BENGALURU: TCS signed a definitive agreement to acquire US-based Salesforce consulting firm Coastal Cloud in an all-cash deal valued at $700 million. Founded in 2012, Coastal Cloud brings AI-led advisory and business consulting capabilities to help clients reimagine sales, service, marketing, revenue, and commerce. With the acquisitions of ListEngage and now Coastal Cloud, TCS said…
NEW DELHI: In a first-of-its-kind move, DGCA on Wednesday set up an eight-member “oversight team” of senior flight operations inspectors to oversee IndiGo’s operational aspects, including monitoring flights, crew availability and pilot shortage situation on a daily basis. Two officials (not pilots) will oversee the cancellation and refund status; payment of compensation to passengers for…
The Commodity Futures Trading Commission has announced the initial names as it stands up its CEO Innovation Council meant to delve into derivatives market-structure developments, especially around tokenization, crypto and blockchain technology. Prominent crypto-sector CEO names such as Gemini’s Tyler Winklevoss, Kraken’s Arjun Sethi and Polymarket’s Shayne Coplan will join chief executives from such mainstay…
Congress leader Rahul Gandhi criticized Home Minister Amit Shah’s response on electoral reforms as “defensive,” asserting that key opposition questions went unanswered. Gandhi highlighted concerns regarding transparent voter lists, EVM architecture, and alleged dual voting by BJP functionaries, noting Shah’s silence on these points and the removal of the Chief Justice from the EC selection…
If approved, the Nicholas Bitcoin and Treasuries AfterDark ETF would buy and sell bitcoin-linked financial instruments outside U.S. trading hours. Source link
IndiGo’s chairman, Vikram Singh Mehta, apologized for recent flight disruptions, denying they were deliberate. He stated external experts will identify root causes to prevent future chaos. Mehta clarified that the airline followed new pilot rest rules and did not compromise safety. A combination of internal and external factors, not intentional actions, pushed systems beyond limits,…
The Delhi High Court delivered a sharp critique to the Union government, condemning its complacency as IndiGo’s flight cancellations wreaked havoc on travel plans and sent prices soaring. The bench voiced concerns over why no preventive measures were taken as the situation deteriorated, placing travelers in precarious positions while calling for reparations. NEW DELHI: Delhi…
State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026 that uses stablecoins for around-the-clock investor flows, expanding the use of public blockchains in institutional cash management, the companies announced Wednesday. The State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, will accept subscriptions and redemptions in PYUSD, a…
DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he’s warming up to commodities, while doubling down on foreign investments amid dollar weakness. The widely followed investor said he recently shifted positive on broad commodities, pointing to a steady, largely overlooked rally in the asset class. “Commodities broadly have quietly started to rise,” Gundlach said. “For the…
Specialised tribunals, designed for swift justice, are overwhelmed by over 5.24 lakh pending cases, primarily due to significant member vacancies. Debt Recovery Tribunals lead with 2.5 lakh cases. Seven tribunals lack chairpersons, and 18% of member posts are unfilled, hindering efficient case resolution despite government efforts and technological adoption. Tribunals are meant to deliver faster…
