"According to executives, Sikka's product mindset did not work for the company and eventually led to his departure. Then came Parekh’s appointment at a time the company was looking for an executive who would bring in stability," said Pareekh Jain, founder, Pareekh Consulting. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?
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"If you look at smartphones, there is always a smartphone which is smarter than your current phone ... or the companies, the Apples and the Androids of the world, they are constantly creating something for you to come back in the market in the next 18-24 months. Who in the furniture world is making you come back in 18-24 months," he said. … [Read more...] about Why this H1-B visa holder decided to start a furniture rental company
Real estate sector is suffering from its own issues of high leverage, increasing inventory levels, extreme demand weakness, high compliance etc. Consolidation has been very clear in this sector, the large will continue to gain market share, and smaller players will continue to face tough times and will eventually contract their business. I believe with the reducing purchasing power of people, they will stay away from investing in illiquid asset like real estate, and demand will stay away for a much longer time (2-3 years), till the real estate prices and purchasing power does not match. … [Read more...] about ‘Focus more on essential goods & services companies, realty demand unlikely to revive soon’
"FIIs selling was high on the segments where exposure or holding was high. It also had a high impact on sectors that were highly sensitive to the fall in GDP. For example, the banking sector was the worst hit due to high exposure of FIIs and fall in economy deteriorating their credit growth & quality of the asset," Nair said. … [Read more...] about FIIs pare stake in 90% Nifty companies in Q4; trend may continue in coming quarter
The order comes in retaliation to Twitter’s decision to fact-check a presidential tweet containing misinformation about absentee voting. Twitter’s move marks the first time a major social media platform has provided fact-based context for President Trump’s tweets, which are often full of misinformation. As the 2020 election heats up, the decision may lead to more questions about when Twitter should apply a misinformation label and when it shouldn’t. … [Read more...] about Trump’s new executive order is a ‘mugging of the First Amendment,’ says Sen. Wyden