IBM CEO admits AI infrastructure spending hit harder than expected, shares plunge 25 pc

IANS | July 15, 2026 10:44 AM

New Delhi, July 15 (IANS) US-based technology giant IBM's Chairman and CEO Arvind Krishna has admitted that the company underestimated the scale of customers' shift in spending towards artificial intelligence (AI) infrastructure and failed to adapt quickly enough, saying we faltered in the second quarter as the trend weighed on its revenue.

1st ODI: 'I had to stay focused rather than thinking,' says Axar on match-winning knock

IANS | July 15, 2026 10:41 AM

New Delhi, July 15 (IANS) India's match-winner Axar Patel said patience, self-belief and trusting the conditions were the key factors behind his all-round display in the opening ODI against England at Edgbaston, where his four-wicket haul and unbeaten half-century helped India register a six-wicket victory and take a 1-0 lead in the three-match series.

Kiran Abbavaram's character in 'Chennai Love Story' revealed!

IANS | July 15, 2026 10:38 AM

Hyderabad, July 15 (IANS) The makers of director Ravi Namburii's eagerly awaited Telugu romantic entertainer 'Chennai Love Story', featuring actor Kiran Abbavaram in the lead, on Wednesday revealed that actor Kiran Abbavaram plays a character called Steven Sankar in the film, much to the delight of fans and film buffs.

China’s GDP growth in April-June weakest in over 3 years

IANS | July 15, 2026 10:33 AM

New Delhi, July 15 (IANS) China’s GDP growth slowed further in the April-June period — weakest in more than three years — as the economy grapples with supply-demand imbalance and structural challenges, official data from Beijing showed on Wednesday.