Divorces are not just the end of a marriage, but also the beginning of a storm. Beyond the annulment lawyer’s office lies an ocean of emotions, with equal amounts of gloom and anger. Adding to the misery comes a financial slap for both ex-spouses. While men scramble to arrange alimony, women often face upheaval, relocating […]
‘Starting to kick in’: Trump hints at $1,000–$2,000 ‘tariff dividend’ for Americans; what it means
US President Donald Trump on Thursday said that he is considering giving Americans up to $2,000 in rebates from revenues generated by his tariff policies, calling the payments a “dividend to the people of America.”“They’re just starting to kick in,” Trump said in an interview with One America News Network, referring to the tariffs imposed […]
Stock market today: Nifty50 opens below 24,800; BSE Sensex down over 170 points
Analysts anticipate continued positive movement on Friday, driven by supportive monetary policies, good monsoon predictions and increased festive season demand. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday. While Nifty50 was below 24,800, BSE Sensex was down over 170 points. At 9:17 AM, Nifty50 […]
TCS hiring, cybersecurity moves under US, UK lens
BENGALURU: Tata Consultancy Services (TCS) is under scrutiny as lawmakers in both the US and UK press CEO K Krithivasan for answers regarding the company’s employment practices and cybersecurity protocols. US Senators Charles E Grassley and Richard J Durbin from the senate judiciary committee wrote to TCS CEO K Krithivasan, raising concerns about the company’s […]
10% households invest in markets: Survey
MUMBAI: Less than one out of 10 households in India (9.5%) invest in securities market-related financial products like stocks and mutual funds, a Sebi survey showed. This is despite 63% of the country’s total 33.7 crore households knowing about at least one of these products.Among states, nearly 21% of households in Delhi invest in securities […]
Abu Dhabi fund to buy 41% in NBFC Sammaan for $1 billion
MUMBAI: Abu Dhabi’s ruling family-owned International Holding Company (IHC) will acquire a 41.2% stake in Sammaan Capital (formerly Indiabulls Housing) for Rs 8,850 crore. At about $1 billion, this is the largest foreign investment in India’s NBFC space.The investment will be made through preferential allotment of equity and warrants at Rs 139 per share, below […]
US firm sues Hexaware for patent breach, seeks $500 million
BENGALURU: American tech firm Natsoft and its subsidiary Updraft have sued Mumbai-based Hexaware Technologies in the US for $500 million for patent infringement.The plaintiffs allege that Hexaware’s flagship modernization platforms — RapidX, Amaze, and Tensai/ATOP — illegally incorporate Natsoft’s patented technologies covering automated code testing, business-rule extraction, code generation, and legacy modernisation.Plaintiffs alleged that Hexaware […]
TCS sues SpiceJet: Delhi HC summons airline; IT firm alleges unpaid dues of Rs 2.34 crore
The Delhi High Court has summoned SpiceJet to respond to a recovery petition filed by Tata Consultancy Services (TCS), which is seeking the attachment of the airline’s property at Terminal 1D of Indira Gandhi International Airport.TCS is claiming Rs 2.34 crore, along with interest, for services provided to the airline between July 2019 and September […]
Defence exports boost: Armoured Vehicles Nigam seeks to rope in international partners; aims to sell platforms, vehicles and spare parts
Armoured Vehicles Nigam (AVANI), India’s leading producer of armoured platforms, is looking to expand internationally and is scouting for partners to market its products overseas. The company is targeting Africa, West Asia, Central Asia, and Southeast Asia for potential channel partnerships to export its vehicles, spare parts, and maintenance support.AVANI manufactures key defence platforms, including […]
‘Engaging discussion’: Commerce minister Piyush Goyal meets Airbus chairman, board members; investment, collaboration in focus
Piyush Goyal meets Airbus board led by chairman René Obermann to India NEW DELHI: Commerce and Industry Minister Piyush Goyal conducted meetings with Airbus Board members, headed by Chairman Rene Obermann, discussing investment prospects and related matters in India.“Welcomed the @Airbus Board, led by their Chairman, Mr. René Obermann to India. We had an engaging […]