News for 'north-america'

Why Qatar's Emir Was All Bro With Messi

Why Qatar's Emir Was All Bro With Messi

Rediff.com19 Dec 2022

Sheikh Tamim bin Hamad Al Thani, the emir of Qatar and PSG's owner, was a happy man as he enveloped PSG players Messi, Mbappe and Angel Di Maria with a warm hug.

Now, China to shoot down object flying over its waters

Now, China to shoot down object flying over its waters

Rediff.com13 Feb 2023

The development comes after the United States and Canada shot down three high-altitude airborne objects in recent days.

Accenture's lowered guidance spells more trouble for IT sector: Analysts

Accenture's lowered guidance spells more trouble for IT sector: Analysts

Rediff.com4 Jul 2023

IT major Accenture's second straight cut in its revenue growth forecast for FY23 suggests there is more pain ahead for the Indian IT sector, say analysts. Accenture has lowered the top end of its FY23 growth guidance in constant currency (CC) to 9 per cent from 10 per cent earlier. The firm, which follows a September-August fiscal cycle, expects a 2-6 per cent CC growth in Q4 of FY23 (June-August 2023) versus the 6-10 per cent prior guidance.

UK's biggest aircraft carrier breaks down on way to US

UK's biggest aircraft carrier breaks down on way to US

Rediff.com29 Aug 2022

The United Kingdom's biggest aircraft carrier, HMS Prince of Wales, has broken down off the south coast of England after setting sail from Portsmouth Naval Base for the United States on what the Royal Navy has described as a 'landmark' aviation trial mission.

Anyone born in India, eating Indian food is Hindu: Kerala Guv

Anyone born in India, eating Indian food is Hindu: Kerala Guv

Rediff.com29 Jan 2023

"Sir Syed Ahmed Khan once said that I do not think Hindu is a religious term, it is a geographical term. Anyone who is born in India eats food grown in India or drinks water from Indian rivers deserves to be called a Hindu," he said.

Sensex up 38 points; bank stocks shine

Sensex up 38 points; bank stocks shine

Rediff.com13 Apr 2023

Benchmark equity indices Sensex and Nifty ticked higher for the ninth straight session on Thursday, buoyed by fag-end buying in banking, financial and realty stocks amid encouraging domestic retail inflation data. Weak trends in IT counters and fall in the overnight US equity markets triggered by fresh concerns over recession, however, put a check on market's uptrend. In a largely subdued session, the 30-share BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431.

Diageo's India-born CEO Ivan Menezes passes away

Diageo's India-born CEO Ivan Menezes passes away

Rediff.com7 Jun 2023

Ivan Manuel Menezes, the India-born CEO of the world's biggest spirits company Diageo, died on Wednesday, days after being hospitalised for treatment of stomach ulcer. Menezes, 64, who was to retire at the end of this month, died in London, the company said. "It is with great sadness that Diageo announces that Sir Ivan Menezes has passed away following a brief illness, with his family at his side," it said in a statement. Diageo had on Monday announced that CEO-designate Debra Crew will assume the top role on an interim basis immediately as Menezes undergoes medical treatment.

Seattle resolution on caste 'Hinduphobic': Indian-American senator

Seattle resolution on caste 'Hinduphobic': Indian-American senator

Rediff.com23 Feb 2023

"I condemn in the strongest terms the ordinance passed by the Seattle City Council. Caste discrimination simply doesn't exist now," Niraj Antani, the first Hindu and Indian-American state senator in Ohio's history, said.

Global wealth up 9.8% YoY at $463.6 trn in 2021; India, China lead the way

Global wealth up 9.8% YoY at $463.6 trn in 2021; India, China lead the way

Rediff.com28 Sep 2022

India witnessed a 12 per cent year-on-year (YoY) jump in total household wealth last year, at $14,225 billion, according to the Global Wealth Report 2022 by Credit Suisse. The report also forecasts the number of millionaires in the country to more than double from 796,000 in 2021 to 1.6 million in 2026. According to the report, which is based on data for the wealth holdings of 5.3 billion adults across nearly 200 countries, global household wealth rose 9.8 per cent in 2021 to $463.6 trillion, driven by widespread gains in share prices and a favourable environment created by central bank policies in 2020 to lower interest rates but at the cost of inflationary pressure.

