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This week IT engineering services provider L&T Tech Services signed an agreement to acquire California-based Intelliswift for a total consideration of $110 million. Amit Chadha, the company’s chief executive and managing director, told ET that the firm plans to double the revenue of the acquired company (whose annual revenue is about $100 million) in the next three years. While half of Intelliswift’s revenue comes from high tech, the rest comes from fintech and retail, along with the private equity channel. Persistent Systems in September said it was acquiring select assets from SoHo Dragon for $4.7 million. SoHo Dragon is a Wall Street-based consulting and staffing firm primarily in the business of providing IT services to BFSI customers. The Pune based firm said at the time, “The acquisition of the select assets will help in consolidating the relationship with a strategic and large customer in the BFSI domain.”

Siemens AG is aiming to tap the AI data centres opportunity in India that has created a need for sustainable electrification and cooling solutions, a senior executive said. “Data centres are growing significantly, double-digit around the world,” Peter Koerte, member of the managing board, Chief Technology Officer, and Chief Strategy Officer at Siemens AG told ET. “The good news for us is being an outfitter of data centres, all the electrification comes pretty much from two or three companies. And so, investors would argue that we and Schneider are the ones that stand to benefit the most.”

GPU) access in India, particularly in the realm of cloud computing and artificial intelligence (AI) infrastructure, according to industry executives and experts. Neysa Velocis, Mumbai-based Neysa’s flagship platform, helps scale up AI projects using GPU infrastructure and has a diverse inventory of thousands of GPUs. Indore-based NeevCloud is a recent entrant with plans to deploy 40,000 GPUs, aiming to provide affordable and accessible GPU resources to AI researchers and developers. Bengaluru-based Jarvis Labs has access to more than 1,000 GPUs through partners and also has its own capacity in the country.

venture capital firm, has made the final close of its Pavestone Technology Fund, securing a total corpus of Rs 816 crore. The firm, which initially targeted raising Rs 600 crore, raised the corpus twice through the green shoe option, eventually revising it to Rs 900 crore. Through this fund, Pavestone plans to invest in 14-15 early growth-stage business-to-business (B2B) technology companies with an average cheque size of $5-10 million.

NSE opted to scrap the Nifty Bank weekly contracts and chose to retain Nifty's. The cut-off date set by the regulator to discontinue weekly derivative contracts is November 20.

Burman family to acquire Religare Broking, the broking arm of the holding company Religare Enterprises (REL). The move is a part of the open offer for REL launched by entities controlled by the Burman Family and comes after a nod from the competition regulator and the insurance watchdog.

The decision of the companies will depend on final guidelines, or standard operating procedures, of the policy that the government is expected to announce in the next three to four months, the people said. The Scheme to Promote Manufacturing of Electric Passenger Cars in India was unveiled in March, this year.

CFM ARC has emerged as the winning bidder for defunct Carnival Cinemas. This follows CFM offering ₹78 crore to take over Carnival's ₹1,290 crore debt from rival JC Flowers ARC, which did not get any challenging bid by the October 31 deadline, people familiar with the matter said.

Swiggy on Wednesday listed at a 5.6% premium to its initial public offer (IPO) price of ₹390, making it the first company with issue size of over ₹10,000 crore in the past decade to have listed above the offer price. The stock closed 17% above its issue price at ₹455.95 in a weak market, surpassing analysts' expectations of a tepid debut. The company's market capitalisation at close on Wednesday was ₹1.02 lakh crore.

Subscribe to enjoy similar stories. The consumer price index (CPI)—or retail inflation—surged in October to 6.2%, breaching the Reserve Bank of India’s (RBI) upper tolerance limit. Mint looks at what caused this spike, its expected trajectory in the coming months and what it means for interest rates.

Subscribe to enjoy similar stories. New Delhi: India’s competition watchdog may knock on the doors of the country’s top court in an anti-trust case involving e-commerce majors Amazon and Flipkart, and some sellers on their platforms, two persons aware of the development said. The Competition Commission of India (CCI) is considering moving the Supreme Court to transfer to it more than a dozen writ petitions filed by these sellers in the high courts of Karnataka, Telangana, Madras and Kolkata.

