Fair trade regulator CCI on Tuesday cleared Bajaj Group's proposed acquisition of a 26 per cent stake each in its insurance joint ventures, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, from its partner Allianz SE for a total of Rs 24,180 crore. "The proposed combination involves acquisition of 26 per cent paid-up equity share capital of Bajaj Allianz Life Insurance Company Ltd (BALIC) and Bajaj Allianz General Insurance Company Ltd (BAGIC) by Bajaj Finserv Ltd (BFS), Bajaj Holdings & Investment Ltd (BHIL) and Jamnalal Sons Pvt Ltd (JSPL) from Allianz SE," the regulator said in a release.
'It is good to have the H1-B visa option but if tomorrow things happen to change, it is not the end of the world situation.'
'Keeping a bench increases cost. If you keep a bench, the skills may not remain relevant.' 'In the future, bench strength will literally be zero.'
'Nobody asked us to work on this. It was on our own that we decided to embark on this journey.'
The June quarter is usually considered as a seasonally strong period for the IT sector.
IT services firms' revenue growth in the fourth quarter will be affected by macro-driven headwinds, lower working-days, and the fact of the three-month period being low season. Analysts are expecting FY24 growth to be muted. Revenue growth will decline 600-700 basis points to 10-12 per cent for FY24, said a CRISIL Ratings report. The 10-12 per cent growth rate is a fall from the 18-20 per cent expected in FY23 and around 19 per cent growth in FY22, the highest in eight years, said the CRISIL Ratings report.
The government has proposed "drastic changes" in the rules framed to retune the composition of three committees of the RBI: Board for Financial Supervision, the Board for Payment and Settlement Systems and the Committee of the Central Board.
After removing three PSBs - BoI, Mahabank and OBC from the framework, RBI, on Tuesday, took out three commercial banks - Allahabad, Corporation and Dhanlaxmi from the said list.
The Centre's proposal to call for governance reform in the RBI could, however, take a back seat, a source privy to the development said.
'Even during the pandemic we did it.' 'We think it's our responsibility to make sure that we manage the uncertainty.'
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
Given the pressure from India Inc and the banking fraternity, it is surmised that the portfolio rejig will take place before April.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Amidst difficult times with the slowdown in the global economies, the IT-ITES sector seek some respite in terms of extension of STP scheme and some relief on the FBT regulations.
The trend is expected to remain bullish in 2015, global consultancy Grant Thornton said
Cognizant's consulting practice today has 5,500 consultants, perhaps one of the highest numbers when compared to Indian IT players.
This time, not only would the job cuts be higher, but they would be even more broad-based, encompassing various levels of employees.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
TCS reported a 5.8 per cent rise in revenue at Rs 27,165 crore.
'His (Das) approach to work seems that of working as a team with ease in communication.'
A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action.
The country's largest software exporter Tata Consultancy Services on Monday reported a stellar 72.7 per cent growth in net profit at Rs 6,413 crore for the fourth quarter of last fiscal ended March 31.
N Ganapathy Subramaniam, chief operating officer (COO), discusses the strategy to concert digital opportunities to larger deals, focus on reskilling own people instead of acquiring a company to get access to skillsets and demand from newer verticals in an interview with Romita Majumdar
CEO probable says the new role as president could not have come at a better time
'We are at a time and position that we do not need higher number of visas.'
The third quarter generally has more holidays.
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