Wednesday, August 14, 2024

IT firm Happiest Minds reports growth in BFSI vertical

Happiest Minds experienced a 540 basis point increase in its BFSI vertical, influenced by the acquisitions of Aureus and PureSoftware. These acquisitions also contributed to a sequential revenue rise of 11.2%. However, net profit declined by 29.1%, attributed to acquisition-related expenses. The company's headcount grew significantly in the quarter.

from Tech-Economic Times https://ift.tt/GxXi1BT

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...