Pune: Indian digital engineering provider Persistant Systems has announced its plans to acquire German peer Nagarro SE, as the company looks to enhance its scale and AI capabilities. Persistent is offering €81 per share to Nagarro’s shareholders, valuing the entire company at about €1.16 billion. Persistent already has a 21% stake in the company, and is aiming to gain control of the company, with the management board having accepted the offer. The combined entity will help create a scaled, globally diversified digital engineering powerhouse, with a revenue potential of USD 2.9 billion. It aims to combine Persistent’s AI-led engineering leadership…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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Bengaluru: In a significant transition from its core mobile-first value-added service (VAS) games, OnMobile has launched its ONMO+ Smart Console on Flipkart as it looks to tap into the growing market for gaming amongst value-conscious customers. The ONMO+ smart gaming console aims to bring premium gaming to people’s screens, including smartphones, TVs, laptops and tablets, offering cross-platform compatibility without needing a gaming PC or traditional consoles. OnMobile smart console will offer hundreds of high-quality, ready-to-play premium games with a pro controller. It offers compatible AAA games built with GPU servers, as the company looks to expand further into the gaming…
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has officially notified the Transition Facilitation (Quality Control) Order, 2026 to optimize the compliance requirements for manufacturers. This is aimed at safeguarding domestic factory output from unnecessary delays due to compliance issues. The order is based on the recommendations by the government panel headed by NITI Aayog member Rajiv Gauba, which had raised concerns about the existing quality control regime and the disrupted supply chains due to increased compliance costs. The order covers 10 industry segments, including certain electronics, toys, personal protection equipment (PPE), footwear and furniture, among…
Mumbai: In a major step towards boosting supply chain efficiencies and streamlining processes, the Union Ministry of Health and Family Welfare has proposed to amend Rule 31 of the Drug Rules, 1945. According to a press release, this draft amendment aims to ease stringent shelf-life requirements for imported medicines, thereby improving supply chain efficiency and boosting the ease of doing business. For years, global pharmaceutical companies have been facing the 60% residual shelf life rule, where no drug could cross Indian customs until it retained more than 60% of its original, factory-certified shelf life. This was a major barrier to…
Bitcoin has further tumbled below another psychological barrier of $60,000 as a result of liquidations in the derivative markets. This has come after Bitcoin fell to an intraday low of $58,188, its lowest level since October 2024, before recovering to about $61,800. This breakdown triggered almost $1.48 billion in crypto liquidations within 24 hours, with long trades absorbing $1.21 billion of these losses. This is the second time Bitcoin has fallen below $60,000. Earlier, a brief fall on June 23 resulted in $850 million of liquidations across the markets. According to data from Deribit, about $9.33 billion in Bitcoin options-representing…
Chennai: In a major development signaling thawing ties with China, the government of India is all set to approve a $370 million investment for a hybrid engine plant in Chennai. The investment proposal has come from Horse Powertrain Limited, a Joint Venture between France-based Renault and Chinese auto major Geely, as Renault aims to boost its production at its existing manufacturing plant in Chennai. Horse Powertrain was officially formed in mid 2024 as an equal partnership between Renault and Geely, with Saudi Aramco entering the fray later. The London-headquartered company is an autonomous supplier of highly efficient internal combustion engines…
Boise, US: Memory chip maker Micron Technology has seen its shares rise 16% as the company released its third quarter results for 2026. With this, the company solidifies its $1.1 trillion market cap. With an insatiable demand for its memory chips from data centers and technology firms, the company has joined the likes of Samsung, Nvidia and TSMC to join the trillion-dollar club. For the third quarter, Micron reported $41.46 billion in revenue, an explosive 345.7% surge compared to the $9.3 billion recorded in the same period last year. This also beat Wall Street’s forecast by a staggering $5.77 billion.…
With rapidly emerging technological shifts changing the nature of manufacturing, IPO bound Atharva Polyplast Limited is aiming to reinvent itself into a tech-driven, end-to-end plastic component provider to global OEMs and Tier 1 suppliers. Under the leadership of Managing Director Anujeet Darade, Atharva Polyplast is integrating advanced tools like AI and 3D prototyping into its operations to accelerate design cycles, achieve consistent precision, and build high-margin, engineered product segments. In this exclusive interview with Hello Entrepreneurs, Mr Anujeet explains how the company is aiming to mitigate polymer price volatility and emerging challenges while boosting growth under the ‘Make In India’…
New Delhi: Expanding its footprint in the high margin private freight sector, railway infrastructure major Juptier Wagons Limited (JWL) has secured two orders worth ₹264 crore. This includes an order for manufacturing 8 BLSS rakes (comprising 32 BLSS-A wagons, 352 BLSS-B wagons, and 8 brake vans) worth ₹141.44 crore to the Central Warehousing Corporation (CWC), Government of India, along with another ₹122.88 crore order for 5 BFNSM1 rakes and BVCM wagons for JSW (South) Rail Logistics Private Limited. Jupiter Wagons is required to supply these rakes within one year and seven months, respectively. With these two orders, Jupiter Wagons strengthens…
New Delhi: In a major validation for Bharti Airtel, global rating agency S&P Global Ratings has officially enhanced the company’s unsecured debt rating from ‘BBB’ to ‘BBB+’ with a stable outlook. This comes after the company has spent years keeping its head above water, becoming the only surviving legacy company to take on Reliance Jio’s price undercutting juggernaut. The company, which made headlines in 2010 for its $10.7 billion acquisition of Zain Telecom’s African assets, has come a long way from the time when Africa remained a drag on its operations. Under Chairman Sunil Mittal, Airtel has spent 7 years…
