Networking giant Cisco Systems on Monday said it has frozen the hiring process and is adopting a wait and watch policy due to the global slowdown besides cutting costs up to $2 billion through various means. Cisco is adopting a wait and watch policy of 6-8 weeks before taking any decisions. It also plans to cuts costs up to $2 billion through measures like slashing travel costs.
In a major boost to Indian cinema's bid to globalise its operations, Bollywood player Eros International has signed a deal with Lionsgate, Hollywood's top independent studio, for the distribution of their films and third-party products in each other's markets.
The prime minister said that developing countries should get a fair deal at the tough WTO negotiations at Geneva
With international trade one of the most prominent victims of the global slowdown, economic stimulus spent on green goods and services ought to be good for globalisation as well as the environment.
Infosys chief Vishal Sikka also said that demonetisation has shown to the world that Indians are ready to adopt new technology disruptions.
India's GDP growth for the current fiscal is expected to slow down to 4.8 per cent, a UN report has said, warning that the Covid-19 pandemic is expected to result in significant adverse economic impacts globally. The UN 'Economic and Social Survey of Asia and the Pacific (ESCAP) 2020: Towards sustainable economies' said that Covid-19 is having far-reaching economic and social consequences for the region, with strong cross-border spillover effects through trade, tourism and financial linkages.
Afghan-American artist Aman Mojadidi has introduced an interactive art installation "Once Upon a Place," which allows participants to listen to the stories of immigrants who moved to New York through the receivers of old pay phones --once a common sight on city streets.
Indian football received a shot in the arm on Friday with Bharti Enterprises announcing that it would spend Rs.1 billion to improve the sport at the grassroots level. The plan includes opening a world-class academy.
Phantom FDI refers to investments that pass through shell companies that have no real business activities and are tailor-made to cut tax liabilities.
'Modi's finest political legacy ought to be a border settlement with Beijing,' asserts Ambassador M K Bhadrakumar.
'I bow to the 125 crore citizens of this great nation and promise to stay true to the trust they have bestowed on me.'
Globalisation and the outsourcing boom have undoubtedly transformed India. From a developing country, we are today an emerging economy and a super power in the making.
Artificial Intelligence will create 2.3 million machine learning jobs by 2020.
Even if I am born with all the natural attributes, certain characteristics are best when developed.
What a career in translation holds for you and how you can make a living from it.
The Budget would have been the perfect vehicle to introduce some bold initiatives.
That opportunity has been lost through this Budget, observes Shreekant Sambrani.
We knew from the moment the pandemic took hold that this would be a long haul -- at least 12 to 18 months. Nothing should have changed that assessment, says Mihir S Sharma.
Sachin Tendulkar and Shane Warne visited the New York Stock Exchange to highlight the inaugural cricket series in New York.
What might be useful is targeted assistance to those sectors and individuals that are disproportionately affected, suggests Mihir S Sharma.
The gap between stand-alone Indian figures and global figures can be the difference between sell and buy.
'India remains a bright spot amid the global slowdown.'
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
Has the Modi government ensured that the MEA keeps abreast of the times, asks Ambassador Vivek Katju.
Describing India as a new technology and economic power, Prime Minister Tony Blair on Tuesday told his cabinet colleagues to focus on Britain's future.
The Indian School of Business has launched a global executive management programme in association with leading global business schools.
'The government will have to provide something for migrant workers or 'Farmers will still survive because they will eat what they produce.' 'What will the rest of the people do? What will happen to them?'omething else like that or else you will see some huge uprising or unrest.'
Voices from the Treasury are clamouring for lowering rates as this would boost demand.
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