New Delhi: In good news for patients, Indian Patent Office has refused a patent on MNC firm AbbVie’s blockbuster immunology therapy Rinvoq, paving the way for affordable versions to enter the domestic market. In a recent hearing, the Delhi Patent Office held that the claimed invention was “obvious” and lacked inventive step, a violation of…
Bengaluru: In a bid to strengthen its AI infrastructure capabilities, Cognizant is acquiring Astreya, a tech firm specialising in AI infrastructure and data centre services, in a deal valued at about $600 million – its third-largest acquisition after Trizetto and Belcan. Astreya manages over 500,000 end users and supports nearly 30% of the world’s data…
Mumbai: The RBI has dealt a blow to Tata Sons’ bid to avoid going public, rejecting an argument that would have allowed the Tata conglomerate’s holdco to surrender its financial licence and evade a mandatory stock exchange listing. In directions published on Wednesday, RBI clarified that equity received from group companies with access to capital…
Current Federal Reserve chair Jerome Powell will continue to stay on the central bank’s board as Governor after his term ends in May. Speaking at a press conference following the central bank’s decision to hold interest rates steady at 3.5%-3.75% on Wednesday, Powell voiced concerns about the legal action against the central bank, saying it…
A CAPF official stands guard while voters wait to cast their votes at a polling station during the second phase of the West Bengal Assembly elections 2026, in Purba Bardhaman on Wednesday. (@CEOWestBengal/ANI Photo) Exit polls on Wednesday agreed that the BJP-led alliance would win Assam comfortably, the UDF would unseat the LDF in Kerala…
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March. Text removed from the March statement is in…
Hyderabad: Five abandoned Siberian Huskies trudging along a village road on the outskirts of Hyderabad under the scorching sun were rescued Wednesday, while a sixth was found dead nearby, possibly after suffering a heatstroke. Passers-by reported seeing a larger pack of pedigreed dogs wandering through a scrubland near Nandigaon village along the Shankarpally-Patancheru Road.Animal rescuers…
May Offer Price And Logistics Advantage New Delhi: The UAE’s exit from Opec may prove significantly beneficial for India, which is looking to secure its energy requirements in the long run following the recent squeeze on supplies amid the military conflict in West Asia, officials in the know said.While Abu Dhabi has taken the decision…
Shares of SoFi plunged more than 15% Wednesday after the company declined to raise its full-year outlook — a move CEO Anthony Noto said reflects macro reality, not weakening fundamentals. “We did not raise the full-year guidance because when we originally gave the full-year guidance, we were anticipating at least two Federal Reserve rate cuts,”…
The shares of Twenty One Capital (XXI), the bitcoin-focused firm, are up over 8% in after-hours trading on Wednesday, after majority shareholder Tether Investments proposed a merger with Strike and Elektron Energy. Tether Investment, the independent investment arm of the stablecoin issuer, said it intends to vote its shares in favor of combining XXI with…
