Midcap IT services company Cyient Limited announced on Wednesday the appointment of Sukamal Banerjee as its chief executive officer (CEO) and executive director for a term of five years, effective immediately. Banerjee will assume the role of key managerial personnel and will be integrated into the senior management team at Cyient DLM Limited, as stated… Continue reading Cyient Appoints HCLTech Veteran Sukamal Banerjee as CEO
Category: Business
Infosys terminates around 400 trainees | Denied overnight stay on Campus
Infosys, a prominent player in the technology sector, is encountering significant backlash following the termination of approximately 400 trainees at its Mysuru campus due to alleged failures in internal assessments. The company has faced severe criticism for the manner in which these individuals were evicted, as they were compelled to leave the premises on the… Continue reading Infosys terminates around 400 trainees | Denied overnight stay on Campus
JPMorgan CEO Dimon derides in-office work pushback | demands efficiency
In a recent town hall meeting, JPMorgan Chase CEO Jamie Dimon dismissed requests from certain employees to relax the bank’s five-day return-to-office policy, as reported by a recording reviewed by Reuters. Employees at the largest bank in the United States have expressed their dissatisfaction on internal platforms regarding the loss of hybrid work arrangements, with… Continue reading JPMorgan CEO Dimon derides in-office work pushback | demands efficiency
IBM Return-to-Office order Hits Finance, & Ops teams | Check details
IBM has initiated what a source refers to as a soft layoff within its Finance & Operations division, characterized by a return-to-office (RTO) mandate. Employees within this division in the United States have been instructed to reside in proximity to one of two designated hubs or risk termination. “Managers have been directed to communicate with… Continue reading IBM Return-to-Office order Hits Finance, & Ops teams | Check details
US Fed to loosen tough stance on Digital Assets as Trump embraces Crypto
US Fed: The Federal Reserve and the Office of the Comptroller of the Currency, which serve as the primary banking regulators in the United States, are poised to ease their stringent approach towards digital assets following President Trump’s full endorsement of the sector, as reported by On The Money. Executives at leading financial institutions, including… Continue reading US Fed to loosen tough stance on Digital Assets as Trump embraces Crypto
RBI cuts Repo Rate by 25 Basis Points for the first time in 5 years
India’s central bank has implemented its first interest rate reduction in nearly five years in response to the deceleration of growth in the country’s economy, which ranks third in Asia. The Reserve Bank of India (RBI) has lowered its repo rate from 6.5% to 6.25%, aligning with the forecasts of numerous economists. The repo rate… Continue reading RBI cuts Repo Rate by 25 Basis Points for the first time in 5 years
SAS presents a $1.5 Trillion opportunity for both Software and Services firms.
Have you been utilizing your FOBO pills? Without a healthy Fear Of Becoming Obsolete, you may find yourself in a challenging situation, earnestly seeking someone to purchase your offerings. To be direct, if you believe that enterprise software and services will resemble their current form in the future, you are mistaken. SaaS has become an… Continue reading SAS presents a $1.5 Trillion opportunity for both Software and Services firms.
HCLTech, Infosys in race for $1 Billion Volvo Tech deal | Check report
HCLTech, an IT services firm, is poised to defend its $1 billion contract with Volvo Group, a Swedish truck manufacturer, which is currently up for renewal, as reported by the Times of India. Infosys is reportedly interested in this lucrative contract. Last week, representatives from both companies convened at Volvo’s headquarters in Gothenburg, Sweden, to… Continue reading HCLTech, Infosys in race for $1 Billion Volvo Tech deal | Check report
Goldman Sachs Prediction on Tesla Stock in next 2 Years?
Tesla (NASDAQ:TSLA) may encounter challenges within its primary electric vehicle sector; however, its high valuation indicates strong confidence in future innovations such as the robotaxi and its sophisticated full self-driving (FSD) software. Investors are optimistic about these transformative projects, but the extent of their influence in the coming years remains to be seen. Invest with… Continue reading Goldman Sachs Prediction on Tesla Stock in next 2 Years?