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In this insightful conversation, Phil Fersht, CEO and Chief Analyst at HFS Research, sits down with Angan Guha, CEO & MD at Birlasoft and a global tech and services industry veteran. With over 30 years at Wipro and now leading a fast-growing mid-sized IT firm, Angan shares his unique perspectives on leadership, global capability centers (GCCs), the evolving role of Indian IT, and how GenAI is reshaping the workforce. From navigating geopolitical shifts and economic uncertainty to preparing talent for the AI-driven future, this discussion is packed with practical wisdom, career advice for the next generation, and reflections on what it takes to differentiate and thrive in a rapidly changing industry. A must-watch for anyone interested in digital transformation, talent strategy, and the next wave of innovation in tech services. Subscribe to stay up to date with our visionary research, insights, and upcoming events: https://www.hfsresearch.com/subscribe/
Morse code transcription: vvv vvv Indian IT giant investigates M and S cyber attack link Twelve injured in knife attack at Hamburg railway station Billy Joel cancels tour after rare brain condition diagnosis Hectic two weeks leaves Russia confident and peace in Ukraine feeling no closer Man steering Norway ship that crashed into a garden was asleep, police say Donald Trumps tariff plans could spark global economic shock Trump threatens tariffs on Apple iPhones and EU products Robbery gang guilty of Kim Kardashian heist in Paris US Treasury confirms the end of the penny As Israel faces diplomatic tsunami, Trump is staying quiet
Morse code transcription: vvv vvv Hectic two weeks leaves Russia confident and peace in Ukraine feeling no closer Robbery gang guilty of Kim Kardashian heist in Paris US Treasury confirms the end of the penny Twelve injured in knife attack at Hamburg railway station Billy Joel cancels tour after rare brain condition diagnosis Man steering Norway ship that crashed into a garden was asleep, police say Donald Trumps tariff plans could spark global economic shock Trump threatens tariffs on Apple iPhones and EU products As Israel faces diplomatic tsunami, Trump is staying quiet Indian IT giant investigates M and S cyber attack link
Morse code transcription: vvv vvv Man steering Norway ship that crashed into a garden was asleep, police say Indian IT giant investigates M and S cyber attack link Hectic two weeks leaves Russia confident and peace in Ukraine feeling no closer Robbery gang guilty of Kim Kardashian heist in Paris Trump threatens tariffs on Apple iPhones and EU products Billy Joel cancels tour after rare brain condition diagnosis As Israel faces diplomatic tsunami, Trump is staying quiet Twelve injured in knife attack at Hamburg railway station Donald Trumps tariff plans could spark global economic shock US Treasury confirms the end of the penny
Morse code transcription: vvv vvv Billy Joel cancels tour after rare brain condition diagnosis As Israel faces diplomatic tsunami, Trump is staying quiet US Treasury confirms the end of the penny Twelve injured in knife attack at Hamburg railway station Donald Trumps tariff plans could spark global economic shock Hectic two weeks leaves Russia confident and peace in Ukraine feeling no closer Robbery gang guilty of Kim Kardashian heist in Paris Indian IT giant investigates M and S cyber attack link Man steering Norway ship that crashed into a garden was asleep, police say Trump threatens tariffs on Apple iPhones and EU products
Dive into the Indian IT sector. Facing recent underperformance and disappointing results, this discussion analyzes current valuations, explores different segments (Large Cap, Mid Cap, ER&D, Product Companies), reviews company guidance, and discusses AI's potential impact. Discover why the sector faces near-term uncertainty despite trading at higher valuations than pre-COVID times.
From possible GST relief on textiles and footwear to rising global pressure on India's electronics exports, here's your quick audio roundup: Why SEBI is eyeing Gensol Engineering, the growing electronics challenge from Saudi and UAE, Trump's tariff storm and what it means for Indian trade, the impact on Indian IT and startup debates heating up. Tune in.
Indian stocks and the rupee ended the week on a high, Apple is ramping up hiring for its India expansion, and Tata Capital is preparing for a massive ₹15,000 crore IPO. Meanwhile, SEBI's new chief has approved LG Electronics India's public listing, and Kotak's Nilesh Shah calls for a ‘Chanakya moment' to attract foreign investors. Plus, what Accenture's results signal for Indian IT. Tune in for the top stories of the day!
On today's episode of Moneycontrol's Tech3 Podcast, we dive into Zoho's AI ambitions under new CEO Shailesh Kumar Davey who compares his leadership style to that of Rahul Dravid's: Calm and rock steady. Accenture's earnings and its dampening effect on Indian IT, Apple's hiring spree in India, Nandini's quick commerce expansion, and Heathrow Airport's shutdown. Tune in for the sharpest startup and tech updates.
Elon Musk's Starlink is making major moves in India, teaming up with Jio after Airtel. But will government approvals come through? Meanwhile, Indian IT firms brace for uncertainty amid US recession fears, and Nielsen bets big on India as a global tech hub. Plus, Flipkart co-founder Binny Bansal is back with a new venture—Opptra. Tune in for the latest on startups and tech, only on Tech3 by Moneycontrol!
On Episode 517 of The Core Report, financial journalist Govindraj Ethiraj talks to Kinjal Shah, Senior Vice President & Co-Group Head, Corporate Ratings, ICRA. We also feature an excerpt from our interview with C Vijayakumar, CEO at HCL Tech from yesterday's Nasscom Technology Leadership Forum in Mumbai.SHOW NOTES(00:00) Stories of the Day(01:19) Markets hammered once again even as institutional brokerage buy calls rise(05:13) We need to transition from an input centric model to an outcome centric model, HCL Tech CEO C Vijayakumar to The Core(11:06) Indian IT to grow faster this year, expand workforce(12:30) Rating agency ICRA projects improved revenues on rural revival and increased Govt spend(20:47) Apple to hire 20,000 workers in US in definite hit to global sourcingListeners! We await your feedback....The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirementsFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, January 6, 2024. This is Nelson John, let's get started. China has a new virus! There is a rising concern about respiratory infections in the country, particularly with an increase in cases of Human Metapneumovirus among children under 14. This virus, part of the same family as the respiratory syncytial virus, has sparked worries due to its symptoms and transmission methods, which are reminiscent of COVID-19. Unlike COVID-19, however, there's no vaccine or specific treatment for HMPV, adding to the global health anxieties. The increase in cases, especially noted in northern China, comes during the usual flu season but has raised some eyebrows globally due to fears of a pandemic-like spread, reminiscent of the early COVID-19 days. However, health experts note that HMPV isn't new; it's been around since 2001 and pops up seasonally in places like the US and UK. Jessica Jani explains what the new virus is and how it could affect the human body, in today's Primer. Donald Trump's second presidential term has reignited concerns over H-1B visas, critical for India's $250-billion IT services sector. Historically, these visas have been essential for employing highly skilled non-immigrants in the US. However, Indian tech companies are less vulnerable today than in the past due to a strategic shift towards hiring more Americans and reducing dependency on H-1B visas. Jas Bardia spoke to IT industry insiders who told him that IT companies are hiring more locally in the US, which decreases the reliance on H-1B visas. US firms now employ more Americans than H-1B visa holders in these roles. Data shows that major Indian IT firms, including Cognizant, Infosys, Tata Consultancy Services, and Wipro, have significantly reduced their H-1B visa applications over the last decade. 2024 marked a significant increase in ultra-luxury real estate transactions in India, with cities like Delhi-NCR, Mumbai, and Bengaluru seeing record deals for homes costing over Rs 100 crore. Speaking to Mint's Khushi Malhotra, Ritesh Mehta of JLL highlighted the growth in this sector, noting high-value transactions on Gurgaon's Golf Course Road and South Mumbai's Malabar Hill. This surge reflects a robust confidence in ultra-luxury real estate as a stable investment. The data from PropEquity revealed 13 such transactions between January and October last year, a slight decrease from 21 in 2023. Anarock Group's data also shows that 99 ultra-luxury residential deals worth Rs 8,069 crore were closed over the past three years.India's new Digital Personal Data Protection Act, 2023 is causing a stir with its latest draft rules, especially around the new requirement for parents to verify their identity when their kids want to use online platforms. This proposal is sparking quite a debate about its practicality and the potential headaches it could cause for both families and companies. The draft rules suggest parents need to prove they're really the guardians using digital IDs like the Digilocker platform, Souvik Das reports. While this is meant to keep kids safe online, it's also raising concerns about the extra burden it places on companies that now have to manage this verification process. Ketan Parekh, once celebrated as a prime mover of India's stock market, found himself implicated in a new scandal. Decades after being banned for a major 2001 market scam, Parekh is accused of using insider information to manipulate trades, profiting ₹38.7 crore. Additionally, a Singapore-based trader linked to him earned ₹27.07 crore in commissions, leading the Securities and Exchange Board of India (Sebi) to seek a return of ₹65.77 crore from those involved. The investigation, lasting over two and a half years, involved deep dives into financial records, phone data, and digital communications across multiple platforms. Sebi's detailed probe revealed Parekh's use of various tactics to disguise his involvement, including using multiple mobile numbers registered under different names and employing pseudonyms. Neha Joshi takes an in-depth look at the 30-month investigation undertaken by the market regulator, which ended up with Parekh's implication.
