All articles tagged with #oci
Oracle is rapidly expanding its cloud infrastructure business, driven by Larry Ellison's leadership and strategic focus on AI workloads, with projections of significant revenue growth and a shift towards AI training and inferencing, positioning itself as a key player against hyperscalers despite high capital expenditures and uncertain returns.
European markets closed higher, with the pan-European Stoxx 600 up 0.43%. Travel and leisure stocks led gains, while oil and gas remained flat. U.S. stocks opened slightly higher, with the S&P 500 rising. In Asia, Japan's Nikkei 225 index jumped 1% after the Bank of Japan left its main policy rate unchanged. Dutch chemical and fertilizer manufacturer OCI saw its shares rise 5% after announcing the sale of its stake in Iowa Fertilizer Company. Shipping companies, including Frontline, saw losses as investors assessed the impact of a suspension of Red Sea routes.
Actor and activist Chetan Kumar, a US citizen, claims that the Indian government has cancelled his Overseas Citizenship of India (OCI) card and directed him to return it within 15 days of receiving their letter. The government cited his alleged violation of Covid-19 guidelines and criticism of a judge as reasons for the cancellation. Chetan plans to approach the Karnataka High Court to challenge the decision, stating that the government's actions are aimed at creating an atmosphere of fear and silencing activists.