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Economic Times | 11 Mar, 2023 | 11:47AM IST

Latest News Live: Tech Mahindra appoints Infosys President Mohit Joshi as CEO designate

Latest News Live: The Board of Tech Mahindra announced Mohit Joshi as the MD & CEO designate of the company. Mohit will take over as MD & CEO when CP Gurnani retires on 19th December 2023.

Infosys president Mohit Joshi has resigned after a long innings at the firm. Joshi's exit comes close to the heels of former Infosys president Ravi Kumar who took charge as Cognizant CEO recently. Joshi will stay in the firm till June.

Joshi's exit leaves a big vacuum in the Infosys management team.
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11:47 AM

K. Kavitha joins ED probe in Delhi Excise Policy scam case

Bharat Rashtra Samithi (BRS) leader K. Kavitha on Saturday joined the Enforcement Directorate's (ED) probe in connection with the Delhi Excise Policy scam case. She reached the ED office at around 11.05 a.m., and her statement will be recorded under section 50 of the Prevention of Money Laundering Act.
11:30 AM

Mohit Joshi - Tech Mahindra's CEO designate

  • Mohit Joshi has over two decades of experience in the Enterprise technology software & consulting space and has worked with the largest corporations in the world in driving digital transformation and building thriving businesses.
  • At Infosys, he was head of the Global Financial Services & Healthcare and the Software businesses, which included Finacle (the banking platform) and the AI / Automation portfolio.
  • He also led Sales Operations and Transformation for Infosys and executive responsibility for all large deals across the company.
  • He was also responsible for the company's internal CIO function and the Infosys Knowledge Institute.

11:14 AM

Infosys President Mohit Joshi appointed as CEO designate of Tech Mahindra

The Board of Tech Mahindra announced Mohit Joshi as the MD & CEO designate of Tech Mahindra. Mohit will take over as MD & CEO when CP Gurnani retires on 19th December 2023.
11:00 AM

India logs 456 new Covid cases, 1 death

India recorded 456 new coronavirus infections, pushing the tally to 4.46 crore, while the active cases increased to 3,406, the Union Health Ministry said on Saturday. The death toll stands at 5,30,780 with one death reported in Gujarat, data updated by the ministry at 8 am stated.
10:54 AM

Congress president Mallikarjun Kharge condoles the demise of Karnataka Congress working president R Dhruvanarayana

10:42 AM

Infosys President Mohit Joshi resigns: Report

10:41 AM

Delhi's minimum temp settles at 14.9 deg C

Delhi recorded a minimum temperature of 14.9 degrees Celsius, one notch above the season's average, the India Meteorological Department (IMD) said on Saturday. The maximum temperature is likely to settle around 32 degrees Celsius, it said.
10:27 AM

CBI summons Bihar Deputy Chief Minister Tejashwi Yadav in connection with land-for-jobs 'scam': Officials

10:27 AM

Lord Vishwakarma is considered the ultimate creator, and the greatest architect. In his idols, he is seen holding various tools. In our society, those who create something with their own hands with the help of tools, have a rich tradition

- PM Narendra Modi

10:23 AM

You can trouble me by putting me in jail but cannot break my spirit: Manish Sisodia

Former Delhi deputy chief minister Manish Sisodia has sent a message from the Tihar jail, saying imprisonment may pose difficulties for him but it cannot break his spirit. The Central Bureau of Investigation (CBI) arrested the Aam Aadmi Party (AAP) leader on February 26 in connection with alleged corruption in the formulation and implementation of the now-scrapped Delhi excise policy for 2021-22. He was arrested by the Enforcement Directorate (ED) too earlier this week
10:14 AM

PM Modi at the post-budget webinar on ‘PM Vishwakarma Kaushal Samman (PM VIKAS)’

After the announcement of PM Vishwakarma Kaushal Samman, there were extensive discussions, newspapers & economic experts took note of it. The mere announcement has become a centre of attraction: PM Modi
10:05 AM

Tamil Nadu CM slams Governor RN Ravi for returning anti-gambling bill

Tamil Nadu Chief Minister MK Stalin on Friday slammed Governor RN Ravi for returning the online gambling prohibition bill four months after it was passed by the State legislature. On Wednesday, the Governor sent back the bill to prohibit online gambling and to regulate online games in the State. The Governor sent back the bill after four months and has sought further clarifications regarding the bill.
09:55 AM

Meghalaya portfolio allocation

  • M Conrad Sangma keeps Finance, Forests & Environment, Home (Political) Dept
  • Deputy CM Prestone Tynsong gets Home (Police), Public Works (R), Public Works Dept (B)
  • Deputy CM Sniawbhalang Dhar gets Commerce & Industries Dept

09:37 AM

Pat McCormick, 4-time Olympic diving champion, dies at 92

Pat McCormick, who became the first diver to sweep the 3-meter and 10-meter events at consecutive Olympics, has died. She was 92. She died Tuesday of natural causes at an assisted living facility in the Orange County city of Santa Ana, her son, Tim, said.
09:15 AM