Welcome to Sridhar's newsletter & Podcast (Click Play button for Audio version of the Post). Appreciate you being here, so we can connect weekly on interesting topics. Add your email id here to get this directly to your inbox.Do subscribe over Apple Or Spotify Or YouTube podcast (Minimalist techie Or on Spotify Or on YouTube) or hear it over email you received through my subscription or on my website.Yeah, from now show is now available on YouTube too.https://www.youtube.com/channel/UCxIqoUW9YsuGBvpV-xP5uLgThis weekly newsletter is mostly about the article, books, videos etc. I read or watch or my views on different topics which revolves around my head during the week. Lets dive into todays topic. Decoding the H1-B Visa Journey: What You Need to Know Before Moving to the U.S.1. Introduction* Today's episode is a reality check for IT professionals, especially from India, who are considering moving to the U.S. on an H1-B visa.* We'll discuss the challenges, misconceptions, financial struggles, and career growth aspects of working in the U.S. on an H1-B visa.* The aim is to provide you with clarity and help you avoid common mistakes made by professionals who moved to the U.S. without sufficient planning.* Let's break it all down.2. The Recent Trend: H1-B Visa Moves (2022–2024)* Over the last few years, especially from 2022 to 2024, there's been a surge in Indian IT professionals coming to the U.S. on H1-B visas.* Many are making this move without doing proper research or understanding what the move entails.* Common outcomes:* Struggling with low wages that don't match the high cost of living.* Living paycheck to paycheck, especially for families.* Returning to India after failing to find jobs or financial stability.* This trend has been accelerating since 2016 as job markets have tightened and companies have introduced restrictions on hiring H1-B professionals.3. What is the H1-B Visa and What it's not* Let's start with the basics: The H1-B visa is a temporary non-immigrant work visa.* It allows U.S. employers to hire foreign professionals in specialty occupations like IT, engineering, finance, etc.* It's crucial to understand that:* The H1-B visa is not a path to permanent residency or citizenship.* Extensions like PERM, I-140, or green card applications are employer-dependent and do not guarantee a permanent stay in the U.S.* The primary purpose of the H1-B visa is to fulfill specific job roles for a fixed period.Mindset Shift:* The H1-B visa is a means to gain international work experience, niche skills, and exposure to a new market—not a guaranteed way to settle abroad.* Always treat it as a temporary work opportunity.4. The Temporary Nature of the H1-B Visa* The H1-B visa is initially granted for three years and can be extended for another three years. Beyond this, extensions require green card sponsorship or other legal pathways.* If your employment ends, you have only 60 days to find another job or leave the country.* It's critical to have a clear plan:* What will you do if your project ends or you lose your job?* Are you prepared to return to India or transition to another opportunity?* Mindset: The mindset you need to adopt: Treat the H1-B visa as a short-term opportunity to gain work experience, niche skills, and exposure to direct client interaction.* Plan for the possibility of returning to your home country once your work is complete or the visa duration ends. Come to the U.S. knowing that your stay may be limited and your focus should be on career growth during this time.5. Factors to Consider Before Moving to the U.S.* Before deciding to move to the U.S. on an H1-B visa, ask yourself these key questions:* What are your goals? Are you seeking international work exposure, higher earnings, or career advancement?* Are you prepared for the challenges, including financial constraints, cultural adjustments, and uncertainties?* How does this move fit into your long-term career plan?* Make a checklist of factors to evaluate:* Skills: Do you have in-demand skills for the U.S. job market?* Financial Readiness: Are you prepared to manage high living costs with the offered salary?* Family Considerations: Are you moving alone or with dependents? How will this impact your finances and lifestyle?* Reflect on how this move will help you grow in your career—both professionally and financially.6. Financial Realities: LCA Salaries and the Cost of Living in the U.S.* Many Indian employers sponsor H1-B visas but pay the minimum required LCA (Labor Condition Application) salary.* LCA salaries are often insufficient to cover the high cost of living in major U.S. cities.* Example: An $85,000 salary in Virginia might seem attractive, but with rents, healthcare, groceries, and other expenses, it's difficult to support a family.* Some counties in Virginia estimate the average household income required for a decent living is $153,000.* Housing Crisis: The U.S. has been experiencing a housing crisis, with skyrocketing rents and home prices.* Inflation Impact: Post-COVID, inflation has increased costs for essentials like groceries, cars, and healthcare.* Many families who moved to the U.S. in 2022–2024 are now struggling financially due to these factors.Personal Finance Tip:* Keep housing expenses at 30–40% of your income. If rents exceed this percentage, you may struggle to save.* For families with a single income, surviving on LCA salaries often leads to financial stress and limited savings.7. When is it Feasible to Move on an H1-B Visa?* Moving on an H1-B visa can still be feasible in certain scenarios:* If you're young, single, and looking for career growth.* If you're financially disciplined and aim to save aggressively—your savings potential in the U.S. could be 5x compared to India (varies by experience and lifestyle).* If your primary goal is to gain career skills and save aggressively.* Or your employer pay offer is meeting with median household income of a county where your job is. However, for families or those on LCA salaries, the financial strain can be significant.8. Basics of Personal Finance for H1-B Professionals* Let's break down some basic financial considerations:* If you're earning $80,000 annually, your rent should ideally be 30% of your income (~$2,000/month). Due to rising costs, it's often closer to 40%.* In major tech hubs, rents can exceed $2,400/month, leaving little room for savings or discretionary spending.* This financial imbalance is why many families on LCA salaries are living paycheck to paycheck or even returning to India.* Plan your finances carefully to avoid falling into this trap.9. Home Buying on an H1-B Visa: A Risky Decision* Many H1-B professionals consider buying a home in the U.S., but this comes with risks:* The H1-B visa is temporary—if you lose your job, you must leave the U.S. within 60 days.* Treat home buying as an investment, not a long-term settlement plan.* Don't fall into the “keeping up with the Joneses” mentality or FOMO (fear of missing out).* Renting vs. buying is a personal decision, but weigh the risks carefully.10. Tightening Job Market and H1-B Exclusions* Post-2016, many job descriptions now explicitly state they're not open to H1-B candidates.* Companies are increasingly stating job is not open for Visa Sponsorships or H1-B due to immigration law frequent changes. Many job descriptions explicitly state they are not open to H1-B visa holders.Example: You will see a lot of job emails as below, means its tighter to find job open for H1-B visa.Position: Datawarehouse engineerDuration: 12 MonthsRate: W2 or 1099Visa: USC/GC/H4-EAD* The tech job market has become incredibly competitive, and international professionals face additional barriers.* This makes it essential to have niche, in-demand skills to compete in the job market.11. Don't Hold Onto Stagnant Jobs* A common mistake H1-B professionals make is staying in the same job or skill set for years, just to maintain visa status.* The work you're doing may become outdated, making it harder to find a new job if you lose your current one.* Key Tip: Upskill regularly to stay relevant in the job market. Learn new technologies, pursue certifications, and adapt to industry trends.12. Switching Employers on an H1-B Visa* H1-B visa holders can change employers, but the process is complex.* Before making the move, assess the U.S. job market carefully.* If you find a job that aligns with your career growth and offers the right wages, go for it.* The U.S. tech market is still a valuable experience, but preparation is key.13. Key Advice for Aspiring H1-B Professionals* If you're considering moving abroad on an H1-B visa, here's my advice:* Do thorough research on work culture, wages, job market conditions, and cost of living.* Discuss the move with your family and plan every detail—don't rely on assumptions or outdated narratives.* Understand that this move is temporary and treat it as a career-growth opportunity rather than a permanent settlement plan.14. Closing Thoughts* Moving to the U.S. on an H1-B visa can be a valuable experience, but it requires careful planning and realistic expectations.* Many challenges can be avoided by understanding the financial, professional, and cultural aspects of the move.* The goal is to help you make an informed decision and avoid the struggles that many professionals have faced in recent years.That is all for this week. See you again.Do let me know in comments or reply me over email to share what is your view on this post. So, Share, Like, subscribe whatever these days' kids say :-)Stay Connected, Share Ideas, Spread Happiness. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit sridhargarikipati.substack.com
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, December 30, 2024. This is Nelson John, let's get started.Several major investors of Religare criticised a PIL that led the Madhya Pradesh High Court to indefinitely stay the company's upcoming annual general meeting. They argued that a takeover of Religare by the Burman family could concentrate ownership and harm minority shareholders. Nehal Chaliawala writes that one executive from a mutual fund said that holding an AGM is an independent matter, and unrelated to regulatory approvals. The AGM was scheduled for December 31. Key leadership issues, particularly those surrounding the chairperson Rashmi Saluja, were slated to be discussed. America's sought-after H-1B visa is doing the rounds after being brought in the limelight by Elon Musk. This visa is essential for hiring specialized foreign workers. Usually, skilled workers from India and China are first in line for such a visa. Shelley Singh writes that Musk's interest in hiring more workers via the H-1B is at loggerheads with President Donald Trump's conservative supporters, who want tighter immigration norms. However, the Indian IT sector is becoming less reliant on the H1-B as more American companies open offices in India.The government wants to cut red tape, and it wants to do it by next year's Union Budget. Gireesh Chandra Prasad reports that the government is identifying regulations that can be relaxed during the Budget to help revive a slowing economy. These rules will directly address concerns of "over regulation" in certain sectors, and will scale back these rules to help India Inc. flourish without having to worry about endless compliance norms. Gireesh identifies two major areas where a streamlined process could do wonders: land and labour laws.If your portfolio includes one of India's top five IT stocks, you probably had a mixed 2024. Revenue growth this past year slowed down, compared to the previous year. Jas Bardia and Varun Sood write that despite this, shares of TCS, Infosys, HCL, and Tech Mahindra performed better than expected. 2025 might bring heavier spending by these companies due to the US Federal Reserve's interest rate cuts. Increased revenues on the back of deflated base numbers would bode well for these IT stocks.It's hiring season for rural India. Devina Sengupta and Suneera Tandon write that India's consumer goods companies are ramping up hiring in rural markets. Rural markets outperformed their urban counterparts this year, leading to this move. There is a higher demand for roles such as van sales representatives, leading to this move. Notable firms like Godrej Consumer Products, Dabur, and ITC are expanding their workforce and introducing more economical options to try and push deeper into the hinterlands. Recruitment firms are reporting a 10-15% increase in hiring by fast-moving consumer goods companies in these areas.
