• Reuters

    India's mid-tier IT firms gain share from industry goliaths

    Mid-tier firms in India's $254 billion information technology sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said. Unlike their larger rivals such as Tata Consultancy Services and Infosys, mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects. LTIMindtree, Coforge, Mphasis and Persistent Systems are "increasingly viewed as challengers in (winning) Fortune 500 accounts, aiding the share gain process," Kotak Institutional Equities said.

  • Yahoo News Singapore

    Boring is the new black, Singapore, so don't be embarrassed to embrace our dull persona

    Amid the global polycrisis and terror threats, it's good to embrace the stability of Singapore, and be proud of the Little Red Dot's boring reputation.

  • Reuters

    Blank-check firm Admiral to buy North America's Acuren in $1.85 billion deal

    The deal, which is expected to close in the third quarter of 2024, will also see Admiral move its listing to New York and cancel trading on the London Stock Exchange, the company said. Acuren provides mission-critical, regulatorily mandated, non-destructive testing, inspection, engineering and lab testing services across a variety of industries.