Fitch Ratings on Monday said the shock to economic activity from the latest wave of COVID-19 pandemic will be less severe than the one in 2020, but recovery is likely to be delayed as economic activity dropped in April-May. The global rating agency said there are growing indications that the latest wave of COVID-19 infections will add to risks among financial institutions (FIs) and anticipates that the Reserve Bank of India (RBI) may introduce additional measures to support the financial sector if indications of economic stress mount.
Vishal Sikka is equally comfortable designing cutting-edge software as he is negotiating in the boardroom.
What we have in the Congress is a useful glue to hold a non-cultural, unified Opposition together. That is the sacrifice the Congress must be willing to live with if showing the BJP the door is what the collective Opposition wants, observes Shyam G Menon.
Sikka's remuneration will likely be comparable to CEOs of global giants like IBM and HP.
The new CEO will have to move very quickly to first calm the three key stakeholders, employees, customers and the investors: Gartner
Novak Djokovic increased his Grand Slam tally to 19 titles, and is now one adrift of the men's record held by Roger Federer and Rafael Nadal.
Quits as SAP board member; had made presentations before Infy board in January.
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
This is the first time, perhaps, Infosys has appointed as CEO a person who has never managed P&L or has any experience in managing lakhs of employees.
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.
A well known figure among the Silicon Valley elite, Sikka recently quit his job at SAP.
Tata Consultancy Services (TCS) has become the first Indian company to exceed Rs 5 lakh crore in market capitalisation.
'China need not worry about a truly 'resurgent India'.' 'It's not going to happen.'
Arnold Palmer was right in the mix at several majors, probably some deep psychological reasons sapped his ambition to cross the hill and win.
Defending champions Spain will face the 'suicidal' attacking style of Chile at the Maracana in Rio de Janeiro on Wednesday aiming to get their World Cup bid back on track and avoid an embarrassingly early exit.
Team-building, lifting employee morale, stanching the attrition rate are a few immediate tasks on his hands.
Government is set to release CPI for the month of May and Index of Industrial Production IIP for the month of April today.
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.
Michael Phelps was back in familiar waters and on top of the winner's podium in his comeback to competitive swimming at the US Grand Prix in Charlotte on Friday.
Hiranandnani's new venture is well-timed, but it will face heavy competition from both international majors and domestic peers like Adani Group.
A glimpse of all the sporting action from around the world...
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.
Parupalli Kashyap's impressive run at the Korea Open Super 500 tournament came to an end after he lost to World number 1 Kento Momota of Japan in the men's singles semi-finals.
For the second straight year, the gems and jewellery industry is set for almost a washout of business on Akshaya Tritiya as only about 10 per cent of pre-Covid sales of 2019 are expected on Friday amid the raging pandemic sapping footfalls and purchasing power of people.
World and European champions Spain overcame Italy 7-6 in a penalty shootout after surviving an energy-draining Confederations Cup semi-final that ended goalless after two hours in sapping heat and humidity on Thursday.
'In the current scenario e-commerce delivery is flourishing, driving demand.'
The five year engagement will cover services such as maintenance and operations of the web infrastructure, content management, SAP Basis operations, IT for IT (the company's internal IT system) and the business intelligence systems of BMW Group, the city-headquartered IT major said.
India's railway will borrow Rs 151.03 billion ($2.80 billion) from markets for the financial year 2013/2014.
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.
Sweden's Robin Soderling, the player best-known for being the first man to beat Rafael Nadal at the French Open, has retired from professional tennis because of a long-running illness.
Chief Operating Officer UB Pravin Rao said the company will be back to historic performance levels in a couple of years.
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.
Tech Manhindra, the parent company, expects to complete merging Satyam with itself in March.
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.
The acquisition would help Cognizant significantly expand its ability to provide industry-focused SAP consulting and software solutions to major retailers enabling them to streamline operations and enhance customer satisfaction, Cognizant said in a statement.
