Infosys receives four rating downgrades in one day due to weakened annual sales forecast
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Business Standard
business-standard.com

Infosys receives four rating downgrades in one day due to weakened annual sales forecast

Infosys Ltd. has been downgraded by at least four analysts in a single day after the second-largest software exporter in India revised its annual sales forecast, intensifying concerns about disruptions caused by artificial intelligence.

According to data collected by Bloomberg, among the brokers who lowered their ratings on Monday were Axis Capital Ltd., Arihant Capital Markets Ltd., and IIFL Capital Services Ltd. Three other companies also lowered their recommendations over the weekend, leading to a consensus rating drop to 3.7 out of 5, the lowest figure since January 2024.

Such downgrades for a sector flagship threaten to undermine the nascent recovery in the Indian tech stock market, despite the Nifty IT index moving towards its best month since July. However, concerns are growing regarding high levels of debt used to finance global AI development.

Infosys's reduction in the annual sales forecast indicates that a broad recovery in IT budgets has not yet occurred. The company reported late Friday that revenue will grow by 1% to 2% in the fiscal year ending March 2027, in constant currency, which is below analyst estimates of slightly over 2%.

India's software services industry, valued at over $280 billion, is facing a downturn. Companies are curbing spending amid geopolitical crises such as the conflict with Iran, rising energy prices, and increased inflation.

Infosys shares have fallen 28% this year due to ongoing concerns about its ability to handle the impact of AI. The average target price from 44 analysts stands at 1200 rupees, and at the start of trading on Tuesday, shares plummeted by approximately 3%, reaching 1132.2 rupees.

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Justice authorizes Grupo Ocean to take over Hotel Tambaú in João Pessoa after judicial dispute
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g1.globo.com

Justice authorizes Grupo Ocean to take over Hotel Tambaú in João Pessoa after judicial dispute

The Court of Rio de Janeiro granted permission for Grupo Ocean, formerly known as Grupo A. Gaspar, from Rio Grande do Norte, to assume ownership of the Hotel Tambaú, located in João Pessoa. This determination concludes the legal controversy regarding the validity of the auction, which began in February 2021.

The decision was issued on Thursday, the 22nd, by Judge Artur Eduardo Magalhães Ferreira, acting in the 1st Business Court of Rio de Janeiro. Through this act, the issuance of the deed of sale and the writ of possession of the property was ordered.

As stated in the decision, the Superior Court of Justice (STJ) definitively resolved the issue of the auction. In May 2025, the Fourth Panel of the court unanimously validated the result of the hotel's second auction, in which the group from Rio Grande do Norte was declared the winner.

Judicial Dispute

The dispute over the hotel's possession involves Grupo Ocean and Ampar Hotelaria, based in Paraíba. The establishment was subjected to two auctions, and the results of these processes were legally contested over the past few years.

Hotel Tambaú was auctioned in February 2021 for a value of R$ 40.6 million during a judicial auction. This auction was held to settle labor debts of the hotel chain that managed the property, which was linked to the bankruptcy estate of Grupo Varig and Rede Tropical de Hotéis.

Discussions on Indemnities

In the most recent deliberation, the magistrate also specified that any requests for compensation for damages resulting from the period of property occupation, as well as charges related to improvements made to the hotel, will not be evaluated within the bankruptcy process.

The understanding presented is that the bankruptcy procedure primarily aims to organize the assets of the bankrupt company and ensure payment to creditors, and it is not the appropriate forum to judge claims for damage repair. Thus, interested parties, such as Ampar Hotelaria or the bankruptcy estate itself, will need to file separate lawsuits in common court to debate possible reimbursements or indemnities.

History and Architecture of Hotel Tambaú

Considered one of the central tourist attractions on the waterfront of João Pessoa, Hotel Tambaú was inaugurated at the beginning of the 1970s and represented an architectural and tourist milestone for the city. However, the hotel had to be auctioned to cover debts of Rede Tropical de Hotéis, which belonged to the former Varig.

The building was erected on the sands of Tambaú beach in the 1970s, a time when the area had a very different landscape. According to historian Maiara Belo, before the 1950s, the region was predominantly inhabited by fishermen. The arrival of Epitácio Pessoa Avenue, which connects the Center to the beach, spurred urban restructuring, leading the wealthier class residing in the central area—the cradle of the city—to move to the waterfront.

