Latest news with #US-based
Economic Times
a minute ago
- Business
- Economic Times
Indian tourist in US caught stealing items worth nearly $1,000 from Target
Agencies An Indian tourist was arrested on the spot in the United States for allegedly shoplifting nearly $1,000 worth of items from a Target store. In the video, Avlani, the Indian tourist, is seen pleading with officers to let her pay for the items she allegedly tried to take. 'Why can't I just pay for it?' she asks, to which an officer replies, 'We're way, way, way past that. You committed a felony.' 'But if I'm paying for it, what is the harm?' she said. 'It would have been fine if you didn't leave, right? You would have had that opportunity to pay. But because you left the store at that point, you chose to not pay for it, and we can't go back," said the official in the video. A police bodycam video of the incident has now gone viral. Watch video here: The moment of her arrest was captured and shared by the independent YouTube channel @BodyCamEdition, which uploads raw police footage. The viral has garnered is about to reach 1 million views in just two days. What will the impact of this incident? Legal experts say that such an incident can carry serious consequences, especially for foreign nationals. 'Regardless, this is a Crime Involving Moral Turpitude, namely one that involves dishonesty and could have serious consequences,' Alen Takhsh, a US-based immigration attorney, told TOI. 'If you are in the US on a student visa, an arrest for shoplifting, let alone a conviction, could result in your visa being revoked. If you are in the US on a visitor or work visa, it could lead to you not being allowed to re-enter the US in the future.' (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Leadership shakeups cloud Ola Electric's revival attempts Trent trips on the ramp. Is it still worth the splurge or time to change brands? Just before the Air India crash, did India avert another deadly mishap? Can Indian IT protect its high valuation as AI takes centre stage? Stock Radar: Why is Hindustan Zinc looking good for a short-term bounce after falling over 35% from highs? These large-caps have 'strong buy' & 'buy' recos and an upside potential of more than 25% Buy, Sell or Hold: Motilal Oswal maintains buy rating on HCL Tech; ICICI Securities maintains sell call on Tata Technologies Consolidation: An opportunity or threat? Depends on…. 5 mid-cap stocks from different sectors with upside potential of over 26%
Courier-Mail
an hour ago
- Entertainment
- Courier-Mail
Fresh drama after secret royal peace talks
Don't miss out on the headlines from Royals. Followed categories will be added to My News. IN LONDON Shortly after details of secret talks between Prince Harry and King Charles' senior aides emerged, the delicate push toward reconciliation has already hit a snag. The UK's Telegraph reports that the Duke and Duchess of Sussex's team is frustrated that the story, which included quotes from a source and pictures of the sensitive meeting, leaked so quickly to The Mail on Sunday. A huge factor in the years-long rift between both camps has been mutual distrust – and having specific details of the private conversation between Tobyn Andrae, the King's communications secretary, Harry's new chief communications officer, Meredith Maines, and his UK-based publicist, Liam Maguire, picked up by the press almost immediately has done nothing to help the situation. According to the Telegraph, sources insisted that Harry's camp was not responsible for the leak, despite suspicions. Buckingham Palace has declined to comment on the matter. In the initial story, published on Sunday, a source told the Mail: 'There's a long road ahead, but a channel of communication is now open for the first time in years. There was no formal agenda, just casual drinks. There were things both sides wanted to talk about.' Senior aides for both Harry and the King met up recently. Picture: Samir Hussein/Samir Hussein/WireImage It came after a period of increasingly hostile relations between the US-based Sussexes and the Palace, following the release of a series of personal – and unflattering – details about the couple's issues during their time as working royals. As a result, senior royals had become 'wary' of speaking to either Harry or Meghan over concerns details would be used in future projects, as had occurred with their Netflix series and the duke's memoir, Spare. For his part, one of Harry's main gripes about life within the monarchy was his allegation that members of his family were leaking stories about each other to the press. Meanwhile, after the 'peace summit' over the weekend, it's now been reported that Harry could potentially meet with the King in just a matter of weeks. In May, he had confirmed he and his father were no longer on speaking terms, marking a sad new development in what's been a turbulent few years in their relationship. The conversations did not include any suggestion that Harry would 'make a royal return'. Picture: Tolga Akmen/AFP The Sun's royal editor Matt Wilkinson reports that Harry '[gave] his blessing' for the casual meeting, which was centred around ways to finally reconcile family issues, although he added that 'a proposal for Harry to make a royal return was not on the agenda'. It's unclear which side reached out first to book the catch-up, and it's understood no-one from Prince William's team was present. In September, Harry is expected to return to the UK to attend the annual WellChild Awards, of which he is patron, providing a potential opportunity for the pair to meet in person for the first time in 18 months. They last saw each other back in early 2024, when Harry made a quick dash back to London to see his father shortly after he revealed his cancer diagnosis. If Harry and the King arrange a reunion, it would mark a significant turning point in the ongoing feud between the duke and the royal family, which was sparked before Harry and Meghan sensationally quit official duties and moved to the US. September is already set to be a big month for the royals, with the announcement on Monday that they will be hosting US President Donald Trump and First Lady Melania Trump on a state visit. Originally published as Fresh drama erupts after secret royal peace talks: 'Frustrated'
