News in Numbers | Infosys may ask 1,000 senior and mid-level employees to leave
In other news, Vijay Mallya is said to have received $40 million from Diageo in February last year
What is it? The number of senior and mid-level Infosys employees who might be asked to leave the company.
Why is it important? It comes on the back of news about layoffs at Wipro and Cognizant, and together they underline the pressure IT majors are facing on business and regulatory fronts. Wipro recently said that if the demand doesn’t improve it might let go of 10% of its employees. Last week, Cognizant announced a voluntary separation programme for directors.
Tell me more: A recent pressure for IT companies came from the visa restrictions imposed by the United States, the sector’s largest source of revenue. Infosys recently announced it would hire about 10,000 employees in the US in the next two years.
What is it? The number of wickets taken by cricketer Jhulan Goswami in women’s one-day international tournaments.
Why is it important? It makes Goswami the top wicket taker in women’s one-day internationals. The position was previously held by Australian bowler Cathryn Fitzpatrick, who held the record for nearly 10 years.
Tell me more: Goswami played a total of 153 matches and bowled 1238.4 overs, against Fitzpatrick’s 109 matches and 1002.5 overs. Goswami claimed the wicket of South Africa’s Raisibe Ntozakhe to break Fitzpatrick’s record. Goswami made her debut in 2002.
What is it? The amount Vijay Mallya is said to have received from Diageo in February last year.
Why is it important? In violation of Supreme Court directions to use the money to repay loans, Mallya allegedly transferred the amount to his children. The court now holds him guilty of contempt and has directed him to appear before it on 10 July. Mallya is facing cases for default of about Rs9,000 crore in loans to various banks, and is in the United Kingdom at present.
Tell me more: Efforts are on to extradite Mallya from the UK. The Enforcement Directorate is making an additional case for extradition on the evidence of money laundering.
What is it? The number of passenger vehicles sold in April in India, according to the Society of Indian Automobile Manufacturers.
Why is it important? This is up 15% from 242,000 vehicles sold in April 2016, indicating that the impact of demonetisation is wearing off. Analysts believe that the pent up demand could push automobile sales further during rest of the year.
Tell me more: Passenger cars (excluding SUVs and vans) sales went up 17.36% to 190,000 units in April, largely driven by compact cars. Buyers picked up 7.34% more two-wheelers in April compared to the year-ago period. However, commercial vehicles and three-wheeler sales dropped.
What is it? The close price of cryptocurrency Bitcoin on BitStamp platform on Tuesday.
Why is it important? Crossing the $1700 mark is an important milestone for Bitcoin, which continues to face skepticism from several quarters. The currency hit its all-time high by surging over 80% in value since the beginning of this year. Starting April, Bitcoins became legal tender in Japan, where it is trading at $1,835 a coin.
Tell me more: As Bitcoin’s price surges in the market, businesses increasingly see more value in blockchain, the currency’s underlying technology.
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