Maiara Belo describes the hotel as belonging to a modernist architectural school, reflecting the national urbanization process. She points out that the hotel's characteristics symbolize a moment of prosperity, austerity, and confidence in the country and the region, while it was fully developing. The hotel was conceived as a luxury and high-standard accommodation, becoming a reference for prominent Brazilian and international figures.

With 173 apartments, almost all offering sea or internal garden views, its architectural design was conceived by Sérgio Bernardes. The hotel was part of Rede Tropical de Hotéis, which belonged to the former Varig. After facing difficulties starting in 2006, it closed its doors in 2020. In 2020 and 2021, auctions took place to settle the network's debts, and the location was auctioned on two occasions, generating judicial questions.

The chronology of the dispute reveals that Hotel Tambaú was auctioned by Grupo A. Gaspar (later renamed Grupo Ocean) from Rio Grande do Norte in October 2020, for R$ 40.02 million. Grupo A. Gaspar withdrew, allowing the second bidder, journalist and lawyer from Paraíba Rui Galdino, to take over with a bid of R$ 40 million. However, Rui Galdino claimed his actual bid was R$ 15 million and also withdrew.

A second auction was called. Rui Galdino later reconsidered and stated that he would pay the R$ 40 million from the first auction. He made the down payment and the auctioneer's commission, dividing the remaining balance into 12 installments, but failed to honor these payments. Grupo A. Gaspar won the second auction with a bid of R$ 40.6 million in February 2021, paying the first installment and dividing the rest into 80 payments. Rui Galdino was replaced in the process by André Amaral, a Paraíba businessman and politician, partner of Ampar Hotelaria.

In June 2022, Ampar paid off all overdue and pending installments from Rui Galdino's initial bid, in addition to paying taxes such as ITBI and Union Heritage fees, formalizing its position as owner of Hotel Tambaú. Subsequently, the Court of Justice of Rio de Janeiro annulled the second auction and confirmed the result of the first auction, validating Rui Galdino's victory. Grupo A. Gaspar challenged this decision before the STJ, arguing that Ampar had not participated in the auction. Despite this, A. Gaspar continued making payments for the installments related to the second auction, until the STJ ruled in favor of A. Gaspar, granting the subsidiary company the right of possession of the hotel.

Selection of the best vacuum robots on sale on Amazon to facilitate home cleaning
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olhardigital.com.br

Selection of the best vacuum robots on sale on Amazon to facilitate home cleaning

Keeping the house clean has become significantly simpler thanks to robotic vacuum cleaners, and there are currently good deals available on Amazon for those seeking this convenience. Three notable models from recognized brands equipped with useful daily functionalities have been gathered.

WAP Vacuum Robot ROBOT W400 3 in 1

The WAP Robot W400 is a 3-in-1 multifunctional robot that simultaneously vacuums, sweeps, and washes. Featuring a 300ml capacity, voice assistant compatibility, and 30W power, it operates autonomously and adapts well to various floor types, making it ideal for those who prefer voice control.

Additionally, the WAP Robot W90 also combines three operations into a single device—vacuuming, sweeping, and washing—with a 250ml reservoir and an anti-fall system that prevents the robot from falling down stairs or steps. This model represents a more compact and economical alternative from WAP, suitable for medium-sized homes or apartments.

Xiaomi Smart Vacuum Cleaner S40C (XM865BRA)

Xiaomi has integrated strongly into this sector with the S40C model, a smart vacuum robot that offers advanced navigation, environment mapping, and integration with the brand's connected ecosystem. Featuring an elegant white design, it combines high cleaning performance with practical control via an application.

It is important to note that the stock of these promotions on Amazon tends to be variable, recommending checking each option immediately to prevent products from running out or commercial conditions from changing. Readers are encouraged to click on the provided links to identify which model best suits their routine.

Calculating the Cost of Importing an Old Car from the USA to Brazil: Experience and Expenses
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flatout.com.br

Calculating the Cost of Importing an Old Car from the USA to Brazil: Experience and Expenses

Every year at the beginning of the year, a list of cars that have reached thirty years old is published, and they become eligible for import. While discovering that a certain model can now be imported into Brazil brings excitement, this feeling quickly gives way to disappointment when approximating the final cost of that car in Brazil. For example, a car listed for $10,000 USD might cost 50,000 Brazilian Reais before you even start thinking about shipping it.

