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Sonata Software has pushed its $1.5 billion revenue target by a year to fiscal 2027, its top executive told ET. This indicates the slowdown in technology demand is also impacting mid-sized outsourcing firms which have been growing faster than their larger rivals like Tata Consultancy Services, Infosys, HCLTech and Wipro. “We have called out that we want to be $1.5 billion revenue by FY27. That's our long-term goal. Given the market condition, we diluted it (from earlier target of achieving it by FY26 ending March 2026) by 2-4 quarters now,” managing director and chief executive Samir Dhir said.

Central Board of Indirect taxes and Customs has asked field officials to take into account its June 26 circular when considering matters about related party import of services by local entities, people familiar with the development said. The move could provide relief to Infosys and other tech companies facing the threat of massive goods and services tax (GST) demands. As per the circular, if a related domestic entity has not issued an invoice for a service provided by its foreign affiliate, the cost of such services is deemed to be nil. Such services would, therefore, not attract any GST. On July 30, Bengaluru-headquartered tech firm Infosys received a Rs 32,403 crore pre-show cause notice from the Directorate General of GST Intelligence (DGGI) for “non-payment of Integrated GST on import of services” from its foreign branches for the period July 2017, when GST was rolled out, to the FY22.

bike accident involving his 20-year-old son Pax Jolie-Pitt is said to be causing Brad Pitt great distress. Knowing that he hasn't been able to get in touch with Pax since the incident, which happened when Pax's E-bike crashed into a car in Los Angeles, Pitt is feeling sad and helpless, as per the reports of Yahoo entertainment. Sources claim that Brad Pitt is upset about not being able to reach Pax and is heartbroken to learn about his accident. Particularly since the backlash from the 2016 domestic abuse incident involving Pitt and Angelina Jolie on a private jet, the connection between Pax and Pitt has been difficult. Due to the continuous conflict, Pitt has reportedly had trouble connecting with his kids, who don't return his calls. According to reports, the actor is especially concerned by Pax's not wearing a helmet while riding an E-bike, which Pitt feels could have been prevented if Pax had been in a car.

Stocks that traded heavily or had substantial price changes on Friday: Snap, Celanese fall; DoorDash, Clorox rise

Japan's benchmark Nikkei 225 index has dropped nearly 6% after a broad retreat on Wall Street

Exxon Mobil’s second-quarter profit rose and was its second-highest for the period of the past decade as it achieved record quarterly production from its Permian and Guyana assets

Suits: L.A." moves its production from Vancouver to Los Angeles, marking the beginning of its filming. The legal drama, featuring Stephen Amell, will now be produced in L.A., a Variety report said.

U.S. auto safety regulators are a step closer to seeking a recall of nearly a million Dodge Journey SUVs after a woman was trapped and died in a 2022 vehicle fire

The struggling drugstore chain Walgreens will get about $1.1 billion for selling another slice of its stake in drug distributor Cencora

Ben Affleck recently made headlines. News of his purported split from Jennifer Lopez has prompted this action. As co-parents of five children in a blended family, Affleck and Lopez remain dedicated to their children's welfare despite their personal turmoil. According to insiders who spoke with Life and Style Magazine, Affleck has made his new house a welcoming «policy» for Max and Emme, Lopez's kids. Regardless of the adults' relationship situation, the goal of this technique is to make sure the kids feel content and accepted. According to the insider, Lopez is anticipated to create a similar atmosphere in her future household, as Affleck's house welcomes Emme and Max with open arms, as per the reports of Yahoo entertainment.

Summer Olympics in Paris, Nicole Kidman and Tom Cruise came into close contact, only a few weeks after Kidman made an unusual public statement regarding her collaboration with her former spouse. The actress from Big Little Lies went to the Olympics with her two daughters, Faith Margaret and Sunday Rose, and her current spouse, Keith Urban. Kidman celebrated the Women's Gymnastics team final, when Team USA won the gold medal, with her family on July 30, 2024, as per the reports of Yahoo entertainment. Tom Cruise was present at the Olympic Games as well; on July 28, 2024, he went to the women's gymnastics qualifiers. He was seen yelling encouragement for gymnast Simone Biles. Given their recent history, their presence at the Games coincided closely, suggesting a tight avoidance.

Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation

Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation

Japanese video game maker Nintendo has reported a 55% drop in its profit in the April-June quarter as sales slipped in both machines and game software

A surprising rise in the unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm

Morgan Stanley will allow its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs) to eligible clients, marking a first for major Wall Street banks.

Huntington Private Bank chief economist Olu Omodunbi says the jobs report shows a slowing in the labor market on 'The Claman Countdown.'

Charitable investors who incorporate donor-advised funds into their giving strategy are likely to open their hearts and wallets wider to their favored causes.

Pakistan government on Friday decided to provide financial assistance to the families of missing persons as pressure mounted on authorities to address the issue of forced disappearances in the country. The decision was taken in a meeting of the cabinet which discussed reports of two previous committees set up to investigate the issue of missing persons, Law Minister Azam Nazeer Tarar said at a press conference. He said that families of missing persons face several economic problems and the cabinet decided to provide urgent support to them after due diligence. «A special committee will be formed to determine which families need an immediate support package, after which each [eligible] family will receive Rs 5 million,» Tarar said. «Keep in mind that this is not compensation of any kind, as there is no compensation for a human life,» the law minister clarified, adding that the assistance aimed to help them meet legal and financial challenges.

Tom Cruise, whose very latest 'jumping off a cliff on a bike' stunt from the Mission Impossible series is still fresh in the minds of his fans, is planning for yet another grand stunt, this time during the closing ceremony at the Paris Olympics 2024. This will be a one of a kind live stunt which the viewers will be able to see in real time, making the concept much more enthralling.

Elon Musk recently caused a stir on X (formerly Twitter) by saying that Christianity could disappear if people don't stand up for it more bravely. He made this comment on July 27, soon after speaking with alt-right podcaster Jordan Peterson, where Musk showed strong support for Christian values. His remark came after a controversy about the Paris Olympics, where some claimed the event disrespected Christianity with a diverse interpretation of the Last Supper, as per the reports of Yahoo entertainment. Musk had criticized the Olympic performance, calling it «extremely disrespectful to Christians» in a post from June 26. He also agreed with a comment suggesting that if the performance had mocked Muslims, it would have led to a lot of unrest. However, these claims were incorrect because the performance was actually about the Greek feast of Dionysus, not a twist on the Last Supper.