Indian Express
2 hours ago
- Science
- Indian Express
LIGO-India construction to start in Hingoli this year; expected to be complete by 2030
The Laser Interferometer Gravitational wave Observatory – India (LIGO-India) project is all set to enter its construction phase in Maharashtra's Hingoli district in the second half of 2025, the Department of Atomic Energy (DAE) has said. Importantly, the project is expected to be completed as per the original schedule of April 2030. In April this year, the DAE floated the first major Engineering, Procurement and Construction (EPC) tender towards the commencement of civil infrastructure and vacuum infrastructure-related works at the proposed site located at Aundha village in Hingoli. 'Works related to the road, civil construction, design of the civil construction phase, vacuum chamber infrastructure, etc, need to be carried out at the site. The construction will start as soon as the EPC contract is issued. Given the current timeline of the EPC tender, work will commence in the latter part of 2025,' Sunil Ganju, the Scientific Secretary of the Atomic Energy Commission (AEC), DAE, told The Indian Express. India is building the third LIGO detector, thus completing the triad with the two existing US-based observatories. LIGO-India will join the global network of observatories involved in detecting and studying gravitational waves that hold the potential to offer deeper knowledge about our universe and explore its unknown areas. LIGO-India is a project under the Mega-Science Consortium of DAE and the Department of Science and Technology (DST). DAE will build the observatory in collaboration with the LIGO laboratory of Caltech and the Massachusetts Institute of Technology (MIT), USA. Indore-based Raja Ramanna Centre for Advanced Technology (RRCAT) is leading the execution of LIGO-India along with the Directorate of Construction, Services and Estate Management (DCSEM), Institute for Plasma Research (IPR), Gandhinagar, and Pune-based Inter-University Centre for Astronomy and Astrophysics (IUCAA). LIGO is a gravitational wave detector that consists of a central station flanked by two 4-km-long vacuum chamber arms in an 'L' formation. The detector is a large Michelson Interferometer designed with high sensitivity to detect gravitational waves, done by measuring any variation in the arm lengths. In September 2015, the two LIGO facilities in the US had made the first ever detection of gravitational waves, a century after Albert Einstein's General Theory of Relativity. In 2016, the Indian government gave 'in-principle' approval to build LIGO-India in Maharashtra. Later, in April 2023, the Union government sanctioned Rs 2,600 crore towards the project. Over the past two years, work on LIGO-India has slowly gathered momentum with the Indian and US teams engaged in finalising the project design. 'The review of the Design Basis Report (DBR) for the civil infrastructure and the preparation of the Science Requirements Document (SRD) for the vacuum system have been completed. In addition, training for the Indian project teams on the various sub-systems of the detector are progressing at the US facilities,' added Ganju, who is also the head of the Institutional Collaboration and Programs Division, DAE. In November last year, an MoU was signed between DAE and LIGO-Laboratory, Caltech and MIT, towards the execution of LIGO-India. 'This agreement covers sharing of technical knowledge, detector components and training of human resources for the project. It captures the responsibilities of the LIGO-US and LIGO-India in the collaborative project,' noted the senior DAE official. Since then, the LIGO-India consortium has continued to grow. Some of the newest members to join include CSIR-Central Glass and Ceramic Research Institute, Birla Institute of Technology and Science, Saha Institute of Nuclear Physics, and IIT-Bombay, among others. The site in Aundha, Hingoli is currently under development. Works for establishing basic amenities like roads, laying compound walls and readying the land for construction are underway. The site office of the Directorate of Construction, Services and Estate Management (DCSEM) is also situated here. Since July 2023, land procurement for building a wider approach road stands completed. Land has been acquired for a road of 12.5-m width and 2.45-km length that connects the Nanded-Akola State Highway with the corner station of the site. Re-routing a few village roads has been initiated with the local administration. Services for the site office have been secured and are being used for site coordination for the construction phase. The current timeline of the EPC tender has evolved and is in line with the project's completion date. 'As per the timeline of activities in the EPC tender, the project is expected to be completed on schedule with the completion date being April 2030,' he said.
