Author: TI Editor

The slowdown for L&T Technology Services Ltd (LTTS), KPIT Technologies Ltd, Cyient Ltd, and Tata Elxsi Ltd, as per a Mint analysis, is the latest setback for India’s $254 billion IT services sector. The ER&D space, where companies design and build technologies and products for carmakers, grew 7.4% to end with $43 billion in revenue in the year ended March 2024, according to the National Association of Software and Service Companies. ER&D’s growth was almost double that of overall IT services, which expanded 3.8%, the slowest pace since the pandemic.   Revenue at LTTS increased 6.4% to $914 million in…

Acquiring a business loan stands as the potential key element that enables your organization to grow upward. The essentiality of capital access helps business owners achieve their aims of operation expansion and cash flow management and equipment purchase.Preventable mistakes prevent numerous organizations from obtaining eligible financial requirements for business loans. The article gives practical steps which enhance your opportunity to secure business financing.Business loanBusiness loans serve to fulfil corporate needs without targeting individual members of society. A business loan exists when companies borrow funds from banking institutions or credit unions alongside internet lenders to repay the amount in portions with…

Mumbai has reported its first case of Guillain-Barré Syndrome (GBS) amid a rise in cases in the neighbouring city of Pune. A 64-year-old woman has been infected, confirmed Brihanmumbai Municipal Corporation (BMC) officials. Talking to PTI, BMC’s commissioner and its state-appointed administrator Bhushan Gagrani confirmed that the 64-year-old female GBS patient was currently undergoing treatment in the Intensive Care Unit (ICU) of a civic-run hospital.BMC officials said the woman, who resides in the Andheri East area of the city, was hospitalised with a history of fever and diarrhoea that was followed by ascending paralysis. Further details about the patient are awaited.The…

State-owned Bank of India (BOI) on Friday reported a fraud of ₹226.84 crore by Odisha-based Gupta Power Infrastructure Ltd to the Reserve Bank.The bank has informed that Non Performing Asset (NPA) of Gupta Power Infrastructure Ltd has been declared as fraud, BoI said in a regulatory filing.Against the outstanding amount of ₹226.84 crore, the bank has made provisions of ₹212.62 crore in case of Gupta Power Infrastructure Ltd, it said.For the third quarter ended December 2024, BoI posted a 35 per cent jump in net profit to ₹2,517 crore against ₹1,870 crore in the year-ago period.The lenders’ total income increased…

Australia has banned all DeepSeek AI services from government systems and devices, citing national security risks. The decision makes Australia one of the first nations to take direct action against the Chinese artificial intelligence start-up, which has rapidly gained global attention.Home Affairs Minister Tony Burke announced the ban on Tuesday, stating that all DeepSeek products, applications, and services would be removed from government systems with immediate effect. The move follows an assessment by Australian intelligence agencies, which determined that the AI technology posed an unacceptable risk.DeepSeek, founded in Hangzhou just 20 months ago, made headlines in January with its AI…

Apple has introduced the iPhone 16e, the latest addition to its iPhone lineup, believed to be the next iteration of the iPhone SE. However, fans are disappointed as the base variant is priced at a hefty ₹59,999 in India, steering away from the SE series’ reputation as an affordable iPhone. If you are looking for a budget-friendly device with mid-to-premium specifications, you might want to skip the iPhone 16e and explore these Android alternatives instead.OnePlus 13RThe OnePlus 13R features a 6.77-inch ProXDR LTPO AMOLED display with a 120Hz refresh rate, a peak brightness of up to 4500 nits, and a…

Google is close to deciding on locations in India, where it will open its first physical retail stores outside the US. According to news agency Reuters, Google counts India as a key growth market and has committed to investing $10 billion. The software tech giant currently has only five physical stores, all based in the US, where it sells products such as Pixel phones, watches, and earbuds.Google aims to mirror the retail approach that helped Apple Inc. rake in billions of dollars in the last two decades by showcasing its own products. Apple has 500+ stores worldwide. Google is in…

This caught the attention of proxy advisory firms, who are questioning the overall role of independent directors and if they could have intervened to limit AGS’ cash crisis, which impacted cash dispensers of some of India’s top domestic banks. AGS, India’s second-largest manager of ATMs, had a total board strength of eight directors before the latest resignations. It currently has three executive directors and one non-independent non-executive director. “This raises two issues,” said Amit Tandon, founder and managing director at Institutional Investor Advisory Services (IiAS), a proxy advisory firm. “The first is for regulators. In the past, the corporate veil…

A high credit score offers much more than numerical value because it functions as a gate to better financial prospects together with financial independence. Credit scores determine approval rates on loans together with interest rates and prices of property rentals and potential job availability. Acquire financial stability by understanding the fundamental procedures which will help you maintain a high credit score. This article demonstrates the cycle of good credit score.Credit scoreThe numeric value of your credit score demonstrates your financial reliability from handling borrowed funds properly. A combination of payment history, existing debt, duration of credit history, credit kinds used…

THE last commercial supersonic flight was BA002, from New York to London, on October 24th 2003. Blake Scholl, boss of Boom Supersonic, in Denver, hopes people will not have to wait another two decades for the next. Boom’s putative Concorde replacement, Overture, which is intended to carry 64-80 passengers (Concorde carried 100), has not yet been built. But on January 28th XB-1, a one-third-scale demonstrator that the firm is using to test its airframe technology, broke the sound barrier for the first time. This 34-minute flight, the culmination of 11 previous subsonic ones, took off from Mojave Air and Space…