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CNBC's Inside India newsletter: Will AI make or break India?
  + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +9 min
But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.
Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States
BENGALURU, Aug 11 (Reuters) - India's Patanjali Foods (PAFO.NS) on Friday reported a 63.6% drop in first-quarter profit as high costs dented margins. Total revenue from operations increased 7.7% to 77.67 billion rupees, while total expenses rose 9.3% due to higher purchases of stock-in-trade and employee costs. Government intervention for lowering prices in spite of holding high-priced inventory impacted profitability negatively during the quarter, the company added. The stock rose nearly 23% in the April-June quarter. Other consumer goods companies have reported mixed results for the first quarter, with KRBL (KRBL.NS) posting an 18.90% rise in its profit, while Venky's (India) (VENK.NS) profit plunged more than 60%.
Persons: Navamya Ganesh, Vinay Dwivedi Organizations: Patanjali, Revenue, Thomson Locations: BENGALURU, India, Venky's, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere should be no overall supply constraints in the rice market: Indian rice processing companyAshish Jain, CFO of India's largest basmati rice exporter KRBL, says forecasts from the U.S. Department of Agriculture support that outlook, but adds that factors such as El Nino could threaten the supply of rice in the short term.
Persons: Ashish Jain, El Nino Organizations: India's, KRBL, U.S . Department of Agriculture, El
India's rice export ban is a 'safety measure,' says food company
  + stars: | 2022-09-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's rice export ban is a 'safety measure,' says food companyAshish Jain of KRBL says it's "very difficult to say" how long it will be in place.
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