Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.
'We spent considerable time re-skilling all the employees, and then we created a new focus called the 'One Infosys'.'
On October 29, WhatsApp announced it was suing NSO Group for selling its software, Pegasus, which has the ability to compromise a device and get access to all of a target's data. Spooked by revelations that activists and journalists were spied upon by using NSO Group's spyware, many have moved to alternative messaging platforms such as Signal and Telegram.
The Indian FMCG industry has recorded a 9.4 per cent growth in the January-March quarter of 2021, helped by a consumption-led growth and value growth by increased prices of products, especially of staples, said data analytics firm Nielsen. The rural market continued to perform with strong growth of 14.6 per cent during the period and the metro markets have registered a positive growth after two quarters. Fast Moving Consumer Goods (FMCG) industry sales growth from the traditional trade channels jumped to double digits, while growth in e-commerce normalised down to single digits in the January-March quarter.
In Bangalore, there are 1.05 lakh (105,000) such households, while in Mumbai there are 1 lakh (100,000) households that belong to this elite club.
Many of India's fintech entities and banks have stored all their customer data in India; however, many do use foreign servers, for operations, providing services and for data analytics.
Thousands of retail investors are reaping the benefits of the disruption that the latest technologies have brought to the equity market. Brokerage firms are aggressively investing in technologies such as artificial intelligence, machine learning, big data and analytics, social media, chatbots, virtual assistants and so on.
Seema had been given a four-year suspension by NADA's Anti-Doping Disciplinary Panel (ADDP) following the hearing on her positive test for banned performance enhancing drugs.
The telecom ministry will set up an intelligence unit and a consumer protection system as part of continuing efforts to tackle the menace of pesky calls as well as to take strict action against financial frauds perpetrated using telecom resources.
In an interview with Peerzada Abrar and Romita Majumdar, Cisco CEO Chuck Robbins said that his company would continue to bet heavily on India's engineering talent pool.
The world's largest manufacturer of healthcare products, Johnson & Johnson, is making India a global hub of its research and development as it looks to ramp up its pharmaceutical business in the country.
Ambrish Sinha, CEO, MeritTrac Services, identifies 6 future-ready skills that a post-COVID-19 workplace will require.
Bharti Airtel on Wednesday announced a new corporate structure to sharpen the company's focus on rapidly unfolding digital opportunities while enabling it to unlock value. The move comes at a time when digital is turning out to be a compelling proposition for players in the Indian market, where the use of smartphones and better broadband connectivity has spurred the adoption of a new range of services. Players are positioning themselves beyond the core telephony offerings, as they enhance digital engagement, build future streams of revenue and create brand differentiation, besides redefining themselves as a larger platform of digital services, say market watchers.
RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.
Having the right know-how and being able to adapt to changing trendsd and industry shifts can make all the difference to how a business functions today.
Adapting to an inevitable digital intervention is India's only hope at beating a long-standing job crisis. To do so, focus on quality education and better skill development is fundamental, says Dr Yogesh Kumar Bhatt.
The retail inflation rate breached the 6 per cent upper tolerance limit of the RBI for the first time in seven months in January, while the wholesale price index stayed in double-digits for the 10th month in a row, showed two sets of data released by the government on Monday. Retail inflation, the key input for the RBI while reviewing the repo rate every two months, soared during the month mainly because of a spike in certain food items. The previous high for retail inflation was 6.26 per cent in June 2021.
"Somewhat surprisingly, Indian-Americans born in the United States are much more likely to report being victims of discrimination than their foreign-born counterparts," said the report.
Vettori has said that Virat Kohli is always open to listen, a quality which makes him such a 'good captain.'
CRISIL predicts no more than 6.5 per cent yearly from now till FY19, and only with a stable and decisive government; predicts problems in job generation, poverty and demand.
NITI Aayog recommendations cite the need for greater industry-academia collaboration to meet skill demand
'Our focus is not going to be metro to metro routes.' 'We will begin by focusing on metro to non-metro (routes).' 'Metro to tier-2 cities or tier-3 cities is where there is a lot of space for affordable, efficient carriers.'
India had an Internet user base of 243 million in 2014, of which 35 million were online shoppers.
'Political parties and leaders understand the impact the new media can have on outcomes.' 'From treating them as broadcast tools five years ago, now they look at them as arsenal that can potentially change electoral outcomes.'
President Xi said that the Chinese side is ready to work with the Indian side to carry forward the fresh impetus of bilateral relations.
In signs of acceleration in economic activity, India's tax collections on goods sold and services rendered returned to over Rs 1 lakh crore in July after the second wave of Covid-related restrictions caused a blip in the previous month. Goods and Services Tax (GST) mop-up grew 33 per cent year-on-year in July to over Rs 1.16 lakh crore, indicating that the economy is recovering at a fast pace. In July 2020, the collection was Rs 87,422 crore. This is the second highest collection so far this fiscal after a record Rs 1.41 lakh crore mop-up in April.
Modi said it is an outcome of India's consistent reforms trajectory that the country's position is getting credence globally and is being recognised by international bodies like the IMF, World Economic Forum and UNCTAD.
During a video conference, Bill and Melinda Gates Foundation co-chair Bill Gates and Prime Minister Modi agreed that given India's willingness and capacity to contribute to global efforts, it was important for New Delhi to be included in the global discussions for coordinating responses to the pandemic.
Ddata analysts at the fresher level are drawing an average annual salary of Rs 7 lakh as against Rs 3.2 lakh for software engineers.
It has blamed lack of political will for the slow reform process.
'There will be partnerships between banks and fintech firms, but there will also be areas where they will be direct competitors.'
India's political infighting is denting business confidence.
With Goods and Services Tax (GST) officers under pressure to exceed the Rs 1-trillion collection mark per month, industry has faced a barrage of recovery notices and summons issued over the last one month across sectors, according to company executives. Industry bodies have claimed harassment by field officers, blocking of input tax credit, cancellation of GST registration, threats of arrest and steep penalties, impacting their working capital and operations. Company executives pointed at an atmosphere of apprehension and fear due to such notices and summons.
With three wins and a draw, India are currently leading the six-team league table with 10 points and a goal difference of eight.
Indian IT services firm Infosys and Rolls-Royce, an aerospace and defence technology major, on Wednesday announced signing a strategic partnership for sourcing engineering and R&D Services for the latter's Civil Aerospace business. As part of the overall partnership, Rolls-Royce will "transition a significant part of its engineering centre capabilities for civil aerospace in Bengaluru to Infosys", a statement said. However, the number of people who will move to Infosys was not disclosed.
International medal-winning Indian woman boxer Neeraj (57kg), who was among the probables for 2020 Tokyo Olympics, has been provisionally suspended after failing a dope test.
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