Coforge-Encora deal: IT firm to acquire AI player Encora for $2.35 bn; PE investors to hold one-fifth stake

IT services firm Coforge on Friday announced the acquisition of Silicon Valley-based AI firm Encora in an all-stock deal valued at $2.35 billion (about Rs 21,133 crore), marking one of the largest overseas acquisitions by an Indian mid-tier IT company, PTI reported.The acquisition will be funded entirely through equity, with Coforge issuing preferential shares worth…

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‘Submit public apology’: BJP moves EC against Mallikarjun Kharge over ‘terrorist’ remark, seeks action under poll code | India News

NEW DELHI: The Bharatiya Janata Party (BJP) on Tuesday wrote to the Election Commission of India (EC) seeking action against Congress president Mallikarjun Kharge over his “terrorist” remark against Prime Minister Narendra Modi. The party called Kharge’s remark a “grossly derogatory” statement and a violation of the Model Code of Conduct (MCC).In a formal complaint…

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India’s exports to US drop 22% due to Trump’s 50% tariffs; overall trade data suggests signs of resilient market diversification

India’s exports to the US also fell by 21.77% to $6.6 billion in January, largely due to the 50% tariffs imposed by the Donald Trump administration. (AI image) India’s merchandise exports grew marginally in January to $36.56 billion, up 0.61%. On the other hand, imports rose sharply by 19.2% to $71.24 billion, compared to $59.77…

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PLA in peril: Xi Jinping’s purge cripples China’s military, sparks fears of combat vulnerability

China’s ongoing military corruption purges have created serious deficiencies in the command structure of its armed forces and are likely to have affected the readiness of the People’s Liberation Army (PLA), according to a leading defence research centre. The purges, led by the Chinese president Xi Jinping, which have spanned the supreme central military commission,…

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