Epic Systems, a leading health-care software provider, has announced its plan to migrate all its hospital and clinic clients to the federal government’s new medical records exchange network, TEFCA, by the end of 2025. The move aims to streamline the sharing of patient data across various health care systems, marking a significant shift in the interoperability of electronic health records.
What…
Binance, the world’s largest cryptocurrency exchange, has announced the return of its website and app to the Indian market following its registration with the Financial Intelligence Unit (FIU) in May. The move marks a significant milestone for the exchange, which had previously faced restrictions in India due to regulatory issues.
Binance’s re-entry into India comes after a crackdown last year…
Global Capability Centres (GCCs) have undergone a remarkable transformation from their origins as mere back-office operations to becoming integral powerhouses within the global technology ecosystem. Once relegated to supporting roles for Fortune 500 companies, GCCs in India are now driving innovation and shaping the future of technology on a global scale. This evolution has significantly impacted…
Sunil Mittal, the patriarch of Bharti Enterprises and a prominent figure in the Indian telecommunications sector, has made a significant move by agreeing to acquire nearly 25% of BT Group Plc from Altice UK. This bold investment reflects Mittal’s confidence in the rejuvenation of BT Group, despite the company’s recent challenges and the broader regulatory and political landscape in the…
Mastercard is reportedly planning to reduce its global workforce by approximately 3% as part of a strategic restructuring initiative aimed at streamlining operations and enhancing efficiency. This decision reflects broader trends within the financial services industry, where companies are increasingly focusing on optimizing their business models in response to evolving market conditions.
The…
Warren Buffett’s Berkshire Hathaway has reached a new milestone with its cash and U.S. Treasury holdings climbing to a record $276.9 billion in the second quarter. This increase came as the company reduced its stock investments in major companies like Apple, among others.
In its latest filings, Berkshire Hathaway revealed it added a few new investments and expanded some existing ones. The…
The growth of Indian micro, small, and medium enterprises (MSMEs) has slowed to 5.4% for the December to June period, according to a recent report by CareEdge Ratings. This marks a decline from 7.0% growth during the same period the previous year. The report indicates that if the impact of recent mergers were excluded, the growth rate would have been even slower, at 7.7% in June 2024.
The broader…
Two emerging companies, Smartworks Coworking Spaces and Ecom Express, have recently filed their draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) as they prepare to launch their Initial Public Offerings (IPOs). Both firms are set to raise funds through the primary markets, with their shares slated to be listed on the Bombay Stock Exchange (BSE) and the…
Meta’s decision to close CrowdTangle, a vital tool in the fight against misinformation, has raised concerns among researchers and journalists who relied on the platform to analyze and track the spread of false information. Founded in 2011 and acquired by Facebook in 2016, CrowdTangle became an essential resource for monitoring social media trends and evaluating the impact of misinformation…
BMW Brilliance Automotive, a joint venture between German automotive powerhouse BMW and Brilliance China Automotive Holdings, is set to recall over 140,000 vehicles in China. This recall, driven by safety concerns, highlights the critical role of quality control in the automotive industry and underscores the challenges faced by multinational companies operating in one of the world’s largest auto…
