ITC was the top laggard in the Sensex pack, tanking 6.97 per cent, followed by L&T, HDFC, SBI, ONGC, ICICI Bank and IndusInd Bank.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Last November, a lawyer for Future Retail Limited (FRL) told Delhi high court that Amazon is interfering with its lawful business and thousands may lose their jobs and FRL may go bankrupt. Senior advocate Harish Salve, who appeared for FRL, likened Amazon to East India Company. Senior advocate Gopal Subramanium, who represented Amazon, told the Future counsel to keep the "East India Company" rhetoric aside, as Amazon has invested $6.5 billion all over India and created 900,000 jobs. This drama played out in the case in which Amazon has challenged Future's $3.4-billion deal with Reliance, alleging the retailer's deal breached an agreement with the American e-commerce firm.
Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
Technology evolution forces private players to downsize operations.
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
Before his departure, Putin visited software major Infosys on the outskirts of Bangalore and defence undertaking Hindustan Aeronautics Limited.
After quitting Infosys Technologies Limited as its senior vice-president and group head, human resources, Hema Ravichandar has now joined Mercer Human Resource Consulting as an independent consultant.
Kiran Vissa, co-convenor of National Alliance for Sustainable Agriculture, said that amendments to the EC Act have nothing to do with farmers' welfare but instead meant to please big players and agriculture companies. This is because small and marginal farmers don't have the storage capacity to attract provisions of the EC Act.
India had failed to build world-class educational institutions due to government regulation in the higher education system giving limited opportunities to colleges and universities to adapt and change, says the Infosys boss.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
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Fund managers say the recent fall is not going to sustain.
The Chandigarh administration has approved the allotment of 30 acres of land to Wipro Technologies Limited in the second phase of the Rajiv Gandhi Chandigarh Technology Park.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sensex dull at close, Infosys rules, ITC drags.
India's large population can become a liability rather than an advantage as limited progress in human resources development has been made so far, Infosys chairman N R Narayana Murthy said.
Students will have more H1Bs to count on after they graduate.
Auto and index heavyweights Reliance Industries and ITC were the top losers in early trades.
In 2011, the Trinamool manifesto had said, the government would not allow SEZs in West Bengal, to protect multi-crop lands.
He was accompanied by Hindustan Lever Limited chairman Vindi Banga, ICICI CEO K V Kamath and a member of the Board of Governors.
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The idea that technology and startups with newer business models will not disrupt traditional businesses has been thrown out the window.
Additional levy to eat into Rs 6,000-crore income of top promoters
Robotics is making inroads into HR, but will not replace the function any time soon, experts say.
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The breadth, indicating the overall health of the market, was slightly positive
Elliott Capital's letter to Cognizant, detailing how the latter can reinvent itself, has many lessons for its India-listed peers like TCS and Infosys, says Akash Prakash.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
As record stock market rally continues, the value of shares directly owned by next-generation business leaders at 20 major corporate houses has soared over 18 per cent to Rs 17,000 crore.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Nifty closed at 10,335.30, down 28.35 points, or 0.27 per cent.
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