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Tata Consultancy Services is investing heavily in artificial intelligence and data centres. This move aims to build new capabilities for global companies. The company plans to create 1 gigawatt of data centre capacity. This initiative is a strategic response to slowing revenue growth. TCS is also acquiring ListEngage to boost its Salesforce platform.
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Groww plans to launch its 7,000-crore Initial Public Offering in early November. The fintech firm, backed by Microsoft CEO Satya Nadella, aims for an $8 billion valuation. The IPO will include a fresh issue and an offer for sale by existing investors. This comes as the stock broking industry faces regulatory pressures.
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Kotak Mutual Fund has stopped new lump sum investments in its Silver ETF Fund of Fund. This is because domestic silver prices are much higher than international rates. The fund house wants to protect investors from buying silver at these inflated prices. The shortage in domestic silver supply is expected to continue until late 2025.
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