'At present Metaverse is a hype cycle.' 'If it succeeds, then I would like to see TCS there, too.'
Nasper-backed fintech firm PayU has started talks to acquire domestic payment gateway major BillDesk, and the deal size could be in the range of $3-4 billion, sources in the know said. "BillDesk has been open to being acquired for some time now, but in the past the valuations that the company was seeking proved to be a hurdle," said a source. "Three years ago too, PayU had approached BillDesk for an acquisition, but things didn't go ahead due to high valuations. "BillDesk had asked for $2-billion value then," said the source.
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
Seven Olympic and six Paralympic disciplines were identified for support at a meeting of the Mission Olympic Cell.
In 2019-20, Gopinathan had received a total remuneration of Rs 13.3 crore. According to TCS' annual report for 2020-21, Gopinathan received Rs 1.27 crore in salary, Rs 2.09 crore in benefits, perquisites and allowances, and Rs 17 crore in commission. TCS chief operating officer N Ganapathy Subramaniam drew a pay package of about Rs 16.1 crore in the last financial year. This includes Rs 1.21 crore in salary, Rs 1.88 crore in benefits, perquisites and allowances, and Rs 13 crore in commission.
Tata Consultancy Services (TCS) on Friday reported a 14.1 per cent rise in consolidated net profit to Rs 9,624 crore in the September 2021 quarter, aided by broad-based growth across geographies and verticals. The Mumbai-based company had logged a net profit of Rs 8,433 crore (excluding adjustment towards a legal claim) in the year-ago period. Its revenue grew 16.7 per cent to Rs 46,867 crore for the September 2021 quarter from Rs 40,135 crore in the year-ago period.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A look at the country's athletes' showing at the Tokyo Olympics on Friday, July 30.
As per Centre's standard operating procedures, sanitisers were kept at the entrance while masks and social distancing was compulsory for the devotees. Some places of worship also conducted thermal screening of all devotees.
The CISF has said it was the 'first responder' to rescue passengers on Friday as its Assistant Sub Inspector Ajit Singh was on runway patrol when the Air India Express flight from Dubai with 190 people on board overshot the table top runway, fell into a 35-foot valley and broke into two.
'He just has to keep performing, and mustn't let this go to his head.'
The resignation came after a court ordered a registration of a case against George and two senior police officers in connection with the suicide.
Banks such as IndusInd Bank, Federal Bank, DCB Bank and Axis Bank which have renewed their focus on secured loans may be, hence, walking on a tightrope.
Athletes and officials from eight disciplines of archery, badminton, table tennis, hockey, judo, gymnastics, swimming and weightlifting landed in Tokyo
Chief Minister Siddaramaiah asked Modi to "walk the talk", posing four questions, including appointing an "untainted person" as Bharatiya Janata Party's chief ministerial candidate in the state whereas Yeddyurappa tweeted with a tagline #Date2Answer asking, "Why did you quash all the powers of Lokayukta and make it a toothless body?"
The case pertains to the organisation of Elgar Parishad in Pune on December 31, 2017 which promoted enmity between various caste groups and led to violence, resulting in the loss of life and property and statewide agitation in Maharashtra, an NIA spokesperson said.
Under its Agile business model, the company has started using its off-shore base up to the extent of 90 per cent which, along with several other measures, will benefit its operating margins, said Chief Operating Officer N Ganapathy Subramaniam.
Axis Bank's acquisition of Citibank's consumer finance business for Rs 12,325 crore - the second biggest deal in the Indian banking sector - is seen as a good deal at a good price. The acquisition enables Axis Bank to close the gap with competition in some key segments such as credit cards. At the same time, there are some key issues that are crucial for the deal's success, apart from the fact that it will take some time for Axis to reap the full harvest of its investment.
This is a key reason for the finance ministry's objection to fixing the tenure at 100 years, as it is pushing PSBs to be self-dependent and raise funds from the market, reports Hamsini Karthik.
In the final segment of a four-part interview, Communist Party of India-Maoist general secretary Ganapathy says the Maoists are prepared to come to the table for talks provided the government agrees to their main demands.
Nethra Kumanan became the first Indian woman sailor to qualify for the Olympics after making sure of a top-place finish in the laser radial event of the Asian Qualifiers, in Oman, on Wednesday.
An IED stuffed with RDX and ammonium nitrate was found inside an unattended bag at the Ghazipur flower market in New Delhi on Friday morning but it was later defused, officials said.
Ganapathy turned his misfortune into the biggest opportunity of his life.
In Part III of the interview, the CPI-Maoist general secretary says that the party is building its cadre base to wage a protracted war with 'enemy' forces.
In the first of a 5-part series, Ganapathy talks about the birth of revolutionary movement, its struggles and the way it has learnt its lessons with passing time.
Indian athletes, including the boxers and shooters, hit the ground running as they started their pre-Olympic training, hoping to live up to massive expectations in the pandemic-hit Games in Tokyo.
Prosus-backed fintech firm PayU is set to acquire India's earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India's digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa. The proposed acquisition will help PayU, the payments and fintech business of Prosus which operates in more than 20 markets, become one of the leading online payment providers globally by total payment volume (TPV).
Varun Thakkar Ashok and Chengappa Ganapathy Kelapanda won bronze with a total of 53 after race 15 in the 49er men's event.
The eight disciplines comprised archery, badminton, table tennis, hockey, judo, gymnastics, swimming and weightlifting.
Till now, there was no provision in the Companies Act that allowed a remuneration for the non-executive director if the company was in loss or had inadequate profits. Only the executive director was entitled for a remuneration in the event of a loss.
Largest software exporter TCS will be hiring more than 40,000 freshers from campuses in the country in the financial year 2021-22 , a top executive said on Friday. The company, the largest employer in the private sector with a base of over 5 lakh employees, had hired 40,000 graduates from campuses last year and will do better on that number, its chief of global human resources Milind Lakkad told reporters in Mumbai. He said the COVID pandemic-related restrictions do not pose any difficulties in hiring and added that last year, a total of 3.60 lakh freshers had appeared for an entrance test virtually.
An unbeaten 200-run partnership between Subramaniam Badrinath (123 not out) and C Ganapathy (70 not out) helped Tamil Nadu post 251 for 5 by close on Day 1 of the Ranji Trophy Super League encounter against Mumbai at the MCA Ground, in Mumbai, on Tuesday. The defending champions made the early inroads, reducing the visitors to 51 for five inside 16 overs - with five wickets falling in the space of just 32 balls (16 runs).
Anu can be enjoyed by the audience, who love thrillers. For Pooja Gandhi, this is certainly a big break. It is time that she chooses films where she can further demonstrate her talent.
Much of this has been made possible by the owners's insistence on building a team, rather than banking on a collection of talented individuals not necessarily suited to play alongside one another.
A Ganesh Nadar/Rediff.com meets the family of CRPF jawan G Subramanian, who was among the 41 martyred in Pulwama.
Ajit Mishra answers reader queries on the stock market.
With slippages increasing every quarter, any derailment on growth or change in customers' repayment behaviour after moratorium may impact the overall asset quality. Correction, though, presents attractive buying opportunities, given the bank's sustained leadership position.
SC asked the CBI to file a status report on the probe before it within three months.
Rao was taken into custody in Hyderabad on Saturday after his house arrest ended on November 15 and his petition to quash the transit remand was disposed of by a court there on November 16.
The executive remuneration for FY2020 is lower than FY2019 in view of the economic conditions impacted by the COVID-19 pandemic. The directors have decided to moderate the executive remuneration for this year to express solidarity and conserve resources.
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