Zawya
2 hours ago
- Business
- Zawya
Tech Mahindra reports EBIT of ₹1,477Cr, up 34% YoY; YoY margins expand by 260 bps
RELATED TOPICS EARNINGS RELATED COMPANIES Tech Mahindra Cisco Systems Everest Group Mahindra Group CYBERLYNX Information Serv Cratedb Quadrant Knwldg Salesforce ServiceNow Co-Create Soft SAP SE Via Mobility Ser Noida – Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries announced the audited consolidated financial results for the quarter ended June 30, 2025. Financial highlights for the quarter (USD) Revenue at USD 1,564 mn; up 0.4% YoY EBIT at USD 172 mn; up 30.2% YoY EBIT Margin 11.1%; up 260 bps YoY Profit after tax (PAT) at USD 133 mn; up 30.2% YoY PAT Margin 8.5%; up 190 bps YoY Free cash flow at USD 86 mn New deal wins TCV USD 809 mn Financial highlights for the quarter (₹) Revenue at ₹ 13,351 crores; up 2.7% YoY EBIT at ₹ 1,477 crores; up 34.0% YoY Consolidated PAT at ₹ 1,141 crores; up 34.0% YoY Diluted Earnings per share (EPS) at ₹ 12.86 Other Highlights Total headcount at 148,517; up 897 YoY LTM IT attrition at 12.6% Days of Sales Outstanding 95 days; up 2 days YoY Cash and Cash Equivalent at the end of the quarter ₹ 8,072 crores Mohit Joshi, CEO and Managing Director, Tech Mahindra, said, ' Our performance is steadily strengthening, reflecting disciplined execution and a focused strategy. Deal wins have increased by 44% on a last twelve months (LTM) basis, supported by broad-based momentum across verticals and geographies.' Rohit Anand, Chief Financial Officer, Tech Mahindra, said, ' We have delivered seven consecutive quarters of margin expansion - a clear reflection of the discipline and focus across our organization. Even in an uncertain environment, our Project Fortius program continues to generate meaningful results and drive operational improvements. ' Key Deal Wins Selected as a key 'growth partner' by one of US-based leading consumer wireless operators for its Customer Operations transformation. The designation as a 'growth partner' unlocks the door to all future opportunities as per the client's new sourcing strategy. Tech Mahindra was selected by a Railroad company in the Americas region for the support and development of a portfolio of applications across multiple corporate functions of the company and across multiple technologies including SAP, Salesforce, and data analytics, amongst others. Tech Mahindra was selected by a leading US-based Hi-Tech company to help them deliver to their end customers a truly immersive and enriched user experience on one of their flagship consumers focused product which is powered by their AI and LLM platform. TechM will ensure that the consumer product with 2.0 billion+ active users have enriched user experience including keeping the platform safe. Tech Mahindra was chosen as strategic partner by UK-based manufacturer to drive digital transformation by establishing a Shared Services Center. TechM will deliver end-to-end IT, digital solutions, and BPS services focused on transforming the customer's enterprise back office - enhancing experience, efficiency, agility, and resilience - delivering superior business outcomes. Tech Mahindra was selected by a leading global fashion apparel brand for a multi-year strategic engagement to provide digital and data transformation and support services. The scope includes SAP, Cloud, Data & AI, and Digital Commerce platforms, with a dedicated Global Capability Center or GCC to drive innovation, cost efficiency, and business agility. Tech Mahindra was selected by a leading global insurance and asset management company's Japanese subsidiary to consolidate, modernise, and digitise its IT systems and operations, enabling the client to adopt cloud-native applications, revamp their enterprise architecture, accelerate AI adoption, and bring innovative products to market more quickly. Tech Mahindra was selected as a Prime partner with a leading UK based Telco for a multi-service line deal to deliver and manage applications across its fixed and mobile networks. The scope includes delivering services across ADMS, Network Services, Next-Gen Services, Engineering Services and Digital Enterprise Applications. Tech Mahindra was selected by a leading international telecom company in the MEA region for a transformation and managed services deal to manage, centralise, and transform its various IT functions. Customer will benefit by reducing its TCO due to transformed ways of working, increased automation and AI. Business Highlights Tech Mahindra announced the launch of a new managed services offering for Cisco Multicloud Defense, a component of Cisco's Hybrid Mesh Firewall. The new offering provides enterprises a robust cloud security solution that enables secure, scalable, and seamless operations across multi-cloud environments. The new collaboration delivers multidirectional protection across any public or private cloud - blocking inbound attacks, lateral movement, and data exfiltration using a single SaaS control plane, eliminating inefficient, complex, and costly point solutions. Tech