal output," he said.

Persons: Francis Mascarenhas, it's, Elon Musk, Aggarwal's Ola, Tesla, Ola, Devendra Ghuge, Aggarwal, Ola EVs, Ravi Bhatia, Bhatia, Japan's SoftBank, Ronald Radhakrishnan, Koradia, Riddhima Talwani, Aditi Shah, Rishika Sadam, Sriram, Arpan Chaturvedi, Anushree, Pandya, Francis Mascerehnas, Varun Vyas, Munsif, Jatindra, Saurabh Sharma, Sumit Khanna, Jose Devasia, Aditya Kalra Organizations: Ola Electric Service Centre, REUTERS, Staff, Reuters, JATO Dynamics, WEST, OLA, West, Singapore's Temasek, Industry, Hero Electric, TVS, EV, Ola, Fayaz Bukhari, Thomson Locations: Thane, Mumbai, India, THANE, HYDERABAD, DELHI, MUMBAI, Chennai, Bengaluru, India's, U.S, China, Kochi, New Delhi, Bhubaneswar, Lucknow, Ahmedabad, Jose, Srinagar

☆ Indian foodtechs Zomato, Swiggy get notice for $90 mln in unpaid taxes -CNBC TV18
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsBENGALURU, Nov 22 (Reuters) - India's top organization for indirect taxes has issued notices on unpaid taxes worth about 7.5 billion rupees ($90 million) to food delivery companies Zomato (ZOMT.NS) and Swiggy, CNBC-TV18 reported on Wednesday, citing sources. The Directorate General of GST Intelligence (DGGI) has sent a tax demand of more than 4 billion rupees to Zomato and of around 3.5 billion rupees to Swiggy, the report said. Zomato declined to comment, while Swiggy and the DGGI did not immediately respond to Reuters' requests for comment. ($1 = 83.2440 Indian rupees)Reporting by Varun Vyas in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Zomato, Varun Vyas, Savio D'Souza Organizations: REUTERS, Rights, CNBC, TV18, GST Intelligence, Thomson Locations: Bengaluru

☆ India's TCS to take $125 mln hit to Q3 earnings over US lawsuit
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: 1 min

Figurines with computers and smartphones are seen in front of Tata Consultanct Services logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBENGALURU, Nov 21 (Reuters) - India's Tata Consultancy Services (TCS.NS) on Tuesday said it will make a provision of $125 million in its third-quarter results in relation to a 2014 trade secret lawsuit filed against the company by U.S.-based EPIC Systems. (This story has been corrected to say that the lawsuit was filed in 2014, not 2016, in paragraph 1)Reporting by Varun Vyas in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Varun Vyas, Varun Organizations: Tata Consultanct Services, REUTERS, Rights, India's Tata Consultancy Services, U.S, EPIC Systems, Thomson Locations: Bengaluru

☆ Argentina Votes for New President to Confront Economic Crisis
▼ + stars: | 2023-11-19 | by ( Kejal Vyas | Silvina Frydlewsky | ) www.wsj.com time to read: 1 min

People in Buenos Aires waiting Sunday to cast their vote. Photo: Cristina Sille/ReutersBUENOS AIRES—Argentines began to cast their ballots Sunday in a hotly contested presidential election between two candidates with starkly different views on how to pull the troubled country out of a punishing economic recession marked by a collapsing currency, growing poverty and one of the world’s highest rates of inflation. Polls had indicated a tossup between Economy Minister Sergio Massa and libertarian TV pundit Javier Milei. Massa, a 51-year-old lawyer who has directed the economy as inflation rose to 143%, has sought to distance himself from the unpopular ruling Peronist government, promising to deliver a “moderate and centrist” administration.

Persons: Cristina Sille, Sergio Massa, Javier Milei Organizations: Reuters, Reuters BUENOS AIRES — Locations: Buenos Aires, Reuters BUENOS AIRES, Peronist

☆ Javier Milei, a Self-Described Anarcho-Capitalist, Is Elected President of Argentina
▼ + stars: | 2023-11-19 | by ( Kejal Vyas | Silvina Frydlewsky | ) www.wsj.com time to read: 1 min

Javier Milei at a polling station in Buenos Aires on Sunday. Photo: Anita Pouchard Serra/Bloomberg NewsBUENOS AIRES—Javier Milei, a libertarian political outsider who pledged to flatten Argentina’s political establishment, was elected president Sunday in a major shift for a country buffeted by one of the world’s highest rates of inflation and mounting poverty after years of populist rule. Milei, a 53-year-old congressman, took 56% of the vote to 44% for Economy Minister Sergio Massa with 88% of the ballots counted, the National Electoral Directorate said.

