BENGALURU: Mid-cap IT firm Coforge has announced its plan to acquire AI firm Encora – whose estimated revenue is $600 million for 2026 – giving it a better presence in the hi-tech and healthcare verticals, besides deepening its footprint in North America. Coforge will acquire the business from Advent, Warburg Pincus and other minority shareholders…
Oil slumped in muted post-Christmas trading as investors assessed a step forward in long-stalled Ukraine peace talks which could lead to a deal that allows more Russian oil into global markets grappling with oversupply. WTO edged down on Friday to trade near $58 a barrel, while Brent was below $62.Bloomberg Source link
MUMBAI: Insurance regulations to prevent mis-selling are set to tighten with the Insurance Regulatory and Development Authority of India (Irdai) set to frame stricter norms on commission disclosure and conflicts of interest, enabled by amendments cleared in the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025.The amendments give the regulator explicit powers to…
New Zealand’s PM Christopher Luxon, on Saturday, hailed the free trade agreement with India, saying that the deal fulfilled a key promise made by his government. “We said we’d secure a Free Trade Agreement with India in our first term, and we’ve delivered.” He further added that this “landmark deal means more jobs, higher incomes…
Bitcoin could be entering a bull run lasting into 2035, following what may have been a bear market over the past 12 months, according to Jan3 founder Samson Mow. However, other analysts have argued that Bitcoin’s (BTC) all-time high of $125,100 in October marked the cycle high and 2026 could be the start of a…
Lucknow: Chief Minister Yogi Adityanath on Friday said the legacy of Sikh gurus, who gave everything for faith, nation and humanity, continues to guide India’s path of progress.“History is shaped only by those who embody sacrifice and renunciation. The history of Sikh gurus in India is a history of the extraordinary radiance of devotion and…
NEW DELHI: The Centre is expected to go ahead with its thrust on capital expenditure and is likely to step up spending in the budget, hoping that a multiplier effect, along with higher consumption demand will boost investment and economic activity.At the heart of the strategy will be a focus on railways, which may get…
NEW DELHI: Two Tata Steel subsidiaries were sued for $1.6 billion by an NGO in the Netherlands for alleged adverse health and environmental impacts from its steel plant in the Dutch village of Velsen-Noord.In a regulatory filing, Tata Steel said that Stichting Frisse Wind.nu (SFW) filed a case before a court in North Holland against…
NEW DELHI: Four years after RBI ordered insolvency action against Srei Infrastructure Finance and Srei Equipment Finance, Punjab National Bank on Friday reported a loan fraud of Rs 2,434 crore committed by the erstwhile promoters of the two non-bank finance companies to the regulator.It reported a fraud of Rs 1,241 crore in the case of…
NEW DELHI: The committee of creditors (CoC) cannot modify or alter a resolution plan for reallocation of funds of dissenting creditors, after it is approved, insolvency appellate tribunal NCLAT has said. Dismissing an appeal by Bank of Baroda in the Reliance Communications Infrastructure (RCIL) matter, NCLAT said the assenting members of the CoC cannot alter…
