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BusinessPhoto: NDTV BusinessCummins India Ltd reported a 4.1% revenue increase to Rs 3,301 crore in Q2 FY27, but net profit fell 18.5% to Rs 507 crore. EBITDA declined 27.1% to Rs 506 crore, with margins shrinking from 21.9% to 15.3%. Shares dropped over 14%, hitting a low of Rs 4,031.20 on NSE amid pressure on profitability despite revenue growth. Citi maintains a buy rating with a Rs 6,325 target.
NDTV Business·
TechnologyPhoto: ET TechMicrosoft has pulled out of a multibillion-dollar deal to support Nscale's flagship data centre project in Loughton, Essex. The decision followed delays in power connections, which pushed the project's expected supply date into the 2030s, causing Microsoft to reject the partnership.
ET Tech··Loughton
PoliticsPhoto: Deccan HeraldMumbai Police Crime Branch arrested 30-year-old IT engineer Vaibhav Mishra from Bengaluru for sending extortion threats to Bollywood actors Ayushmann Khurrana and Tusshar Kapoor. Mishra posed as a member of the Lawrence Bishnoi gang, demanding crores of rupees. The arrest followed cyber and forensic investigations tracing his digital and voice evidence. Authorities believe he exploited panic over recent gang threats targeting celebrities.
Deccan Herald··Bengaluru
PoliticsPhoto: The News MinuteOn November 4, the Karnataka High Court dismissed a criminal defamation case filed by the BJP against former CM Siddaramaiah, Deputy CM DK Shivakumar, and KPCC. The case, filed in May 2023, concerned Congress advertisements accusing the previous BJP government led by Basavaraj Bommai of corruption, including collecting 40% commissions and looting Rs 1,500 crore through corrupt practices.
The News Minute··Bengaluru
PoliticsPhoto: Aaj TakIn the US midterm elections, Democrats won control of both the House of Representatives and the Senate, delivering a significant setback to President Donald Trump. This outcome is expected to intensify conflicts over investigations, budget, Iran war policies, appointments, and veto powers during Trump's remaining two years in office.
Aaj Tak·
TechnologyPhoto: Firstpost TechGoogle's decision to make AI features optional for schools, linking the removal of other AI tools to Search availability, has faced criticism from educators and privacy advocates. In response, DuckDuckGo is providing schools with an alternative search option, emphasizing that schools should have more control over how children access information online.
Firstpost Tech·
NDTV Business·
Photo: NDTV BusinessCummins India Ltd reported a 4.1% revenue increase to Rs 3,301 crore in Q2 FY27, but net profit fell 18.5% to Rs 507 crore. EBITDA declined 27.1% to Rs 506 crore, with margins shrinking from 21.9% to 15.3%. Shares dropped over 14%, hitting a low of Rs 4,031.20 on NSE amid pressure on profitability despite revenue growth. Citi maintains a buy rating with a Rs 6,325 target.
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