Persons: Javier Milei, Anita Pouchard Serra, Sergio Massa Organizations: Sunday, Bloomberg News BUENOS AIRES, Economy, Electoral Locations: Buenos Aires

☆ Qatar Pursues Oil Deal After Brokering End to Venezuela Sanctions
▼ + stars: | 2023-11-08 | by ( Patricia Garip | Kejal Vyas | ) www.wsj.com time to read: 1 min

Qatar’s growing role as an international conflict mediator is opening commercial opportunities for the gas-rich Arab Gulf state. Photo: Christopher Pike/Bloomberg NewsFor more than a year, Qatar quietly hosted talks between senior U.S. and Venezuelan officials that led to a breakthrough last month when Washington lifted sanctions on Venezuela’s crippled energy industry. Now the tiny Arab state, and a Qatari conglomerate, are trying to cash in.

Persons: Christopher Pike Organizations: Bloomberg, U.S Locations: Qatar, Washington, Qatari

REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsBENGALURU, Nov 7 (Reuters) - Wipro (WIPR.NS), India's fourth-largest IT services provider, is mandating that all its employees globally work from office at least thrice a week from this month, according to a company-wide email seen by Reuters on Tuesday. 2 software services exporter, asked some employees to return to office 10 days a month, while industry leader TCS (TCS.NS) has asked employees to return to the office for five days a week. Wipro has been encouraging employees to work from office thrice a week since May and about 55% of the workforce are currently working from office at that frequency, a company spokesperson said. Wipro had 244,707 employees as of Sept. 30. Starting Jan. 7 next year, consistent defaulters may face consequences, according to the email dated Nov. 6.

Persons: Dado, Sai Ishwarbharath, Varun, Savio D'Souza Organizations: Wipro, REUTERS, Rights, Reuters, Companies, Infosys, TCS, Varun Vyas, Thomson Locations: Bengaluru

☆ Venezuelan Court Suspends Results of Opposition Primary
▼ + stars: | 2023-10-30 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

Maria Corina Machado at news conference in Caracas, Venezuela, last month. Photo: Carlos Becerra/Bloomberg NewsVenezuela’s highest court suspended the outcome of a primary that the opposition held to choose a presidential candidate, casting doubts over a deal that President Nicolás Maduro had reached with the Biden administration to pave the way for free and fair elections. The Supreme Court’s decision on Monday came after a series of public comments by Maduro and other high-ranking regime officials in recent days deeming the opposition’s Oct. 22 primary a fraud, though no evidence for the assertion was offered.

Persons: Maria Corina Machado, Carlos Becerra, Nicolás Maduro, Biden, Maduro Organizations: Bloomberg Locations: Caracas, Venezuela

☆ India's Axis Bank Q2 profit beats view on robust loan growth
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 25 (Reuters) - India's Axis Bank (AXBK.NS) reported a bigger-than-expected rise in second-quarter profit on Wednesday, helped by strong growth in loans. Loan demand stayed strong as an uptick in consumer spending helped drive retail credit. The bank is seeing strong demand for loans from corporate clients, including for capital spending, it said. Net interest income - the difference between interest earned and interest expended - rose 19% year-over-year to 123.15 billion rupees. The country's top lender HDFC Bank (HDBK.NS) reported a drop in margins earlier this month, while IndusInd Bank (INBK.NS), ICICI Bank (ICBK.NS), and Kotak Mahindra Bank (KTKM.NS) reported second-quarter profit gains.

Persons: Amitabh Chaudhry, Chaudhry, Varun, Mrigank Organizations: Bank, HDFC Bank, IndusInd Bank, ICICI Bank, Kotak Mahindra Bank, Sethuraman, Varun Vyas, Thomson Locations: BENGALURU, Mumbai, Bengaluru

☆ Venezuelans in Primary Cast Ballots for Candidate to Challenge Maduro Regime
▼ + stars: | 2023-10-23 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

A voter cast his ballot at a polling station in Caracas, Venezuela, on Sunday. Photo: Associated PressBOGOTÁ, Colombia—In polling stations from Venezuela to the U.S. to Europe, Venezuela’s opposition put on a primary election Sunday in which a conservative, pro-business engineer was expected to be chosen as the candidate to challenge authoritarian President Nicolás Maduro’s regime in next year’s presidential election. Maria Corina Machado held a commanding lead in polls, and her victory was foretold in a field of 10 candidates. But as of early Sunday night, it remained unclear if she would be permitted to run in the general election because Maduro’s government has barred her, as it has other prominent dissident politicians, from holding office.

