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Who sank Russian cargo ship Ursa Major, was NATO involved, and was it torpedoed? Reports explain mystery, ship's route, nuclear cargo claims and US aircraft presenceWho sank Russian cargo ship Ursa Major, was NATO involved, and was it torpedoed? This explainer covers the sinking of the Ursa Major near S...- Bad weather, sanctions drive more ship-to-ship transfers of Russian oil products, data showsRussia is boosting oil product exports using ship-to-ship transfers. This method helps overcome a shortage of suitable tankers. Western san...
- CVC Capital Partners leads race to buy ValueLabs at $1–1.2 billion valuationCVC has an exclusivity agreement with ValueLabs, founded in 1997 by Arjun Rao Donakanti (87% owner). Promoters may retain 15–20% and manage...
- RBI's overseas reserves deployment income up 52% in June quarterThe Reserve Bank of India's income from reserve assets surged 52% to $4.1 billion in the June quarter, driven by higher returns on bonds an...
- Diversifying Forex Reserves: RBI bought gold sold securities in AprilThe value of India’s – essentially the Reserve Bank of India’s – US treasury securities dipped $ 7.1 billion in April to take the value of ...
- Oil slips as economic concerns eclipse geopolitical tensionsThe geopolitical tensions have been eclipsed by persistent concerns over China's stuttering economic recovery, which has in turn raised wor...
- Russia plans deep March oil export cuts: SourcesRussia's Energy ministry declined to comment. Russia's pipeline monopoly Transneft did not immediately respond to a Reuters request for com...
- Amid headwinds, Do kwon standing against all odds to revive TerraTerra's ecosystem has imploded as terraUSD (UST) algorithmic stablecoin was dragged from $1 earlier this month. This had also jittered the ...
- Crypto Crash: Stablecoin’s collapse deals another blow to Indian investorsThe algorithmic stable coin is supposed to maintain a one-to-one peg against the US dollar but slumped nearly to $.26 to the dollar on Wedn...
- War on Terra: how 'stablecoins' clobbered crypto this weekBillions were wiped off cryptocurrency markets this week. Bitcoin dropped below $30,000 on Monday and crashed further to $28,000 on Thursda...
- 'Depegged' TerraUSD butchered LUNA; Terra plunged 97% in a monthThe token, which dropped 55 per cent on Tuesday, eroded another 85 per cent on Wednesday. In the last couple of days, it has wiped out abou...
- Indian IT staff on short-term roles in UK face hardships as projects dry upMany from India's IT majors who had travelled to client locations on business and work visas, got stranded.
- UST Global to set up cyber centre in Thiruvananthapuram“It will be a world-class security operating centre and it can monitor all the things required for the Central and state governments,” CEO ...
- IT company UST Global to invest $100 million, hire 25,000 people in IndiaUST Global provides consulting, business process outsourcing, system integration, application development and maintenance services.
- Technopark to add 45,000 new jobs by 2016Technopark, the first and the largest IT park in the country, has charted out an ambitious target of creating 45,000 new jobs during the pe...
- The time for ideologies is past, says Vicente Fox, former president of Mexico“Ideologies are a thing of the past. Today, we have to be pragmatic and think about how to best help people and countries progress.”
- Hexaware, MindTree, UST Global, Syntel and Tech Mahindra raking in more money from large clients like Airbus, American Express and Walmart for bigger gainsSmall IT service firms are mining more from their major offshore clients like Airbus, American Express and Walmart as they move back to top...
- Off-shoring mix-ups due to cultural issues, says analystOff-shore outsourcing on a global scale may be the flavour of the times, but the potholes in this domain are often a result of cultural iss...
- India seen to pack punch as IT turns less geekyIn the first wave of a global IT advancement labour arbitrage may have played a prominent role.
- Work force quality now crucial for tech firmsQuality workforce appears to be the only differentiator that could win customers for IT cos. Top 20 IT Exporters | Top 15 BPOs | 10 trends ...
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