As far as India is concerned, we can rejoice to say a person of Indian ethnicity has become the PM of a country that once colonized India. But we need to temper our enthusiasm and joy with the understanding that Rishi Sunak is a British Indian.
Murthy, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares, or 0.93 per cent, of Infosys at the end of September, according to company filings with the stock exchanges.
Murty, 42, is the daughter of Infosys founder NR Narayana Murthy, often described as the Bill Gates of India. As per reports, Akshata holds a 0.91% stake in her father’s company, worth about 700 million dollars.
Sunak, 42, on Sunday won the race to lead the Conservative Party and is now set to become Britain's first prime minister of Indian origin.
MD Ranganath will be Catamaran's Chairman, and Deepak Padaki will be the firm's President.
"Amazon will acquire Catamaran’s shareholding in Prione in compliance with applicable laws including all assets and liabilities," the two companies said in a joint statement on December 22.
Sunil Ambekar, all-India publicity in-charge of RSS, said in a tweet on September 5 that Panchjanya is not mouthpiece of the RSS and the article or opinions expressed in it should not be linked with the Sangh. He also said Infosys has made seminal contribution in progress of the country
The CAIT has also dragged banks such as HDFC Bank and State Bank of India for partnering with Amazon to give shopping advantage to people for purchasing goods exclusively from Amazon and other e-commerce companies.
When asked about Bezos’ reaction, Murthy stated that the Amazon CEO was very understanding.
The Hampshire-born used to be a junior minister in the department of local government before he was promoted to the rank of a chief secretary
Murthy was referring to the government’s 10-point economic growth plan for the coming decade that was listed out by Finance Minister Piyush Goyal on February 1.
Ranganath had assumed the role three years back after the exit of Rajiv Bansal, who had found himself in the middle of tensions with the then Vishal Sikka-led management team.
His comments came after the Infosys board under chairman Nilekani gave a clean chit to the company's USD 200 million Panaya acquisition. The board also refused to put out additional details of the probe, as had been demanded by Murthy.
There's been a lot of talk around whether or not Britons will vote to stay in the European Union. Brexit, as it is called, will have repercussions on the UK, the EU as well as emerging markets like India. The referendum is set for June 23. Here is a look at how it would play out and what impact, if any, it would have on countries and currencies.
Delhi School of Business, thumped all leading Business Schools in Delhi and all over India, including all new IIM's to emerge India's No. ...
Murthy, who took Infosys to great heights in his over three-decade long association with the company, said institutes like the Film and Television Institute of India (FTII) need to be strengthened to match with the best internationally.
Sandeep Muthangi is bullish on IT sector given the huge demand environment and prefers Tech Mahindra and HCL Technologies over Infosys given their cheaper valuations and a fairly consistent performance.
Investors are euphoric on the stock as the IT exporter raised its full year (FY14) dollar revenue guidance to 11.5-12 percent from 9-10 percent earlier, which was largely in-line with analysts' expectations of 11-12 percent.
The Indian rupee opened marginally higher at 61.99 per dollar versus 62.07 Thursday.
October-December period is a seasonally weak quarter for technology companies due to holiday season and project furloughs, which has already been factored, believe analysts.
Analysts believe the full year dollar revenue guidance (FY14) is the key to watch out for. According to them, if the company does not increase the guidance then the stock may see knee-jerk reaction.
Narayana Murthy, executive chairman, Infosys slammed the Central Bureau of Investigation (CBI) today for leveling charges against Birla. He said, â€œa detailed, highly diligent and complete set of facts is not likely to move well in the eyes of investors from abroad as well as the Indian businesses.
During the period, the IT major's attrition rate increased to 17.3 percent compared to 16.9 percent in the June quarter. It saw net addition of 2,964 employees in the quarter. Overall, 12,168 employees joined Infosys and its subsidiaries during the second quarter.
ICICI Bank, Infosys, L&T, Tata Motors and Maruti Suzukia are top gainers in the Sensex. Among the top losers are Tata Power, Coal India, Sesa Sterlite and Sun Pharma.