AI Will Boost S&P 500 Profits by 30% or More Over Next Decade: Goldman Sachs
Goldman Sachs believes AI could help drive S&P 500 profits in the next 10 years, increasing productivity by 1.5 percent per year. Artificial intelligence has investors, who are eager for a fresh driver of profit growth, excited of its potential as it promises to drive efficiency benefits. Ben Snider, senior strategist at Goldman Sachs, estimates […]
Adani Wilmar Records 60% Drop in Q4 Profit to Rs 94 Crore
The market leader in edible oil Adani Wilmar has seen a 60 percent decline in its fourth-quarter profit, with net profit falling to Rs 13,945 crore for the quarter ended March 31. It attributed the fall in profit to sluggish demand from customers and lower product prices. Angshu Mallick, Adani Wilmar CEO, said their margins […]