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☆ Delta's quarterly profit tops estimates on booming international travel
▼ + stars: | 2023-10-12 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCHICAGO, Oct 12 (Reuters) - Delta Air Lines (DAL.N) on Thursday reported stronger-than-expected quarterly profit on strong international travel, but trimmed its full-year outlook due to higher fuel costs. In an interview, he said the demand for Delta's products remain "high" as its customers are in "a very healthy condition." Delta now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July. In the December quarter, the airline expects adjusted earnings in the range of $1.05 to $1.30 per share. Ultra-low-cost carrier Spirit Airlines (SAVE.N) last month cut its profit outlook for the third quarter, citing "heightened promotional activity with steep discounting."

Persons: John F, Andrew Kelly, Ed Bastian, Delta, Stephen Trent, Hopper, airfare, Bastian, Rajesh Kumar Singh, Mehr Bedi, Jamie Freed, Arun Koyyur, Nick Zieminski Organizations: Delta Air Lines, Kennedy International Airport, REUTERS, Rights, Delta, U.S, Wall Street, Citi Research, Spirit Airlines, Frontier Airlines, Thomson Locations: Queens , New York City, U.S

☆ Komal Sri-Kumar: Don't see too much of a yield rise ahead
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKomal Sri-Kumar: Don't see too much of a yield rise aheadKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins 'Squawk on the Street' to discuss the current rate situation and the potential for a recession, where the credit crunch will come from in banks, and more.

Persons: Kumar Organizations: Komal, Sri, Kumar

1 Permian shale producer Pioneer Natural Resources (PXD.N) could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said. Consolidation, steep cost inflation and investor demands for returns have shrunk production growth this year in the Permian shale formation in West Texas and eastern New Mexico. U.S. oil producers are pumping more oil, but the pace of growth has slowed due to lower drilling activity. Overall, oil companies have cut 36 active drilling rigs in the Permian in the last year, a 10% drop. Recent shale consolidation, including Civitas Resources (CIVI.N) and Callon Petroleum-Percussion (CPE.N), also led to reductions in the combined companies' active drilling rigs.

Persons: Exxon Mobil's, they've, Ajay Bakshani, Darren Woods, Ben Crook, East Daley's Bakshani, Webster, Robert Webster, Arathy Somasekhar, Arunima Kumar, Marguerita Choy Organizations: U.S, Exxon, Natural Resources, Reuters, Daley Analytics, Civitas Resources, Callon Petroleum, roughnecks, Hennessy Energy, Fund, Targa Resources, Energy, East, Plains, Oil, Thomson Locations: West Texas, New Mexico, Houston, Bengaluru

Oct 9 (Reuters) - Fears of a widening conflict in the Middle East are threatening more volatility for investors after a painful stretch in U.S. markets. Investors were on guard for the potential of the conflict spreading to embroil other countries, including Iran, and a continued spike in oil prices. Prices for gold, a popular destination for investors during uncertain times, were up 1.2% at $1,854.10 per ounce. Among those is the potential of a rebound in oil prices that could weigh on U.S. economic growth and endanger the so-called soft landing narrative that has helped boost stocks this year. “The worst-case scenario from a geopolitical risk perspective would be a full-scale confrontation between Israel and Iran,” said Tina Fordham, geopolitical strategist and founder of Fordham Global Foresight.

Persons: Brent, ”, Mohit Kumar, Tina Fordham, Paul Nolte, Emmanuel Cau, Althea Spinozzi, Naomi Rovnick, Lewis Krauskopf, Dhara Ranasinghe, Davide Barbuscia, Noel Randewich, Marc Jones, Ira Iosebashvili, Nick Zieminski Organizations: Jefferies, Fordham Global Foresight, Federal Reserve, Murphy, Sylvest Wealth Management, Reuters Graphics Reuters, Treasury, Barclays, Mobileye, Intel, Solaredge Technologies, East, Saxo Bank, Thomson Locations: U.S, Gaza, Iran, Europe, London, Israel, United States, Germany

Oct 9 (Reuters) - Fears of a widening conflict in the Middle East are threatening more volatility for investors after a painful stretch in U.S. markets. Investors were on guard for the potential of the conflict spreading to embroil other countries, including Iran, and a continued spike in oil prices. Prices for gold, a popular destination for investors during uncertain times, were up 0.9% at $1,849.40 per ounce. Among those is a potential rebound in oil prices that could weigh on U.S. economic growth and endanger the so-called soft landing narrative that has helped boost stocks this year. “The worst-case scenario from a geopolitical risk perspective would be a full-scale confrontation between Israel and Iran,” said Tina Fordham, geopolitical strategist and founder of Fordham Global Foresight.

