Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce $1.2 billion arbitral awards against the Indian government, saying the litigation was premature as an appeal against the arbitration award was still pending. The petition by the airline, which is separate to Indian government's plea in a Washington court seeking dismissal of Cairn's lawsuit to seek confirmation of the arbitral award, said the New York district court lacks jurisdiction to adjudicate a "mere hypothetical question" or one that depends upon contingent future events that may or may not occur. Cairn first moved a court in the US District Court for the District of Columbia seeking confirmation of the arbitration award and then filed a petition in the New York court to seek declaration of Air India as "alter ego" of the Indian government and so it should be made liable to pay the $1.26 billion arbitral award.
At the end of June, 2016, TCS had a total headcount of 3.62 lakh.
'We have focused on profitable revenue, cash generating businesses, throughout our journey.'
The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a "frivolous"and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. A bench of Justices Sanjya Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy also issued notice to an NGO, Indian Awake for Transparency and others and sought their response. Senior advocates Mukul Rohatgi, A M Singhvi appearing for Premji and others said that the complaint was "mischievous" in nature.
"No meeting will be held between farmers and the government tomorrow. The minister has said that a proposal will be given to the farmer leaders tomorrow (December 9). Farmer leaders will hold a meeting over government's proposal," Mollah had told the media on Tuesday.
The S&P BSE Sensex closed 266 points lower at 24,021.
All these people have been kept in single room isolation in designated healthcare facilities by respective state governments and their close contacts have also been put under quarantine, the ministry said.
To avoid season pricing, keep a close eye on the calendar and begin planning travel at least 60 to 90 days in advance keeping tentative dates in mind.
India summoned the Pakistani charge d'affaires in New Delhi and lodged a firm protest, expressing grave concerns at this reprehensible incident and the continued attacks on the freedom of religion of the minority communities and their places of religious worship in Pakistan.
In a statement, the Guild demanded that such FIRs be withdrawn immediately and the media be allowed to report without fear and with freedom.
The demand for Tharoor's removal comes days after the Parliamentary Standing Committee on Information and Technology was set to question government officials on the Pegasus spyware issue.
'Section 153A is not meant to protect fragile sentiments of the majority Hindu community who choose to get offended by slogans celebrating the success of the Pakistani cricket team.'
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.
Available data obscures the true stress in bank books, and the pandemic will result in balance sheet impairments and capital shortfalls at lenders, RBI Governor Shaktikanta Das said on Monday. Balance sheet impairment and capital shortfalls will be more evident once the regulatory reliefs are rolled back, Das said in the bi-annual Financial Stability Report, asking lenders to augment capital.
Attrition is driving the hiring effort on campuses.
A trial has shown that plasma therapy does not reduce mortality or prevent progression of COVID-19.
The Taliban have postponed the formation of a new government in Afghanistan for next week, their spokesman Zabiullah Mujahid said on Saturday, as the insurgent group struggles to give shape to a broad-based and inclusive administration acceptable to the international community.
The father, himself unlettered, said he understands the importance of education and didn't want his son to waste 1 year.
The minister said that his ministry will clear its stance on Patanjali's ayurvedic drugs after reviewing the report sent by it.
It doesn't make sense to view the womb through the prism of religion, community and tradition, warns Shyam G Menon.
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise, Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
Companies are looking to combine risk management with strategy.
The Supreme Court on Monday termed as 'amazing' and 'shocking' that people are still being booked under the Section 66A of the Information Technology Act, which was scrapped by the apex court verdict in 2015.
Chaitanya was working in Cognizant Technologies on a Southeast Airlines project.
The Centre has informed the Supreme Court that the North and South blocks, which cover nearly 27 acres housing government offices in national capital, are proposed to be converted into national museums.
Top five India-based IT services providers grew 23.8 per cent last year compared to 7.7 per cent growth logged by the overall global IT services market, research firm Gartner said on Monday.
The group was being used to share obscene messages and morphed pictures of underage girls on the social media site.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
Sadhana Ramachandran and Sanjay Hegde speaking to the protesters said, "The Supreme Court has upheld your right to protest. But then other citizens also have their rights and it should also be maintained."
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
The Supreme Court Tuesday asked the Centre and West Bengal government to respond to a plea seeking directions to prevent the alleged exodus due to 'state-sponsored' violence after the assembly polls, constituting a Special Investigating Team to probe the issue and take action against culprits.
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.
The top court said it is not satisfied with the efforts of the Centre as well as the states on the issue of registration of workers in unorganised sectors.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
The Ethics Committee of Rajya Sabha headed by Congress veteran Karan Singh on Monday took cognizance of the issue of Vijay Mallya, who has allegedly defaulted on over Rs 9,000 crore (Rs 90 billion) bank loans.
That's because India does not have a serious venture capital industry with an appetite for risk, observes T N Ninan.
While Wipro will announce its fourth quarter (Q4) results along with annual financial statements on April 15, market leader TCS will hold its board meet the next day (April 16) for approval of its financial statements. Infosys is yet to inform investors the date it will announce its Q4 earnings.
Lal Singh has alleged that Kashmiri journalists have created "an erroneous atmosphere"
In its explanation of vote, India said 'we find that our views have not been reflected in the draft being considered for adoption today. We would like to reiterate that a consultative and constructive approach involving the neighbouring countries and the region, remains important as the international community strives for the peaceful resolution of the issue'.
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