Georgia becomes 1st US state to pass resolution condemning Hinduphobia

Georgia becomes 1st US state to pass resolution condemning Hinduphobia

Rediff.com1 Apr 2023

The resolution observed that the American-Hindu community has been a major contributor to diverse sectors such as medicine, science and engineering, information technology, hospitality, finance, academia, manufacturing, energy, retail trade, among others.

California governor vetoes anti-caste discrimination bill

California governor vetoes anti-caste discrimination bill

Rediff.com8 Oct 2023

The governor's move has been welcomed by a large segment of the Indian-American community who were opposing the bill.

Maya, 9, Goes To The Isle of Wight

Maya, 9, Goes To The Isle of Wight

Rediff.com26 Sep 2023

I was fascinated to see a room that was decorated like an Indian palace at Osbourne House, which was Queen Victoria's home when she visited the Isle of Wight.

Why Are Indians Obsessed With Overworking?

Why Are Indians Obsessed With Overworking?

Rediff.com1 Mar 2023

Never mind work-life balance: this generation spends more time on the job than ever before.

Ex-China envoy Vikram Misri appointed deputy NSA

Ex-China envoy Vikram Misri appointed deputy NSA

Rediff.com28 Dec 2021

The appointment of Misri, a 1989-batch Indian Foreign Service officer, came after he served as the Indian ambassador to China for nearly three years.

Why TCS Picked Krithivasan As CEO

Why TCS Picked Krithivasan As CEO

Rediff.com22 Aug 2023

Krithi Krithivasan is the kind of person one might look to when the need is to calm things down and put things back on track.

Titanic tourist submersible carrying 5 goes missing

Titanic tourist submersible carrying 5 goes missing

Rediff.com20 Jun 2023

British-Pakistani billionaire businessman Shahzada Dawood and his son Suleman were also on the sub, the BBC reported on Tuesday.

PIA's draws flak for dress code with 'undergarments' for cabin crew

PIA's draws flak for dress code with 'undergarments' for cabin crew

Rediff.com30 Sep 2022

A red-faced Pakistan International Airlines (PIA) was forced to issue a clarification on Friday after the State-owned carrier received much flak for its bizarre dress code for its cabin crew, instructing them that wearing undergarments underneath the uniform was a must.

Recession unlikely in APAC region in 2023: Moody's

Recession unlikely in APAC region in 2023: Moody's

Rediff.com24 Nov 2022

A recession is unlikely in the APAC region in the coming year, although the area will face headwinds from higher interest rates and slower global trade growth, Moody's Analytics said on Thursday. In its analysis titled 'APAC Outlook: A Coming Downshift', Moody's said India is headed for slower growth next year more in line with its long-term potential. On the upside, inward investment and productivity gains in technology as well as in agriculture could accelerate growth.

Stock Picks: 10 Value Bets For Rich Payoffs

Stock Picks: 10 Value Bets For Rich Payoffs

Rediff.com7 Nov 2023

10 non-bank and non-finance stocks from the BSE500 Index universe that offer an optimal blend of low valuation, reasonably robust revenue and earnings growth in recent quarters, a strong balance sheet, and most importantly, positive cash flow from their operations.

Edtech company Byju's plans asset sale to pay off $1.2 billion loan

Edtech company Byju's plans asset sale to pay off $1.2 billion loan

Rediff.com12 Sep 2023

Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.

3 Indian Americans die after falling in frozen US lake

3 Indian Americans die after falling in frozen US lake

Rediff.com28 Dec 2022

Three Indian nationals, including a woman, have drowned after they fell through the ice while walking on a frozen lake in the US state of Arizona.

