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Cognizant TriZetto, a unit of Cognizant Technology Solutions, sued Infosys in a US court, accusing the Indian IT service firm of stealing trade secrets related to its healthcare insurance software. This was the latest of developments in the healthcare verticals of India-centric IT services firms that have grabbed headlines in recent months, for positive or negative reasons. In November last year, the US Supreme Court rejected Tata Consultancy Services' appeal against a District Court of Wisconsin verdict, charging $140 million in punitive damages in a case filed by Epic Systems. The US healthcare software company had accused TCS of stealing its intellectual property when the Indian firm was contracted to implement its software.

Biden-Harris administration has provoked controversy by advocating for diversity, equality, and inclusion (DEI) in federal agencies, such as NASA. According to scientists, limiting funding to DEI standards could compromise US scientific leadership and endanger national security, as per the reports of Fox News.

Congress on Sunday claimed that a combination of slow wage growth and «back-breaking» inflation has caused an unprecedented decline in real wages and said that like the "proverbial ostrich", the government continues to remain blind to the most fundamental challenge faced by the Indian economy. Congress general secretary in-charge communications Jairam Ramesh said a new report by a noted brokerage firm has once again shed light on the truth that the Union Government has consistently denied — real household incomes in India are facing a persistent decline. «A combination of slow wage growth and back-breaking inflation has caused an unprecedented decline in real wages (wages adjusted for price rise) and therefore incomes,» he said in a statement. Ramesh pointed out that several surveys and data sets — including the Annual Survey of Unregistered Enterprises (ASUSE), the Reserve Bank of India's KLEMS data, and the Household Consumer Expenditure Survey (HCES) — have demonstrated financial distress among working class Indians.

Minnesota had a half-century-old process for permitting clean energy projects that could keep developers waiting over a year for approval

debt market so far this month, pushing the net inflow tally in the debt segment to over the Rs 1-lakh-crore mark. Foreign investors' strong buying interest in the Indian debt market can be attributed to India's inclusion in JP Morgan's Emerging Market government bond indices in June this year. According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24).

The mRNA revolution continues. Just a few years after mRNA vaccines proved their efficacy against COVID-19, scientists are now turning their attention to lung cancer.

FOX Business’ Edward Lawrence shares highlights from Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium.

This column is part of the eighth annual Heard on the Street stock picking series. Pharmaceutical firm Grifols is wounded. The bleeding can be stopped. Between the time it first listed on Spain’s stock market in 2006 and the onset of the Covid-19 crisis in 2020, the Barcelona-based company outperformed the S&P 500 almost fivefold thanks to its role as a supplier of blood-plasma-based medicines and its geographical diversification.

Canadian real estate investment trusts are primed for a rebound as investors grow more confident in near-term interest rate cuts across North America, according to TD Cowen.

The Department of Atomic Energy and Tata Consulting Engineers are redesigning the PHWRs to develop the Bharat Small Modular Reactor. «We are going to take the old design of the PHWR and then reconfigure and redesign it to be modular, scalable and safety-aligned to post-Fukushima standards,» Amit Sharma, the managing director and CEO of Tata Consulting Engineers, told PTI.

Buy or sell stocks today: The Indian domestic stock market index Nifty closed flat after Friday, August 23's trading session. The index closed 0.05 per cent higher at 24,823.15 points, compared to 24,811.50 points in its previous trading session. The domestic indices closed flat even though the major Asian and European markets were positive.

On 14 August officials at the World Health Organisation classified the outbreak of Mpox as a global health emergency. A new strain of the disease has spread beyond the Democratic Republic of Congo for the first time, to at least 12 other African countries. MPOX IS A viral infection typically found in parts of Africa and spread through contact with infected animals as well as within households. It causes severe fever, flu-like symptoms and a rash of pus-filled blisters across the body.

When the next wave of artificial intelligence arrives, autonomous bots will be able to complete nearly any task humans carry out on their devices. These AI “agents," as they are known, won’t need to interact much with people to get things done. The bots will be able to figure out how to accomplish tasks on their own—booking a flight, ordering groceries online or even playing Cupid—all without you lifting a finger.

