Can social media, loud and inclusive, fix world politics?
The Conversation Global’s new series, Politics in the Age of Social Media, examines how governments around the world rely on digital tools to exercise power. Privacy is no longer a social norm, said Facebook founder Mark Zuckerberg in 2010, as social media took a leap to bring more private information into the public domain. But […]
Cognizant set to send 6000 employees home: Reports
Chennai: Information Technology major Cognizant Technology Solutions may cull as many 6000 jobs, over 2% of its total workforce, after its appraisals this year and as it shifts from IT services to digital, reports say.The company’s workforce number stands at around 260000 at the moment with almost three-fourths of the employees based out of India.”As […]
Idea Cellular to merge with Vodafone; Stock plunges after upbeat start
Telecom stock Idea Cellular started off on a high note Monday morning, rising to Rs 123.75 in a flash, gaining almost 15% in the process, but retreated from that high swiftly and then plunged into the red to Rs 92, falling nearly 30% from the highs, before closing the day at the Rs 97.60.At Rs […]
ASSOCHAM-Crisil study suggests three pronged strategy to deepen bond market in India
A three pronged approach based on facilitating larger institutional investment in corporate bonds together with weaning companies away from bank loans and ensuring facilitative policies and infrastructure from perspective of both issuers and investors is imperative for comprehensive development of debt market in India, suggested a recent ASSOCHAM-Crisil joint study.”Setting up of a dedicated team […]
Idea, Vodafone announce merger to create India's largest telco
The combined Vodafone-Idea group will be India’s largest telecom operation with 400 million customersNew Delhi: In one of the biggest mergers in the telecom space, Vodafone India and Aditya Birla Group-promoted Idea Cellular on Monday announced their much-expected coming together.Kumar Mangalam Birla, Chairman of the Aditya Birla Group, will be the Chairman of the new […]
China’s trading partners alarmed by food import controls
Author: JOE McDONALD & GILLIAN WONG | APMon, 2017-03-20ID: 1489995157142983600BEIJING: China’s trading partners are bringing the top UN food standards official to Beijing in a last-ditch attempt to persuade regulators to scale back plans to require intensive inspections of food imports — including such low-risk items as wine and chocolate — that Washington and Europe say could […]
Uber president leaves after six months
Author: Agence France PresseMon, 2017-03-20ID: 1489994946962963800WASHINGTON: Ridesharing giant Uber took another hit with the departure of its president, Jeff Jones, after just six months, US media reported Sunday.Jones’ departure comes after a series of difficulties at Uber, Recode and The Wall Street Journal reported. According to Recode, Jones had voiced dissatisfaction with the company’s strategies.Reached by AFP, […]
G-20 summit acquiesces to US, drops free-trade pledge
Author: ReutersMon, 2017-03-20ID: 1489950394727722800BADEN-BADEN: Financial leaders of the world’s biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist US after a two-day meeting failed to yield a compromise.Breaking a decade-long tradition of endorsing open trade, G-20 finance ministers and central bankers made only a token reference to trade in […]
Scots weigh economic uncertainty of independent future
Author: AFPMon, 2017-03-20ID: 1489950394757723400ABERDEEN: The prospects for Scotland’s economy after Brexit are at the heart of the battle between its pro-independence first minister and British Prime Minister Theresa May, who wants Britain to stay united as it leaves the EU.Nicola Sturgeon has warned that leaving the bloc’s single market will cause tens of thousands of job losses […]
Reinsurers design tailored deals in search of higher returns
Author: ReutersMon, 2017-03-20ID: 1489950394747723100ZURICH: Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or drought.This tailor-made approach is part of Swiss Re’s response to fierce competition in the reinsurance industry, where […]
