CONTRACT
US CFPB data security 'not effective' after Trump clampdown, watchdog report says
A new audit reveals significant IT security lapses at the Consumer Financial Protection Bureau. The agency's data remains vulnerable after a White House clampdown. Contract cancellations and staff departures have worsened the situation. The agency has accepted the audit's recommendations for improvement. This follows efforts by the Trump administration to reduce the bureau's size and scope.
Palantir stock crashes as it crushed Wall Street expectations: Why is PLTR down today despite huge AI-fueled Q3 earnings beat
Palantir stock fell 2.9% after-hours despite a massive Q3 2025 earnings beat. Revenue jumped 63% to $1.181 billion, topping $1.09 billion estimates. Adjusted EPS hit $0.21, up 110%. GAAP net income surged 231% to $476 million. U.S. commercial revenue soared 121% to $397 million. Operating income rose 248% to $393 million. Cash hit $6.4 billion with no debt. Q4 revenue is guided to $1.33 billion, up 60%. Full-year 2025 guidance raised to $4.4 billion revenue and $2.15 billion operating income as AI demand explodes.
How AI is tilting India’s IT balance
The typical IT playbook of hiring software engineers offshore to drive tech projects is being rewritten with AI, Shristi Achar and Beena Parmar analyse.
Big manufacturing economies struggle as US tariffs hit order books
Global manufacturing faced a tough October. Weak demand from the United States and President Donald Trump's tariffs hit factory orders. Major economies like the Eurozone and China saw manufacturing activity slow or contract. While some countries experienced minor upticks, overall global factory output remained subdued. Exporters remained cautious about future demand.
US manufacturing contracts further in October; supplier delivery times lengthen
American factories saw a decline for the eighth month in a row during October. New orders remained low, and suppliers took longer to deliver materials. Tariffs on imported goods are impacting production. This trend continues despite some positive signs in consumer spending. Factory employment also showed weakness as companies manage headcount through layoffs and not filling vacancies.
IREN stock share price today rises after $9.7 billion Microsoft GPU cloud services deal. Here's companies statements, stock price performance and deal's impact on AI and cloud infrastructure market
IREN stock share price today surged over 20% after the company announced a $9.7 billion cloud services contract with Microsoft. The five-year agreement will provide access to NVIDIA GB300 GPUs, expanding IREN’s AI infrastructure operations and marking a major step beyond its bitcoin mining business.
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Bangladesh says contract with Adani could be scrapped in case of irregularities or corruption
Bangladesh's interim government is reviewing power contracts signed under the previous regime. An adviser stated that the Adani Group power deal could be cancelled if corruption is proven. A review committee has already found "massive governance failure" and "massive corruption" in the energy sector. The committee's final report is expected in January.
Microsoft signs $9.7 billion contract with IREN for Nvidia chips
Data center owner and operator IREN said on Monday it has signed a nearly $9.7 billion cloud services contract with Microsoft to provide the tech giant with access to Nvidia's GB300 processors over a five-year period.
White-collar hiring dips 9% in October as festive holidays slow recruitment
India's job market experienced a brief slowdown in October. Festive holidays impacted hiring across many sectors. However, underlying growth shows a stable outlook. Education, BPO, and specialized roles are leading the recovery. Emerging technologies and specific skills are in high demand. Entry-level hiring is also showing positive signs.
Zen Technologies shares rise 7% on Rs 289-crore order from defence ministry
Zen Technologies shares surged on Monday after announcing two major contracts worth Rs 289 crore from India's Ministry of Defence. These contracts are for upgrading Anti-Drone Systems. The upgrades will be completed within a year. This development follows recent operations highlighting the need for advanced drone defence. The company aims to keep India ahead in defence technology.
Dharan Infra-EPC signs Rs 215-cr supply agreement with Skymax Infrapower
Dharan Infra-EPC Ltd has landed an impressive Rs 215 crore project with Skymax Infrapower, aimed at constructing a 75 MW solar power facility in the Nanded district of Maharashtra. This ambitious venture, encompassing design, engineering, and installation, is scheduled to be completed between 2025 and 2027.
Saudi Arabia rejects Lionel Messi transfer offer for pre-World Cup training stint; Messi not elite enough for Saudi PIF standards? CR7, Neymar, Benzema are permanent contracts: Saudi vs US football dichotomy explained
Saudi Arabia declined Lionel Messi's short-term transfer offer before the 2026 World Cup, revealing the kingdom's preference for permanent signings over temporary arrangements. The rejection highlights fundamental differences between Saudi Pro League's investment model and MLS's seasonal structure, with Saudi officials refusing to serve as preparation platforms
SpaceX defends Starship amid concerns as NASA considers backup plan for Artemis 3 moon mission
SpaceX defends its Starship rocket's capabilities for NASA's Artemis 3 moon mission amid reports of NASA exploring backup options. The company presented a "simplified" plan to NASA, aiming for a faster return to the Moon while enhancing crew safety. Former NASA administrators have urged reconsideration of reliance on Starship due to development complexities and delays.
Mphasis Q2 Results: Net profit up 11% YoY to Rs 469 crore; revenue rises to Rs 3,902 crore
Mphasis reported a 10.79% increase in net profit to Rs 469 crore for the July-September quarter, with revenue rising 10.34% to Rs 3,901.91 crore. The company's CEO highlighted strong total contract value wins of USD 528 million, driven by early investments in AI and a focus on new-gen services.
