TCS to acquire Porsche tech subsidiary MHP for $373 million in mega AI deal BENGALURU: In a mega deal that boosts its manufacturing and AI playbook, TCS will acquire MHP Management, the consulting and technology subsidiary of German sports car maker Porsche, for $373 million. The transaction will also anchor a five-year strategic partnership worth…
Ahead of Putin’s India visit, Jaishankar delivers PM Modi’s message as Russia assures continued fertiliser supplies NEW DELHI: Ahead of Russian President Vladimir Putin’s visit to India next month, external affairs minister S Jaishankar called on the President and handed over a personal message from PM Narendra Modi to him. Putin committed to continuing fertiliser…
Visa crackdown widens as Trump administration targets visitors seeking to remain in US through asylum claims The Donald Trump administration is preparing to revoke the business and tourism visas of as many as 2,00,000 foreigners who have applied for or are currently seeking asylum in the United States, in what could become the largest single…
Centre to sell subsidised onions at Rs 35/kg in Delhi-NCR as retail prices climb NEW DELHI: The Centre is likely to begin selling onions at a subsidised price of Rs 35 per kg across Delhi-NCR later this week to rein in soaring retail prices. Officials said locations for the retail sale through mobile vans will…
Indian exports to Iran declined from $3.5 billion in FY2019 to $1.2 billion in FY2026. Launching an ‘economic onslaught’ on Iran, US Treasury Secretary Scott Bessent said that President Donald Trump is making phone calls to world leaders with specific requests to stop all interactions with Iran.The move comes amid the ongoing US-Iran conflict which…
Gold has witnessed a strong breakout and is trading near fresh highs around Rs 163,000. Gold price prediction today: Gold prices are showing a positive bias and there has been a sharp correction from the lows seen in July, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.If the current MCX…
Iran blacklists 45 tankers over Strait of Hormuz rules amid fresh US sanctions threat Iran has blacklisted 45 tankers for allegedly violating its rules for crossing the Strait of Hormuz and warned that vessels conducting ship-to-ship transfers with them could also face action, escalating tensions over the key waterway nearly six months into the war.The…
Infosys employees are now awaiting details on the annual salary revisions. Infosys, India’s second largest IT services major, has reportedly awarded its eligible employees an average performance bonus of 70% for the April-June quarter. While the average payout is similar to the last quarter, it is around 10 percentage points lower than what was awarded…
Technology stocks led the losses after experiencing sharp swings over the summer. US stock market today: Wall Street indices were subdued on Monday as investors looked ahead to a week filled with events that could have a significant impact on markets. Meanwhile, the parts of the bond market that the US Treasury Department is seeking…
ISMA says India has enough stocks, expects prices to cool down soon India does not have a sugar shortage, industry body ISMA said on Monday, soothing concerns over the sweetner’s supplies amid a recent rise in retail prices. The industry body also expects sugar prices to come down in the comingIndian Sugar Mills Association president…
