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Infy's market cap after peaking at $110 billion in January is around $79 billion now, more than double what it was when Salil Parekh took charge. By approving a mega-compensation package for Salil Parekh, its CEO for the last four-and-a-half years, Infosys isn’t just rewarding his performance but also correcting a historical wrong. In 2017, Parekh was brought in after the messy exit of previous CEO Vishal Sikka. Through all the sparks that flew in the months leading up to the eventual transition, it was Sikka’s high salary that was the bone of contention. The fact is, notwithstanding co-founder NR Narayana Murthy’s disagreements with Sikka over the issue, the company’s investors clearly were impressed with his performance, enough for its share price to rise 26 percent in the three years that he was at the helm. Nor was this part of a secular rise in IT stocks. During that period, Infosys was the outperformer in the stock market with shares of the other four Indian IT companies … [Read more...] about Salil Parekh’s salary is merely a reflection of Infosys’ performance

Share to Twitter Share to Linkedin You've probably seen the pictures of the mountains of luggage at London's Heathrow Airport. You've heard about the heat wave. And maybe you have friends who got Covid while they were in Europe. With all that's happening, maybe you need a better guide to traveling to Europe this summer. "Tourism is back," says David Corsun, director of the University of Denver's Fritz Knoebel School of Hospitality Management. "Hotels are full. Flights are full. Restaurants are full." Travel by Americans to Europe will soar 600 percent over last summer , according to new projections by Allianz Partners. ADVERTISEMENT Europeans are traveling more, too. A new survey by insurance company Europ Assistance Group found that 71% of Europeans intend to travel during the summer . That's a 14 percentage point increase compared to 2021. But you don't have to get stuck in a crowd and miss the best part of your European vacation. … [Read more...] about The Ultimate Guide To Traveling To Europe This Summer

Share to Twitter Share to Linkedin It's going to be a busy summer travel season. And different. The summer travel advice from experts is different, too. Domestic travel volume will rise 16% over last year, with almost 75% of Americans planning to travel domestically for summer vacations, according to Allianz Partners' Top 10 Summer Destinations review . And travel to Europe will soar 600% over last year. ​​ "The floodgates have opened," says Valentina O'Kane, owner of Incognito Global Travel , an affiliate of Embark Beyond. "People are rushing to get out there again. The popular tourist destinations are overbooked, with little if any availability. They are going to be overcrowded and overpriced this summer." I just interviewed 200 top travel experts about what lies ahead for travel. Here's part one of my series , which outlines what to expect in the next three months. There are two important takeaways. Covid is far from over, so you may … [Read more...] about Expert Summer Travel Advice For Your Next Vacation

This picture taken in eastern Syrian province of Deir Ezzor shows explosions following shelling by the US-backed forces on the Islamic State group’s embattled holdout of Baghouz, on March 11, 2019.  (Photo by BULENT KILIC / AFP) Beirut, Lebanon — Eight years of war in Syria have left more than 370,000 people dead including 112,000 civilians, a monitor said Friday. The Syrian Observatory for Human Rights, which has a network of sources across the country, said more than 21,000 children and 13,000 women were among the dead. The conflict flared after unprecedented anti-government protests in the southern city of Daraa on March 15, 2011. Demonstrations spread across Syria and were brutally suppressed by the regime, triggering a multi-front armed conflict that has drawn in foreign powers and militant groups. The Britain-based Observatory’s last casualty toll on the Syrian conflict, issued in September, stood at more than 360,000 dead. Over 125,000 Syrian government … [Read more...] about Syria death toll tops 370,000 in 8 years of war — monitor

Wall Street's main indexes rose over 1% on Friday as signs of slowing economic growth and falling commodity prices tempered expectations over how high the Federal Reserve will raise interest rates to rein in inflation. Global financial markets have been roiled this month on worries that rapid rate hikes by major central banks could cause a recession, with the benchmark S&P 500 (.SPX) confirming a bear market last week as it recorded a 20% drop from its January closing peak. The three main indexes on Friday looked set to notch their first weekly gain in four, boosted by megacap growth stocks and defensive sectors such as healthcare and utilities seen as safer bets during times of economic uncertainty. "Conversations about the U.S. economy likely slowing which could lessen the hawkishness of the Fed, combined with lower commodity prices and bond yields - these are reasons investors are mentioning to justify why we could experience a near-term bounce," said Sam Stovall, … [Read more...] about Wall Street rallies as traders dial back rate-hike bets

