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.
Hiranandnani's new venture is well-timed, but it will face heavy competition from both international majors and domestic peers like Adani Group.
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.
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
Tata Consultancy Services (TCS) has become the first Indian company to exceed Rs 5 lakh crore in market capitalisation.
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.
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.
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.
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'In the current scenario e-commerce delivery is flourishing, driving demand.'
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.
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.
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.
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.
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.
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.
The results for the People's Choice Award for the Wildlife Photographer Of The Year are in.
Chief Operating Officer UB Pravin Rao said the company will be back to historic performance levels in a couple of years.
Tech Manhindra, the parent company, expects to complete merging Satyam with itself in March.
Somdev Devvarman missed chances galore, including a match point, as he crashed out of the Wimbledon qualifiers after losing a gruelling and energy-sapping first round match against Australia's Matt Reid, in London, on Monday.
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.
With his hopes of a French Open final fading, Novak Djokovic even requested to have the Chatrier Court surfaced hosed down as he withered in the face of a Rafa Nadal firestorm on Friday.
Legendary Australian leg spinner Shane Warne has accused skipper Steve Smith of 'bad captaincy' for his handling of off-spinner Nathan Lyon during the team's first Test against South Africa at the WACA in Perth.
This comes against the backdrop of instances of indicative ratings given by agencies, for which there are no written agreements.
'At least one specially designed fully accessible railway car should be added to every train'.
American Mardy Fish will miss the Australian Open in January as he continues to recover from health issues related to heart surgery, his agent said on Wednesday.
Investments worth a whopping Rs 10 lakh crore have been stalled due to policy inertia, it says.
