IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty.The 109-year-old firm is preparing to split itself into two public companies and the namesake firm will focus on the so-called hybrid cloud, where companies use a combination of their own datacenters and leased resources to manage and process data.Revenue from its cloud-computing business rose 10% to a record $7.5 billion in the fourth quarter, with IBM saying it is confident of returning to sales growth in 2021 and expected revenue to grow in mid-single digits after the separation.That was not enough to convince investors, however, as the company's shares dropped 6.7% to $122.98 in extended trading after IBM's fourth consecutive quarter of sales decline."Our performance reflects the fact that our clients continue to deal with the effects of the pandemic and broader … [Read more...] about IBM revenue disappoints as software sales mark rare decline
Weaker dollar
KCR govt to implement 10 per cent quota for economically weaker sections
Hyderabad, Jan 21: Nearly two years after the Centre announced 10 per cent reservation for the Economically Weaker Sections (EWS) in government jobs and educational institutions, the Telangana government on Thursday said it has decided to implement the quota in the state. … [Read more...] about KCR govt to implement 10 per cent quota for economically weaker sections
Telangana announces decision to implement 10% quota for economically weaker sections
Mr. Rao said an official meeting, presided by him, will discuss the issue in a couple of days and issue orders. He stressed on the necessity for 10% reservation to EWS in education and employment. … [Read more...] about Telangana announces decision to implement 10% quota for economically weaker sections
Telangana: 10% quota for economically weaker sections in jobs and education
KCR was quoted as saying, "There is a need to implement 10 percent reservation in jobs and education to those from economically weaker classes. We have decided to implement it while continuing the reservations for those who are already enjoying the benefit as it is." … [Read more...] about Telangana: 10% quota for economically weaker sections in jobs and education
Rupee gains 6 paise to close near five-month high of 72.99 against U.S. dollar
Extending its gains for the third straight session, the Indian rupee added another 6 paise to settle at a near five-month high of 72.99 against the U.S. dollar on Thursday, tracking a weaker American currency overseas and sustained foreign fund inflows. … [Read more...] about Rupee gains 6 paise to close near five-month high of 72.99 against U.S. dollar