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Persistent Systems shares slide 10% after Nagarro deal; Elara retains 'Sell' on growth, margin worriesPersistent Systems' shares dropped significantly following its announcement to acquire German digital engineering firm Nagarro for approxim...- On This Day in History, June 27: World's first ATM installed, Peter the Great wins at Poltava, Atari founded, Djibouti gains independence, first colour TV demo and moreOn This Day in History, June 27, history spans military victories, political change, scientific innovation and technological breakthroughs....
- Mastercard Move: Who is strategising at Mastercard to eliminate pain points and make money move globally effortlessly?International payments have traditionally been slow, less transparent, and expensive. With growing expectations of better, seamless payment...
- Brexit at 10: How Britain's financial sector recovered and evolvedPost-Brexit, London's financial landscape has witnessed a decline in its global market influence and workforce numbers. While some position...
- Canada's Nuvei to buy Payoneer for $2.75 billion in cross-border payments pushCanadian fintech Nuvei is set to acquire cross-border payments company Payoneer for approximately $2.75 billion. This strategic move aims t...
- Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutralThe Reserve Bank of India has introduced measures to boost foreign currency inflows, including incentives for external commercial borrowing...
- Epstein files reveal ongoing ties with this one wealth managerDespite the allegations surrounding Jeffrey Epstein, Bank of America wealth adviser Paul V. Morris maintained connections with Epstein for ...
- Vedanta Resources looking to rejig $5.5 bn holdco debt in one goAnil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-...
- Inside India’s biggest banking and financial services tech hubsStandard Chartered plans to cut over 7,000 jobs in four years, replacing human capital with technology, particularly impacting back-office ...
- Cerebras targets $26.6 billion valuation in US IPO as AI chip demand surgesChipmaker Cerebras is aiming for a significant valuation in its US initial public offering. The company's advanced AI chips are in high dem...
- OpenAI breaks off Microsoft exclusivity, Amazon CEO says OpenAI models coming to AWS soonMicrosoft's exclusive hold on OpenAI's artificial intelligence models is over. This change allows OpenAI to offer its technology to competi...
- Lloyds pilots AI investment guidance tool as UK regulator studies impactLloyds Banking Group is the first UK lender to pilot an AI tool for investment guidance. This initiative aims to help customers navigate in...
- Deutsche Bank CEO says 'everyone' trying to access Anthropic's Mythos as global regulators review risksDeutsche Bank CEO Christian Sewing said on Monday that banks were in close contact with European watchdogs about Anthropic's Mythos as regu...
- Public sector banks told to take quantum leap in encryption for added securityIndian banks are preparing for a quantum computing future. The finance ministry has asked public sector banks to explore quantum-resistant ...
- NBA appoints Sunny Malik as India Country Head to drive market growthThe NBA has appointed Sunny Malik as its Country Head for India. Malik will now lead the league's strategy and operations in the country. T...
- Is Anthropic's Mythos AI too powerful? Bankers and ministers get into a huddle and raise concerns - key points to knowAnthropic Mythos financial system risk: Global finance leaders are discussing Anthropic's new AI model, Claude Mythos. This advanced AI can...
- UK fines Barclays $56 million for lapses in financial crime controlBarclays faced a hefty fine from Britain's financial regulator. The penalty is due to lapses in evaluating money laundering risks. These la...
- Barclays to launch 'Rise in Mumbai' with coworking space 91springboardThe new site will be the fifth ‘Rise site, after London, Manchester, New York, Cape Town and soon-to-be-open Tel Aviv location.
- China’s Haitong bank to give Espirito Santo a new lookCalling themselves the emerging market specialists, Haitong wants to increase its presence in emerging markets and fill the gaps left by th...
- Barclays sets a price target of Rs 540 for Kotak Mahindra BankBarclays has initiated coverage on Kotak Mahindra Bank with a price target of Rs 540, implying a potential 7% downside from Friday's closin...
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