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Tata Consultancy Services (TCS) on Tuesday said it will make a provision of $125 million in its third-quarter results in relation to a trade secret lawsuit filed by U.S.-based Epic Systems. Epic had filed the lawsuit against TCS in 2014, alleging the information technology (IT) services provider stole its intellectual property while it was contracted to implement Epic's healthcare software.

OneWeb has been granted the necessary regulatory approvals from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to launch commercial broadband services in India. OneWeb, which has recently completed a merger with France’s Eutelsat, has become the first entity in India to be granted the approval from IN-SPACe. With approval from IN-SPACe, the Eutelsat OneWeb has secured all the necessary permissions and now needs spectrum allocation from the Department of Telecommunications (DoT) to commence commercial connectivity services. IN-SPACe is the agency of the Government of India, responsible for regulating space activities and granting authorisation for conducting the space activities in the country. Bharti Group Chairman and Vice-President (Co-Chair) of the Board of Directors of Eutelsat Group, Sunil Bharti Mittal, said Eutelsat OneWeb is ready to deploy as soon as it receives the final spectrum authorization to launch commercial services. Any entity which wants to offer satcom services in India must get approvals from IN-SPACe, a global mobile personal communication by satellite services (GMPCS) licence and spectrum from the DoT.

TruCap Finance is aiming to achieve a gold loan AUM (asset under management) of Rs 700 crore in the current financial year through expanding its business in tier 3 and tier 4 cities, which are largely underserved by the formal credit channels. TruCap has witnessed the maximum growth in MSME gold loan business in tier 3 and tier 4 cities with women borrowers in the age group of 31-40 years being one of their biggest customers. The growth in disbursal has been 108 percent till June 2023 as compared to the same period last year with 42% addition in new borrowers. Underlining its commitment to nurturing talent, TruCap has implemented a fast-track talent development program.

COPENHAGEN (Reuters) — A group of U.S. pension plans has lost a bid to block Denmark's tax agency from pursuing millions of dollars from them in a «cum-ex» tax fraud case after a judge in a New York district court ruled the trial could proceed.

A look at the day ahead in U.S. and global markets from Mike Dolan

Quess Corp, IT staffing and business solutions provider has said. Within development, skill set which saw a surge of 36% in demand for developers proficient in over 100 technical proficiencies. “Mature skills like Java and .NET continued to dominate, with high demand in the banking, consulting, technology, telecom and automotive sectors.

Systematic Lump Sum Withdrawal (SLW) from National Pension System (NPS) account may be extended up to 100 per cent so that the funds may remain under the NPS corpus for a longer tenure, PFRDA chairperson Dr Deepak Mohanty said at the NPS Chintan Shivir on Monday (Nov 20).

KPMG LLP, a multinational audit, tax and advisory firm, has further expanded its presence in India with the opening of a new global delivery centre office in Kolkata. The new office, equipped with state-of-the-art facilities and collaboration spaces, will accommodate a growing team of professionals, a statement said. KPMG currently has over 250 professionals in Kolkata and has ambitious plans to double its workforce by FY'25, it added. This expansion reflects the firm's recognition of Kolkata's vibrant talent pool and its strategic importance to KPMG's growth strategy, the firm said. «The professionals in Kolkata are joining a team of individuals developing critical skills that support the audit today and the more data-driven audit we are driving towards,» said KPMG U.S.

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₹9,000 crore, as per a CNBC-TV18 report citing sources. The notice reportedly encompasses Byju Raveendran, the founder of Byju's, and Think and Learn Pvt Ltd. The ED's move comes after an inquiry into potential FEMA violations by the ed-tech unicorn, it added.

how to plan your taxes and why is it important If you still haven't had a chance to understand the two regimes (new tax regime, old tax regime), now is a good time to see which one would work best for you. If you have income up to ₹7 lakh then the new tax regime is better, as there is no tax up to ₹7 lakh and additionally, there is a standard deduction of ₹50,000 in the new tax regime.

₹719.90 apiece. This boost followed the Ministry of Railways (Railway Board) granting approval to the company to engage in long-term tenders spanning 7 years (comprising an initial term of 5 years with the potential for an additional 2 years based on satisfactory performance) through clustering of trains.

Senator Cynthia Lummis has criticized the Securities and Exchange Commission (SEC) for its current approach to cryptocurrency regulation.

Apple is facing a class-action lawsuit that alleges the tech giant has engaged in a conspiracy to limit peer-to-peer payment options on its devices and block the integration of crypto technology in iOS payment apps.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com .

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Leading and emerging banks, fintech companies and some of Australia’s most iconic consumer brands are implementing AI-powered technology to revolutionise their customer engagement and lending offerings. Upon pairing this technology with human nous, explainable AI helps deliver great customer service and meet regulatory obligations while providing a competitive edge.

Boult expects dependence on the Chinese supply chain is set to decline sharply as component manufacturing picks up pace in India, with local value addition around 15% compared with zero in early 2022. Boult cofounder Tarun Gupta told ET that this has been the trend since the Make-in-India initiative kicked off. To be sure, while some components such as batteries are sourced locally, most of the component supply chain is still in China. “Before early 2022, virtually everything was coming from China,” Gupta said.

wages increase by 7.2% on average in 2022 compared with 7% for women, according to a new report. Globally, the paycheque increase was 6.7% on average for men compared with 6% for women, says the ‘ADP Research Institute's People at Work 2023: A Global Workforce View’ report. The report, based on a survey of more than 32,000 workers across 17 countries, shows that the gender pay gap in India was lower than the global average. It says male and female workers in India expect their pay cheques to increase at the same rate-- 8%--over the next 12 months. Some 63% of the Indian survey participants expressed confidence in their company's advancement toward achieving gender pay equality over the last three years. This surpasses countries in the Asia-Pacific (APAC) region, with Australia at 34%, China at 51% and Singapore at 31%. While men received slightly higher pay raises last year, they are still more inclined than women to express dissatisfaction with their compensation.

Congress leader Sachin Pilot has said that the manifesto released by the party on Tuesday for Rajasthan Assembly elections is «really good» as all the sections of the society of the state have been taken care of. Speaking to the reporters after the launch of the manifesto, the Congress leader said that the people of Rajasthan trust the promises made by the grand old party that will pave the way for it to form the government. «This is a really good manifesto. All categories have been taken care of.