More and more women are stepping into top leadership roles at Indian tech cos, primarily at Indian units of global tech firms. Recent high-profile appointments highlight a reversal of the long-standing narrative of gender disparity at the executive level. While global tech giants are making strides with Diversity, Equity, and Inclusion (DEI) initiatives, the question remains: are Indian IT firms keeping pace? How has the rise of GCCs contributed to this trend, and what do the workforce participation numbers reveal? Host Dia Rekhi talks to Munira Loliwala, VP of Growth and Strategy at TeamLease Digital and Harish Bijoor, Brand and Business Strategist as they unpack these questions and explore how the industry can close the gender gap at the highest levels.Tune in. Check out Dia’s other interesting episodes like: The Economics of Terror, Devious Genius: The “Digital Arrests” Scam Pt 1 & Pt 2, India's CCTV Crackdown, 'Apple' Ripe for Picking, Behind CCI’s Allegations Against Amazon, Flipkart, Can Hosur be a Jamshedpur Plus?, and more! You can follow Dia Rekhi on social media: Linkedin & Twitter Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.See omnystudio.com/listener for privacy information.
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, December 23, 2024. This is Nelson John, let's get started.Many investors have burnt their hands during the bull run of 2024. Take for example the Nifty India Defence Index, which saw a stunning 60% return this year. However, one of its main stocks is prone to volatility: Cochin Shipyard has dropped 30% in the past six months. Abhishek Mukherjee writes that sectors like pharmaceuticals and manufacturing have thrived due to post-COVID dynamics and strategic shifts, but many investors have fallen prey to herd behavior and overinflated narratives. Thus when experienced investors book their profits, sharp corrections occur — leading to widespread portfolio losses. Indians are borrowing more money against their gold, and the Reserve Bank of India is worried. Regular defaults are leading to increased collateral auctions to recover these loans. Anshika Kayastha writes that Muthoot Finance and Manappuram Finance reported significant auction amounts in recent quarters. This reflects a shift towards standardized auctioning policies in compliance with new regulations. The RBI has tightened its rules: there are now limits on cash disbursements for gold loans and requiring a review of lending practices. When companies apply for any incentive scheme by the central government, they are supposed to invest some money to receive further subsidies. However, about 12 companies will be excluded from the government's production-linked incentive scheme for failing to meet these norms. Manas Pimpalkhare and Rituraj Baruah report that these companies include state-owned Bharat Heavy Electricals or BHEL, and Kia Motors India. Kia had expressed intent to withdraw from the scheme as its manufacturing plans have not materialised. The PLI-Auto scheme had an estimated outlay of 26,000 crore rupees over five years, but only 500 crore has been claimed so far.After a long bout of lean hirings, the IT sector is looking better. Accenture's recent hiring of 49,000 employees globally over six months indicates a positive growth outlook moving forward. Jas Bardia writes that this would bode well for Indian IT companies like TCS, Infosys, and HCL Technologies as well. While growth for Indian IT companies has been slow, analysts suggest that recovery may be on the horizon. This recovery will be aided by a potential increase in demand following interest rate cuts and decision-making in the US under the upcoming Trump administrationEveryone in India's startup ecosystem is looking for the next big bet. Shelley Singh writes that deep tech might be it. This field is rooted in science and engineering and addresses major global challenges. It covers sectors such as space tech, biotech, and climate tech, and focuses on long-term goals. However, challenges such as the need for a supportive ecosystem involving academia, government, and investors remain abundant. Moreover, deep tech firms need strong intellectual property and scalable business models as well.
A version of this essay was published by firstpost.com at https://www.firstpost.com/opinion/shadow-warrior-comrade-kirillov-and-the-art-of-whistleblowing-13846569.html?utm_source=twitter&utm_medium=socialOne of the great Raja Rao's slighter works is called Comrade Kirillov: it is what Graham Greene would have called an ‘entertainment', as opposed to the ‘novels' he wrote on themes of some gravity. I was reminded of the title in an altogether inappropriate way when I read of the assassination of General Kirillov in Moscow, allegedly by Ukrainian secret agents.Then I read of the tragic suicide of Suchir Balaji, a whistleblower and former employee at OpenAI, surely the most glamorous company in Silicon Valley these days.There is a thread here: it is not good for your health if you expose certain people or certain companies. You will pay a price.You may just be minding your own business, but you happen to be in the way. This is what happened to Indian nuclear and space scientists over the last few decades. Homi Bhabha's plane crashed in the Swiss Alps. Vikram Sarabhai died mysteriously at Halcyon Castle, Trivandrum, close to the space center that now bears his name.Dozens of lesser-known Indian space and nuclear scientists and engineers died too, inexplicably. The same thing happened to Iranian nuclear scientists. Nambi Narayanan was lucky to escape with his life (“Who killed the ISRO's cryogenic engine?”), though his career and reputation were ruined.My friend Dewang Mehta of NASSCOM died quite suddenly too. I wrote a tribute to him years ago, “The man who knew marketing”. In hindsight, I think he was a friend, not just an acquaintance. I remember some very human details about him: eg. he asked a mutual friend to introduce eligible women to him, just as I did. But I digress: I believe Dewang was as important to the Indian IT story as Bhabha and Sarabhai to nuclear and space: they made us believe, and we rose to the occasion. Then there was Lal Bahadur Shastri. The circumstances of his sudden death remain murky.And Sunanda Pushkar, Shashi Tharoor's wife, whom I was following on Twitter in real time. One night, she promised to make some startling revelations the next morning, presumably about dubious dealings in Dubai by the D Company. And lo! she was dead the next morning.It is hard not to think that there is a pattern. Not only here, but in the trail of dead bodies that follows the Clinton dynasty around. The Obama chef who drowned. The whistleblowing CIA and FBI agents who… just died. The list is long. People who are inconvenient end up in body bags. I remember reading that when Sarabhai died, his family did not even ask for a post-mortem.There are two broad patterns: geo-political assassinations and those for commercial reasons.In Kirillov's case, it was probably both.General Kirillov claimed that there were bio-labs in Ukraine, etc. where the Deep State was cooking up banned biological weapons, in an eerie echo of Peter Daszcak's Ecohealth Alliance and Anthony Fauci's NIAID allegedly aiding and abetting prohibited gain-of-function research at the Wuhan Institute of Virology. He claimed biological crises were manufactured on demand to generate profits and increase government control. Presumably he opened a can of worms that the Deep State and Big Pharma didn't want opened. Off with his head!There is the ‘conspiracy theory' that the entire COVID-19 circus was a bioweapons project that went awry. It was intended to depopulate the world, especially of black and brown people, to which the IITD paper (that was forcibly withdrawn) alludes: the genes that seemed to have been inserted into the original virus were from India, Southeast Asia, and Kenya, if I remember right. Of course, the powers that be do not want shocking stuff like this to come out.It is straightforward to make it a false-flag operation with the Ukrainian SBU secret service to provide plausible deniability: much like the bombing of the NordStream pipeline. So exit, stage left, for Kirillov. As Sherlock Holmes might have said, “Follow the money”, or words to that effect. Cui bono?I really don't mean to trivialize human suffering, but to focus on the shadowy forces that organize and execute targeted assassinations. In particular, decapitation strikes can be devastating. In our own history, the loss of Hemachandra Vikramaditya in the Second Battle of Panipat, in 1526, to a stray arrow that hit him in the eye, was a point of inflexion.Similarly, at the Battle of Talikota in 1565, the capture and beheading of the aged Ramaraya by his own troops that had gone rogue turned the winning position of the Vijayanagar Empire into a headlong rout and obliteration for the city-state.The assassination of Ahmed Shah Masoud, the Commander of the Northern Alliance, with a bomb hidden in a news camera, turned the tide in Afghanistan in 2001. The American assassination of Qasem Soleimani of Iran in 2020 led to a significant erosion of Iran's position, for example in Syria.The silencing of whistle-blowers has, alas, become all too common. There were the allegations about Karen Silkwood in 1974, who died in a mysterious car crash as she was driving to meet a NYTimes reporter regarding problems at a plutonium processing plant run by Kerr-McGhee in Oklahoma.In 2003, David Kelly, a British weapons inspector who claimed there were indeed no weapons of mass destruction in Iraq, was found dead. The verdict was suicide.In 2015, Alberto Nisman, an Argentine prosecutor known for his work on terrorism cases, was found dead days after he accused Iran of involvement in a car-bombing on a Jewish center.In March 2024, John Barnett, a former Boeing employee, was found dead from a gunshot wound in his truck, just before he was scheduled to testify in a whistleblower lawsuit. There was also Joshua Dean, who died of a strange infection in May 2024, shortly after Barnett's death. He worked for a company supplying parts to Boeing.In November 2024, Suchir Balaji, all of 26 years old, was found dead in his San Francisco apartment. In October, he had made allegations about OpenAI violating copyright laws.The bottom line: if you know something, just keep quiet about it. If you are a person of substance, take no risks, and be paranoid about your security. It's a pretty nasty world out there.The AI-generated podcast about this essay courtesy Google NotebookLM: 1050 words, 19 Dec 2024 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit rajeevsrinivasan.substack.com/subscribe