The exchange rate reflects our economic history: decades of inflation, crises, instability, and distrust in the Brazilian currency are evident even when purchasing a 30-year-old car. Added to this is our tax chaos, which levies high taxes even on used goods imported for personal use or collection, as if they were direct competitors to the latest products of domestic industry.

However, this is only the first hurdle. A quick calculation summing up the car's price, freight, and taxes allows for an estimate of the cost of bringing this American classic into Brazil. The problem is that this calculation does not account for everything. There are other costs, requirements, and procedures that arise during the process but are not included in Customs regulations.

To find out what lies between the advertisement of an American car and its arrival, legalized and registered in a Brazilian garage, we spoke with Mario Zerbetto, who imported a Corvette C4 along with his friend Pedro, who brought a Dodge Ram 2500. They shared a container to reduce costs and faced six months of bureaucracy, travel across the United States, and some unforeseen circumstances before they could put both cars in the garage. Mario shares his experience and, most importantly, how much such an import costs, using a simulation to divide expenses without revealing private vehicle prices.

During a casual conversation, typical of enthusiasts who enjoy complicating their lives and do not refuse a good adventure, a plan emerged: 'Let's expand the search radius for lasagna. Let's import!' We decided to bring this big idea, which every enthusiast has thought of, to life. And we did it twofold!

My partner in this venture was my friend Pedro, who lives in South Carolina. I have a background in foreign trade and worked in the field for many years (though not in the automotive segment), while he already had experience shipping Brazilian cars to the USA and was 'at the source,' having the opportunity to visit and assess our targets. It was a promising partnership: two motivated enthusiasts, two unselected cars, and one 40-foot container for shared use, which allowed logistics costs to be diluted. We started!

The Search: When Cars Choose You

The main initial question for someone with broad and eclectic automotive taste: which model to buy? In fact, even in the domestic market, I believe it is not me choosing the cars—it is them choosing me. I followed this philosophy, with an open mind and several options in the search queries, spending days looking for opportunities and exchanging opinions with Pedro about candidates.

He decided first, and quite impressively: a genuine American pickup, a 1996 Dodge Ram 2500 with an extended cab, equipped with the famous Cummins 6BT engine—a legendary turbocharged six-cylinder diesel engine—and powerful 4x4 drive. It was a worthy choice that raised the bar for me to find something equally incredible.

We continued searching until he provided a result. We found an authentic American muscle car, a classic from Uncle Sam's generation with an obvious V8: the Chevrolet Corvette C4. But this was not just any specimen. Although over 300,000 Corvettes of this generation were produced, we stumbled upon a rare find: a 1993 model from the anniversary series celebrating the 40th Anniversary.

Besides the iconic monochrome combination of body and Ruby Red interior characteristic of this version, the car was a convertible with a fabric top and had a rare hardtop. As a bonus, it featured a third pedal for controlling the desired six-speed ZF manual transmission connected to the LT1 V8 engine! The price was attractive, and the car was located within a reasonable 150 miles of Pedro's home, who quickly inspected it and made a decision. The Corvette was ours. Remember that over 300,000 units were produced? In this specific configuration of our unit, the number is approximately 500, and that is without counting the optional hardtop, which makes the car even more exclusive.

Bureaucracy Before Fun

After completing the first part of the mission, we moved on to bureaucratic procedures. The process begins with collecting all documentation, photos, and data required to apply for an Import License (LI) as a collector's vehicle. For this, the car must be older than 30 years, and certification of the vehicle and importer is required by the classic car club affiliated with the Brazilian Federation of Old Vehicles (FBVA). At this stage, the registration of the individual in the Federal Revenue Service (Receita Federal) system and the issuance of the Certificate of Conformity to Transport Legislation (CAT) by the National Transport Secretariat (Senatran) also takes place.

This documentation process took about 45 days before shipment, until permission to deliver the cargo to the port—in our case, Fort Lauderdale, Florida, about 800 miles from Pedro's home, where the cars were waiting—was obtained. Initially, logistically, both vehicles were supposed to be delivered by a carrier to a warehouse in Miami, where they would be prepared and placed in a container. However, on the way, another 'great' idea struck us!

Why pay for transport when you can take a road trip? Since we were going to spend money on a carrier anyway, why not use that money to drive the cars to Miami as part of a road trip? I wouldn't miss such an opportunity. I bought a last-minute promo ticket and headed to the States, with a layover in Miami and a final landing in Charlotte, where Pedro met me, who was already on vacation and ready to travel. The first day we spent in his region, visited the BMW factory museum in Spartanburg, and prepared the cars. Since the Ram was equipped with large off-road tires and had a minor issue with engaging the overdrive gear, we decided to be cautious and sent it with a carrier. We continued the route in the Corvette, which had successfully completed the purchase trip.

