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US Executives Charged For Alleged $2 Million Bribe To ADMK government in Tamilnadu

Two former high-ranking executives of the technology company Cognizant have been charged by US prosecutors in alleged $2 million bribery of Tamil Nadu government officials to get building permits for its campus in Chennai.   Separately, the Securities and Exchanges Commission (SEC), which oversees publicly traded companies, fined Cognizant a total of $25 million for Read More…

Companies Industries Market Technology

AI bound Virtual assistants to increase to 25% by 2021 : Gartner Reports

According to a report by Gartner, Inc, the contact centre was the pilot and testing ground for many adopters of virtual assistants (VAs), but with the democratisation of artificial intelligence (AI) and the development of accurate and clever conversational user interfaces (UIs), different types of VA have arisen: virtual personal assistants (VPAs), virtual customer assistants Read More…

Companies Technology

BSNL board on Feb 15 to decide on major recommendations of expert committee

BSNL’s board, which is meeting in New Delhi on February 15, is expected to discuss recommendations made by an expert committee, highly-placed sources reveals   The state-owned telecom services provider Bharat Sanchar Nigam Limited (BSNL) is mulling over a massive reduction in its workforce to the tune of 54,451 workers by reducing the retirement age Read More…

Business Companies Industries Market Opinion

Unorganised Pension Scheme : Not a social security but financial security scheme for the government

Finance Minister Piyush Goyal announced a new pension scheme for unorganised sector labourers with a flourish in his budget but a government notification shows that only those below 40 years can join the scheme, leaving a large number out of the ambit of the scheme.   The specifics of the scheme has not gone down Read More…

Business Companies Market

Online Giant Amazon restructured its Share holding % in its vendor Companies

India’s modified foreign direct investment rules that kicked in on February 1, prevent companies such as Amazon from selling products from vendors where they, or their group companies, have equity holdings.   Amazon was forced to remove hundreds of thousands of items sold by top vendors Cloudtail and Appario as it indirectly held 49 percent Read More…

Asia Business Companies Europe

Mallaya tweets after attachment value crossed 13000 Cr still banks are after him

Lliquor baron Vijay Mallya on Friday claimed his group’s properties worth over Rs 13,000 crore have been attached, more than the ‘claimed’ Rs 9,000 crore that he “ran away with” asking where is justice and how far will it go.   “Every morning I wake up to yet another attachment by the DRT (debt recovery Read More…

Business Companies Industries Market Politics

Moody’s doubts can India meet even the 3.4 percent fiscal gap target for FY20.

Interim Finance Minister Piyush Goyal on Friday tabled the interim budget before the Parliament. While he doled out many sops and benefits to the middle class and the farmers, the interim budget also allocated highest-ever fund to Indian Railways.   Piyush Goyal said that the Government will make one lakh villages into Digital Villages over Read More…

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Fiscal deficit target missed , Net borrowing increased Electorate oriented Budget

Although the convention is that a government facing re-election does not make any major taxation or spending proposals that would tie the hand of the next government, which would present the full Budget subsequently, Goyal’s speech laid out a series of appeals and promises to different sections of the electorate.   While doing so, Goyal Read More…

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Modi Era India unemployment rate roars 45-year high in 2017-18

In the latest setback for Prime Minister Narendra Modi just months before the Lok Sabha elections. India’s unemployment rate rose to a 45-year high during 2017-2018, the Business Standard newspaper on Thursday quoted a government survey as showing,   Earlier this month, the Centre for Monitoring Indian Economy, a leading independent think-tank, said the country Read More…