Cloud

Nilekani, in his Chairman’s address, stressed on the company’s One Infosys Approach, saying it helped the company deliver its fastest growth in a decade. Challenges such as slowing growth, supply chain disruptions, soaring inflation, rapidly rising interest rates, and fears of a recession present an opportunity to transition to new ways to gain market share, Infosys Chairman Nandan Nilekani said on June 25. Addressing shareholders at the company’s 41st Annual General Meeting, Nilekani said, corporate leaders are having to deal with challenges in a post-pandemic world, and along with the above challenges, there is potential to help them. The AGM’s agenda — along with approving of financial statements — also included the reappointment of CEO Salil Parekh and the approval of his new compensation. Salil Parekh’s proposed compensation, for his second term till March 2027, is Rs 79.75 crore annually, up 88 percent from FY22. Shareholders approved his salary hike, making him one of … [Read more...] about Challenges present opportunity for Infosys to gain market share: Nandan Nilekani

Telangana government said it has recorded an increase of 26.14 percent in export of information technology (IT) and information technology enabled services (ITeS) for FY2021-2022. The state has also increased employment in the sector by 23.78 percent. IT/ITeS exports increased from Rs 145,522 crore in FY21 to Rs 183,569 crore in FY22; and employment in the sector increased from 628,615 in FY21, to 778,121 for FY22, said Telangana IT and Industries minister KT Rama Rao. Rao informed that Goldman Sachs entered Hyderabad last year and it plans to grow to a headcount of 2,500 in three years. Further, OnePlus has also set up a hub for making smart TVs, and around 500 employees are engaged in the production, he informed. Genpact laid a foundation for its campus in Hyderabad, and will be adding 15,000 new jobs in the city's eastern corridor, Rao added. He also said that American multi-national company (MNC) Qualcomm has announced its largest campus outside USA in Hyderabad, which … [Read more...] about IT exports in Telangana for FY22 increases by 26.14% to Rs 183,569 crore

Share to Twitter Share to Linkedin “Keep on going straight down until you can’t go on anymore. You'll reach a very small village; it’s like it’s the last village before you reach the end of the world,” says Pierre, the taxi driver who picks me up from Marseille train station. As we zip along the craggy coastline of France's second largest city, he tells me a little bit about Les Goudes, where I am headed, which is a district in south Marseille tucked in the Calanques National Park, a large rocky stretch of limestone cliffs scattered with coves that extends 200 square miles along the sea. We stop before Les Goudes village in front of a small glass door with pastel pink lettering indicating I’ve reached Tuba Club , the restaurant with rooms that's become a go-to for well-heeled travelers since it opened in summer 2020. The small clapboard building is combed with a corrugated roof like icing on a cake. Inside, there's a beachy fresco by artist Emmanuelle … [Read more...] about Tuba Club, South Of France’s Coolest Spot, Gets Hot New Resident Chefs

- A + A KUALA LUMPUR (June 26): Heidi Shamsuddin says fairy tales travel and move. They come from our past, into our present and are the stories we leave behind for our children. If we stop telling them, they will die and eventually be forgotten. She has researched myths, fables, legends, folklore and magic stories from the region and adapted 61 of them in an anthology, Nusantara: A Sea of Tales . The author has also recorded more than 40 of these stories on her YouTube channel, Nusantara Fairy Tales with Heidi, to bring them to a wider audience. Paraphrasing English writer Diana Wynne Jones, she says fairy tales begin with “what if” questions that let readers walk around a problem “to see the rights and wrongs of it to see if there is a solution”. Shiseido was Japan’s first Western-styled pharmacy when it opened its doors at Tokyo’s Ginza district in 1872. Its first product was a toothpaste. The beauty conglomerate which operates in about 120 countries and regions … [Read more...] about Standing tall

Share to Twitter Share to Linkedin Elon Musk has gained 17 million Twitter followers since April, when he first announced plans to buy the social media company. But there is one billionaire who still has even more followers than he does. Oh, the power of an enormous Twitter following paired with an enormous fortune. Elon Musk—the world’s richest person—has 99.5 million Twitter followers who are exposed regularly to his rants and musings. He uses Twitter as a publicity tool (journalists regularly rush to cover whatever he says) and as a bully pulpit, complaining about regulators (including the Securities and Exchange Commission ), people he doesn’t like (that “pedo guy,” a term Musk used in 2019 to describe Vernon Unsworth, a British cave diver who helped rescue a trapped junior football team in Thailand. Unsworth sued for defamation and lost ) and politicians. President Joe Biden , Sen. Elizabeth Warren and Sen. Bernie Sanders , to whom he … [Read more...] about Here Are The Billionaires With The Largest Twitter Following

A firefighter extinguishes a burning house hit by Russian Grad rockets in Kyiv’s Shevchenkivsky district, on March 23, 2022, as for the first time, there are signs that Ukrainian forces are going on the offensive, retaking a town near Kyiv and attacking Russian forces in the south of the country. AFP KYIV — Explosions rocked Kyiv Sunday morning, a day after a flurry of missiles struck targets across Ukraine and Russian troops “fully occupied” the key industrial hub of Severodonetsk. AFP journalists reported a residential complex near the centre of Kyiv had been hit, causing a fire and cloud of grey smoke. A colleague living in the complex heard a loud buzz preceding the explosions Ukrainian President Volodymyr Zelensky, who will address G7 leaders on Monday, said cities as far away as Lviv, near the Polish border, had been struck by a wave of attacks Saturday. “This confirms … that air-defence systems — the modern systems which our partners have — should not be on the sites or … [Read more...] about Explosions rock Kyiv, as Russians ‘fully occupy’ Severodonetsk

(Representative image: Reuters) Dear Reader, A whiff of change wafted through the markets this week. The focus shifted from worrying over inflation to concerns about growth. The advance Purchasing Managers Indices (PMIs) for the current month for the US and the Eurozone showed slowing growth, but while they indicated inflation was cooling in the US, it continued to rise relentlessly in the Eurozone. They also reflected stalling demand and falling business confidence. The New York Fed’s economic model predicted an 80 percent chance of a hard landing for the US. UK consumer confidence hit a record low. In China, housing starts and property transactions reached extreme lows. The worries over an imminent recession in the US, the UK and the Eurozone sent commodity prices sharply lower. Copper prices have moved down dramatically. My colleague Ravi Ananthanarayanan wrote about the dark clouds hovering over steel . Crude oil prices too fell. That dissipated some of the … [Read more...] about MC Pro Weekender | A new narrative

Economy: Threatened worldwide | Climate change is curbing growth and incomes and threatens trillions of dollars' worth of damage. Estimates cited in the report say high warming of 4C could drag down global GDP between 10 and 23 percent this century, compared to a world without warming. With no action, climate change could push between 35 and 132 million more people into extreme poverty by 2030. GDP per capita was 13.6 percent lower for African countries in 2010 than it would have been without global warming since 1991. Sub-Saharan Africa could lose a further 12 percent of GDP by 2050 and 80 percent by 2100 with high emissions. (Representative Image) As nations across the globe seek comfort in coal to mitigate the raging energy crisis, clouds are gathering over the GHG (greenhouse gas) emission targets set by different countries to cut the global carbon footprint within a stipulated time frame. Stoked by the Covid pandemic and fuelled by the Russia-Ukraine military conflict, there … [Read more...] about We need to shield climate target from energy shock