The IT services giant is also slated to hold a board meeting on April 13 and 14, to approve of and take on record the consolidated financial results of the company for the quarter and year ended March 31, 2021. Indian IT majors will be announcing their fourth quarter (Q4) and 2020-21 results starting April 12. At the end of the Q3 FY21 Infosys had cash and investment of $4.5 billion.
On August 29, CBI had filed the charge sheet in the case against Dayanidhi, Kalanithi and six others, including four firms.
The Supreme Court Tuesday extended the stay on criminal proceedings against former Wipro chairman Azim Premji, his wife and others on their plea seeking quashing of summons issued by a Bengaluru court on a "frivolous" and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three companies with a Premji group firm. A bench of justices S K Kaul and M M Sundresh was hearing an appeal filed by Premji challenging the Karnataka high court order of May 15 which had rejected their pleas for quashing of the January 27 summons issued by the trial court.
The reduction in hiring indicates a shift in the business model from hiring thousands of people to write code cheap to using artificial intelligence for repeatable tasks.
The highest compensation package for the Global MBA class at the S P Jain School of Management stood at Rs 43.9 lakh while that for the MGB programme was Rs 35 lakh.
The Centre on Tuesday said it will not seek disclosure of flash sales from e-commerce players to regulate the fraudulent sale of goods and services but will take appropriate action as per the law on consumer complaints. Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the e-tailers need not be "anxious" about the draft rules. Ban on fraudulent flash sales, mis-selling and appointment of chief compliance officer/grievance redressal officer -- are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government has sought public comments by July 6.
The Supreme Court on Wednesday stayed the operation of sedition law, and ruled that all pending cases, appeals and proceedings with respect to charges framed for sedition should be kept in abeyance.
Observing that the Bengal governments progress in matters related to post-poll violence did not inspire confidence, the Calcutta high court on Monday dismissed the dispensation's prayer for recall of an order that directed the NHRC chairperson to form a committee to examine cases of alleged human rights violations.
At the end of June, 2016, TCS had a total headcount of 3.62 lakh.
The court was informed that the commission for air quality management will start functioning from today.
'The Biden administration will not send any diplomatic or official representation to the Beijing 2022 Winter Olympics and Paralympic Games given the PRC's ongoing genocide and crimes against humanity in Xinjiang and other human rights abuses.'
As the feud continues between Zee and Invesco, appellate body NCLAT on Thursday directed the National Company Law Tribunal (NCLT) to give reasonable opportunity to the media major to reply to Invesco's plea for holding a meeting of shareholders, and also remarked that the tribunal made an "error" by not providing sufficient response time. With the order capping a day of fast legal developments at the NCLAT as well as the NCLT within a span of a little over an hour, the spat between Zee Entertainment Enterprises Ltd (ZEEL) and minority shareholder Invesco will now come up for hearing before the NCLT on Friday. Invesco is seeking the ouster of ZEEL MD and CEO Punit Goenka and appointment of six new directors on its board.
Ambassador Pankaj Sharma, Permanent Representative of India to the Conference on Disarmament (CD), Geneva, said India has been drawing the attention of the world towards these threats and the need to strengthen international cooperation to address them through its annual consensus UNGA resolution titled 'Measures to prevent terrorists from acquiring weapons of mass destruction'.
The analyst community tracking the Indian IT services industry took special note of Accenture's first quarter (Q1) performance, which showcased the rapid growth of its consulting business that outperformed its outsourcing business. Bookings indicate that the trend will continue. Consulting bookings increased 41.6 per cent year-on-year (yoy) to $9.4 billion, higher than the 17.6 per cent growth in outsourcing to $7.4 billion. The management commentary was also more bullish on the consulting business.
The ED was probing the allegation that Hussain and his linked persons laundered about Rs 1.10 crore by using purported shell or dummy companies to fuel protests against the Citizenship Amendment Act (CAA) and the riots.
The S&P BSE Sensex closed 266 points lower at 24,021.
All these persons have been kept in single room isolation in designated health care facilities by respective state governments.
CID investigating officer Lakshmi Narayana Rao asked Chandrababu to appear in person at the CID regional office in Vijayawada on March 23 "to examine you (A-1) in the above crime, to ascertain facts which are within your exclusive knowledge."
The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a "frivolous"and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. A bench of Justices Sanjya Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy also issued notice to an NGO, Indian Awake for Transparency and others and sought their response. Senior advocates Mukul Rohatgi, A M Singhvi appearing for Premji and others said that the complaint was "mischievous" in nature.
'The committee was confident that the recommendations will pave the way to resolve the ongoing farmers' agitation'
'We are anticipating that the hiring trend will continue to see double-digit growth at least for the current financial year.'
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
"No meeting will be held between farmers and the government tomorrow. The minister has said that a proposal will be given to the farmer leaders tomorrow (December 9). Farmer leaders will hold a meeting over government's proposal," Mollah had told the media on Tuesday.
Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce $1.2 billion arbitral awards against the Indian government, saying the litigation was premature as an appeal against the arbitration award was still pending. The petition by the airline, which is separate to Indian government's plea in a Washington court seeking dismissal of Cairn's lawsuit to seek confirmation of the arbitral award, said the New York district court lacks jurisdiction to adjudicate a "mere hypothetical question" or one that depends upon contingent future events that may or may not occur. Cairn first moved a court in the US District Court for the District of Columbia seeking confirmation of the arbitration award and then filed a petition in the New York court to seek declaration of Air India as "alter ego" of the Indian government and so it should be made liable to pay the $1.26 billion arbitral award.
All these people have been kept in single room isolation in designated healthcare facilities by respective state governments and their close contacts have also been put under quarantine, the ministry said.
'We have focused on profitable revenue, cash generating businesses, throughout our journey.'
In a statement, the Guild demanded that such FIRs be withdrawn immediately and the media be allowed to report without fear and with freedom.
India summoned the Pakistani charge d'affaires in New Delhi and lodged a firm protest, expressing grave concerns at this reprehensible incident and the continued attacks on the freedom of religion of the minority communities and their places of religious worship in Pakistan.
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.
To avoid season pricing, keep a close eye on the calendar and begin planning travel at least 60 to 90 days in advance keeping tentative dates in mind.
Available data obscures the true stress in bank books, and the pandemic will result in balance sheet impairments and capital shortfalls at lenders, RBI Governor Shaktikanta Das said on Monday. Balance sheet impairment and capital shortfalls will be more evident once the regulatory reliefs are rolled back, Das said in the bi-annual Financial Stability Report, asking lenders to augment capital.
The demand for Tharoor's removal comes days after the Parliamentary Standing Committee on Information and Technology was set to question government officials on the Pegasus spyware issue.
A trial has shown that plasma therapy does not reduce mortality or prevent progression of COVID-19.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
Top five India-based IT services providers grew 23.8 per cent last year compared to 7.7 per cent growth logged by the overall global IT services market, research firm Gartner said on Monday.
Attrition is driving the hiring effort on campuses.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
'Section 153A is not meant to protect fragile sentiments of the majority Hindu community who choose to get offended by slogans celebrating the success of the Pakistani cricket team.'
Chaitanya was working in Cognizant Technologies on a Southeast Airlines project.
The father, himself unlettered, said he understands the importance of education and didn't want his son to waste 1 year.
