Historically, Tata Steel has always been among the biggest companies in the group in terms of m-cap, revenue, and profit but its fortunes began to decline after 2010 due to a sharp decline in the profitability of its European operations that it had acquired in 2007. The company was hit by a sharp rise in its debt level after this acquisition. First, it lost out to Tata Motors in terms of revenue in FY11 and then in March 2015, Titan beat it to become the third-biggest firm in the group in terms of m-cap. In FY20, TCS reported higher revenue and Tata Steel had become the third biggest company in that terms.
E-commerce firms Amazon, Flipkart, and others are expected to witness blockbuster festival season sales of around $9 billion this year, surpassing pre-pandemic sales of $5 billion in 2019. The pandemic has accelerated the shift to e-commerce, with more consumers shopping online at a higher frequency than last year, observed analysts. This year's festival sales (gross merchandise value or GMV) are expected to grow 30 per cent year-on-year (YoY) to $4.8 billion during the first week of the season and potentially clock over $9-billion GMV during the whole festival month, revealed consulting firm RedSeer's e-commerce festival season report.
Olympic silver medallist Belgium created history by making their maiden appearance in the men's hockey World Cup summit clash, thrashing England 6-0 in a lopsided first semi-final.
Sri Lanka fast bowler Suranga Lakmal was fined for firing two successive beamers at England's Jos Buttler, an action for which he showed "no remorse", the International Cricket Council said.
The International Cricket Council named four World Cup winners in a 25-member match officials' team for Cricket World Cup 2015, which will be co-hosted by Australia and New Zealand from February 14 to March 29. The team includes five officials from the elite panel of ICC match referees, 12 umpires from the elite panel of ICC umpires and eight umpires from the international panel of ICC umpires.
Chaman Bahaar is a lazy, laborious, ride, says Joginder Tuteja.
Ishan Kishan said he is learning about various aspects of the game from his seniors Kieron Pollard and Hardik Pandya.
The government must send out a clear signal that leadership positions at regulatory bodies are not a preserve of retired government officials, argues A K Bhattacharya.
Chirag said "it is difficult to stay motivated" in such uncertain times.
India all-rounder Ravindra Jadeja was fined 50 percent of his match fee after being found guilty of a Level 1 breach of the ICC Code of Code for Players and Player Support Personnel for his involvement in an incident with James Anderson during the second day of the first Test against England in Nottingham.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
Satyajit Ray would have been a hundred years old on May 2. To mark the legendary film-maker's birth centenary, Rediff.com bring you a treasure trove of features from our archives.
The Biden administration has indicated that it is still undecided on ending the Trump-era ban on issuing new H-1B visas, with the Homeland Security Secretary Alejandro Mayorkas asserting that the US government's top priority is the acute needs of individuals fleeing persecution. The H-1B visa, the most sought after among Indian IT professionals, is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
'We hope to make parents aware that it takes only a few minutes in a day to be with your children so that they feel they are the most important person at that time.'
Although Ojha's international career never took off, the Ujjain-born player has played 146 first-class games notching up 9,753 runs
India will argue that they didn't take any undue advantage from the concussion substitute rule.
The first T20 International between India and Sri Lanka in Guwahati on Sunday was abandoned due to damp patches on the track, with Assam Cricket Association (ACA) groundsmen failing to prevent the rain water from seeping into the covers. The umpires held several inspections but the dampness on the pitch did not allow a single ball to be bowled, much to the disappointment of a strong 35000 crowd at Barsapara Cricket Stadium, which was hosting only its second T20I.
Andhra Pradesh on Wednesday took the historic step of interlinking its two major rivers Godavari and Krishna, a development that is being seen as a boon for farmers of Krishna delta who are facing water scarcity.
The Malaysian government is considering curbing Internet use for teens between midnight and 6 am. Should India follow suit?
This year, festive sales are expected to push up the annual gross merchandise value of e-commerce companies to around $38 billion, a 40 per cent growth over the previous year.
Du Plessis will sit out the final match of the series starting in Johannesburg on Friday
Fake news, much like the golden deer in the Ramayana, is leading the world into chaos, says Arundhuti Dasgupta.
''The OTT platform has been taken over by dark dramas and thrillers.' 'So Baarish 2 is a enjoyable breeze.'
They are straight out of the Mills & Boons novel. Some of them fly their own helicopter, some stay in a castle, and yes, they have all the money in the world.
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
'Remember, if an app breaks the rules while giving you money, it will also break them while collecting.'
Play was halted for a few minutes on the fourth day of the third Test between India and Australia after the visiting players complained of abuse from the crowd at the Sydney Cricket Ground on Sunday.
We asked you, dear readers to share your funny, embarrassing, humiliating or painful 'period' stories.
Rajneesh Gupta highlights all the important numbers of the Australian team from World Cups.
'I want to have a long lasting and impactful presence as an artist on the screen and keep surprising myself.'
Kohli was full of praise for all his players but singled out Jadeja and Chahal for their efforts.
Restrictions continue to be imposed for the 66th consecutive day since the abrogation of the state's special status under Article 370 on August 5.
'We were not trying to outshine each other, we were just trying to be sincere and honest to what was given.' 'We spent quality time with each other, so there was no room for any negativity or insecurity.'
Memorable moments from Shane Warne's glittering career.
The International Cricket Council on Wednesday confirmed that, after receiving legal submissions from the Board of Control for Cricket in India, it has accepted Ravindra Jadeja's request for an appeal against the recent decision by ICC match referee David Boon.
'Whatever I did, I did for the farmers and whatever I am doing, I am doing for the country'
'I was almost forgotten after Filmistaan as nothing substantial, or should I say, successful in terms of box office, came my way.'
As the second wave of the Covid-19 pandemic abates, India's automakers are hopeful of a quick recovery in sales volumes, led by better rural sentiment, low interest rates, improved availability of finance and a gradual uptick in business and economic activity. In fact, companies have started to ramp up production already, encouraged by high order books and the growing preference for private transport in both rural and urban areas as a means to avoid infections. In early April, the industry had been bullish as the sales trend for March showed that the effects of the Covid-19 pandemic had been left behind. The total vehicle sales had grown by 77 per cent, albeit on a lower base, and for the past few months, sales had consistently touched 300,000 units per month.
With mosques shut, workers and daily wage workers are left to fend for themselves, underscoring once again the magnitude of the crisis of unemployment and poverty triggered by the lockdown, which began on March 25 to stem the spread of the coronavirus.
The presence of many players who are deep into their 30s is a boon and not bane for Chennai Super Kings as they head into the 13th IPL after the long coronavirus-forced break, the team's bowling coach Lakshmipathy Balaji said on Wednesday.