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, November 11, 2024. This is Nelson John, let's get started. You know it's a bear run when even fund managers are worried about earnings. Nilesh Shah, the managing director of Kotak Mahindra Asset Management, discussed about earnings growth estimates for FY26 with Mint's Ram Sahgal. The current quarter is likely to benefit from higher government spending and seasonal sales, but earnings growth is projected to be only around 5%. This doesn't bode well for the markets, Shah said. The recent stimulus package by the Chinese government into its markets is another cause for worry. But he isn't entirely pessimistic: Shah said that despite recent selling by foreign investors, a rebound might be possible given the strong earnings growth of Indian companies over the past decade. Today, COP29 commences in Azerbaijan. The Conference of Parties has established itself as the premier event to discuss global warming. Sayantan Bera writes that key discussions will focus on a climate finance deal essential for supporting poor and emerging economies in transitioning to clean energy. These countries will require an estimated $2.4 trillion annually. India, the third-largest emitter, is expected to advocate for increased climate finance while balancing its energy needs, he adds. How will Donald Trump's victory impact your portfolio? In the west, the immediate aftermath of the results saw a spike in stocks on Nasdaq, as well as Bitcoin. However, Abhishek Mukherjee writes that this euphoria was short-lived. Investors began to assess the potential implications of Trump's policies on the economy and markets worldwide, including in India — leading to massive sell-offs. Despite some initial concerns, the Indian IT sector stands to gain from Trump's proposed economic measures. Tighter immigration policies, however, may hurt Indian companies and they might have to hire US citizens to ease that burden. The Reserve Bank of India doesn't want banks to dole out too many unsecured personal loans. This has spurned a surge in gold loans. September saw an increase of 51% in the disbursal of gold loans. Shayan Ghosh and Anshika Kayastha write that the outstanding gold loan base stands at ₹1.5 trillion. However, this is quite small in comparison to the personal gold loan base, which is a mammoth ₹14.3 trillion. Encouraged by a 16% increase in gold prices, borrowers are finding that a more attractive option over personal loans. There are concerns over this trend, and RBI might yet have something to say about the rapid increase in gold loans. Electric three wheelers are about to get expensive. The government announced that the annual cap for subsidies for three wheelers has nearly been reached, as sales have exceeded expectations so far this year. Alisha Sachdev writes that this will increase the prices of EV three wheelers by 15 to 18%. Major manufacturers including Mahindra Last Mile Mobility and Bajaj Auto have expressed concerns about the impact on demand. They told Alisha that a temporary sales slump would be dangerous for the adoption of EV three wheelers in India. They are also lobbying the government to create a more flexible incentive structure to accommodate the growth in demand.
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, November 7, 2024. This is Nelson John, let's get started. Donald Trump has won the US Presidential election once again, this time with substantial control over the US Senate. N. Madhavan analyses how Trump's policies are set to trigger economic and political turbulence at home and abroad. His aggressive trade stance—highlighted by proposed universal tariffs and the looming threat of a trade war with China—could destabilize the global trading landscape. On the political front, his plans for mass deportations risk deepening divisions within the US and straining national resources. Madhavan's in-depth piece explores Trump's potential policy moves and their far-reaching implications for India and the world. Following recent lows, Indian stock markets are expected to rebound in the wake of Trump's victory. Ram Sahgal notes that institutional investors may begin unwinding short positions, fuelling a rally that analysts predict could last about a week. However, much like Trump's unpredictable policies, the long-term impact of his presidency remains uncertain, with tariffs and inflation likely to be key influences. Rhik Kundu reports that India's trade dynamics with the US could face significant shifts under Trump's administration. With a trade surplus favouring India, Trump's "America First" agenda may lead to higher tariffs on Indian goods, posing challenges for the Indian economy. Key sectors like automobiles and pharmaceuticals are likely to feel the impact most acutely. Additionally, India's IT sector could be affected by potential changes to US visa policies, as Trump is expected to tighten H-1B regulations. A critical pressure point for the Indian economy remains the rupee's performance against the dollar. In the wake of Trump's victory, geopolitical uncertainty and trade tariff concerns, especially regarding China, have intensified. Shayan Ghosh notes that the rupee recently hit a record low of 84.28 against the dollar. To counter further depreciation, the Reserve Bank of India, backed by $684 billion in reserves, stands ready to intervene. Analysts suggest that the RBI's actions could stabilize the rupee, with projections indicating a possible recovery toward the 84 level following initial declines. Trump's victory is likely to bring significant implications for visas, especially for the millions of Indian IT professionals and students who move to the US each year. The H-1B visa, critical for many, remains a contentious point. Mansi Verma, Devina Sengupta, and Shouvik Das report that while immediate effects may be limited, the true impact will emerge in the coming years as Trump's policies fully take hold. With Australia and Canada also tightening visa issuance, restrictions in the US could sharply curtail emigration opportunities for Indians.
In our first How India™ podcast episode, host by Steve Davis talks to Jasmine Batra of Arrow Digital. Jasmine is the co-convener of the Technology Innovation and Startup National Industry Group, reflects on her first start-up, Employ India, launched in 1998. At a time when the internet was accessed through dial-up connections and search engines like Yahoo and AltaVista dominated, Jasmine, fresh out of her MBA, co-founded a job portal to connect Indian IT professionals with overseas opportunities. Despite the challenges of establishing trust in a nascent digital market, Employ India thrived with an innovative model where job seekers paid to be listed. The company quickly became cash-positive, receiving recognition as one of the top 10 job portals in India by the Economic Times. Jasmine transitioned into helping companies with digital marketing and visibility, founding Arrow Digital in 2007. With Google gaining prominence, she focused on growth marketing to ensure companies were seen online. Over the years, she has adapted to the evolving digital landscape, including the rise of platforms like YouTube and WhatsApp, which play key roles in India. Jasmine emphasises the diversity of India's market, explaining that each state has its own unique culture, language, and economic environment. This complexity requires companies to select the right launch location and adapt their strategies accordingly. She points out that while India can be price-sensitive, it also has an appetite for high-quality, premium products, as seen with luxury car sales. For companies entering the market, understanding cultural nuances and aligning marketing efforts with major festivals like Diwali is crucial. Now leading the National Industry Group, Jasmine assists start-ups in validating and commercialising in India. She stresses the importance of building relationships and leveraging chambers of commerce to navigate India's complex business landscape. Jasmine runs events, including pitch fests and delegations to India, to facilitate market entry for Australian companies. For those looking to explore opportunities in India, Jasmine advises reaching out through her website, jasminebatra.com, or the Australia India Chamber of Commerce. The National Industry Group offers support, market insights, and connections at both federal and state levels, helping companies better understand regional dynamics and establish a successful presence in the Indian market.See omnystudio.com/listener for privacy information.
