Persistent Systems Ltd is looking to anchor its long-standing European ambitions and hit a $5 billion revenue target by March 2031 through its largest-ever acquisition, German digital engineering firm Nagarro. The deal is expected to propel the company up two spots to become India’s seventh-largest IT services firm, boasting a combined revenue of about $2.9 … Read more
“We are already present in painting, bathroom cleaning, full home cleaning, kitchen cleaning, appliance repair, AC servicing, plumbing, electrician, and carpentry. We are already going to 200,000 homes every month, so the question was, why are we not in salon services? Customer demand was high, and the social requirements matched,” said Amit Kumar Agarwal, co-founder … Read more
Micron Technology’s market value surged past that of Meta Platforms and ahead of Tesla on Thursday, as investors responded positively to the company’s latest outlook and growing exposure to the artificial intelligence sector. The memory chipmaker’s shares skyrocketed 18.4% to $1,236, lifting its market capitalisation to $1.398 trillion, placing it aboveMeta, which was valued at … Read more
Volkswagen AG is looking to cut tens of thousands of additional jobs and may shutter factories in a push by Chief Executive Officer Oliver Blume to make Europe’s biggest automaker more competitive, Manager Magazin reported. The plans, presented by the CEO during a management board meeting earlier this week, include doubling staff reductions to as … Read more
HDFC Bank on Friday said an external legal review into concerns raised by former Chairman Atanu Chakraborty’s resignation letter found “no contemporaneous support” for his allegations in board or committee records, meeting materials or related communications. In March, Reuters reported that HDFC Bank appointed two domestic law firms and one U.S.-based law firm to review … Read more
The six largest audit firms in India by number of clients, audited 66% of the Nifty 500 companies as of 2025-26 according tot data from Primedatabase. EY, KPMG, Deloitte, GT Group, BDO Group and PWC Group including their associates consulted 8% more companies at 779 clients in 2025-26 from 722 last year. BDO Group including … Read more
Indian basket crude prices returned to pre-conflict levels Wednesday, with the basket priced at $70.71 per barrel, reducing the import bill, easing inflationary pressures and improving the financial position of the Centre and oil marketing companies. The Indian basket of crude oil is a derived basket comprising the sweet grade of Brent Dated and the … Read more
At the 45th Annual General Meeting (AGM) of Infosys on Tuesday, Chairman Nandan Nilekani struck a confident note on the company’s future in an AI-driven world, asserting that artificial intelligence will act as a force multiplier rather than a disruptor for firms that adapt effectively. “AI will not replace a company like ours but amplify … Read more
Nvidia has unveiled a new liquid cooling system for its AI servers that the company says eliminates the need for water-hungry air-cooling fans, a development that could significantly reduce the environmental toll of the world’s fast-growing data centres. The Problem: Data Centres Are Draining Water Supplies Across US From contaminated wells to plummeting water pressure, … Read more