UK delivering on new FTA with India, says Rishi Sunak

UK delivering on new FTA with India, says Rishi Sunak

Rediff.com29 Nov 2022

British Prime Minister Rishi Sunak has reiterated the UK's commitment to a free trade agreement (FTA) with India as part of the country's wider focus on enhancing ties with the strategic Indo-Pacific region and standing up to competitors with "robust pragmatism". Delivering his first major foreign policy speech since taking charge at 10 Downing Street last month at the Lord Mayor of London's Banquet on Monday evening, the British Indian leader reflected upon his heritage and committed to promoting British values of "freedom and openness" around the world. He also pledged to "do things differently" far removed from the so-called "golden era" with China, which he said poses a "systemic challenge" to British values and interests.

Dominique Lapierre, author of City of Joy, passes away at 91

Dominique Lapierre, author of City of Joy, passes away at 91

Rediff.com5 Dec 2022

Dominique Lapierre, the French author with a passion for India and whose novels sold tens of millions of copies, has died, his wife announced on Sunday.

In fourth such op, US shoots down another airborne object

In fourth such op, US shoots down another airborne object

Rediff.com13 Feb 2023

The United States on Sunday shot down another unidentified airborne object in its airspace, a day after it brought down a similar 'cylindrical' object over Canada.

India Inc earns 72% of revenue from the domestic market: Morgan Stanley

India Inc earns 72% of revenue from the domestic market: Morgan Stanley

Rediff.com16 Jun 2021

72 per cent of the revenue of Indian firms (India Inc) is derived from the domestic / home market - the sixth highest in percentage terms in the emerging market (EM) and the Asian region, said a recent report by Morgan Stanley. The balance, according to the report titled 'Global Exposure Guide 2021' co-authored by analysts led by Jonathan F Garner, their chief Asia and emerging market strategist, is split between the developed markets (DMs) and other EMs. The report is based on an analysis of 3,300 companies globally that have revenue exposure in 17 different regions.

Two Indians among 21 new cardinals named by Pope Francis

Two Indians among 21 new cardinals named by Pope Francis

Rediff.com30 May 2022

Eight of the newly named cardinals are from Europe, six from Asia, two from Africa, one from North America, and four from Central and Latin America.

How much green would a 48 team FIFA WC format rake in?

How much green would a 48 team FIFA WC format rake in?

Rediff.com14 Dec 2022

FIFA conceded earlier this year they were concerned about the possibility of contrived results where two teams could engineer a positive result for both, which would eliminate the third group team not playing.

Mahindra lays off two-thirds of staff at its North American subsidiary

Mahindra lays off two-thirds of staff at its North American subsidiary

Rediff.com14 Jan 2021

Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency.

Justin Bieber Has Facial Paralysis

Justin Bieber Has Facial Paralysis

Rediff.com11 Jun 2022

The 28-year-old pop singer in a video on his Instagram account said he has been diagnosed with the Ramsay Hunt Syndrome, which has caused his condition.

China violated sovereignty of several nations including India: US

China violated sovereignty of several nations including India: US

Rediff.com9 Feb 2023

China has 'violated the sovereignty' of not just the United States but of countries across five continents, Secretary of State Antony Blinken alleged Wednesday, days after US fighter jets shot down a Chinese surveillance balloon.

IT sector may be ripe for cherry picking

IT sector may be ripe for cherry picking

Rediff.com13 Dec 2022

The information technology (IT) services industry could see value investors taking selective punts in the near future. While growth remains visible, managements across the board have been cautious or measured in their guidance and have also complained about a combination of margin pressures and high churn. The two factors are related in that employee compensation is a large component of IT costs and high churn has forced firms to hike compensation packages and also invest more in hiring, training, and retention.