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, October 3, 2024. My name is Nelson John. Let's get started. We might be on the verge of world war three, as Iran's recent airstrikes on Israel underscore Tehran's readiness to confront any perceived threat. Shweta Singh explains why the situation could escalate, and how the US is involved in the mess. Shweta also explains the implications of this development on India, including how it could affect trade, and helps you understand the complex geopolitical dynamics at play. In a move to slash legal costs, the Indian government is setting the stage for a new national litigation policy, targeting cases where government entities end up suing each other. With this step, the law ministry aims to curb the financial drain caused by such disputes, particularly among public sector undertakings, Dhirendra Kumar reports. The initiative targets disputes like tender disagreements between PSUs, which not only incur substantial legal costs but also burden the judiciary. With over 50 million pending cases nationwide, such disputes exacerbate the backlog and strain on the legal system. The policy aims to streamline processes and reduce unnecessary legal confrontations. If you qualify as ultra-rich, chances are you're tired of five-star hotels. Varuni Khosla writes that super-rich travellers are increasingly drawn to boutique resorts, which offer an intimate and luxurious experience accompanied by meals by high-profile chefs. These resorts are typically in remote locations and cater to the demand for unique and personalised vacations. Affluent millennials are spending more than 25,000 rupees a night to stay at such resorts. Google's in a bit of a spot in India. The tech giant has decided to settle an antitrust case after the Competition Commission of India flagged its deals with smart TV makers as a no-go under the competition laws. This is a big deal because it's the first time a company is testing India's new settlement process, writes Gireesh Chandra Prasad. Introduced last year, the process could get Google a 15% reduction on the penalty. The CCI initiated the probe in 2021, based on allegations that Google violated competition laws in the Android TV market, specifically through its restrictive agreements with smart TV manufacturers. These agreements allegedly limited the manufacturers' ability to use or develop alternative Android systems.Indian IT services are gearing up for their September quarter results, with Infosys expected to lead in revenue growth among the top five firms. Analyst forecasts suggest Infosys could achieve revenue growth exceeding 3%, driven by the ramp-up of previously secured deals and the integration of the newly acquired In-tech, Jas Bardia reports. TCS is also expected to grow, though at a more modest 1.5% to 2.4%, supported by its substantial 4G network deployment deal with BSNL. As for the others, HCL Technologies could see growth of up to 1.9%, while Wipro's projections indicate a slight increase or even a minor decline in revenue. TCS will release its results on the 10th, followed by other major firms. Show notes: Mint Primer | Iran strikes Israel: What next?Government's new litigation policy to target costly PSU disputesBoutique resorts with celebrity chefs: For the uber-rich bored with luxury staysGoogle offers to settle anti-trust case in smart TV probeInfosys to lead Indian IT pack this festive season
FOLLOW UP: GHOSN ORDERED TO RETURN YATCH Carlos Ghosn has lost his appeal over the ruling that he must return his luxury yacht and repay approximately $32 million, to Nissan. This could prove tricky as he is in Lebanon and due to geopolitical issues, it may be tricky to send someone to go pick it up. To learn more, click this article link from The Autopian. JLR INVESTS £500M IN HALEWOOD PLANTIn order to build hybrid vehicles and prepare for their electric future, JLR are updating the Halewood plant to the tune of £500 million. They will also be able to build combustion engined vehicles at the same facility. Click this article link to The Guardian. NISSAN BUYS MORE SHARES BACK FROM RENAULTNissan is buying another 5% of shares back from Renault as the Rebel Alliance continues to dissolve. Estimated to be worth around $551 million which will help Renault's finances. If you wish to learn more, click this article link from Automotive News Europe. UK GOVERNMENT HAS NO PLANS FOR PAY-PER-MILE CHARGE YETIn a surprise move, the UK Government has confirmed that it will not be announcing a pay-per-mile charging scheme, which many expected as a replacement for fuel duty and VED. That is not to say it isn't going to happen at some stage. Click here to read more from Top Gear. KIA DEALER PORTAL VULNERABILITY FOUNDSecurity researchers found a flaw in the Kia dealer portal which allowed them to take remote control of vehicles, find their location, examine details of customers and more using only the license plate information. This was reported to Kia who have fixed the issue and confirm no one maliciously accessed their systems via this method. To read more on this, click here for the Bleeping Computer article. LUXURY VEHICLES STILL GETTING TO RUSSIASky News has followed up an earlier investigation and found that luxury vehicles, including those from British manufacturers, are finding their way to Russian customers via other countries. We are not sure what the car brands can do to prevent this, as it is not from them directly. If you want to see what is going on, click this link here to read more. POLESTAR ANNOUNCE INFOSYS AS SOFTWARE PARTNERPolestar is going to partner up with Infosys, the Indian IT giant, for their infotainment, driver assistance and connected services software. We REALLY hope Polestar has the people to check and tripple check the software that is produced. We are not confident this will be a good move. You can read more by clicking this article link from The Register. If you like what we do, on this show, and think it is worth a £1.00, please consider supporting us via Patreon. Here is the link to that
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, September 30, 2024. My name is Nelson John. Let's get started.WhatsApp groups are full of people pretending to be legitimate advisors offering stock market advice. These groups promise unrealistic returns and insider information, and have caught the attention of market regulators. Stockbrokers are also raising alarms to such practices. The scams have not only duped investors, but also posed significant reputation risks to the impersonated firms. Dipti Sharma, Neha Joshi, and Shayan Ghosh bring you the details of how the authorities are fighting back to regain the public's trust.The subsidies provided by the Indian government keep dwindling. Now, the focus has shifted towards incentivising players to set up their manufacturing facilities in India. Alisha Sachdev reports that from next April, manufacturers will be required to locally source even the smallest components, otherwise known as child parts. The new phased manufacturing plan also outlines detailed processes for each component to ensure that key steps are performed domestically.Accenture's recent earnings report has sparked optimism within the 260 billion dollar Indian IT sector. Accenture has forecasted a better financial year moving head, especially in the Generative AI-related space. Shelley Singh writes that the Indian IT sector is using Accenture's report as a bellwether and hoping for better revenues moving forward. In particular, there are hopes that banking and the financial sector at large are likely to also spend more towards IT.In November 2010, then-Gujarat Chief Minister Narendra Modi visited Chennai to invite Tamil Nadu textile entrepreneurs to set up spinning units in Gujarat. In a state where cotton was plentiful, and power was reliable, this invitation meant big savings on transport and energy. Despite his compelling argument, Tamil Nadu's textile industry, with its robust workforce and deep-rooted infrastructure, chose to stay put. Over a decade later, the textile industry in Tamil Nadu faces even greater challenges, from heavy reliance on migrant labour to increased operational costs. N Madhavan examines how this has prompted some units to consider relocation to states like Madhya Pradesh and Odisha for better proximity to labour and lower wages. Despite Tamil Nadu resolving its power issues, the textile sector's future in the state remains uncertain due to these compounded challenges.IBM and Accenture are making significant strides in the generative AI sector. IBM has reported over $2 billion in GenAI bookings and sales, with Accenture close behind at $3 billion for the fiscal year. Both companies attribute much of their success to their robust consulting services, a strategy not fully embraced by India's top IT firms like Tata Consultancy Services, Infosys, and HCL Technologies, which do not report their AI or consulting revenues separately. This approach isn't just about leveraging AI technology; it's integral to their business development strategies. Jas Bardia reports on how both firms are proactive in integrating AI into their client engagement processes, often starting with proof of concepts at early sales stages. Stockbrokers raise alarm against fake WhatsApp groupsIndia's local sourcing rules for EV subsidies to tighten Will Accenture's gain have a ripple effect on Indian IT? Why texpreneurs are unable to capitalize on the shift from China & BangladeshLessons for Indian IT services firms as Accenture, IBM lead GenAI charge
Smita Joshi presents, "The Weapon of Yoga" Transformation Coach, Yoga Teacher, Author and Speaker Get ready to be inspired by Smita Joshi, an award-winning author, certified yoga teacher, and transformational coach who has dedicated her life to helping others discover their true potential. Smita is the brilliant mind behind the Amazon bestseller, "Karma and Diamonds" trilogy, a captivating series inspired by the real-life events that shaped her journey. With over 25 years of international business experience, she has worked with both tech giants and startups and was one of the pioneers in bringing Indian IT services to the UK and Europe, working with the CXOs of large corporations and global banks, her largest deal being $1billion. As a TV presenter and the creator of "The Self Discovery Channel" on YouTube, Smita has interviewed some of the world's most influential leaders, entrepreneurs, and spiritual gurus. Her videos on self-discovery, personal development, and spiritual intelligence have touched countless lives. With over 30 guided meditations to her name, Smita is a beacon of light in the world of personal growth. Today, Smita is here to share with us the powerful art of yoga, not just as a physical practice, but as a martial arts weapon that can transform the mind, emotions, and spirit. Prepare to be enlightened, empowered, and forever changed as Smita Joshi takes the stage at MMP Talks, where her wisdom will ignite the spark of transformation within each of us. Let's give a warm welcome to the extraordinary Smita Joshi. ========== Martial Mind Power Talks - Martial Mindset for Everyday Life.Spreading Self Mastery Inspired By Martial Arts. MMP TALKS is a non-profit social enterprise devoted to spreading self-mastery teachings inspired by martial art & philosophy combined with self-help to raise the consciousness of the self, collective, and Mother Earth to make the world a better place to live in. At the MMP TALKS inspired thought leaders, authorities, and masters in our community will share a compelling talk (up to 20 minutes) about their key life message inspired through the hidden secrets and power. Main site - http://www.martialmindpower.com MMP Talks - https://talks.martialmindpower.com/