Delhi Police recovers 'medicines' from farmhouse where Satish Kaushik stayed: Sources

  • Delhi Police say they are waiting for the detailed postmortem report to know the exact cause of the death. A crime team of District Police visited the farmhouse in Southwest Delhi where the party was organised & recovered some 'medicines': ANI Sources
  • Party was organized at the farmhouse of an industrialist. Police is going through the guest list. The party was attended by an industrialist who is wanted in a case: ANI Sources
08:25 AM

Russia denounces Georgia protests as coup attempt

Moscow on Friday accused foreign countries of fomenting mass protests in Georgia, likening them to an attempted coup designed to sow tension on Russia's borders. Russian Foreign Minister Sergei Lavrov said that several days of demonstrations in the Georgian capital Tbilisi reminded him of a Ukrainian uprising that ousted a Kremlin-friendly government in 2014.
08:04 AM

K Kavitha to appear before ED today

07:52 AM

Biden appoints two Indian-Americans to Advisory Committee for Trade Policy and Negotiations

US President Joe Biden on Friday named two Indian-Americans -- Revathi Advaithi, CEO of Flex, and Manish Bapna, CEO of the Natural Resources Defence Council -- to the Advisory Committee for Trade Policy and Negotiations. On Friday, Biden announced his intent to appoint 14 people to the Advisory Committee, which provides overall policy advice to the United States Trade Representative on matters of development, implementation, and administration of the US trade policy.
07:16 AM

2 LA police officers shot by parolee released from hospital

Two Los Angeles police officers shot by a wanted parolee have been released from the hospital and a third is in stable condition, police said Friday. The officers, all members of a K-9 dog-handling unit, were wounded Wednesday in the Lincoln Heights neighbourhood near downtown. Two were Ureleased on Thursday, a police statement said.
06:56 AM

Bank of England says it will apply to register Silicon Valley Bank UK Ltd as insolvent

The Bank of England said on Friday that it intended to seek a court order to place Silicon Valley Bank UK Ltd into a bank insolvency procedure. "SVBUK has a limited presence in the UK and no critical functions supporting the financial system. In the interim, the firm will stop making payments or accepting deposits," the BoE said in a statement.
06:50 AM

Elon Musk acquires 10,500 Tesla shares worth about $50,000 - filing

Tesla Inc. Chief Executive Officer Elon Musk has acquired 10,500 shares of the electric-vehicle maker, worth about $49,665, U.S. securities filing showed on Friday.
06:46 AM

China's Xi nominates Li Qiang to become premier-Xinhua

Chinese President Xi Jinping on Saturday nominated Li Qiang, 63, to become premier during the ongoing annual meeting of China's rubber-stamp parliament, the official Xinhua news agency reported.
06:26 AM

Bengal: 8.5 lakh students to write class 12 state board exam

An estimated 8.52 lakh candidates, up from 7.45 lakh last year, will write their papers in the Higher Secondary Examination this year beginning from March 14. The number of girls will be higher by 1.27 lakh, 57.43 per cent of the total candidates, the West Bengal Council of Higher Secondary Education that conducts the election said on Friday.
06:25 AM

Odisha clears incentive package for IOCL cracker plant

The Odisha state Cabinet has approved a special package of incentives for a nearly 60,000 crore investment proposal of Indian Oil Corporation Limited (IOCL), the state assembly was informed on Friday. The CPSU has proposed for setting up of a Mega Dual Feed Cracker (DFC) at Paradip with investment of Rs.58,042 crore for production Ethylene, Polypropylene, Poly Vinyl Chloride (PVC), Phenol, Is-Propyl Alcohol (IPA) etc. for total capacity of 2822 KTA.
06:24 AM

Mallikarjun Kharge slams ED searches

Congress President Mallikarjun Kharge on Friday accused the Narendra Modi government of making "sinister attempts to kill democracy" by misusing probe agencies against Opposition leaders, as he slammed the Centre over the ED searches on the premises of former Bihar Chief Minister Lalu Prasad Yadav's family.
06:23 AM

Delhi LG swings in action on DERC's advice to 'restrict' power subsidy to city residents

Delhi LG V K Saxena has asked Chief Secretary Naresh Kumar to direct the power department to place the DERC advisory on restriction of power subsidy before the council of ministers and take a decision within 15 days. The LG made the instruction on the basis of a DERC's statutory advisory to the Delhi government to consider "restricting" electricity subsidy to the "poor and needy consumers." However the advisory was put in abeyance.
06:22 AM

'Temporary relief' for Imran Khan as BHC suspends arrest warrants for two weeks

In a temporary relief to former Prime Minister of Pakistan and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan, Balochistan High Court (BHC) on Friday suspended his arrest warrant for two weeks issued by a local court in a case registered against him in Quetta, reported Geo News. A non-bailable arrest warrants was issued against Khan by a local court in hate speech case pertaining to inciting public against state institutions.
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