Pandit Jawaharlal Nehru. Nehru, fondly known as «Chacha Nehru» by children, strongly advocated for children's education and development. He believed they were crucial to India's future. After his death in 1964, the Indian Parliament declared his birthday as Children's Day, replacing the UN's Universal Children's Day on November 20th. Children's Day serves as a reminder of the importance of providing a safe and fulfilling childhood for all children, regardless of background. This includes access to basic necessities like shelter, education, healthcare, and sanitation.

The tension stems from both men's overwhelming need for attention. Swisher noted that Elon Musk needs a lot of attention and Trump would be irritated by that. She also compared Musk's petulance to that of Trump, saying, that she does not think Trump’s going to like the attention that Elon is going to grab for himself. Also Read: Newlywed’s nightmare: Bride and groom walk up to an empty venue; couple heartbroken as incident goes viral on social media, what went wrong?

Melania Trump has skipped a meeting with Jill Biden, while their husbands held a traditional meeting at the White House on Wednesday. Two hours before US President-elect Donald Trump and President Joe Biden were to meet, the office of Melania Trump said in an X post, «Mrs Trump will not be attending today's meeting at the White House.» «Her husband's return to the Oval Office to commence the transition process is encouraging, and she wishes him great success,» it said. Her office did not give a reason for her not taking up First Lady Jill Biden's invitation for tea.

Mars. Elsa Thora, a model, asked Elon Musk to help her become the first space mother, saying she would like to be the Adam and Eve of Mars. The risqué model has changed her goal posts to a new, more bizarre aspiration after expressing her desire to be the first person to make love in space, as quoted in a report by the Daily Star. Swedish OnlyFans star Elsa Thora, who lives in the UK, has stated that she wants to be the first person to give birth on Mars in order to contribute to the planet's population, and she needs Elon Musk's assistance to accomplish this.

Elon Musk has become a prominent figure in US President- elect Donald Trump's post-election activities while he is pretty frequently visiting Mar-a-Lago and engaging quite closely with Donald Trump and everyone. According to DailyBeast, Elon Musk has been dining with Donald Trump and his family while also participating in discussions with world leaders and influencing staffing decisions for the upcoming administration. DailyBeast reported that in spite of not holding an official position, Elon Musk's presence has raised eyebrows among Donald Trump's transition team while Elon Musk is being perceived as the ‘guest who wouldn’t leave’. Also Read: Silo Season 2: Check out release date, time, where to watch, episode schedule, plot and cast

ED) arrested four persons, including two Bangladeshi nationals, during the last 24 hours in connection with money laundering case and illegal Bangladeshi Infiltration case for facilitating illegal infiltration and human trafficking in India. They all have been arrested in Kolkata and ED is taking transit remand to bring them to Ranchi in Jharkhand. The two Bangladeshi nationals arrested were Rony Mondal and Sameer Chowdhary while two Indian nationals were Pintu Haldar and Pinki Basu Mukherjee in connection with Bangladeshi Infiltration case for facilitating illegal infiltration and human trafficking in India. While Mondal, Chowdhary and Halder were arrested on Tuesday, Basu was arrested on Tuesday.

Black Ops 6 and Warzone Season 1 Battle Pass is set for November 14, 2024. This pass is available for Season 1.

Ricky Ponting and his longtime teammate Justin Langer could potentially miss out commentating on the opening Test against India at Perth, starting November 22, due to commitments with their respective IPL teams for the mega auctions in Saudi Arabia's Jeddah on November 24 and 25. According to Australian newspaper 'The Age', «Channel Seven could be without Ricky Ponting and Justin Langer for parts of the Perth Test due to a clash of commitments, and Australia may lose a vital backroom coach for the start of the blockbuster Border-Gavaskar series in a potential stand-off with Indian cricket.» Ponting, who has been appointed the head coach of Punjab Kings and Langer, who will be in his second season with Lucknow Super Giants, could be present at the IPL auction table for their respective franchises along with Australian team assistant coach Daniel Vettori, who is in-charge of Sunrisers Hyderabad.

Indian Railways has fast-tracked deployment of automatic train protection (ATP) system Kavach on a fifth of its network, with contracts for installing the system on 10,000 locomotives and 1,105 route kilometres (RKM) of tracks set to be awarded this month, said officials. The national transporter has also thrown its weight behind a 2030 Kavach Rollout Plan that targets manifold ramp-up of installed capacity, they said. «Bids have been invited for 14,735 RKM while over 1,500 RKM of Kavach is operational. Work is also underway on 3,000 RKM of tracks for Kavach deployment,» said a senior official, who did not wish to be identified.