Ukrainian service members walk in the industrial area of the city of Sievierodonetsk, as Russia’s attack on Ukraine continues, Ukraine June 20, 2022. (REUTERS/Oleksandr Ratushniak/File Photo) KYIV/POKROVSK, Ukraine — Russian forces have fully occupied Sievierodonetsk, the mayor of the eastern Ukrainian city said on Saturday, confirming Kyiv’s biggest battlefield setback for more than a month, after weeks of some of the war’s bloodiest fighting. Ukraine called its retreat from the city a “tactical withdrawal” to fight from higher ground in Lysychansk on the opposite bank of the Siverskyi Donets river. Pro-Russian separatists said Moscow’s forces were now attacking Lysychansk. The fall of Sievierodonetsk — once home to more than 100,000 people, now a wasteland — was Russia’s biggest victory since capturing the port of Mariupol last month. It transforms the battlefield in the east after weeks in which Moscow’s huge advantage in firepower had yielded only slow gains. Russia will … [Read more...] about Ukrainian city falls to Russia in one of war’s bloodiest fights

Members of the rock band Pink Floyd are seeking at least US$500mil (RM2.2bil) in a deal for their music catalog, according to people familiar with the talks, which would be one of the largest sales in music history. The group known for hits such as Money and Comfortably Numb is selling its recording and songwriting catalog, as well as the power to create merchandise based on the band, said the people, who asked not to be identified because the talks are confidential. Patrick McKenna, who is representing the band in the process, didn’t respond to an email seeking comment. McKenna has winnowed the list of potential buyers to four, said the people. The names include Warner Music Group Corp., Sony Music Entertainment and BMG. Sony and Warner already distribute some of Pink Floyd’s music. The British rock band released some of the most popular records ever, including Dark Side Of The Moon and The Wall, two albums that defined music in the 1970s. The group has sold 75 million … [Read more...] about Pink Floyd is seeking US$500mil for music catalog including ‘The Wall’

Representative Image Silver Pearl Hospitality & Luxury Spaces Limited became the 375th company to get listed on the BSE SME Platform on June 17, 2022. The company had launched its initial public offering (IPO) of 50,00,000 equity shares of Rs 10 each for cash at a price of Rs 18 per equity share, aggregating Rs 9 crore. The company successfully completed its public issue on June 09, 2022. Silver Pearl Hospitality & Luxury Spaces Limited is a West Bengal-based hospitality company that comes under the mid-priced hotel category. It includes upper-midscale, midscale, and economy hotels. Silver Pearl Hospitality's current properties are located in Rakchham, Kinnaur, and other parts of Himachal Pradesh. Silver Pearl Hospitality & Luxury Spaces Limited hotels, cafés, and restaurants are operated under the brand name "Osiya". The company also engages in the business of Online Marketing and Branding of Tashi Dolma home stay situated in Kinnaur, Himachal Pradesh on a … [Read more...] about Silver Pearl Hospitality is the 375th firm to be listed on BSE SME Platform

Wall Street, New York City (File image: Reuters) From 1999 to 2019, I managed money for some of the largest hedge funds in the world ( Millennium, Brevan Howard, ExodusPoint ). During that time, I generated positive returns for 103 consecutive months, which is quite possibly the longest such streak in hedge fund history. This extraordinary feat was made possible by my strict adherence to three key principles. First, I made sure that I had a method that turns the odds in my favour. Second, I had the discipline to stay with that system in good times, and bad times. Finally, it is vital to play with a bankroll that is large enough to ride out market fluctuations. Lose any one of these three things, and it becomes impossible to beat the market for any length of time. Have A System : As a professional gambler who accidently landed on Wall Street way back in 1993, I have always had a keen sense of the odds in any game. I played blackjack because it is the only game where a … [Read more...] about How I beat Wall Street for 103 consecutive months