Persons: Nicolás Maduro’s, Maria Corina Machado Locations: Caracas, Venezuela, Colombia, Europe

☆ Disney nears deal to sell $10-bln valued India business to Reliance -Bloomberg News
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

However, Disney may now sell a controlling stake in the business to Reliance, the Mukesh Ambani-controlled conglomerate whose streaming platform's success has weighed on the U.S. company's Indian business, Bloomberg reported. Reliance, whose broadcast venture Viacom18 runs JioCinema, values Disney's India assets, which comprises the Disney+ Hotstar streaming service and Star India, at between $7 billion and $8 billion, the report said. The enterprise value of the India business, Disney's biggest last year globally by users, was seen at around $15 billion to 16 billion when Disney took over Fox's business. The deal could be announced as early as next month, although no final decision has been made and Disney could still decide to hold onto the assets, Bloomberg reported. JioCinema has put increased pressure on Disney India and other streaming platforms, with Ambani marketing the platform by offering free access to the Indian Premier League cricket tournament, digital rights of which were earlier with Disney.

Persons: Dado Ruvic, Gautam Adani, Kalanithi Maran, Mukesh Ambani, JioCinema, Ambani, OTT, Karan Taurani, Taurani, Varun Vyas, Rama Venkat, Savio D'Souza Organizations: Disney, REUTERS, Rights, Reliance Industries, Bloomberg, Reuters, Sun TV Network, Blackstone, Reliance, Star India, Disney's, Disney India, Indian Premier League cricket, Elara Securities, Thomson Locations: India, Bengaluru

☆ Thawing U.S.-Venezuela Relations Raise Hope for Prisoner Releases
▼ + stars: | 2023-10-22 | by ( Ryan Dubé | Kejal Vyas | ) www.wsj.com time to read: 1 min

Pedro Martínez gets on his knees and prays for the release of his son. Photo: Rod Lamkey/Zuma PressThirteen months ago, on the day she celebrated her retirement, Elaine Cristella received a text message with a mug shot of her son and the news that the former Florida resident had been jailed in Venezuela. Security forces arrested her son, Joseph Cristella, in September last year at a bus stop shortly after he had crossed into Venezuela from Colombia to visit his fiancée, a Venezuelan. The charge: conspiracy against the Venezuelan state, his mother said.

Persons: Pedro Martínez, Rod Lamkey, Elaine Cristella, Joseph Cristella Organizations: Zuma, Security, Venezuelan Locations: Florida, Venezuela, Colombia, Venezuelan

☆ U.S. Lifts Broad Sanctions Against Venezuela for Six Months
▼ + stars: | 2023-10-19 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

The U.S. lifted sanctions against Venezuela’s oil and gas sectors for six months on Wednesday. Photo: Betty Laura Zapata/Bloomberg NewsThe Biden administration late Wednesday announced the removal of a broad array of sanctions against Venezuela’s oil and gas sector in response to a deal between President Nicolás Maduro ’s authoritarian government and his political opponents that could lead to a presidential election next year. The U.S. Treasury Department suspended for six months measures against Venezuela that had prohibited financial transactions in the country’s energy sector and gold mining industry. The measure also ended a ban on trading Venezuelan government bonds.

Persons: Betty Laura Zapata, Nicolás Maduro Organizations: U.S, Bloomberg, Biden, Wednesday, U.S . Treasury Locations: U.S, Venezuela

☆ India's ITC misses profit estimates as competition, costs rise
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Vivek Prakash/File Photo Acquire Licensing RightsBENGALURU/CHENNAI, Oct 19 (Reuters) - India's ITC (ITC.NS) reported a smaller-than-expected rise in its second-quarter profit on Thursday, as the consumer goods major grappled with stiff competition from smaller rivals and higher prices of some commodities. Dove-soapmaker Hindustan Unilever said earlier in the day it lost some market share in its mass segment - comprising lower-priced products - due to competition. The tobacco-to-hotels conglomerate's profit still rose 10% to 49.27 billion rupees ($592.81 million), but missed analysts' average estimate of 49.54 billion rupees, according to data from LSEG. Revenue from operations rose 3% to 177.05 billion rupees, helped by a 10% surge in its cigarettes business. Other consumer goods majors Nestle India (NEST.NS) and Hindustan Unilever eased past quarterly earnings estimates earlier on Thursday, as city dwellers spent more on affordable pick-me-ups like cookies and coffee.

