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TECHNOLOGY

India's deal activity rises to $11.6 billion in July
BUSINESS

India's deal activity rises to $11.6 billion in July

New Delhi, Aug 12 — India's dealmaking activity accelerated in July as overall transaction value reached $11.6 billion across 210 deals due to a rebound in mergers and acquisitions (M&A), steady private equity (PE) investments and the strongest capital markets activity of the year, a report…

IT services M&A records 449 deals worth $14.8 billion in H1 2026
BUSINESS

IT services M&A records 449 deals worth $14.8 billion in H1 2026

New Delhi, Aug 12 — IT services mergers and acquisitions (M&A) activity recorded 449 deals worth about $14.8 billion in the first half of 2026, with cloud, data and analytics, cybersecurity and managed services leading deal activity, a report said on Wednesday.Despite softer discretionary…

India can play a key role in linking Middle East ties: Report
WORLD

India can play a key role in linking Middle East ties: Report

New Delhi, Aug 12 — India has emerged as a country that is capable of linking the United States, Israel, the UAE and Saudi Arabia with plans for economic corridors, technological partnerships, resilient supply chains, and strategic connectivity in the Middle East region, according to an article in…

FAME-II scheme supported sale of 16.72 lakh electric vehicles: Govt
BUSINESS

FAME-II scheme supported sale of 16.72 lakh electric vehicles: Govt

New Delhi, Aug 12 — The Centre’s Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India) Scheme Phase-II has supported the sale of approximately 16.72 lakh electric vehicles, including e-2Ws, e-3Ws, and e-4Ws. In addition, 5,299 electric buses (e-buses) have been deployed…

KT Q2 net profit sharply down due to data breach fines
BUSINESS

KT Q2 net profit sharply down due to data breach fines

Seoul, Aug 12 — South Korea's major mobile carrier KT Corp said on Wednesday its second-quarter net income fell 34.5 per cent from a year earlier due to the effect of government fines from its massive data breach.The company's net income for the April-June period on a consolidated basis was 480.6…