Tech Mahindra was the top loser in the Sensex pack, crashing over 9 per cent, followed by Kotak Bank, Axis Bank, TCS, Infosys and HUL. On the other hand, Hero MotoCorp, Bajaj Auto, Bajaj Finance and Titan were the gainers.
Ending all speculation, Infosys, India's second largest IT services company today announced Vishal Sikka, the former chief technology officer and member of executive board at enterprise software maker SAP, as the new CEO & MD.
Sikka will take over from current Chief Executive SD Shibulal, one of the engineers who founded Infosys, on August 1.
India's railway will borrow Rs 151.03 billion ($2.80 billion) from markets for the financial year 2013/2014.
Watching a domestic game at a nondescript centre in energy sapping conditions can be an ordeal but a small group of teenage girls were not going to be bogged down by weather or any other conditions.
Purav Raja and Divij Sharan turned it around amazingly after losing the first two sets but eventually fell short in an energy-sapping five setter, shortly after Rohan Bopanna also lost his men's doubles second round at the Wimbledon championships, in London on Friday.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Team-building, lifting employee morale, stanching the attrition rate are a few immediate tasks on his hands.
Oracle wants to dislodge SAP from pole position in the enterprise applications market in Asia Pacific and says it has plans to execute a four-pronged strategy to achieve the objective.\n\n
Shares of IT giant Infosys erased early gains and ended with a loss of nearly one per cent on the NSE today on profit-booking after the company named former SAP executive board member Vishal Sikka as its new CEO.
Budget 2016 may hold some answers to start-up cooncerns.
SBI was the top gainer in the Sensex pack, rallying over 10 per cent, followed by Kotak Bank, Dr Reddy's, UltraTech Cement, ITC and HDFC Bank. On the other hand, Axis Bank, Bharti Airtel, ICICI Bank, Maruti and HCL Tech were among the laggards.
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'In the current scenario e-commerce delivery is flourishing, driving demand.'
India's morale-sapping second Test humiliation against England has triggered a desperate wave of soul-searching back home with some former players questioning spinner Harbhajan Singh's place in the side and the appointment of coach Duncan Fletcher.
Sikka has influenced the company to break away from the old mould in more ways than one.
If KL Rahul is fit, Abhinav Mukund will be expectedly left out, a strange coincidence because he was the original back-up opener in this Test squad ahead of Shikhar Dhawan.
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Infosys will develop software for managing the kumbh mela scheduled in Ujjain (Madhya Pradesh) in 2016, he told PTI in an interview.
'India imports 70 per cent of its bulk drugs from China. Are we going to live without antibiotics?' asks Debashis Basu.
Tech Manhindra, the parent company, expects to complete merging Satyam with itself in March.
Chief Operating Officer UB Pravin Rao said the company will be back to historic performance levels in a couple of years.
V R Ferose, MD, SAP Labs India, sums up India's dichotomy, and laughs at its funny side.
Defending champion Saina Nehwal suffered a heartbreaking narrow loss to Olympic Champion Li Xuerui in the semifinals of the India Open Super Series badminton tournament in New Delhi on Saturday. The 26-year-old Indian lost 20-22, 21-17, 19-21 to Li in an edge-of-the-seat thriller in the women's singles competition, to draw curtains on Indian challenge at the Siri Fort Complex. In a nail-biting contest, Saina matched up to Li in the fast-paced rallies but she was not consistent in finishing the rallies. Li, on the other hand, blew hot and cold as some of her cross court half-smashes caught Saina off-guard. Although she also faltered with many strokes. Saina opened up a 8-5 lead early on and managed to stave off the challenge from Li till 11-9. But the Chinese soon managed to draw parity with two quick points and then turned the tables, reaching 16-13. Saina roared back to level with a superb drop from the back court before Li found the net. The Chinese hit wide again and both were tied at 18-18. Another miscued smash and Saina was leading 19-18. What followed was an energy-sapping rally that ended with a return, which Saina didn't even try. But the Indian ensured she has the first shot to take advantage as she reached the game point with a smash that Li could only send to the net.
While the murder of their 23-year-old son at Salford, Greater Manchester, was shocking enough, the news that his dead body will take another four weeks to be sent to India has sapped them completely.
Rio Olympics and World Championship silver medallist P V Sindhu stood one step away from winning the Korea Open Super Series, in Seoul, on Saturday.
The Indian captain scored a majestic 213 -- his 19th hundred, en route which he broke a plethora of records in the company of Rohit Sharma (102 no), who got a Test ton after four long years.
Prime Minister Narendra Modi and cricket legend Sachin Tendulkar, on Sunday, congratulated star India shuttler P V Sindhu for winning the Korea Open Super Series title in Seoul.
Prime Minister Narendra Modi on Monday said that the 21st century is India's century and attributed the sudden change in India's fortune to the commitment, strength and pledge of the 125 crore people of the country.
With the Swiss Open title in her bag, Saina Nehwal feels she is peaking at the right time for the London Olympics.
The results for the People's Choice Award for the Wildlife Photographer Of The Year are in.
Intel Capital, IBM, SAP Venture, Qualcomm Ventures increase India focus. July Systems, which developed a mobile broadband platform, has just received funding from Intel Capital.
The Reserve Bank of India (RBI) on Friday decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future if need arises to support the economy hit by the Covid-19 pandemic.
Opener Mayank Agarwal smashed a brilliant 130 in company of skipper Unmukt Chand, who complemented with a useful 90, as India A thrashed South Africa A by eight wickets to bag a bonus point in their second tri-series match in Chennai.
Modi is expected to travel to the US late September.
The all-cash deal is expected to close in the March 2016 quarter.
IIM-A announced a tie-up with three corporate houses -- CRISIL, ATS Infra and SAP -- for research in financial markets, infrastructure and entrepreneurship.
It was double delight for India as crowd favourites Saina Nehwal and Kidambi Srikanth clinched their maiden women and men's singles titles at the India Open Super Series badminton tournament in New Delhi.
China is estimated to grow at 6.7 per cent in 2016.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
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