MUMBAI: Simone Tata (nee Dunoyer), a Swiss national who married into the Tatas and built India’s most enduring cosmetics brand, passed away in Mumbai Friday at 95.Lakme, a Tata venture born of an unusual request by then PM Nehru, who noticed that Indian women relied heavily on imported cosmetics, draining precious foreign exchange, was named…
Stablecoins have had their ups and downs, but it’s clear they’re one of crypto’s biggest success stories so far. While Bitcoin may garner more of the headlines thanks to its constant ups and downs, stablecoins have emerged as the chief workhorse of the decentralized finance ecosystem, helping to shift more than $275 trillion worth of…
Putin at state banquet (@rashtrapatibhvn) NEW DELHI: President Droupadi Murmu hosted Russian President Vladimir Putin at Rashtrapati Bhawan for a lavish state banquet on the second day of his India visit, featuring an all-vegetarian menu presented as a traditional thali built around fresh ingredients and aromatic spices. The carefully curated spread was designed to highlight…
Elon Musk on Saturday slammed the European Union’s $140 million fine on his social media platform X, calling the penalty “crazy” and “insane” in a post on the site. Taking to the site, he said, “The EU imposed this crazy fine not just on @X, but also on me personally, which is even more insane!”“Therefore,…
The Bank of Japan is preparing to raise interest rates at its December policy meeting, a shift that would lift the country’s benchmark rate to its highest level since 1995 and potentially reverberate through global risk markets, including crypto. People familiar with the matter told Bloomberg that policymakers are leaning toward a 25-basis-point hike to…
BENGALURU: It’s something of a Francisco D’Souza redux. After stepping down as Cognizant CEO, D’Souza co-founded Recognize. Now, Bain Capital, in partnership with Recognize, has closed a multi-billion-dollar deal to acquire HealthEdge, the US-based healthcare software provider. During D’Souza’s tenure, Cognizant carved out a strong franchise in healthcare, with the former CEO playing a pivotal…
NEW DELHI: As the world watched the India-Russia summit intently, hoping PM Narendra Modi would nudge President Vladimir Putin towards an early end to the Ukraine war, Modi’s message to the president going into the bilateral meeting was that the welfare of the world lay in the path to peace that the international community must…
MUMBAI: Most tech-driven financial services platforms faced outages during Friday’s high-intensity late session due to tech-glitch at Cloudflare, one of the companies that runs the internet globally. Traders in India faced issues with trade execution and cancellations on a day when the RBI policy and weekend considerations led to higher trading intensity than most other…
Kolkata: 106-year-old Kesoram Industries, once the flagship of the B K Birla group, is being acquired by Frontier Warehousing, a city-based storage and logistics solutions company. The total value of the acquisition, as per stock exchange filings, would be close to Rs 100 crore.Frontier-owner Gautam Agarwal, told TOI he is drawing up plans for Kesoram,…
Crypto asset management firm CoinShares (CS) said the digital asset treasury (DAT) bubble has largely burst, with some firms that traded at 3x to 10x their market net-asset value (mNAV) in summer 2025 now back to about 1x or below, in a sharp reset for a trade that once priced token treasuries like a growth…
