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1Point1 Solutions inks $33.37 mn deal to acquire Netcom contact centre firm

1Point1 Solutions, a provider of AI-led business process management (BPM) solutions on Monday announced it is acquiring Costa Ricaheadquartered Netcom Business Contact Center for USD 33.37 million transaction value. The acquisition is targeted for completion by March 31, 2026. The total transaction value for the acquisition of 100 per cent ownership is USD 33.37 million, comprising an upfront payment of USD 25.41 million and an estimated earn-out of USD 8.25 million, subject to post-closing adjustments linked to EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) performance and excess working capital, according to a release. Additional transaction-related costs are estimated at about USD 1 million. "The acquisition is expected to nearly double 1Point1's FY' 27 topline marking a significant step in advancing the company's inorganic growth strategy," it said. It aims to accelerate company's evolution into high-growth global organisation, while deepening domain

Explained: Why did SoftBank sell entire Nvidia stake for $5.8 billion? | Business News

Japanese tech conglomerate SoftBank has sold its entire stake in Nvidia for $5.83 billion, marking a major shift in its investment portfolio.

'India has a can-do spirit': Julius Baer's Mark Matthews at BS BFSI Summit | Stock market news

At the Business Standard BFSI Insight Summit 2025 in Mumbai on Friday, Mark Matthews, Managing Director and Head of Research for Asia at Bank Julius Baer & Co, offered a candid assessment of the globa

Post-UPI, Indian payments players look to foreign shores | BFSI Summit 2025 | Online payment

In the past decade, India has become the blueprint for digital payments innovation, and the government has taken the Unified Payments Interface (UPI) beyond Indian shores and into other countries

Banking sector faces challenge of customer service: Arundhati Bhattacharya

Arundhati Bhattacharya, Chairperson and CEO of Salesforce India, said that the current banking sector faces the challenge of customer service.

Managing new-age risks: The changing role of General Insurers

From cyberattacks and climate change to supply-chain disruptions, as risks evolve in complexity and scale, general insurers are being pushed to rethink their traditional playbook.

‘I killed the monster’: Wife, daughter arrested in ex-K’taka DGP murder: What we know so far

Former Director General of Police (DGP) Om Prakash was found murdered at his residence in Bengaluru’s posh HSR Layout on Sunday evening.

Maharashtra govt to set up media centre to monitor news content

The Maharashtra government will set up a media monitoring centre to analyse news content of the print, electronic and digital media, and has allocated a budget of Rs 10 crore for the purpose. The centre will collect and analyse all factual and misleading news reports in print and broadcast media, and prepare a factual report, according to a government resolution (GR) published on Wednesday. If there is a misleading news, it will be clarified in real-time. If there is a negative news, clarification will be given expeditiously, it said. The requirement for the centre was felt because of the growth of publications, channels and digital platforms, and there was a need for monitoring under one umbrella how the news related to government schemes, policies is given, the government order said. The centre, to work from 8 am to 10 pm every day, will be handled by the Directorate of Information and Publicity. The government has given the administrative and financial approval for setting up t

Is India the next luxury superpower? Hublot CEO Julien Tornare weighs in

Is India the next luxury superpower? Hublot CEO Julien Tornare weighs in

Delhi HC has jurisdiction in OpenAI copyright case: Court-appointed experts

News agency ANI, Indian media houses and global publishing companies based in India have filed copyright infringement cases against OpenAI in Delhi High Court

Apple pulls error-prone AI-generated news feature in beta iPhone software

Apple is suspending an error-prone feature that used artificial intelligence to deliver bogus news alerts to some iPhone owners. The decision was disclosed Thursday as part of a test version for the next software release, iOS 18.3. The beta version is only available to a relatively small group of iPhone users and developers, but the same features are usually released in an update available to all users several weeks after the testing begins. In the beta update, Apple said it is disabling the AI-generated feature for news and entertainment while it tries to fix the issue causing the technology to fabricate information a problem often described as hallucinations within the industry. Similar software updates for Apple's iPad and Mac computers are also in a testing phase. Even if it is just temporary, the suspension represents a blow to Apple's efforts to bring AI to the iPhone and its other products. The push began in earnest last September with the debut of the iPhone 16, which is ..

upGrad Achieves 30% YoY Revenue Growth; EBITDA & PAT Loss drops by 50%

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Highlights: Reliance Industries buys 74% stake in Navi Mumbai IIA for $192 mn

Latest news updates: Catch all the latest news updates from around the world here

AR Rahman and Saira Banu announce divorce after 29 years of marriage

AR Rahman shared a post on X announcing his divorce from his wife Saira Banu. The couple got married on March 12, 1995

BFSI news wrap: Your weekly wrap-up of the BFSI sector | #bfsi #news

Your weekly wrap-up of the BFSI sector

Manipur Violence: High tech drones drop bombs; 2 Killed | Latest Updates

Tensions have erupted again in Manipur after a deadly attack on September 1. Watch the video to know the details.

Wolf that killed seven children in UP caught; Here's all you should know

At least eight people lost their lives in Uttar Pradesh's Bahraich district in wolf attacks in recent months. Forest department has launched "Operation Bhediya" nab the animals

Lok Sabha speaker election, Pune Porsche case update & more

The opposition’s pick for Lok Sabha speaker, Kodikunnil Suresh, will compete against the BJP’s Om Birla. This is the first such contest in decades, as the two parties failed to agree on seat division.

18th Lok sabha session, Budget 2024, Arvind Kejriwal & more

18th Lok Sabha session began on Monday The first session of the 18th Lok Sabha began today. About 280 newly-elected MPs, including PM Modi, took the oath.

Zee Media remains committed to unbiased news, public interest: Chandra

Media baron Subhash Chandra on Monday said despite various challenges, Zee Media remains committed to deliver unbiased and credible news focused on public interest. Addressing a press conference here, he asked all stakeholders, including viewers and regulatory bodies, to recognise and stand against the threats to press freedom. "A free and independent media is crucial for the health of our beloved country in terms of its economy, the social structure, protection of weaker people of society, reduction of corruption and finally the democracy," Chandra said. Media is considered as the fourth pillar of democracy but faces increasing pressure from the governing class, whether the legislature, executive, corporates and more, he said. There are structured attempts to malign the media to achieve their agenda, he added. "Governments exert pressure on media through advertising influence or use of state machinery to threaten so that the press can be prevented from publishing factual ...