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Wednesday, 21 August 2024. My name is Nelson John. Let's get started. The Indian stock market saw solid buying on Tuesday, with key indices, the Sensex and the Nifty, closing up by half a per cent, driven by mostly positive global cues. The World Health Organization has sounded the alarm on Mpox, tagging it as a global health emergency. Originally identified in the tropical rainforests of Africa, this virus, which we used to call monkeypox, was detected in humans back in 1970 in the Democratic Republic of Congo. Mint's Priyanka Sharma explains that the disease manifests symptoms similar to smallpox, such as skin lesions and flu-like symptoms, and spreads through close contact, making prolonged interactions, especially of a sexual nature, high-risk scenarios. In terms of preparation, India is on alert, with enhanced surveillance at international borders and readiness in specific healthcare facilities to manage potential cases. Despite this, the situation calls for heightened vigilance and public awareness, especially among high-risk groups including newborns, pregnant women, and individuals with compromised immune systems. The recent turmoil in Bangladesh has put thousands of Indian students in a tough spot, stirring anxieties about their safety and academic futures. Over 19,000 Indians, including 9,000 students, are currently stranded amidst escalating violence, with many worrying about lost academic years and severed communications due to frequent internet shutdowns. This situation echoes students' plight during Russia's invasion of Ukraine. Due to lower fees than that charged by Indian private colleges, Bangladesh was fast becoming a popular educational destination for Indian students, writes Sanghamitra Kar. As of now, violence continues to unsettle Bangladesh, leaving Indian students uncertain if they'll return to their chosen universities. India's smartphone exports really took off last year, hitting over $15 billion, thanks in part to Apple ramping up production here. Each month in early 2024, we were shipping out smartphones worth about $1.6 billion! While that's impressive, it's worth noting that India is still playing catch-up to manufacturing behemoths like China. This increase is largely attributed to the government's production-linked incentive scheme initiated in 2020. Mint's partners at HowIndiaLives.com write about how, despite this growth, India remains primarily an assembly hub rather than a full-fledged manufacturing giant like China, heavily importing the components required to build smartphones. Businesses are upgrading their old PCs due to the end of support for Windows 10 and growing AI demands, leading to a significant increase in PC sales across India. The latest data from the International Data Corporation shows a nearly 4 per cent rise in commercial PC sales in the June quarter, the largest increase since 2022, driven by India's IT sector gearing up for a revival. Notably, Apple reported a 65 per cent increase in enterprise Mac sales in the same period, with overall PC shipments in India up 7 per cent year-on-year to 3.39 million units. Mint's Shouvik Das reports on the rising demand for computers boosted by the $265 billion Indian IT industry. IndiGo has decided to go fancy and introduce a business class in its Airbus 321 planes. This is exciting news for anyone following their journey from a low-cost carrier to now eyeing those premium seats. This isn't just about more legroom and comfy seats—it's about capturing a slice of the lucrative business traveller market. Why the shift, you might wonder? Mint's Mihir Mishra and Anu Sharma might have the answer. IndiGo is looking to beef up its earnings per seat rather than just packing more people in. They're setting the stage for bigger things, like flying longer international routes with their upcoming Airbus models. This strategic shift could really shake things up, making IndiGo a go-to for not just budget travellers but also for a crowd that wouldn't mind a bit more pampering on their travels. Show notes:Mint Primer: Should India be worried about Mpox?Out of Bangladesh fire, Indian students find themselves in the frying panWhat's behind India's surging smartphone exports?Tech employers look for new laptops after two-year lullClass war: IndiGo shows Air India it means business
On Episode 363 of The Core Report, financial journalist Govindraj Ethiraj talks to Manish Gupta, senior director and deputy chief ratings officer at CRISIL Ratings.SHOW NOTES(00:00) The Take: Borrowing to Invest(05:09) Markets fall on weak signals(07:32) Red Sea crisis leads to 64% jump in global cargo ships fuelling in India.(10:07) Fitch Ratings says lower attrition, slow wage growth is helping Indian IT companies maintain profitability(11:57) Thermal power production has fallen for the first time in India.Register for The Core Meet Up!!Listeners! We await your feedback....For sponsorships and brand studio engagements, contact shiva@thecore.inFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
In this episode of Market Minutes, Lovisha Darad talks about key events that investors will eye on June 21. After Accenture lowers its revenue guidance for FY24, will it impact Indian IT stocks in trade? The primary markets are once again buzzing with Stanley Lifestyles opening its public issue today, joining DEE Development and Akme Fintrade. Also, catch market expert Sanchita Mukherjee on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
Kantar BrandZ Insights from Brand Builders 2024: A conversation with Sumit Virmani, Chief Marketing Officer, InfosysAs part of the 2024 launch of the worlds most valuable brands, Martin Guerrieria, Head of Kantar BrandZ, talks with Sumit Virmani, Chief Marketing Officer, Infosys about the increasing importance of brand in driving growth.Sumit Virmani joined Infosys in 2004, and has held multiple strategic positions across product, platform, and corporate marketing before becoming the Indian IT services giant's Chief Marketing Officer. Prior to joining Infosys, Virmani worked with Polaris Software and the Tata Group. In 2023, he was named by Forbes Magazine as one of the world's most influential CMOs.Find out more: www.kantar.com/brandz Hosted on Acast. See acast.com/privacy for more information.
On Episode 275 of The Core Report, financial journalist Govindraj Ethiraj, talks to Siddharth Pai, a technology research consultant and Founder & Managing Partner at Siana Capital (a venture firm) as well as economic journalist and author Puja Mehra.SHOW NOTES(00:00) Stories Of The Day(01:00) Markets And Oil Recover From Middle East Tensions, All Eyes On Earnings(07:07) Insurance Companies Will Now Offer Health Coverage For Pre-Existing Conditions Like Cancer As Well, Age Limit Of 65 Years Removed(08:41) What Exactly Is Going On With Elon Musk's India Investment(13:10) Indian IT's Falling Headcounts. What They Really Mean And Why The Prognosis Is Grim(25:50) Why A Policy To Offer Free Bus Rides To Women May Not Have The Desired EffectSubscribe to How India's Economy Works with Puja MehraFor more of our coverage check out thecore.in--Support the Core Report--Join and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
The latest Forbes India issue highlights some significant philanthropists and how the Indian IT and technology industry is at the forefront of giving. In this podcast, Divya Shekhar dissects how they choose the causes to support and why they back underfunded causes with patient capital
Vineet Nayar, former CEO of HCLTech, is the founder & chairman of Sampark Foundation. In a recent article for Business Today, Nayar said that generative AI and cybersecurity are creating wealth for the Indian IT economy. In this episode, host Paul John Spaulding is joined by Steve Morgan, Founder of Cybersecurity Ventures and Editor-in-Chief at Cybercrime Magazine, to discuss. The Cybercrime Magazine Update airs weekly and covers the latest news, interviews, podcasts, reports, videos, and special productions from Cybercrime Magazine, published by Cybersecurity Ventures. For more on cybersecurity, visit us at https://cybersecurityventures.com
On today's episode, financial journalist Govindraj Ethiraj talks to Rahul Jain, VP at Dolat Capital and IT company analyst as well as Dr Ajay Sahai, Director General of the Federation of Indian Export Organisations.SHOW NOTES(00:00) Stories Of The Day(02:30) More oil supplies balance out pressure on oil prices from Red Sea tensions(03:47) Indian IT results come in weak, non-event say analysts(12:20) RBI says position against crypto unchanged, regardless of other country moves (14:39) India's FDI is falling, despite announcements to the contrary(16:49) Indian exporters' woes stare at double whammy this year, commodities could be worst hitFor more of our coverage check out thecore.in--Support the Core Report--Head to www.indiaenergyweek.comJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Recent weeks have seen the Indian IT services industry raking up no-poach clauses when it came to senior employee exits. Legal claims have been made. What explains this sort of reaction? Are these clauses even legally enforceable?
Mirroring global trend, the Indian IT industry showed muted growth in 2023. The slowdown -- that set in somewhere in the midst of 2022 -- continues to haunt the sector. Offshores deals are being called off, and hiring has shrunk for the first time in the last 25 years. But experts see some silver linings as the global economy is recovering. So will Indian IT continue to face deal ramp downs in 2024? Over-the-top platforms, meanwhile, continued to entertain viewers in 2023. An SBI report in August last year said that OTT platforms would soon dethrone multiplexes as India's go-to entertainment option. So what is in the store for OTTs this year? And it's not just OTT media services, the march of Indian equities too continued last year. They gave stellar returns of up to 20% in 2023. And most of these gains came in November and December itself. This fast paced rally has also sent the India VIX or volatility index to multi month highs during this time. The rising gauge means markets expect high volatility ahead. So are equities ripe for a correction in the new month? Like the financial markets, India's space sector too has been scaling new heights. ISRO rang in the new year by launching the XPoSat mission. The aim is to study black holes and neutron stars. Listen to this episode of the podcast for more about this interesting project.