Mahindra was named a Red Hat Premier Partner globally. As a Red Hat Premier Partner, TechM gains access to technical resources, joint go-to-market opportunities, and extended collaboration with Red Hat's product and services teams. In collaboration with Red Hat, TechM has engineered over 15 solutions as part of its GTM strategy, spanning automation, edge intelligence, and AI-driven cloud-native capabilities powered by Red Hat OpenShift, Red Hat Ansible Automation Platform, and other platforms. Tech Mahindra announced a partnership with ServiceNow to deliver next-generation broadband solutions tailored for Communication Service Providers (CSPs). The partnership offers comprehensive vertical solutions stack that includes planning and building networks, managing operations, enhancing customer experience, and monetising services, by leveraging TechM's platform - a pre-integrated end-to-end solution built on ServiceNow® TMT product suites. The solution also provides AI-driven analytics, Network-as-a-Service (NaaS), Cloud-native Open-Source Software (OSS) systems and intelligent automation to streamline operations and capitalise on the fast-growing 'Everything-as-a-Service' opportunity. Through the solution, CSPs will be able to improve operational efficiencies by up to 50%, ensuring accelerated time-to-market and scalable broadband rollouts. Tech Mahindra and CrateDB, a data management company, announced a strategic partnership at Hannover Messe 2025, the world's premier trade fair for industrial technology to revolutionise the automotive, manufacturing, and smart factory sectors by delivering advanced agentic AI solutions that leverage real-time data analytics, enabling businesses to drive innovation and efficiency at scale. The partnership will unlock the full value of data for industrial customers by leveraging CrateDB's open-source, multi-model, distributed database, while TechM will provide advanced capabilities to optimise supply chains, improve predictive maintenance models, and ensure higher quality control standards across operation centres. Tech Mahindra announced a partnership with Nuix (AXS: NXL), a global leader in AI-powered investigative analytics and intelligence software to provide innovative, scalable solutions for cyber and fraud detection. The partnership will leverage TechM's extensive expertise in AI, Digital Engineering, and Cyber Risk Management to integrate Nuix's advanced investigative and data analytics solutions into its services, unlocking significant global sales opportunities with the Nuix Neo Solutions by assisting customers in managing data breaches, preventing fraud, and protecting Personally Identifiable Information (PII) in industries with stringent regulatory and compliance requirements, including in BFSI, telecommunications, and public sector companies. Tech Mahindra and KOGO AI, a category-defining provider of Agentic AI infrastructure, announced a strategic collaboration to jointly build and deliver next-gen enterprise AI solutions and agents — designed for autonomy, scale, and compliance. Unlike traditional partnerships, this alliance is rooted in co-innovation focused on building intelligent AI agents for host of cross enterprise use-cases, designing Private AI architectures that run on-prem, hybrid, or secure cloud environments, integrating with legacy systems to drive transformation without overhauling infrastructure and driving outcomes in various industries through domain-specific AI deployments. Awards and Recognitions Awarded the 'TM Forum Upskilling Award' at DTW Ignite 2025 (DTW), reaffirming TechM's continued leadership in building a future-ready workforce that empowers Communication Service Providers (CSPs) to navigate and lead in an increasingly autonomous and platform-driven telecom landscape. Recognised as one of the 'Best Organisations to Work' for 2025 at ET NOW Best Organisations to Work 2025. Recognised as one of the 'Most Innovative Organisations' of 2025 at ET NOW Most Innovative Organisations 2025. Recognised as one of the 'Most Sustainable Organisations' of 2025 at ET Edge 4th edition of Sustainable Organisations 2025. Recognised amongst the 'Champions of Green Business Practices' by ET Edge at Times Now Global Sustainability Alliance - Sustainable Organisations 2025. Included in Sustainalytics 2025 ESG Top-Rated Companies list and recognised as both 'Region Top Rated' and 'Industry Top Rated' for outstanding performance in sustainability practices. Recognised as a constituent of the FTSE4Good Index Series for the 9th consecutive year. The only Indian IT company to receive the highest "A" rating across all three CDP categories: Climate Change, Water Security, and Supplier Engagement. Analyst Ratings & Recognitions Recognised with the ISG Star of Excellence™ – 2024 award for the APAC region. The recognition from ISG (Information Services Group), highlights TechM's exceptional customer experience (CX) performance by attaining the highest regional customer experience rating in APAC. Leader - Aerospace and Defense