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  • More H-1B visas going to US technology cos: Report
    on April 26, 2018 at 6:03 pm

    WASHINGTON: Four of six high-profile US tech companies were among the top 10 employers for approved H-1B petitions for initial employment in fiscal 2017, National Foundation for American Policy said in its latest report on work visa popular among Indian IT workers.The trend reflects the strong demand for high-skilled talent in the US economy.Four of 6 high-profile US tech companies - Amazon (2,515), Microsoft (1,479), Intel (1,230), and Google (1,213) - were among the top 10 employers for […]

  • SBI-led lenders ask NCLT to dismiss Ericsson insolvency plea against Reliance Communications
    on April 26, 2018 at 5:59 pm

    MUMBAI: A consortium of 30 lenders to Reliance Communications, led by State Bank of India, has urged the bankruptcy court to dismiss Ericsson’s insolvency petition against the telco, saying its asset sale to Reliance Jio worth Rs 18,000 crore was critical to all parties.“Do not admit the matter,” Fredun De Vitre, senior counsel who represented the 30 lenders waiting to recover their dues from Reliance Communications (RCom) through asset monetisation, told the National Company […]

  • Vodafone, Airtel may seek block sale of stake in merged tower firm: Analysts
    on April 26, 2018 at 5:47 pm

    KOLKATA: UK’s Vodafone and Bharti Airtel may jointly negotiate a block sale of their combined 66.6% controlling stake to a third-party, postclosure of the Indus-Bharti Infratel merger, with a mix of deep-pocket global investors such as KKR, Providence, Brookfield and American Tower Corp (ATC) as potential buyers, some analysts said.“We do not believe either Vodafone or Bharti Airtel are long-term holders of the stock and would not be surprised to see a ‘block sale’ of […]

  • Why startups are ditching Indian talent and looking overseas to hire workforce
    on April 26, 2018 at 5:43 pm

    Several Indian startups are hunting for talent in artificial intelligence, machine learning, robotics and big data across the world to overcome a big demand-supply mismatch for talent with knowledge of futuristic technologies.While some of them are trying to rope in talent from markets such as the US, Europe and China, most are scouting for Indian professionals with an international stint or a global degree to improve cost efficiency. Besides poor availability of talent in cutting-edge fields […]

  • Mimicking China may not solve India's job puzzle. Here's why
    on April 26, 2018 at 5:16 pm

    The World Bank asked an important question in a report released last fortnight (‘Jobless Growth? South Asia Economic Focus Spring 2018’, How much should India grow to provide adequate employment to its labour force? My colleague Sakshi Gupta had raised a similar issue in her March report (‘Creating Jobs: Why? How? Where?’, HDFC Bank Treasury Research, 6d5Sw2Q). The answers that both seem to have arrived at are alarming, to put it mildly.The World […]

  • Is recession on the horizon? Global markets' similarity to 2007 may suggest so
    on April 26, 2018 at 5:06 pm

    By Dean CurnuttAt first glance, the burst of volatility in 2018 is difficult to square with propitious micro and macro fundamentals. The backdrop is one of steady economic growth; strong corporate earnings; and low rates of unemployment, inflation and default. None of these is a departure from 2017, a year when the S&P 500 Index experienced the lowest level of realized volatility in more than 50 years. Why, then, were the daily swings in the index during the first quarter more than three […]

  • Infosys may hire more than 2000 at Indiana hub: Report
    on April 26, 2018 at 4:24 pm

    Infosys is likely to hire more Americans at its Indianapolis hub. The bengaluru-headquartered company had earlier announced it would hire 2000 Americans over two years at the hub, which had more than 150 employees early March. The facility at Indianapolis serves as an innovation lab, showcasing new prototypes in virtual, augmented and robotic technologies, said the company. This hub will also foster co-creation, training and collaboration. IndyStar newspaper reported that Infosys “is […]

  • Tech view: Nifty forms bullish candle; needs to cross 10,550
    on April 26, 2018 at 12:01 pm

    NEW DELHI: The Nifty50 index advanced on Thursday but could not breach the 10,620-640 range, which is seen as the immediate hurdle for the index. The 50-pack made a bullish candle on the daily chart and needs to breach the range decisively, before there is any sustainable rally.The index has been consolidating in the 10,625-10,500 range for last 7-8 sessions, said Rajesh Palviya, Head Technical & Derivatives, Axis Securities. Any sustainable close above this will cause further breakout […]

  • After Hours: 10 things you must know about Thursday’s market
    on April 26, 2018 at 11:48 am

    NEW DELHI: Brisk buying on Dalal Street helped the benchmark indices shut shop with handsome gains on Thursday as the April series F&O contracts expired.The S&P BSE Sensex added 212 points, or 0.62 per cent, to settle at 34,713. NSE’s Nifty50 index closed firmly above 10,600 at 10,617, up 47 points.Here’s your lowdown on 10 things you must know about today’s session:YES Bank gets a high on strong Q4Shares of Rana Kapoor-led YES Bank shot up over 8 per cent to close at […]

  • Salary topmost deciding factor in jobs search: Randstad
    on April 26, 2018 at 5:28 am

    Salary and employee benefits continue to be the top driver among the Indian workforce across all profiles while choosing an employer in 2018, according to an employer branding survey conducted by Randstad, one of the leading human resource services provider in the country.About 48% of the respondents, from 30 participating countries and more than 175,000 people worldwide, have salary on the top their minds when it comes to deciding their place of work. Work-life balance (44%) and job security […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]

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