In this episode of Market Minutes, Lovisha Darad discusses about key factors that will guide market direction on December 20. With the positive global set-up, will Indian markets extend their bullish run on Wednesday? How will Accenture's muted Q2 revenue forecast impact Indian IT stocks that saw some respite post Federal Reserve's dovish outlook for 2024? Also, catch Tanvi Kanchan of Anand Rathi Shares and Stock Brokers on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
Ravi Venkatesan is the Chairman of The Global Energy Alliance for People and Planet (GEAPP) launched at COP26 with USD10 billion of committed capital to accelerate investment in green energy transitions and renewable energy solutions. Listen in as Venkatesan speaks to Financial Journalist Govindraj Ethiraj about the dire need to create manufacturing jobs in India. What happens as Indian IT companies cut back, not recruiting at the same intensity as they did earlier? Find out this and more only in this weekend edition of the core report. Ravi is also UNICEF's Special Representative for Young People and Innovation and the Founder of the Global Alliance for Mass Entrepreneurship (GAME). He serves on the Boards of Rockefeller Foundation, Hitachi Ltd.Ravi was the Chairman of Microsoft India, Bank of Baroda and Cummins India and served as a co-chairman of Infosys Ltd. He is an Alum of IIT Bombay and Harvard Business School. Ravi is the author of ‘What The Heck Do I Do With My Life: How To Flourish in Our Turbulent Times' and Conquering the Chaos: Win in India, Win Everywhere. He was voted as one of India's best management thinkers by Thinkers50 and as Microsoft's Alumni Hero 2020.For more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
On today's episode, financial journalist Govindraj Ethiraj talks to Captain Jimmy Sarbh, former Regional Director, South Asia and the Middle East at P&O Ports (and considered a pioneer in private port operations in India and in the region) as well as Vinod Karki, Equity Strategist with ICICI Securities.SHOW NOTES[00:00] Stories Of The Day[01:00] Fear and volatility hit global markets, oil below $89 a barrel.[03:37] Uday Kotak's junior from Sydenham College takes charge as Kotak Bank CEO[07:26] Hindustan Unilever has Nineteen Rs 1,000 crore brands now[08:56] Indian IT professionals drive much discretionary spending in India. With a downturn, could that change? With Vinod Karki, ICIC Securities[18:28] Major activity in new port and concessions signed across India's west coast. What is it adding upto? With Captain Jimmy Sarbh, Former CEO DP World[28:08] No Go To Cyrpto, says RBI GovernorFor more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
Is it time for the Olympics torch to be relayed to India? Prime Minister Narendra Modi believes so. He has confirmed that India will bid to host the 2036 Olympics. But is it feasible to host the mega sporting event in India given the economic pressures the host nations have historically faced? Bidding for Olympics is yet another sign that India is positioning itself for a greater role. Moving on, the IT industry -- which is one of the key drivers of its growth and rising aspirations -- is declaring Q2 results. Most major companies have come out with their earnings, while the rest will announce it by the end of October. In today's special segment, let's decode the second quarter results of the major Indian IT companies. Stocks of key IT firms are not doing well for some time now. And the Q2 results failed to boost confidence considerably. Meanwhile, HDFC Bank has become the latest meme stock as it has consistently underperformed the markets over the past 1 year. However, a read through of the lender Q2-FY24 results, first after its merger with HDFC Ltd, has given confidence to analysts that the worst may be over. But, does a positive fundamental view mean a good run at the bourses? Will HDFC Bank finally start performing? After the markets, let us shift our gaze to political corridors. The Election Commission has announced polling dates for five states. And with it, model code of conduct has come into force. But what is it? Listen to this episode of the podcast for answers.
On today's episode, financial journalist Govindraj Ethiraj talks to Jehangir B Gai, well known consumer rights activist and lawyer as well as Ayaz Memon, renowned cricket and sports writer as well as commentator.SHOW NOTES[00:00] Stories Of The Day[00:50] Goldman Sachs takes a pause on Indian stocks even as markets rise on falling oil prices.[04:14] Indian IT companies are facing a washout year, says JP Morgan after last week's broad bullishness.[05:43] More Indians are taking health insurance companies to court and winning.[14:13] Its the World Cup and its worth over $2.5 billion!For more of our coverage check out thecore.inJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube
On today's episode, financial journalist Govindraj Ethiraj talks to Aditi Nayar, Chief Economist at rating agency ICRA as well as Vivek Rathi, Director of Research at Knight Frank. SHOW NOTES[01:00] India's first quarter GDP is at 7.8%, below most forecasts.[08:49] An investigative journalism report points more fingers at Adani shareholding.[14:21] Mumbai sees record property sales in August, as prices set to rise further[21:46] Why is Indian IT sounding despondent while global banks are stepping up spending. An excerpt of The Core Report Weekend EditionFor more of our coverage check out thecore.inSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube | Telegram
What if paradigm shifts could be your personal catalyst for growth and transformation? Would you dare to embrace them? In a stimulating conversation with international best-selling author, Smita Joshi, we traverse the terrain of paradigm shifts and personal transformation, examining how these elements intersect with trust, vision, and overcoming trauma.Smita weaves personal narratives and professional insights from her experience of integrating Indian IT into the mainstream UK market. We share the concept of life's nudges, both gentle and drastic, and how these push us to evolve. Equipped with strategies on transcending past limitations and shifting paradigms, we venture into the territory of overcoming individual fears and traumas. The need to trust, to feel excited about visions not yet realized, and to recognize our own blind spots forms the backbone of our discussion.In the final segment of our talk, my co-host, Smita, and I examine the art of designing life to bring out the best within us. We delve into the realm of mindfulness, moving beyond conditioned dialogues, and create a vision that propels us towards our higher possibilities. Tune in for an enlightening journey, armed with tangible lessons on personal growth and self-transformation. Together, we find out how to navigate life's paths with more joy, freedom, and abandon, and avoid getting caught up in life's drama. Embark on this journey with us and chart your own path to personal growth and transformation.You can see more of her content on YouTube at https://www.youtube.com/@smitajoshior on her website at https://www.smitajoshi.comSupport the showTo learn more about my 12-week plan to Balance the 5 Pillars of Wellness message me or sign up for a free consult at the Calendly link below. You can sign up directly at my Calendly link here: https://calendly.com/toddtalksllc/initialconsult You can reach me anytime at email: tandrewsen.monat@gmail.comInstagram @toddtalks_igMerchandise store -https://www.liveyouradventure.netShopify Store: https://toddtalksllc.myshopify.com/Merchandise available based on these talks!
Dr. Umar Saif comes back on The Pakistan Experience to discuss the Start-up Space in India and Pakistan, on this deep dive podcast we discuss what a Billion Dollar Start up Idea looks like, how Agritech can revolutionize Pakistan, what makes Start-ups investable, what are some red flags for investors, the history of Pakistani politics, and how the Indian IT industry grew. Umar Saif is a Pakistani computer scientist and academic. He is the founder and CEO of aiSight.ai, Chief Digital Officer of the Jang Group and CEO of Khudi Ventures. He is also serving as an advisor to the United Nations Development Programme in Pakistan. The Pakistan Experience is an independently produced podcast looking to tell stories about Pakistan through conversations. Please consider supporting us on Patreon: https://www.patreon.com/thepakistanexperience To support the channel: Jazzcash/Easypaisa - 0325 -2982912 Patreon.com/thepakistanexperience And Please stay in touch: https://twitter.com/ThePakistanExp1 https://www.facebook.com/thepakistanexperience https://instagram.com/thepakistanexpeperience The podcast is hosted by comedian and writer, Shehzad Ghias Shaikh. Shehzad is a Fulbright scholar with a Masters in Theatre from Brooklyn College. He is also one of the foremost Stand-up comedians in Pakistan and frequently writes for numerous publications. Instagram.com/shehzadghiasshaikh Facebook.com/Shehzadghias/ Twitter.com/shehzad89 Chapters: 0:00 Introduction 1:00 Umar Saif coming on The Pakistan Experience 4:00 Why there is no Start up Boom in Pakistan 8:00 How the Indian IT Industry grew 10:30 Skills and IT Training and Capacity Building 18:30 Using Technology and IT in Agriculture 32:00 Dil ka Rishta 33:30 Government helping small farmers and farmer cooperatives 37:00 History of Pakistani Politics 47:00 Skype and Estonia 50:30 How to bring a digital revolution in Pakistan and Start up Waves 57:00 What makes Start ups uninvestable 1:08:00 What is stopping an IT Revolution in Pakistan 1:12:30 Incentive for Government to invest in E-Commerce 1:14:00 Fund of Funds 1:17:00 Start up Valuations 1:19:00 What does a Billion Dollar look like? 1:21:40 Start up Red Flags 1:28:00 Audience Questions
The Dow records its longest winning streak since 2017 but the Nasdaq slumps to its worst day in 4 months. German software giant SAP misses Q2 expectations and slashes revenue guidance for its cloud unit but CEO Christian Klein tells CNBC that cloud remains its key growth driver despite waning demand. Indian IT firm, Infosys, sees shares tumble after it cuts its outlook in half due to inflation pressures and a pullback in discretionary spending. The Conservatives win a by-election in Boris Johnson's former constituency but lose a seat to Labour in what was the largest swing for the party since 1997. And we are live in Madrid where Spanish Prime Minister Pedro Sanchez's snap election gamble comes to a head this Sunday. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Satyam scandal sent shockwaves through the industry, revealing a web of deceit within the renowned Indian IT services company that ultimately led to its collapse in 2009. By understanding the details shared in this case study, you will be better equipped in your role to safeguard your business against similar fraudulent practices. Listen in as Jason Campbell and Craig Jeffery discuss key takeaways from this scandal.
