BENGALURU: Mphasis CEO Nitin Rakesh said Blackstone’s stake sale reflects a natural phase in the private equity firm’s investment lifecycle and does not indicate any loss of confidence in the company’s performance. Blackstone acquired a 60.5% stake in Mphasis for $1.1 billion in 2016 and has been invested in the company for over nine years….
NEW DELHI: The IAF’s Sarang helicopter display team will participate in the Singapore Airshow 2026 early next month and join several renowned military aerobatic teams, including the Chinese PLA Air Force’s Bayi aerobatic team.The airshow will be held at Changi Exhibition Centre on the East Coast of Singapore from Feb 3 to 9. It will…
Stock pickers have long sought to beat the market, and most continue to fail, with the rate of underperformance of U.S. large-cap mutual funds, after fees, against the S&P 500 between 80%-90% of all funds over a decade. But there are ways to think about generating what is known as alpha — outperformance of a…
As the Union Budget 2026 is drawing closer, India’s precious metal refiners are have laid out their expecations from the finance minister. The sector is seeking relief from the current duty structure that favours importers as compared to local refiners, through free trade agreements. MMTC-PAMP managing director and CEO Samit Guha the duty gap has…
The U.S. Securities and Exchange Commission (SEC) agreed to dismiss a lawsuit against crypto exchange Gemini on Friday, tied to the company’s defunct Earn product, saying the suit was no longer warranted. The SEC sued Gemini and Genesis Global Capital in 2023, alleging the companies had sold unregistered securities in the form of Gemini’s yield-bearing…
NEW DELHI: In a move to address the menace of loose items, such as soil, construction materials and municipal waste, often falling from both uncovered or tarpaulin-covered trucks, the govt will soon make it mandatory for these vehicles to have “mechanised covering” — automated or machine-assisted methods for covering.This will be part of the updated…
Check out the companies making headlines in midday trading. Fortinet — Shares jumped more than 7% after TD Cowen upgraded the cybersecurity stock to buy from hold, saying rising memory prices won’t hurt the company as much as some suspect. The firm’s $100 price target suggests 29% upside ahead. Bausch Health — The pharmaceutical stock…
NEW DELHI: India’s first final assembly line (FAL) for commercial fixed-wing aircraft could come up in either Gujarat’s Dholera or Andhra’s Bhogapuram.Adani Group’s upcoming JV (joint venture) FAL with Brazilian regional aircraft major Embraer is being aggressively wooed by both states that are implementing ambitious aerospace plans for these two places. India is looking at…
The latest draft of the major crypto legislation has begun to be targeted with amendments as the Senate Agriculture Committee approaches its hearing next week. Source link
Representative file image NEW DELHI: A pair of abandoned slippers and a gap in a broken stone wall leading into a forested ridge helped police crack the case of a 10-year-old girl’s sexual assault in central Delhi’s Prasad Nagar. The child was allegedly abducted, raped and left unconscious in the secluded area by an e-rickshaw…