Services and Solutions 2025-Engineering, Design, and Innovation - Overall Ecosystem – Europe and US by ISG Leader - Aerospace and Defense Services and Solutions 2025-Maintenance, Repairs and Overhaul (MRO) and Aftermarket - Overall Ecosystem - Europe and US by ISG Leader - Google Cloud Partner Ecosystem 2025 - GenAI and AI Services – US by ISG Leader - Google Cloud Partner Ecosystem 2025 - Professional Services - (Consulting and Migration) - US and APAC by ISG Leader - Google Cloud Partner Ecosystem 2025 - Managed Services- US and APAC by ISG Leader - Google Cloud Partner Ecosystem 2025 - Enterprise Data Infrastructure Services - US by ISG Leader - Private/Hybrid Cloud - Data Center Services 2025 - Managed Services — Midmarket- Nordics by ISG Leader - Cybersecurity Services and Solutions 2025 - Technical Security Services – Australia by ISG Leader - Cybersecurity Services and Solutions 2025 - Next-Gen SOC/MDR Services (Midmarket) – UK by ISG Leader - Automotive and Mobility Services and Solutions 2025 - Automotive Engineering and Manufacturing Services – North America, Europe, and APAC by ISG Leader - Automotive and Mobility Services and Solutions 2025 - Electric Vehicles and Mobility Services- North America, Europe, and APAC by ISG Leader - Automotive and Mobility Services and Solutions 2025 - Autonomous Systems and Software-defined Vehicles - North America, Europe, and APAC by ISG Leader - Automotive and Mobility Services-and Solutions 2025 - Automotive Retail and Aftermarket Services – North America, Europe and APAC by ISG Leader - Automotive and Mobility Services and Solutions 2025 - Technology Transformation and Consulting- North America and APAC by ISG Leader - Network - Software-Defined Solutions and Services 2025 SD-Networks Transformation Services (Consulting and Implementation) – US and Germany by ISG Leader - Network - Software-Defined Solutions and Services 2025 - Edge Technologies and Services (Including Private 5G) – Germany by ISG Leader - Life Sciences Digital Services 2025 - Clinical Development (Service Providers) - Global by ISG Leader - Life Sciences Digital Services 2025 - Commercial Operations - Digital Evolution (Service Providers) - Global by ISG Leader - Supply Chain Transformation Services for Retail and CPG PEAK Matrix® Assessment 2025 by Everest Group Leader - Retail Services PEAK Matrix® Assessment 2025 by Everest Group Leader - SPARK Matrix™: Procurement Services, 2025 by Quadrant Knowledge Solutions Consolidated Financial Statement for the quarter ended June 30, 2025 drawn under Ind AS About Tech Mahindra Tech Mahindra (NSE: TECHM) offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 148,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services. It is the first Indian company in the world to have been awarded the Sustainable Markets Initiative's Terra Carta Seal, which recognizes global companies that are actively leading the charge to create a climate and nature-positive future. Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies. For more information on how TechM can partner with you to meet your Scale at Speed™ imperatives, please visit For Further Queries: Disclaimer Certain statements in this release concerning the future prospects of Tech Mahindra Limited ('the Company' or 'TechM') are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company's actual results differ materially from such forward-looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
NDTV
2 hours ago
- Automotive
- NDTV
Maharashtra Deputy CM Eknath Shinde Takes Ride In Tesla Model Y: Watch Video
Tesla made its official debut in India with the inauguration of its first showroom in BKC, Mumbai. The US-based EV maker has also launched the Tesla Model Y. Welcoming the brand, Maharashtra's CM inaugurated the showroom yesterday and said that it is an important event in Maharashtra as Tesla has established its first showroom in the state. Tesla Model Y While the official inauguration event was reserved for the media on invite. It is today that the Mumbai-based Tesla showroom has welcomed the Maharashtra Deputy CM Eknath Shinde as their VIP guest. Recently, we came across a video that shows Shinde taking a joy ride outside Vidhan Bhawan, Mumbai, in a Tesla Model Y. The Deputy CM is accompanied by Transport Minister, Pratap Sanaik. The particular model driven by Shinde was a Tesla Model Y Pearl White Multi-Coat. View this post on Instagram A post shared by NDTV (@ndtv) After his joy ride in the newly launched Tesla Model Y, Eknath Shinde highlighted that it is a big deal that Tesla has opened its showroom in Mumbai, which is in a state with the highest foreign direct investment. Adding further, he said that the city has good infrastructure, and investors are ready to invest in the industry-friendly state. Talking about the details, the Tesla Model Y has been launched in India at a starting price of Rs 59.89 lakh (ex-showroom). It has two variants in the Indian market- RWD (rear-wheel drive) and long-range RWD versions of the vehicle, starting from 67.89 lakh (ex-showroom).
