BENGALURU: Cognizant’s US green-card filings have been suspended amid an investigation into potential fraud and misuse of employment visa programmes, Anthony D’Esposito, inspector general at US Department of Labor, said in a post on X. “Fighting fraud is a Team Sport…..Threats to American workers will not be tolerated. Alongside @WHFraudTF, we’re following facts, fraud and … Read more
MUMBAI: IPO-bound National Stock Exchange (NSE), the largest stock exchange in India by turnover and profits, is reducing the size of its offering to about 5.3% of its equity base, from 6% planned earlier. The stocks will be offered in a price band of Rs 1,700 to Rs 1,785 per share, people in the know … Read more
NEW DELHI: Skoda Auto and JSW Green Mobility have signed a non-binding agreement to explore a joint venture that could develop, manufacture and sell passenger vehicles in India and overseas, the companies announced on Wednesday. The proposed partnership will span internal combustion engine vehicles, electric vehicles, plug-in hybrids and hybrids, signalling that the discussions extend … Read more
NEW DELHI: India’s largest private airport operator – Adani Airport Holdings (AAHL) – has entered into binding agreements to raise Rs 9,825 crore (about $1 billion) of primary equity capital from a consortium of investors, comprising Alpha Wave Global, Premji Invest, Temasek and BlackRock managed funds. The transaction values AAHL at about $18 billion and … Read more
Apple’s first foldable phone NEW DELHI: Apple on Wednesday entered the foldable smartphone market with iPhone Duo, priced at Rs 2,99,900, taking on Samsung, Google and Chinese brands in a category it had stayed away from even as rivals spent years refining the form factor.The book-style device has a 5.5-inch outer screen and unfolds into … Read more
The Philippine Coast Guard said 42 people had been rescued from the vessel. A fire broke out aboard a passenger ferry near the popular tourist destination of Coron in the Philippines’ Palawan province on Wednesday evening, killing at least five people, according to the Philippine Coast Guard (PCG) and local media.The vessel, M/V June Aster, … Read more
Merchandise exports rose 17.04% to $173.78 billion during April-July, while imports climbed 19.27% to $292.38 billion. India’s merchandise exports have grown by more than 15 per cent in the first five months of the current fiscal despite a challenging global trade environment, Commerce and Industry Minister Piyush Goyal said on Wednesday.The union minister said the … Read more
The father claimed that the youngest subjected him to repeated torture and humiliation. (Image for representative purpose only) A father bought land parcels in the youngest son’s name, but their relationship turned bitter and the senior citizen alleged that he had been humiliated and tortured. Orissa High Court’s judgment in the case holds significance.When an … Read more
India’s ethanol production capacity has surpassed the requirements for blending, prompting the government to explore additional uses for the surplus. The government is looking to move beyond the 20 per cent ethanol-blending target as flex-fuel vehicles are expected to enter the market, advisor to the Prime Minister Tarun Kapoor said on Wednesday.Speaking at The India … Read more
Higher crude prices could raise costs across fuel, transport and other energy-intensive sectors, adding to domestic inflation pressures. State-owned fuel retailers are losing around Rs 5 per litre on petrol and Rs 23 per litre on diesel as renewed tensions in West Asia pushed international crude oil prices above $100 a barrel, analysts said on … Read more