FC Kohli, father of Indian IT industry, passes away aged 96

News Network
November 26, 2020

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Mumbai, Nov 26: FC Kohli, who is considered as the father of Indian IT industry, is no more. Kohli passed away at the age of 96.

A veteran in the Tata Group, he was the founder and first CEO of Tata Consultancy Services (TCS).

Kohli had served as director of the board of Tata Sons Ltd, Tata Industries Ltd, Tata Unisys Ltd, Tata Electric Company, Tata Honeywell Limited, Bradma of India Limited, Airline Financial Support Services India Private Ltd, Tata Technologies Limited Singapore, Investor Services of India Ltd, Triveni Engineering Works, Abacus Distribution Systems and Airline Software Development Consultancy India Private Limited. He was also he chairman of Tata Elxsi India Ltd and WTI Advanced Technology Ltd.

Kohli was among the board of directors of the Institute of Electrical and Electronics Engineers (IEEE) from 1973–74 and was the chairman of the Indian Council. He was the former president of the Computer Society of India and was the chairman of the Southeast Asia Regional Computer Conference held at Singapore in 1976 and chairman of the apex committee of the Southeast Asia Regional Computer Conference held at New Delhi in 1988.

He was also president of the Management Consultants Association of India for the year 1975–76. For 1975–77, he was the chairman of the Institutions of Electrical Engineers Bombay. In 1989, he was appointed adviser to the South east Asia Regional Computer Confederation. He was president of NASSCOM from 1995–96.

“The passing of FC Kohli is a sad event for all of us. He strode the technology world like a colossus for decades. And he and his wife Swarn have been mentors for Uma and me for many years ! RIP Bhishma Pitamah,” tweeted Ganesh Natarajan.

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News Network
November 19,2024

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News Network
November 27,2024

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Gaza health authorities say Israel’s military has "erased” over 1,400 Palestinian families in the besieged territory over the past year.

The Health Ministry said in a statement on Tuesday that the Israeli regime "completely erased about 1,410 families, numbering 5,444 people, from the civil registry during the same period.”

It said that there were 3,463 families with only one survivor, while 2,287 families had more than one survivor.

In northern Gaza, Israel’s warplanes have continued dropping bombs over Palestinian families, Palestinian news agency Wafa reported.

It said one airstrike hit a family home in Jabalia, causing numerous casualties on Tuesday.

According to Gaza's civil defense agency, at least seven people were killed and several others wounded in the attack.

Another person was killed in a strike on a house in nearby Beit Lahia, a town in northern Gaza, which has been declared “a disaster area" by the municipality due to "the Israeli war of extermination and siege, and it has no food, water, hospitals, doctors, services, or communications."

The health ministry said, “Israeli forces killed 14 people and injured 108 others in three massacres of families in the last 24 hours.”

“Many people are still trapped under the rubble and on the roads as rescuers are unable to reach them.”

International organizations and leaders believe that Israel’s genocidal war, now in its second year, is a deliberate attempt to destroy the population of Gaza.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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