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: Delhi’s air quality improved for the second consecutive day on Thursday, though pollution levels continued to remain a concern. The city’s 24-hour average air quality index (AQI) stood at 234 at 4 pm, placing it in the ‘poor’ category, according to data from the Central Pollution Control Board (CPCB). The reading marked an…
Bitmine Immersion Technologies (BMNR) said its combined crypto, cash and higher-risk “moonshot” investments have reached $13.2 billion, driven by an ether ETH$3,017.33 position that now totals more than 4.1 million tokens. The firm in a Monday press release said the holdings make it the world’s largest publicly owned ether treasury and place it second globally…
Metaplanet, Asia’s largest publicly listed bitcoin holder, isn’t just buying bitcoin BTC$69,483.55 anymore but wants to build the ecosystem around it. The Tokyo-listed company, which holds 35,102 BTC, announced Thursday the creation of Metaplanet Ventures K.K., a wholly-owned subsidiary that will invest in companies building regulated bitcoin financial infrastructure in Japan. The total investment over…
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Nobel Laureate Philippe Aghion (Credit-University of Oxford) The ongoing conflict in the Middle East is unlikely to trigger a global economic collapse on the scale of the 2008 financial crisis, Nobel Prize-winning economist Philippe Aghion has said, even as he warned that a prolonged war and sharply rising oil prices could slow global growth, AFP…
For years, Indian families have saved in gold, stored cash, and put money in tangible assets to safeguard their future. But now, there’s a noticeable shift is visible as more Indian households are moving away from old saving ways and putting their money to work through investments.India’s total household wealth, by the end of FY25,…
The Council of the European Union, an EU body that amends legislation and commits national governments to adopting the bloc’s laws, said it backs the European Central Bank’s plan to explore an official digital currency, calling it an evolution of money and a tool for financial inclusion. In a Friday post on its website, the…
NEW DELHI: IndiGo will carry out a “root cause analysis” to determine what triggered the large-scale flight disruptions over the past week, a senior airline official said Sunday. India’s largest carrier has been cancelling hundreds of flights amid operational breakdowns linked to new pilot duty norms and planning gaps. IndiGo Fiasco: Civil Aviation Minister Slams…
A federal appeals court rejected the final bid of crypto bank Custodia to challenge the U.S. Federal Reserve’s authority over granting master accounts, but the decision arrives at a time that the central bank is opening other avenues for such accounts. A Fed master account grants access to the central bank’s payment rails and full…