Persons: Vivek Prakash, Shirish Pardeshi, Navamya Ganesh Acharya, Varun, Anil D'Silva Organizations: ITC, REUTERS, Hindustan Unilever, Centrum Broking, Nestle India, Varun Vyas, Thomson Locations: Mumbai, BENGALURU, CHENNAI, LSEG ., Bengaluru, Praveen, Chennai

☆ India's Wipro shares slide premarket on weak Q3 IT services forecast
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: 1 min

Wipro Ltd logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsBENGALURU, Oct 19 (Reuters) - Shares of India's fourth-largest IT services provider Wipro (WIPR.NS) fell 3.8% in premarket trading on Thursday after the company forecast a drop in third-quarter IT services revenue. The Bengaluru, Karnataka-based company also posted a surprise dip in its second-quarter revenue to 225.16 billion rupees ($2.70 billion) from a year earlier. ($1 = 83.2500 Indian rupees)Reporting by Varun Vyas in Bengaluru; Editing by Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Varun Vyas, Mrigank Organizations: Wipro, REUTERS, Rights, Thomson Locations: Bengaluru, Karnataka

Reuters fact-checking unit has identified numerous cases of social media posts using fake images and information about the Israel-Hamas conflict, and others in which confusion rather than deliberate disinformation appears to have heightened tensions. loading* A video of Russian President Vladimir Putin speaking about Ukraine last year was shared this month with fabricated subtitles warning the U.S. not to interfere in the Israel-Hamas conflict. The sheriff’s office said they were "targeted by the suspect due to them being Muslim and the on-going Middle Eastern conflict involving Hamas and the Israelis". Marc Owen Jones, a disinformation expert and professor at Hamad bin Khalifa University in Qatar, said there was often a rise in disinformation during conflicts. Clearly they seem directed at different audiences, but the combined effect is to muddy the waters about the truth in the conflict," he said.

Persons: Khan Younis, Abu Mustafa, Joe Biden, we’ve, Biden, Farida Khan, Al Jazeera, Jazeera, Vladimir Putin, Pink, Gerald Darmanin, Thierry Breton, Rafi Mendelsohn, Abu Obaidah, Tayyip Erdogan, Marc Owen Jones, Hamad, Stephanie Burnett, Stephen Farrell, Hardik, Abdel Fattah Sherif, Neha Mustafi, Jonathan B Mathew, Nidal, James Mackenzie, Andrew Mills, William Maclean, Angus MacSwan Organizations: REUTERS, Al, Hamas, Reuters, Louvre, Facebook, Meta, YouTube, Israel’s Office, State Attorney, Twitter, Palestine, Hamad bin Khalifa University, Hardik Vyas, Thomson Locations: Gaza, AMSTERDAM, LONDON, Israel, ., Al Jazeera, Ukraine, Guatemala, Israeli, New Zealand, kibbutzes, France, In Illinois, London, Middle, Tehran, Turkey, Qatar, Amsterdam, Bangalore, Jerusalem, Doha

☆ India's Wipro reports surprise Q2 revenue drop
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsBENGALURU, Oct 18 (Reuters) - India's fourth-largest IT services provider Wipro (WIPR.NS) reported a surprise drop in second-quarter revenue as clients curtailed spending amid global economic uncertainty and inflationary pressures. The Bengaluru-based company's consolidated revenue from operations declined 0.1% to 225.16 billion rupees ($2.70 billion) for the three months to Sept. 30, from a year earlier, against estimates of a rise to 228.10 billion rupees, according to LSEG data. Last week, industry leader TCS (TCS.NS) blamed an uncertain macro environment for its revenue miss, while India's No. Consolidated net profit at the company fell to 26.46 billion rupees in the quarter, from 26.59 billion rupees a year ago. Analysts had expected a profit of 31.02 billion rupees, as per LSEG data.

Persons: Dado Ruvic, Varun Vyas, Indranil Sarkar, Sonia Cheema Organizations: Wipro, REUTERS, Rights, TCS, Infosys, Consolidated, Thomson Locations: Bengaluru, Indian

☆ Deal Paving Way for Fair Elections in Venezuela Might Ease U.S. Oil Sanctions
▼ + stars: | 2023-10-17 | by ( Kejal Vyas | Patricia Garip | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/deal-paving-way-for-fair-elections-in-venezuela-might-ease-u-s-oil-sanctions-332926bf

Persons: Dow Jones Locations: venezuela

☆ Barred From Office by Maduro, This Venezuelan Politician Thinks She Can Still Beat Him
▼ + stars: | 2023-10-16 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/venezuelan-presidential-hopeful-fights-for-free-elections-2d8dfefd

Persons: Dow Jones Locations: americas

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