BENGALURU: Persistent Systems’ $1.5-billion bridge financing from Barclays for its proposed acquisition of German IT firm Nagarro is the latest sign that Indian IT companies are increasingly comfortable using debt to fund transformative acquisitions. This marks a departure from the industry’s long-standing preference for cash-rich, debt-free balance sheets.The financing, backed by a corporate guarantee of … Read more
British teachers to get pay rises from September. Teachers in England will receive pay rises that are expected to outpace inflation over the next two years, after the UK government accepted recommendations from an independent review body.The move, however, has failed to satisfy the country’s largest teaching union, which is weighing strike action over concerns … Read more
Labour Party’s Andy Burnham UK Prime Minister Keir Starmer’s ambitious £298-billion Defence Investment Plan (DIP) has sparked a political row after it emerged that nearly £5 billion required to fund the programme has yet to be identified, potentially leaving his expected successor Andy Burnham with a major fiscal challenge.The four-year plan includes an additional £15 … Read more