Super Micro Computer Inc., widely known as Supermicro, has captured market attention with a dramatic 37% surge in its stock price. This sharp rebound comes after the company unveiled significant measures to address compliance concerns, including appointing a new independent auditor and filing a compliance plan with Nasdaq. These actions are being hailed as pivotal […]
Super Micro Computer Inc., a major player in the data center hardware sector, is facing turbulent times as its stock took a sharp dive after the company revealed a severe downward revision of its sales forecasts for the September and December quarters. The San Jose-based tech giant, already under scrutiny for alleged accounting mismanagement, is […]
BLS International Services Limited, a prominent player in visa processing and consular services, has announced the acquisition of a 51% stake in SLW Media, a leading sports management firm with a strong focus on the golf industry. This move, finalised on October 17, 2024, positions BLS International to enhance its brand in the upscale market […]
In a robust performance, Ernst & Young reported a 3.8% growth in global revenue for the fiscal year ending June 2024, reaching a total of $51.22 billion. This steady increase highlights the firm’s focus on innovation, technology, and strategic global expansion, despite the broader challenges of the economic landscape. Ernst & Young records revenue growth […]
In a heart-wrenching development, Congress MP Shashi Tharoor is pushing for a landmark change in workplace laws after the shocking death of Ernst & Young employee Anna Sebastian Perayil. Tharoor, speaking after a deeply emotional conversation with her father, Sibi Joseph, vowed to propose legislation in Parliament that would limit working hours to eight per […]
In a significant development in the healthcare sector, Astrana Health, Inc. (NASDAQ: ASTH), a leading technology-powered healthcare provider, has announced a definitive agreement to acquire Collaborative Health Systems (CHS). This acquisition, involving CHS—an entity of Centene Corporation (NYSE: CNC), a prominent healthcare enterprise—is poised to enhance Astrana’s ability to deliver high-quality, value-based care across the […]
Happiest Minds Technologies has acquired Sri Mookambika Infosolutions (SMI), a Madurai-based IT services company in a deal worth INR 111 crores. The consideration will be paid via a mix of upfront and deferred equity, said the India-based Mindful IT Company. Sri Mookambika Infosolutions is engaged in providing product engineering services to its customers in the […]
Srei Equipment Finance (SEFL) said that it has received expression of interest from Arena Investors and Makara Capital Partners for investing up to $250 million in the company. The Indian infrastructure financing services provider said that its strategic coordination committee (SCC) chaired by Malay Mukherjee will carry out negotiations with the two private equity funds […]