India's weather forecaster has cautioned people against visiting hill stations. From Himachal Pradesh to Uttarakhand, rains have brought several cities to a standstill, and turned their hills and roads treacherous. The situation is no different in the cities of northern plains. Parts of Delhi are submerged under Yamuna water. But is it nature which is wreaking this havoc? Or are we also responsible? And did Centre's Amrut scheme - which was launched about eight years ago to improve civic amenities in 500 cities - achieve its goal? Meanwhile, it's raining bad news for the online gaming industry in India. Last week, the GST council announced a decision to levy 28% GST on full face value of online gaming, leaving the sunrise sector in a shock. And now, revenue secretary Sanjay Malhotra has said that TCS can be imposed on the payment service providers for online gaming. So is online gaming headed for another shock? Experts believe that 28% GST will have an “irreversible impact” on $2.5 billion worth of investments in the gaming industry. Moving on to markets, the June quarter earnings of Indian IT majors were muted in line with the lowered expectations. However, healthy deal wins despite the overall macro weakness lifted the IT shares. So, has the Street already factored in the likely weakness and will the shares extend the recent strength? Key benchmark indices and stocks of online gaming firms moved in opposite directions late last week. While markets touched a new high, the shares of most gaming firms crashed after the GST council levied a 28% tax on the face value of online gaming. This move caught the gaming industry off the guard. It had appealed to the Centre to levy the tax on gross gaming revenue, and not on the face value or the total value. But what is gross gaming revenue? Listen to this episode of the podcast for answers.
The rise of the Indian information technology industry is a remarkable economic success story. Software and services exports from India amounted to less than $100 million in 1990, and today come close to $100 billion. But, as Dinesh Sharma explains in The Outsourcer, Indian IT's success has a long prehistory; it did not begin with software support, or with American firms' eager recruitment of cheap and plentiful programming labor, or with India's economic liberalization of the 1990s. The foundations of India's IT revolution were laid long ago, even before the country's independence from British rule in 1947, as leading Indian scientists established research institutes that became centers for the development of computer science and technology. The “miracle” of Indian IT is actually a story about the long work of converting skills and knowledge into capital and wealth. With The Outsourcer, Sharma offers the first comprehensive history of the forces that drove India's IT success. Sharma describes India's early development of computer technology, part of the country's efforts to achieve national self-sufficiency, and shows that excessive state control stifled IT industry growth before economic policy changed in 1991. He traces the rise and fall (and return) of IBM in India and the emergence of pioneering indigenous hardware and software firms. He describes the satellite communication links and state-sponsored, tax-free technology parks that made software-related outsourcing by foreign firms viable, and the tsunami of outsourcing operations at the beginning of the new millennium. It is the convergence of many factors, from the tradition of technical education to the rise of entrepreneurship to advances in communication technology, that have made the spectacular growth of India's IT industry possible. Dinesh C. Sharma is a journalist and author with thirty years of experience reporting on science, technology, and innovation. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
The rise of the Indian information technology industry is a remarkable economic success story. Software and services exports from India amounted to less than $100 million in 1990, and today come close to $100 billion. But, as Dinesh Sharma explains in The Outsourcer, Indian IT's success has a long prehistory; it did not begin with software support, or with American firms' eager recruitment of cheap and plentiful programming labor, or with India's economic liberalization of the 1990s. The foundations of India's IT revolution were laid long ago, even before the country's independence from British rule in 1947, as leading Indian scientists established research institutes that became centers for the development of computer science and technology. The “miracle” of Indian IT is actually a story about the long work of converting skills and knowledge into capital and wealth. With The Outsourcer, Sharma offers the first comprehensive history of the forces that drove India's IT success. Sharma describes India's early development of computer technology, part of the country's efforts to achieve national self-sufficiency, and shows that excessive state control stifled IT industry growth before economic policy changed in 1991. He traces the rise and fall (and return) of IBM in India and the emergence of pioneering indigenous hardware and software firms. He describes the satellite communication links and state-sponsored, tax-free technology parks that made software-related outsourcing by foreign firms viable, and the tsunami of outsourcing operations at the beginning of the new millennium. It is the convergence of many factors, from the tradition of technical education to the rise of entrepreneurship to advances in communication technology, that have made the spectacular growth of India's IT industry possible. Dinesh C. Sharma is a journalist and author with thirty years of experience reporting on science, technology, and innovation. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/south-asian-studies
Low code and no code tools are finding their place in enterprises. In this episode, I talk to Jinen Dedhia, co-founder of DronaHQ about how CIOs and CTOs should go about using LCNC tools in their enterprises, success stories of such usage, and much more.What you'll listen (00:00) - Welcome (00:45) - Starting with DronaHQ (02:20) - Where DronaHQ fits in the spectrum of LC tools? (06:23) - Success stories (10:10) - Why enterprises choose LCNC tools? (12:45) - Factors to consider to choose LCNC tool (18:12) - Compliances for enterprise applications (19:19) - Self-hosted vs Cloud-hosted (20:48) - Pricing model of DronaHQ (22:28) - Mistakes to avoid (24:28) - LCNC tools align to growth of company (25:44) - Impact of LCNC on Indian IT industry (27:48) - ChatGPT and DronaHQ (28:53) - Future of DronaHQ (30:26) - Kindest thing anyone has done for Jinen (31:12) - Best leadership quality (32:28) - Definition of living a good life Connect with me Twitter: https://twitter.com/jjude LinkedIn: https://www.linkedin.com/in/jjude/ Website: https://jjude.com/ Newsletter: https://jjude.com/subscribe Youtube: https://youtube.com/gravitaswins Email: podcast@jjude.com Executive Coaching Program: https://gravitaswins.com Your feedback countsThank you for listening. If you enjoy the podcast, would you please leave a short review on Apple podcast or on YouTube? It takes less than 60 seconds, and it really makes a difference in finding this podcast. And it boosts my spirits.
In the latest episode, host Rachel Loxton is joined by journalists Imogen Goodman and Aaron Burnett, as well as political scientist Florian Hartleb and professor of sports management at the German Sport University in Cologne Sebastian Uhrich. We start by talking about how communities in Germany are supporting victims after the devastating earthquakes in Turkey and Syria. Turkish community in Germany gathers to help earthquake victimsWe then talk about why Berlin is having to repeat elections from 2021, what the polls are saying and who's responsible for the chaos. How the German government will be tested in 2023 by four electionsEXPLAINED: Why Berlin could vote again after 2021 election disasterGermany is adapting its immigration and citizenship laws to attract more skilled workers from abroad - but what's the impact of foreign workers in so-called STEM (science, technology, engineering and maths) fields been in the last years? We talk about which countries people have been arriving from, and the growing Indian population in Germany. Germany sees '550 percent increase' in Indian IT workers over a decadeIndians in Germany: Who are they and where do they live?The far-right party Alternative for Germany (AfD) was founded 10 years ago this week. We discuss why the party is controversial, who votes for them, and political scientist Florian Hartleb talks about the impact the party has had on politics and German society. The Super Bowl is coming up in the States this weekend, but the NFL also has its eyes on growing its American football fanbase in Germany. We talk about where people can watch the Super Bowl in Germany, and professor of sports management Sebastian Uhrich talks about how popular American football is in the Bundesrepublik. Where to watch the Super Bowl in GermanyFinally, we share a few German words or phrases associated with Valentine's Day. 8 phrases you need for getting romantic in GermanGerman phrase of the day: Hab' dich lieb Hosted on Acast. See acast.com/privacy for more information.
Fresh out of quarantine (quite literally) Rohit joins us again live in the studio as Kush taps out. We hear about Ro's past week in isolation, hearing about bizarre youtube tangents and early onset cabin fever. Not only is this man covid-free, he is also now mullet-free and begins to describe the world's worst haircut. Following last week's “Mind Your Manners,” Mig's has another similar moral dilemma for the boys to ponder. “Going Camping,” is back this week, with Ro a first time player. The last time this was played the boys were terrible at it and now throwing Ro into the mix is a recipe for even more disaster. Finally this week we take a moment to recognise the hard work that is being put in by a small subset of our Tik Tok audience. In this segment we read and respond to some of the best hate comments we've received in “Mean Comments.” These comments range from witty, to insulting, to abusive to just straight up racist and we read every single one out. Also this week: TrackMania, Priceline, Magic Johnson and Indian IT call centres. Segments this week: The Logue: Tired of reaching around each other (at least on the podcast), the boys have instead decided to reach around the week's news stories, events and viral trends. Going Camping: In this game, each person is the camp master and sets the rule for what things can and can't be brought. The others must guess what the rule is by guessing various different things. Mean Comments: Celebrities read Mean Tweets on Jimmy Kimmel, we read racist comments from our Tik Tok. It's basically the same thing. ___________________________________________________ SPONSORS
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