Grim global situation casts shadow on Budget 2023

Grim global situation casts shadow on Budget 2023

Rediff.com21 Dec 2022

Ahead of the Union Budget for 2023-24, Budget makers have welcomed the global consensus view that India will remain one of the bright spots in calendar year 2023. But there is some alarm over the grim global situation and how that might impact the Centre's projections and assessments for next financial year. The big global headwinds include a deep and sustained recession in the West, including India's biggest trading partners in North America and Europe, continuing volatility in commodity markets, and renewed Covid-19 fears, as lifting of strict curbs by China could potentially lead to a massive spread again.

The IIT Students Who Built An Award-Winning House

The IIT Students Who Built An Award-Winning House

Rediff.com26 May 2023

Project Vivaan won big at the Solar Decathlon, placing second overall (and missing the first position by a whisker). Members of the award-winning Team Shunya tell Mrigank Warrier how they built a carbon-neutral, water-neutral, energy-positive home for a family of four.

Belgian teen youngest to fly solo around the world

Belgian teen youngest to fly solo around the world

Rediff.com25 Aug 2022

17-year-old Mack Rutherford landed at an airfield near the Bulgarian capital Sofia after flying 54,124 km (33,631 miles) and visiting more than 30 countries since he departed from the same site in his Shark Aero microlight airplane on March 23.

After 10 years: Infosys may overtake Cognizant on revenue front

After 10 years: Infosys may overtake Cognizant on revenue front

Rediff.com11 Nov 2022

Slowing growth and execution challenges for Cognizant (CTSH) may well allow Infosys to overtake the former after a decade. Cognizant had marched ahead of Infosys in terms of revenue in the first quarter of financial year 2012-13. The Nasdaq-listed IT services firm's performance in Q3 and the guidance for Q4 and full-year 2022 suggest that it could take time for Cognizant to see the expected improvement in performance from its decision to restructure.

'I don't want to think of challenges, but tasks before us'

'I don't want to think of challenges, but tasks before us'

Rediff.com2 May 2023

'Every time a new tech comes in, there are a set of people who will predict that this will be the end of Indian IT and every time the Indian IT industry and overall technology providers have proven to be resilient.'

5G scare: Air India cancels 14 US flights

5G scare: Air India cancels 14 US flights

Rediff.com19 Jan 2022

Air India cancelled 14 flights on India-US routes from Wednesday onwards due to deployment of 5G internet in North America which could interfere with aircraft's navigation systems. Meanwhile, DGCA chief Arun Kumar told PTI that the Indian aviation regulator was working "in close coordination with our carriers to overcome the situation" that has arisen due to 5G internet's deployment in the US. US aviation regulator Federal Aviation Administration (FAA) had on January 14 said that "5G interference with the aircraft's radio altimeter could prevent engine and braking systems from transitioning to landing mode, which could prevent an aircraft from stopping on the runway".

Rishi Sunak makes it clear: 'Golden era' with China is over

Rishi Sunak makes it clear: 'Golden era' with China is over

Rediff.com29 Nov 2022

Prime Minister Rishi Sunak has made a clear break with the past on UK-China relations as he declared that the "so-called golden era" of bilateral ties is over in the face of the "systemic challenge" posed by the Chinese regime to British values and interests.

ICC events: Pakistan to host 2025 Champions Trophy, India to host 2026 World T20

ICC events: Pakistan to host 2025 Champions Trophy, India to host 2026 World T20

Rediff.com16 Nov 2021

Major cricket event will return to Pakistan after more than two decades with the country set to host the 2025 Champions Trophy, an ICC flagship tournament.

Privatised Air India loses priority in international traffic rights

Privatised Air India loses priority in international traffic rights

Rediff.com25 Apr 2022

Air India will no longer enjoy a priority in allocation of international traffic rights. This follows its takeover by Tata Sons in January. The Directorate General of Civil Aviation has dropped a clause which gave Air India an advantage over other private airlines in the amended rules issued on April 19.