While Tim Walz’s disclosed net worth might seem modest compared to other candidates in this year’s presidential election, the 60-year-old VP aspirant is still probably far more financially stable than many retirees.

Employment and Consumer Welfare’ released on Wednesday. The report’s findings are principally based on a panIndia survey of 2,062 online vendors, 2,031 brick-and-mortar vendors, and 8,209 consumers of products from ecommerce websites. It was conducted across 35 cities in 20 states and UTs. The survey itself was guided by a robust methodology and conducted by PRICE (People Research on India’s Consumer Economy). Given the veracity of the survey findings, it would be most useful for policymakers to take cognisance of these empirical findings. One of the most striking takeaway is that the apocalypse narrative of large-scale destruction of kirana stores is rejected by brick-and-mortar vendors themselves. The survey asked vendors if they were aware of any physical stores that had shut down in their vicinity since 2020, and what they thought the contributing reasons were. Less than 20% reported a physical store closure in their neighbourhood since 2020 when the pandemic drove an ecommerce boom. Only 6% of offline vendors attributed these store closures to consumers shifting to online shopping. A slightly higher proportion — 8% — attributed physical store closures to the growth of large organised retail.

United States has emerged as India's top trading partner in January-June this year, while the country has recorded its highest trade deficit of $41.6 billion with China during the period, think tank Global Trade Research Initiative (GTRI) said Friday. India exports goods to 239 countries of which 126 countries showed positive growth in exports. Imports from Russia grew to $34.4 billion from $30.8 billion, a 11.65% increase. It also said the country's merchandise exports rose 5.41% to $230.51 billion during the first half of 2024, led by sectors like iron ore, pharmaceuticals, precious stones, basmati rice, chemicals, and smartphones.

Union telecom minister Jyotiraditya Scindia in second advisory committee meeting with telecom operators on Friday asked them to take lead in the development of 6G technology. According to sources, who were present in the meeting, telecom operators reiterated their old demand of easing right of way permits, rationalisation of power tariffs and lowering of levies in the meeting. «Had a productive meeting with the Advisory Group of Telecom Service providers. Discussed issues pertaining to quality of services, India's 6G vision and promoting research and development to take our sector to new heights of development,» Scindia said on social media platform X. Minister of State for Communications, Pemmasani Chandra Sekhar, Telecom Secretary Neeraj Mittal, Digital Communications Commission member (Finance) Manish Sinha and other senior officials from the Department of Telecom were present at the meeting.

ISRO on Friday threw open its scientific data gathered from the Chandrayaan-3 mission for researchers across the world for analyses to mark the first anniversary of India landing a spacecraft on the Moon. The space agency has granted access to over 55 gigabytes of data from the five payloads — three on the Vikram lander and two on the Pragyan rover — that created history on August 23 last year by making a soft landing near the unexplored south pole region of the Moon. «This data is not going to be confined with those scientists who have created those instruments, but it will be made available to all the researchers of the country and the world for furthering the outcome of this,» ISRO Chairman S Somanath said at the National Space Day celebrations here. The Chandrayaan-3 data sets are available on Policy-based data Retieval, Analytics, Dissemination and Notification System (PRADAN) portal of the Indian Space Science Data Centre (ISSDC) — www.pradan.issdc.gov.in.

Remote work, a trend that sprang to prominence during the Covid-19 pandemic, appears to be an entrenched fixture of the U.S. labor market, according to economists.

pharmacy of the world," its pharmaceutical giants are not just keeping pace—they're setting the pace. With the industry projected to leap from a value of $40 billion in 2021 to $130 billion by 2030, the stage is set for unprecedented growth. But as these companies scale new heights, they must also navigate a complex landscape of regulatory hurdles, global competition, and supply chain risks.

Zomato-Paytm ticketing deal appetizing for both The alumina market faces significant scarcity, with July prices hovering at 22% of London Metal Exchange (LME) aluminium price, well above the normal range of 14-17%. “We remain positive on Nalco in view of the firm alumina price outlook, integrated business model, and attractive dividend yield," analysts at Antique Stock Broking said in a research report. The report projected that Nalco’s Ebitda margin would expand from 21.8% in FY24 to 30.7% in FY26.