Accenture (Photo: Wikimedia commons) 3 min read Last Updated : Jul 08 2024 | 7:26 PM IST In its first acquisition in India in the silicon design space, IT consulting and services major Accenture announced the acquisition of Bengaluru-based Excelmax Technologies. The financial details of the acquisition were not disclosed. The acquisition enhances Accenture’s growing…
Defense pact with the Philippines, which includes live-fire drills, is the first to be forged by Japan in Asia | Photo: DND Philippines 4 min read Last Updated : Jul 08 2024 | 7:23 PM IST Japan and the Philippines signed a key defence pact on Monday allowing the deployment of Japanese forces for joint…
Increased sale of Unit Linked Insurance Plans (ULIPs) is set to weigh on the margins of listed life insurance companies in June quarter of FY25 (Q1FY25) despite higher premium accumulation on a favourable base. A buoyant equity market has led to an increase in sales of ULIPs, driving the growth in Annualized Premium Equivalent (APE)…
2 min read Last Updated : Jul 08 2024 | 7:16 PM IST Omnichannel payments company Razorpay on Monday said it had secured an order from the Delhi High Court mandating social media platforms to suspend accounts infringing the firm’s trademarks and conducting fraudulent activities. The Bengaluru-based company said it had received a John Doe…
Sri Lanka finalised an IMF program with the global lender last March, pledging to reform its economy to emerge from its worst financial crisis in decades. 1 min read Last Updated : Jul 08 2024 | 7:14 PM IST Vitol Asia and Bharat Petroleum are among eight bidders for Sri Lanka’s state-run LPG company and…
Ahead of PM Modi’s visit, the Indian diaspora on Monday expressed enthusiasm to welcome PM Modi. 5 min read Last Updated : Jul 08 2024 | 7:16 PM IST Upon arrival in Russia’s Moscow, Prime Minister Narendra Modi accorded Guard of Honour at VNUKOVO-II International Airport. Russia’s First Deputy PM Denis Manturov received PM Modi…
2 min read Last Updated : Jul 08 2024 | 7:20 PM IST The board of directors of CG Power and Industrial Solutions (CG Power) has selected Amar Kaul as the next managing director (MD) and chief executive officer (CEO) for a period of five years beginning July 25 this year. The board was engaged…
According to PLFS and RBI’s KLEMS data, India has generated more than 8 crore (80 million) employment opportunities from 2017-18 to 2021-22. Photo: Bloomberg 4 min read Last Updated : Jul 08 2024 | 7:10 PM IST The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to…
1 min read Last Updated : Jul 08 2024 | 7:09 PM IST Passive funds benchmarked to 21 indices will be allowed a higher 35 per cent group-level exposure, the market regulator Sebi said in a circular on Monday. For other indices, the group-level exposure will be capped at 25 per cent. The regulator said…
3 min read Last Updated : Jul 08 2024 | 10:51 PM IST Fintech major MobiKwik’s PPI (prepaid payment instrument) wallets have seen their market share expand to about 12.11 per cent in May, up from 9.3 per cent in January, in terms of total number wallets. The Gurugram-based company saw this surge and expanded…