Bharat Electronics shares in focus as Navratna firm secures Rs 732 crore in fresh defence orders
Bharat Electronics Ltd (BEL) announced fresh orders worth Rs 732 crore, expanding its strong order book and reinforcing its role in India’s defence manufacturing push. The new contracts cover advanced systems such as software-defined radios, missile components, and cybersecurity solutions. BEL expects additional orders worth Rs 27,000 crore this fiscal, potentially taking total inflows beyond Rs 50,000 crore in FY26.
Cochin Shipyard to raise ₹6,000 cr for capex
Cochin Shipyard is set to invest ₹6,000 crore over the next five to six years. Funding will come from government schemes, multilateral loans, blue bonds, and internal accruals. This investment will support shipbuilding, ship repair, and other ventures. New contracts and a strong order pipeline are driving this expansion. The company is also exploring a greenfield shipyard project.
'India gets 6-mths US sanctions waiver for Chabahar'
In a significant diplomatic win, India has successfully obtained a pivotal six-month extension for the US sanctions waiver on Chabahar Port, ensuring the continuation of its strategic regional connectivity initiatives with Afghanistan and Central Asia. This extension, which lasts until April 2026, reflects India's dedicated efforts through rigorous negotiations.
NHAI saves over Rs 2,000 crore in toll collection charges
The National Highways Authority of India (NHAI) has significantly reduced toll collection charges, saving Rs 2062 crore in FY 2024-25. This reduction, from 17.27% to 9.27%, is attributed to initiatives like close contract monitoring, timely bidding, and minimizing short-term contracts. NHAI also introduced a 'Windfall Gain' clause to prevent excessive profits for toll collection agencies.
Saudi Arabia implements stricter employment contract rules with new digital verification system
Saudi Arabia is introducing stricter labor contract rules. All employment agreements must now be registered on two government platforms. This includes details like addresses and salary payment dates. New measures also ensure timely wage payments for workers. These changes aim to boost transparency and protect employees in the private sector. Employers must comply to avoid penalties.
Pakistan cricket team hit by another storm, Mohammad Rizwan revolts against Mohsin Naqvi-led PCB
Mohammad Rizwan has refused to sign his new central contract with the Pakistan Cricket Board (PCB) after being demoted to Category B. The wicketkeeper-batter is reportedly seeking clarity on his captaincy and demanding respect for senior players, adding to the ongoing chaos in Pakistan cricket.
L&T wins Rs 2,500 crore - Rs 5,000 crore power transmission & distribution business order in Saudi Arabia
Larsen & Toubro's Power Transmission & Distribution division has secured significant grid infrastructure contracts in Saudi Arabia. These orders involve building a 380/33 kV gas-insulated substation and developing over 420 kilometers of 380 kV overhead transmission lines. This expansion will bolster Saudi Arabia's power infrastructure to support its renewable energy program.
Apple ordered to pay French operators €39 million over iPhone sales
A French court has ordered Apple to pay approximately 39 million euros to mobile network operators for imposing unfair contract conditions related to iPhone sales. The ruling also includes an eight million euro fine. Apple intends to appeal the decision, which concerns contracts from over a decade ago and voids clauses dictating sales targets and retail prices.
Shohei Ohtani's Net Worth: Salary, Contracts and Endorsements - All you need to know about Dodgers superstar
Japanese superstar Shohei Ohtani's net worth is estimated at $150 million as of 2025, fueled by his record-breaking $700 million Dodgers contract and over $100 million annually in endorsements. This innovative deal, with significant deferrals, showcases his sharp business acumen alongside his unparalleled athletic talent on and off the field.
Lionel Messi keeps 2026 FIFA World Cup hope alive despite age concern
Lionel Messi hopes to play in the 2026 World Cup, but his decision hinges on his fitness as he approaches 39. Having extended his contract with Inter Miami through 2028, Messi expressed his desire to be a useful part of Argentina's title defense. He will assess his condition next year before making a final choice about participating in the tournament.
Karnataka flags safety issues with e-mobility scheme, calls for stringent contract terms
Karnataka's Transport Minister has raised serious concerns about electric buses operated by private firms in Bengaluru. Frequent breakdowns, driver strikes, and a rise in accidents are impacting services. The minister is urging for stricter clauses in future tenders to ensure better driver training and operational standards.
LTIMindtree bags $100 million order from US chemical firm
LTIMindtree secured a significant multi-year deal worth over $100 million with a US-based chemical manufacturer. The contract will see the IT services firm deliver comprehensive IT solutions, focusing on cost optimization and innovation through AI and automation. This strategic win bolsters LTIMindtree's growing AI capabilities and its commitment to becoming an AI-centric organization.
TCS denies losing UK’s Marks & Spencer contract over £300 million cyberattack
In a clarification to stock exchanges on Monday, TCS termed the report 'misleading' and 'factually inaccurate', including the size of the contract and the continuity of its work with M&S.
Boeing union sets October 26 vote on contract offer for 3,200 striking workers
Boeing's striking workers will vote on October 26 on a revised contract offer. The International Association of Machinists and Aerospace Workers represents over 3,200 employees. The offer includes modifications to the original proposal. Workers have been on strike for approximately 80 days. This vote could bring an end to the prolonged industrial action.
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