The 18th Pravasi Bharatiya Divas, held from January 8-10, concluded on Friday in Odisha, with Chief Minister Mohan Charan Majhi reflecting on the event's success.

"For the first time, Odisha received the opportunity to host Pravasi Bharatiya Divas. We have benefitted from this because our program was good. It started with the young diaspora, the PM came here, President also came here. Diaspora from foreign countries came here.

British telecom firm Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday.

Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing.

Information Technology (IT) major Infosys escalated the legal tussle with Cognizant by filing a countersuit in a US court, accusing the Nasdaq-listed firm and its Chief Executive Officer (CEO) Ravi Kumar of anticompetitive practices by maintaining its monopoly.

Infosys has also alleged that Kumar misused sensitive information that slowed the launch of the company’s health care platform Helix.

In a step towards enhancing safety and emergency response, energy major Oil and Natural Gas Corporation (ONGC) has ramped up its fleet of ambulances in Assam by adding 65 new vehicles, an official said on Friday.

The new ambulances, which were leased from the Assam State Transport Corporation (ASTC) for a period of five years, were added to ONGC's fleet in Sivasagar, he said.

In the largest-ever primary fund-raise in the Indian diagnostics sector, Chennai-based super specialty diagnostics chain Neuberg Diagnostics has secured an investment of Rs 940 crore from Kotak fund to support its inorganic expansion across the country.

Neuberg Diagnostics, promoted by GSK Velu, is planning to use the pre-initial public offering (IPO) fundraise to boost its merger and acquisition (M&A) ability.

Real estate company Godrej Properties Ltd on Friday said it has acquired 24-acre land in Indore to develop residential plots and expects around Rs 500 crore revenue from this upcoming project.

In a regulatory filing, Godrej Properties informed it has acquired about 24-acre of land in Indore.

India Post recently introduced Aadhaar-based authentication for Post Office Savings Account (POSA) opening and other transactions, enabling a paperless know your customer (KYC) process. Effective from January 6, 2025, it’s a major upgrade to India’s postal banking operations.

The e-KYC-based account opening process will be implemented in phases. In Phase I, new customers will be on-boarded, and Customer Information Files (CIFs) will be created using Aadhaar authentication.

The Enforcement Directorate Friday conducted searches in multiple states, including in Bihar on premises liked to an RJD MLA, as part of a money laundering investigation linked to an alleged funds embezzlement at a state cooperative bank, official sources said.

About 18 premises in Bihar, West Bengal (Kolkata), Uttar Pradesh and Delhi are being searched, they said.

An uncertain macro environment and slow discretionary spending on the part of its clients in major markets, coupled with seasonality weaknesses owing to furloughs, affected the third-quarter (October-December 2024) FY25 performance of India’s largest information-technology services player, Tata Consultancy Services (TCS).

TCS’ net profit for the third quarter, at Rs 12,380 crore, was up 11.9 per cent over Rs 11,058 crore in the same quarter of FY24.

Nearly half of India’s mobile phone manufacturing capacity, established under the government’s production-linked incentive (PLI) scheme, is currently underutilised or repurposed due to declining global and domestic demand. Industry executives and market analysts attribute this underutilisation to shrinking demand for feature phones and entry-level smartphones, according to a report by The Economic Times.

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