Spice markets witness a sudden price war

The recent deluge has altered the spice route of the country with torrential rains heavily lashing and bashing the spice gardens of Kerala and Karnataka.

Karnataka is the largest producer of pepper, followed by Kerala, and the states have incurred huge losses as floods washed away pepper wines from thousands of hectares of land. As a result, next year’s pepper production will be down by 40 per cent, say market watchers.

India produces some 75,000 tonnes of pepper annually of which Karnataka alone accounts for 70 per cent while Kerala has a share of some 25,000 tonnes.

ITI ropes in 58 SMEs for second coming

The country’s oldest public sector undertaking, ITI Ltd, has roped in a bunch of start-ups to create a tech ecosystem to support its second coming and sustain its future growth.

Wipro strikes its biggest deal, hopes to win lost ground

Wipro Limited has won its largest-ever single deal. The tech major bagged a 10-year contract from Illinois-based Alight Solutions LLC, the company said on Sunday. The deal will bring revenues in the range of $1.5 billion to $1.6 billion for the company over the next 10 years.

Clearly, this is Wipro’s largest win to date. In 2014, it signed a $1.1 billion outsourcing deal with a Canadian logistics firm ATCO for 10 years that will be ending in 2024.

Social Venture Partners aims to create 1m jobs by 2022

Social Venture Partners India — a collaborative venture started and supported by professionals, businessmen and active partners who are willing to devote time and energies in terms of mentorship, technology and funds — is working towards creating one million sustainable new jobs in the country by 2022.

Rebuilding Kerala will need Rs 50k cr or even more

Rebuilding of Kerala will require an extraordinarily large sum. It could be a minimum of Rs 50,000 crore or much more than that. The state government is currently in the process of assessing the cumulative damage, which is a tough exercise, as the floods, torrential rains and landslides have thrashed and destroyed the very foundations of the state, lamented E Chandrasekharan, Kerala minister for Revenue and Housing.

Getting off ‘unsafe’ tag biggest struggle for tourism post floods

The unprecedented flood has left a trail of death and destruction in God’s own country. It is still early to get the full measure of the massive losses. The much-vaunted tourism lies in tatters. Famed tourist spots Munnar, Wayanad and Allapuzha are still under water. Backwater properties, arguably the face of Kerala tourism, are all shut. Given the intensity of the devastation, it is a long, long road ahead.

Indian IT firms abuse rules, don’t blame Trump

Some of the Indian IT companies and their immigration departments have to be blamed if the US president Donald Trump had gone overboard recently on H-IB visa restrictions and regulations around immigration, said KV Kumar, an American Indian businessman who has served many presidents, from Ronald Reagan to Donald Trump, in multiple capacities.

Ranga’s exit sets tongues wagging

Infosys is far from a settled house. There was a lull after a protracted boardroom battle. Now, with the resignation of chief financial officer MD Ranganath (in pic), the high profile exits continue to haunt the company that was once the bellwether of the IT industry.

Former senior executives, who keep a close watch on the happenings at Infosys, pointed out that Ranganath’s sudden exit stemmed from “bad chemistry” he shared with CEO Salil Parekh.

Srikrishna defends data safety draft amid rising criticism

Justice BN Srikrishna has said the committee headed by him on data protection took a ‘fairly balanced’ call after hearing all stakeholders, including the industry. Some industry stakeholders have sought clarity on the issue of sharing data with third parties claiming that the committee’s report did not include their inputs and a lot of are-as had gone unaddressed.

Nasscom embarks on brand promotion to sell India story

Indian tech industry’s apex body, Nasscom, is chalking out a global repositioning cum rebranding campaign for IT and BPM sectors in the global markets. As a precursor to this exercise, the industry body is currently in the process of compiling some 150 case studies and digital transformation success stories from IT companies, BPM firms, GCCs (global capability centres) and startups in India.