Shares of Google parent Alphabet crashed more than 7% on Wednesday following the company's Q4 revenue miss and high capital expenditure plans. The company's revenue came in at $96.47 billion, behind the $96.56 billion expected by analysts. Alphabet also posted a cloud revenue miss. S&P 500 and Nasdaq Composite fell Wednesday after mixed quarterly figures from Alphabet and chipmaker AMD.

Artificial intelligence (AI) may not be ready to cure cancer on its own, but it can enhance the efficiency of researchers working on complex problems, OpenAI CEO Sam Altman, who is currently on a visit to India, said. "Deep Research can help someone review the existing literature and find some connections," he added. "This isn't an innovator yet," Altman stated.

India's major ports handled 819.23 million tonnes of cargo in FY 2023-24, up from 581.34 million tonnes in FY 2014-15, marking a compound annual growth rate (CAGR) of 3.5%, in line with global standards, the Parliament was informed on Wednesday. Minister Sonowal noted that in 2023-24, cargo handling comprised 33.8% liquid bulk, 44.04% dry bulk, and 22.16% container cargo.

Bajaj Finserv AMC has launched the Bajaj Finserv Multi Cap Fund, an open-ended equity scheme designed to invest across Large-Cap, Mid-Cap, and Small-Cap stocks. This fund follows a contrarian investment strategy, identifying undervalued opportunities by going against prevailing market sentiment. The New Fund Offer (NFO) will be open for subscription from February 6 to February 20.

Established in 1985, Apollo Micro Systems is at the forefront of creating, constructing, and validating crucial electronics and electro-mechanical solutions for sectors such as aerospace, defence, and space. In its nine-month results, the net sales increased by 69.5% to ₹400.30 crore and profit after tax (PAT) increased by 133.2% to ₹42.40 crore in 9MFY25 compared to 9MFY24.

HSBC Mutual Fund launched the HSBC Financial Services Fund. This open-ended equity scheme aims to capitalise on the strong growth potential of India's financial sector. The NFO opens on February 6 and closes on February 20. The fund is designed to capture opportunities across both lending and non-lending segments and will track the BSE Financial Services Index TRI.

Sigachi Industries Limited, a leading pharmaceutical company, is boosting its Research and Development (R&D) capabilities by establishing a state-of-the-art R&D center in Hyderabad. This strategic move consolidates critical API development and analytical efforts under one roof, signifying the company's dedication to innovation and long-term growth.

Edelweiss Mutual Fund launched the Edelweiss Consumption Fund, an open-ended equity scheme designed to capitalise on India’s rapidly expanding consumer market. With the country poised to hit $4.3 trillion in consumer spending by 2030, the fund aims to invest across core, emerging, and cyclical consumption sectors. The NFO is open for subscription from January 31 to February 14.

An Offer for Sale (OFS) is a method used by companies to sell existing shares to the public. Unlike an IPO or FPO, which involves issuing new shares to raise capital, an OFS is a sale of shares that are already in circulation. The shares are typically offered by existing shareholders such as promoters, institutional investors, or government entities.

Paisalo Digital Limited, an RBI-registered NBFC, reported an 11.6% rise in net sales to ₹203.75 crore and a 10.6% increase in net profit to ₹62.43 crore in Q3FY25 compared to Q3FY24. For the nine-month period, net sales grew by 24.6% to ₹577.33 crore, while net profit rose by 8.1% to ₹153.83 crore.