Business updates

Business updates

Coforge to acquire US-based AI firm Encora in $2.35-billion, share-swap deal

The Coforge-Encora deal is a “defining moment” that establishes a “scaled AI-led engineering capability moat” for the Noida-based firm, CEO Sudhir Singh says.>

Why your smartphone will get costlier and ‘dumber’

Every silicon wafer used to build a brain for an AI supercomputer is a wafer denied to your next Android phone or Dell laptop.>

Indian railway stocks surge as fare hikes, pre-budget optimism trim 2025 losses

IRFC, RVNL, RailTel and IRCTC are surging in trade of late. Here is why railway stocks are rising ahead of Budget 2026, driven by fare hikes and capex hopes.>

Family Offices Have Become the New Power Players on Wall Street

Wealthy families are launching offices to manage their money at a record clip and are increasingly getting a seat at the table in significant deals.>

Gold, silver on a tear amid safe-haven demand stemming from Venezuela risks

While silver rates in India jumped to ₹2.32 lakh per kg, gold prices neared ₹1.40 lakh per 10 gm on the Multi Commodity Exchange (MCX).>

No ‘Santa Rally’ as Sensex, Nifty 50 fall 0.25% after Christmas Day break

Both Nifty 50 and Sensex hit record highs in November after 14 months, but have remained muted so far in December. Analysts are now focusing on the new year.>

Ola Electric says secured ₹366.78 crore PLI incentives for FY25

The incentive has been sanctioned in accordance with the applicable terms and conditions of the PLI-Auto Scheme>

Zepto said to file confidential draft IPO papers today for 2026 listing

If the listing goes through, Zepto will join its rivals Zomato and Swiggy, both of which are already listed on the exchanges.>

India to assume chair of global diamond watchdog Kimberley Process from Jan 1

The KP chair oversees the implementation of the Kimberley Process Certification Scheme and operations of the working groups, committees and administration.>

The tariffs that nearly stole Christmas

Mr Trump insists that foreigners will pay the tariffs, not Americans. Then he contradicts himself: “Maybe the children will have two dolls instead of 30.”>

Credits : HTimes