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OpenAI Finalizes $10 Billion Joint Venture With PE Firms to Deploy AI
OpenAI has raised more than $4 billion from investors including TPG, Brookfield Asset Management, Advent and Bain Capital for a firm focused on helping businesses leverage its AI software, Bloomberg reported on Monday.
Dividend alert! Last date to buy OFSS shares for Rs 270 dividend
Oracle Financial Services Software has set May 7 as the record date for its second interim dividend of Rs 270 per share for FY26. Today is the last day for investors to buy shares to be eligible for the payment, which is scheduled by May 21. This move continues the company's tradition of rewarding shareholders.
Freshworks to cut 11% jobs as AI reshapes software sector
FRESHWORKS-LAYOFFS/:Freshworks to cut 11% jobs as AI reshapes software sector
Software stocks are turning around. The group could be a new leader in tech, says Katie Stockton
The improved momentum behind software stocks and relative 'buy' signals versus the S&P 500 suggest software stocks are asserting themselves.
Q4 Results LIVE Updates: Sundram Fasteners profit up 30%; ESAF SFB NII grows 20%
Q4 Results LIVE Updates: Today is the busiest day in terms of quarterly results this week. The big earnings reaction of the day comes from Bajaj Finance where brokerages have raised their targets and even upgraded the stock, along with Waaree Energies, who also issued its guidance for FY27. The biggest result of the day comes from Hindustan Unilever (HUL), followed by Adani twins on the Nifty (Ports & Enterprises), Bajaj Finserv, ACC, Laurus Labs, Dr. Lal Pathlabs, RailTel, Newgen Software and others. Follow for all the Live updates.
Newgen Software Q4 Results: Shares rise up to 10% after US, APAC lead growth, margin expansion
For Newgen Software, Asia Pacific as a geography saw revenue growing to ₹84.6 crore from ₹69.2 crore, while the US business revenue grew to ₹106.1 crore from ₹88.5 crore last year. EBIT for US and APAC grew from the year-ago period, while it was lower for the same timeframe for its India and EMEA geographies.
Govt says EU sanctions not recognized in India: Nayara Energy to Delhi High Court
Nayara Energy has escalated its legal battle against SAP India, arguing that the withdrawal of software support due to European Union sanctions leaves India’s energy infrastructure vulnerable to cyberattacks.
OFSS shares rocket 9% after strong Q4 results, Rs 270/share dividend
Oracle Financial Services Software shares surged nearly 9% after reporting a robust 31% jump in net profit to Rs 842 crore. Revenue also climbed 20% to Rs 2,065 crore, driven by strong product and services growth. The company announced a Rs 270 interim dividend and highlighted a healthy deal pipeline, with significant new partnerships secured across the Americas and Europe.
Infosys shares fall 2% ahead of Q4 earnings; IT major teams up with OpenAI
Infosys shares dipped nearly 2% ahead of its Q4 FY26 earnings announcement. The IT giant also revealed a strategic collaboration with OpenAI to integrate its AI models, including Codex, into Infosys' Topaz platform. This partnership aims to accelerate software development and modernization for enterprises, moving them from experimentation to scaled, responsible AI deployment.
Exclusive-Thoma Bravo nears agreement to turn software firm Medallia over to creditors, source says
THOMABRAVO-MEDALLIA:Exclusive-Thoma Bravo nears agreement to turn software firm Medallia over to creditors, source says
Oracle Financial Q4 profit jumps 38%, margin expands; ₹270 dividend declared
Oracle Financial Services Software reported a strong Q4 with robust profit growth and sharp margin expansion, driven by product-led momentum, while the board declared a ₹270 interim dividend for FY26.
Meta to track keystrokes, mouse movements for AI training; employees push back
Meta is implementing software to track its US employees' keystrokes and mouse movements for AI training, causing internal backlash. Details here.