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Zoom raises revenue forecast on growing demand for AI tools in hybrid work

Zoom raises revenue forecast on growing demand for AI tools in hybrid work

Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, and said Kelly Steckelberg would step down as its CFO.

Shares of the video-conferencing provider were trading 3 per cent higher after the bell.

1993 Mumbai blasts: Court orders police to provide security to approver

1993 Mumbai blasts: Court orders police to provide security to approver

A sessions court on Wednesday directed Mumbai Police to provide adequate security to an approver in the 1993 serial bomb blast case and his family members.

Sessions court judge V D Kedar stated the man was a star prosecution witness and prime approver and the trial in the case of the belated arrest of seven persons is slated to commence soon.

Toll rises to 17 in pharma company reactor blast at Andhra's Anakapalli

Toll rises to 17 in pharma company reactor blast at Andhra's Anakapalli

The death toll rose to 17 on Thursday after a reactor blast in a pharma company in the Special Economic Zone (SEZ) at Atchutapuram in Andhra Pradesh's Anakapalli.

Anakapalli District Collector Vijaya Krishnan confirmed the deaths on Thursday.

The incident happened after a 500-kilo-litre capacitor reactor exploded at a pharma company with around 200 workers still working at the time.

Brokerages discontinued referral programmes post NSE's prohibition

Brokerages discontinued referral programmes post NSE's prohibition

Several brokerages have discontinued their referral programmes after a circular issued by top bourse National Stock Exchange (NSE) prohibited them from offering incentives to referrers unless they are registered authorised persons (APs).

“With a view to safeguard the interest of investors, it is hereby clarified that any person referring a client to the trading member (TM) shall be appointed as an AP of the TM after obtaining specific prior approval from the stock exchange for each such person,” NSE said in a circular on August 14.

NCLT approves delisting of ICICI Securities; firm's shares see major drop

NCLT approves delisting of ICICI Securities; firm's shares see major drop

Dismissing objections raised by minority shareholders, the National Company Law Tribunal (NCLT)-Mumbai on Wednesday approved the delisting of ICICI Securities Ltd from the stock exchanges.

ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold as per the approved scheme.

Paytm to sell entertainment ticketing business to Zomato for Rs 2,048 crore

Paytm to sell entertainment ticketing business to Zomato for Rs 2,048 crore

Zomato to acquire the movie and events ticketing businesses of Paytm's for Rs 2,048 crore, digital payments firm said in an exchange filing on Wednesday.

The company said that it will now focus on strengthening the core payments and financial services distribution.

No plan to probe Buch over Hindenburg row: FinMin sources deny media report

No plan to probe Buch over Hindenburg row: FinMin sources deny media report

Sources from the Finance Ministry on Tuesday refuted a media report that the ministry was considering a panel to look into the allegations made by Hindenburg Research against Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch, Moneycontrol reported.

Earlier today, news service Informist cited a senior government official to report that there may be such a panel with representation from Sebi members and government officials.

Brand matters: Anil Ambani's firm moves NCLT against IIHL using 'Reliance'

Brand matters: Anil Ambani's firm moves NCLT against IIHL using 'Reliance'

Anil Dhirubhai Ambani Ventures (ADAVPL), a company owned by Anil Ambani, has approached the National Company Law Tribunal (NCLT) in Mumbai, requesting the court to direct Hinduja-owned IndusInd International Holdings (IIHL) to cease using the ‘Reliance’ brand name as soon as the resolution plan for bankrupt Reliance Capital (RCap), a financial services firm, is implemented.

The NCLT will hear the matter on Tuesday.

PM Modi pays tribute to ex-PM Rajiv Gandhi on his birth anniversary

PM Modi pays tribute to ex-PM Rajiv Gandhi on his birth anniversary

Prime Minister Narendra Modi paid tribute to former PM Rajiv Gandhi on his birth anniversary on Tuesday.

"Tributes to our former Prime Minister Shri Rajiv Gandhi Ji on his birth anniversary", PM Modi posted on X.

Biden passes baton to Harris, says she will be 'historic president'

Biden passes baton to Harris, says she will be 'historic president'

US President Joe Biden formally passed the baton of his Democratic Party to his deputy Kamala Harris, saying she will be a "historic president" and describing her as the best person to save democracy.

Biden, 81, received an emotional standing ovation when he came on stage at the Democratic National Convention in Chicago on Monday night.

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