Turning tide: NHAI hits fast lane in arbitration on stricter monitoring NEW DELHI: NHAI, which handles the highest number of arbitration cases among govt agencies, seems to have seen its fortune change in some recent outcomes due to a greater focus on quality of arbitrators, stricter monitoring of cases and use of AI. Last week,…
Persistent bids to buy German company for $1.3 billion BENGALURU: In one of the largest cross-border acquisitions by an Indian IT services company, Persistent Systems has launched an all-cash bid to acquire Germany’s Nagarro for about $1.3 billion, reports Shilpa Phadnis. This transaction could create a $2.9-billion digital engineering and AI powerhouse with more than…
Commerce and Industry minister Piyush Goyal is leading a business delegation to Greece as India seeks to deepen bilateral trade, investment and startup collaboration between the two countries. Commerce minister Piyush Goyal is leading a business delegation to Greece as India seeks to deepen bilateral trade, investment and startup collaboration between the two countries, PTI…
As the new trading week begins, investors are set to focus on a mix of domestic economic indicators and global developments, with geopolitical tensions in the Middle East.Geopolitical developments, crude oil prices and a packed domestic economic calendar are expected to steer stock market sentiment this week, with investors closely tracking the fallout from the…
The US economy saw both good and bad news this week. Economic growth beat expectations and layoffs stayed low. At the same time, inflation continued to make daily life more expensive with consumers struggling with higher fuel prices, costlier electronics and rising mortgage rates.The latest figures showed inflation accelerating and consumer spending slowing, even as…
Iran’s annual inflation rate surged to 88.6% in June, the highest in recent months, as the Middle East war intensified pressure on an economy already struggling with sanctions and years of hyperinflation. Iran’s annual inflation rate surged to 88.6% in June, the highest in recent months, as the Middle East war intensified pressure on an…
Kotak Mahindra Bank CEO Ashok Vaswani to step down after term ends; lender begins succession search Kotak Mahindra Bank on Saturday said its Managing Director and Chief Executive Officer Ashok Vaswani will not seek reappointment after his current term ends on December 31, 2026, citing personal reasons, prompting the private sector lender to begin the…
The AI investment boom is “generating tremendous valuations” for companies in US stock markets and countries such as South Korea, creating a wealth effect that could add to price pressures, Gourinchas said in an interview with Bloomberg News. Artificial intelligence (AI) could fuel inflation not only by pushing up the cost of semiconductors and technology…
GTRI has urged the Department for Promotion of Industry and Internal Trade (DPIIT) to issue detailed operational guidelines for the government’s newly notified quality certification mechanism, saying the success of the reform will depend on transparent implementation Trade policy think tank Global Trade Research Initiative (GTRI) has urged the Department for Promotion of Industry and…
According to the report, India’s MSME credit gap stood at around Rs 25 lakh crore as of March 2025. India’s digital payments ecosystem may be among the world’s most advanced, but millions of small businesses continue to struggle for access to formal finance, with only 14 per cent of micro, small and medium enterprises (MSMEs)…