The next day we hit the road and decided to extend the route by 200 miles to visit the headquarters of the renowned FuelTech in Ball Ground, Georgia, hoping to meet CEO Dick Anderson, a big classic car enthusiast. This succeeded: through a mutual friend who established contact, we were warmly welcomed for a discussion and a tour of the company's projects. From there, we left the outskirts of Atlanta and headed to Florida, crossing all of Georgia on the first day to reach the coast in historic St. Augustine. A drive, a few well-deserved beers, and relaxation.

The next morning we got off the highways and chose the classic US Route 1, enjoying the coastal road to the mandatory stop: Daytona Beach. Two car lovers on a road trip couldn't miss the cradle of NASCAR, could they? As soon as we parked the Corvette at the museum entrance, a guard approached us, complimented the car, and immediately noted how rare the hardtop was. When we told him about our mission to bring it to Brazil, he was impressed and congratulated us. We couldn't visit the track because a mega-structure for a rock festival starting the next day was under construction. Returning to the road, we changed plans, deciding not to make another stop and heading straight to Miami on the highway, gaining an extra day in the city before handing over the car.

Dragon's Juice on Collins Avenue

We arrived late in the evening, checked into a hotel, dropped off our bags, showered, and went out to dinner. After crossing the famous Ocean Drive, we drove down the parallel Collins Avenue, looking for parking. Suddenly, right while maneuvering, the V8 started sputtering. Pedro was driving: when he accelerated, the car stalled until it completely died. He looked at me and said, 'Out of gas!' The heavy traffic we encountered, combined with the thirst of the LT1 eight cylinders in the city, played a joke on us. But classic car enthusiasts are unfazed: we opened Google, found a gas station within a 10-minute walk, bought a jerrycan, returned, and poured 'dragon's juice' into the tank. The engine ran smoothly again on the first start, and we were back in the game!

The next day we drove around Miami several more times, dropped Pedro off at Fort Lauderdale airport, handed over the Corvette to the logistics warehouse, and called an Uber to get to our flight. The first half of the mission was complete.

The Scary Red Channel and the Final Test of Patience

From this point on, the sea operation began: preparing the cars, loading them into the container, and boarding the cargo ship. Two weeks later, the pair arrived at the Port of Santos, beginning customs clearance. This is where the Federal Revenue Service parameterization occurs, which determines the level of cargo inspection. In our case, we were assigned the dreaded Red Channel, requiring thorough documentary analysis and detailed physical inspection of the vehicles. This is a tense and longer process, but since everything was strictly in accordance with the law, the cargo was approved and released four weeks after arriving at the port.

When the cars were finally in our hands, there remained the last—and most tedious—bureaucratic step that many forget to mention: sending documentation to Senatran in Brasília for preliminary registration in the National Index Database (BIN). In our case, this stage took a long two months. Only after this registration could the declarant request registration at the local Detran, and only then did it happen quickly, following the same rules as a new car.

Grand Finale: 700 km to the Isle of Wonders

To conclude the journey on a high note, one detail was missing. The Ram was already home, shipped directly to Florianópolis by a carrier, but the Corvette was waiting in São Paulo for license plate issuance. Since we had driven the car to the port in the USA, it was fair to drive it home in Brazil! Full tank, installed plates, and 700 kilometers of asphalt ahead to Floripa. A perfect trip and a mission accomplished: six months after starting the project, we had both American classic cars properly nationalized, documented, and displayed on the Isle of Wonders!

And now let's calculate: how much did it cost? After completing the entire import and nationalization process, we reached the most curious moment: how much did it cost? Is it worth it? In my opinion, yes—and very much! But before revealing the figures, it is worth adding an important note: people always ask about the 'percentage increase' over the car's value required by the process. In practice, this calculation is variable because there are many fixed operational fees throughout the entire process. That is, the higher the value of the car purchased there, the less the percentage impact of these costs on the final cost. And sharing the container between two cars helps dilute most of these costs.

To simplify the explanation, we will conduct a practical simulation, assuming a classic bought for $10,000 USD, transported in a shared container with another vehicle. The following values are illustrative and do not necessarily correspond to the private expenses in our story:

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