'If businessmen should be included in the political process -- which is essential in my opinion -- they need to have the freedom to express themselves and to take stands against the government of the day, without fear of reprisals and attacks on their business.'
ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24. It reported 17 per cent year-on-year (YoY) growth in Gross Written Premium (GWP) and 115 bps improvement in the Combined Ratio (COR) in FY24, and improved COR guidance with COR going from 104.5 per cent in FY23 to 103.3 per cent in FY24, 102.4 per cent in FY25 and 102.0 per cent in FY26.
Modi emphasised on deeper India-Africa partnership on clean energy.
The solution required operators to accept, in the interim, the industry regulator's recommendation suggesting a major increase in subscriber numbers for service providers to qualify for additional allocation of spectrum, the radio frequencies that enable wireless communications.
Reliance Industries (RIL's) annual report released on Sunday highlighted the company's focus on new energy solutions, with chairman and managing director (MD) Mukesh Ambani stating that the age of fossil fuels will not continue much longer. RIL has sought shareholders' approval to give Ambani another five-year term as MD till 2029 at nil salary. The recently demerged Jio Financial Services, which "will leverage the prowess of digital and retail businesses", was expected to be listed soon.
Information technology major Infosys and Liberty Global, a London-based telecom firm, signed a 1.5 billion (about $1.64 billion) deal for five years to evolve and scale up the telco's digital entertainment and connectivity platforms, the companies said in a joint statement on Tuesday. As part of the expanded collaboration agreement, the size of the contract will touch 2.3 billion (about $2.5 billion) if extended to 8 years. The collaboration allows Liberty Global to realise run-rate savings of over 100 million (about $109 million) per annum, inclusive of other savings and technology investments, Infosys said in a statement.
At this year's TIME ball in New York City on Thursday, April 25, you would have run into a Coimbatore-born American scientist, looking lovely in Sabyasachi Mukherjee designer finery, who would most likely have been hanging out with Dua Lipa.
In tougher times, there seems to be an overwhelming focus on managing the large or anchor clients.
Showing respect to the Indian flag, Prime Minister Narendra Modi on Wednesday immediately picked up the tricolour placed on stage at a BRICS meeting here to mark the standing place of every leader so as not to step on it.
'When I talk to my colleagues in the Railways, they say 'aadmi toh bohot hai, lekin matlab ka aadmi ek bhi nahi hai (the Railways has a bloated workforce, but doesn't have employees with have the skillsets that matter)'.'
Oracle has announced the availability of a hosted Enterprise Resource Planning solution for small and medium enterptises in India through its certified partner, Zensar.
Fintech major PhonePe on Wednesday announced the launch of its homegrown Indus Appstore specifically for the Indian market, in a bid to compete with global incumbents like Google Play Store and Apple's App Store. The Indus Appstore is PhonePe's attempt at creating a more competitive and localised mobile app store economy for India, which is already the world's largest market for mobile apps.
The government chose moral persuasion to make people give up subsidies, notes Rahul Khullar.
Without naming China or any other country, Singh said the "top-down approach" towards solving problems has never been sustainable, adding often it leads to "debt trap, reaction from the local population and conflict."
Tech giant Microsoft has unveiled a blueprint for India on artificial intelligence (AI) governance, and proposed a regulatory architecture to oversee safety protocols, according to a whitepaper released on Thursday. The whitepaper titled "Governing AI: A Blueprint for India" comes amid Microsoft raising its stakes in its artificial intelligence tool ChatGPT. The proposed AI regulatory architecture includes regulations prescribing safety and security requirements, then license deployment for permitted uses in a licensed Al data centre with post-deployment safety and security monitoring and protection.
NIIT Ltd has planned to focus on expanding its knowledge solutions business in the US and European markets by cashing in on the growing trend of outsourcing the services of customised content development and training of workforce.
Information technology services company Cognizant Technology Solutions on Monday met its revenue guidance given for the quarter ended March 30 and projected its April-June revenues to cross those of Infosys, something long anticipated in industry circles.
Software major Infosys on Wednesday said it had identified Thailand as a key target market for its global banking solutions suite, Finacle.
Telecom software and service solutions provider Mahindra-British Telecom has acquired privately-held US-based Axes Technologies for $54 million to consolidate its position as a leading services provider in the sector.
Though domestic IT majors like Infosys Technologies, Tata Consultancy Services and HCL Technologies painted a gloomy picture of the IT sector in the coming quarters, technology bellwether Cognizant Technology Solutions and Genpact, India's largest Business Process Outsourcing firm, not only posted better results but have also given decent guidance to the markets.
The overwhelming feeling at the end of COP 27 was that despite decades of meetings and landmark accords, like the Paris Agreement, the world was still not doing enough to slow the climate crisis, observes Ambassador T P Sreenivasan.
The edtech major promised a learning revolution, offering hope to millions of under-educated youth. Now, those dreams are shattered, observes Devangshu Datta.
Eighteen American information technology professionals have filed a civil lawsuit against its former employer, Cognizant, for replacing them with people from India who were hired by the IT major on H-1B visas.
Restricted by small budgets and staff size, most of the mid-sized companies are looking for technology solutions designed to meet their specific needs, according to a new research commissioned by global computer maker HP. Many of the mid-size firm owners found solutions designed for big enterprises not suitable to cater to their specific needs or business objectives. Mid-size firms wanted enterprise class functionality but solutions that were simple, manageable & affordable.
Technology solutions provider Fiserv India on Tuesday said it will increase its headcount in the country by over five times to 5,000 by the end of 2009.
'Since God was being shown in live action on such a large scale, Prasanth was initially sceptical about going with an animated character.'
Prime Minister Narendra Modi on Tuesday said India will become the growth engine for the world in the coming years, and the ease of doing business has improved with "mission-mode" reforms being undertaken by his government. Speaking at the BRICS Business Forum Leaders' Dialogue in Johannesburg, Modi also said India soon will become a $5 trillion economy.
Educational institutes feel the pain as hiring roughly 50% of usual this year.
We have the workforce, now we need to ensure that we take full advantage of game-changing technologies and geopolitical openings, suggests Jayant Sinha, chairman, Parliament's Standing Committee on Finance.
The two days come in the midst of the Chaitra Navratra -- a nine-day period of fasting and spiritual importance for the prime minister.
Hiring during a recession and leveraging a stable succession gameplan are just a few amongst many other things that this firm did right.
R Ravindra, India's Deputy Permanent Representative (DPR) to the United Nations, on Wednesday, underlined New Delhi's efforts to send humanitarian assistance to civilians in the Gaza Strip, amid the ongoing Israel-Hamas war, saying that it has sent 38 tonnes of food and critical medical equipment to the region.
The alliance focuses on the support of US loan servicing loan modification initiatives as defined under the Home Affordable Modification Program or alternative loan modification programs, Bangalore-headquartered Infosys said.
'Why should we disclose classified information to satisfy those who doubt our Hydrogen Bomb capability?'
"On space, we will be able to announce that India is signing the Artemis Accords, which advance a common vision for space exploration for the benefit of all humankind," a senior administration official said hours before the meeting between Prime Minister Narendra Modi and President Joe Biden in the Oval Office.
