Bengaluru: In a bid to strengthen its AI infrastructure capabilities, Cognizant is acquiring Astreya, a tech firm specialising in AI infrastructure and data centre services, in a deal valued at about $600 million – its third-largest acquisition after Trizetto and Belcan. Astreya manages over 500,000 end users and supports nearly 30% of the world’s data…
Mumbai: The RBI has dealt a blow to Tata Sons’ bid to avoid going public, rejecting an argument that would have allowed the Tata conglomerate’s holdco to surrender its financial licence and evade a mandatory stock exchange listing. In directions published on Wednesday, RBI clarified that equity received from group companies with access to capital…
May Offer Price And Logistics Advantage New Delhi: The UAE’s exit from Opec may prove significantly beneficial for India, which is looking to secure its energy requirements in the long run following the recent squeeze on supplies amid the military conflict in West Asia, officials in the know said.While Abu Dhabi has taken the decision…
New Delhi: Desperate times call for desperate measures. Full service Air India is planning to make meals optional on its domestic and short international (under two hour) flights. Once this “unbundling” rolls out in the next month or two, passengers opting out of meals could have upwards of Rs 250 shaved off their ticket price….
Driven by higher consumption of petroleum products, India’s crude imports in the 2025-26 fiscal increased by nearly 1% but witnessed a 17% fall in purchases in the month of March due to disruption of trade routes amid the West Asia crisis.According to provisional oil and gas data released by the government, India purchased 245.3 million…
New Delhi: With no sight of the Strait of Hormuz (SoH) opening for commercial traffic in near future, shipping ministry has shared a list of around 40 India-bound “priority vessels” with the external affairs ministry, suggesting the option of evacuating them through territorial waters of Oman. Oman’s territorial waters is on the south of SoH…
Jerome Powell (AP file photo) US Fed Federal Open Market Committee (FOMC) meet: Jerome Powell-led US Federal Reserve on Wednesday kept the interest rates unchanged in the 3.5-3.75% range citing upside risks to inflation in view of the rising global energy prices.“Developments in the Middle East are contributing to a high level of uncertainty about…
Crude prices surged to their highest levels since 2022 on Wednesday while investors awaited the Federal Reserve’s policy decision later in the day.Brent crude for June delivery jumped 7.3 per cent to $119.34 a barrel by 1:15 pm Eastern time and touched an intraday high of $119.76. Brent for July delivery, where more active trading…
The government is working on a third edition of the Jan Vishwas Bill that will go beyond decriminalising minor offences and focus on simplifying procedures, reducing compliance burden and making business operations easier, Commerce and Industry Minister Piyush Goyal said on Wednesday.Speaking at the World Bank Group’s workshop on the Business Ready (B-READY) framework, Goyal…
Kevin Warsh (Photo credit-AP) Kevin Warsh, President Donald Trump’s nominee to lead the Federal Reserve, moved a step closer to becoming the next US central bank chief after the Senate Banking Committee approved his nomination on Wednesday, AP reported.The committee voted 13-11 along party lines, with all Republican senators backing Warsh and all Democrats opposing…