BEML, the Miniratna company, reported a marginal 0.75% decline in its profit after tax (PAT) for Q2 FY2024, totaling Rs 51.03 crore, compared to Rs 51.78 crore in the same quarter last year. The company’s revenue from operations fell by 57% YoY.
AI stocks retreat as Democratic sweep puts data centre boom in focus
AI-related stocks came under pressure on Wednesday despite a broader Wall Street rally following the Democratic sweep of Congress. Data centre companies CoreWeave, Iren and