Persons: Brent, ”, Mohit Kumar, Tina Fordham, Paul Nolte, Murphy, Emmanuel Cau, Althea Spinozzi, Naomi Rovnick, Lewis Krauskopf, Dhara Ranasinghe, Davide Barbuscia, Marc Jones, Ira Iosebashvili, Nick Zieminski Organizations: Jefferies, Fordham Global Foresight, Federal Reserve, Sylvest Wealth Management, Treasury, Barclays, Mobileye, Intel, Solaredge Technologies, East, Saxo Bank, Thomson Locations: U.S, Gaza, Iran, Europe, London, Israel, United States, Germany

☆ Middle East violence rattles markets, oil jumps
▼ + stars: | 2023-10-09 | by ( Reuters Staff | ) www.reuters.com time to read: +5 min

MARKET REACTION:- Oil prices surged, with Brent crude trading at $87.25 a barrel - up over 3% on the day. COMMENTS:MOHIT KUMAR, CHIEF EUROPE ECONOMIST, JEFFERIES, LONDON:“The coming days are likely to be driven by geopolitical risks, rather than fundamentals. “Second, OPEC countries do have spare capacity that they restrict willingly to maintain oil price at above $80 (per barrel), but they don’t necessarily think of tripling oil prices – which would only accelerate the energy transition. “This being said, potential retaliation against Tehran is a serious upside risk for oil prices. We will keep an eye on developments, but don’t speculate on a full-blast rise in oil prices for now.”

Persons: Mohammed Salem, Israel’s shekel, MOHIT KUMAR, JEFFERIES, ”, ” CHRIS BEAUCHAMP, Brent, WTI, CAROL KONG, JPY, ” MICHAEL HEWSON, ALVIN TAN, Blinken, “, ” IPEK OZKARDESKAYA, Israel Organizations: Oil, REUTERS, Brent, U.S, Treasury, British Airways, LONDON, Russo, COMMONWEALTH BANK OF, CMC, U.S ., OF, OF ASIA FX, RBS, SWISSQUOTE BANK Locations: Israel, Gaza, Egypt, Yom, EUROPE, Iran, Ukrainian, SYDNEY, Asia, Japan, Straits, Hormuz, OF ASIA, ” “, GENEVA, OPEC, U.S, Tehran

A view of damaged vehicles after flash floods, caused by a lake burst in Singtam, Sikkim, India, October 8, 2023. REUTERS/Francis Mascarenhas Acquire Licensing RightsRANGPO, India, Oct 9 (Reuters) - The death toll from flash floods unleashed by a glacial lake bursting its banks in India's Himalayas climbed to 74 on Monday with 101 people still missing days after the calamity struck, according to provincial officials. He said 101 people were still missing in the latest of a series of natural disasters caused by extreme weather events in the Himalayas. Fourteen army personnel were among the missing, a defence ministry statement said. Parveen Shama, the top district official of Jalpaiguri in West Bengal, said 41 bodies were found in the district.

Persons: Francis Mascarenhas, Vijay Bhushan Pathak, Parveen Shama, Mukesh Kumar, Kumar, Baiju Sharma, Sharma, Subrata Nag Choudhury, Mayank Bhardwaj, Simon Cameron, Moore Organizations: REUTERS, Residents, Reuters, Thomson Locations: Singtam, Sikkim, India, Lohnak, Gangtok, Sikkim's, West Bengal, Jalpaiguri, Nepal, Bhutan, China, Rangpo, Kolkata

☆ India floods: Death toll from glacial lake burst in Himalayas climbs to 74, at least 100 still missing
▼ + stars: | 2023-10-09 | by ( ) edition.cnn.com time to read: +4 min

Reuters —The death toll from flash floods unleashed by a glacial lake bursting its banks in India’s Himalayas climbed to 74 on Monday with 101 people still missing days after the calamity struck, according to provincial officials. An analysis of the images shows more than 60% of the water held in the lake drained out after the extreme rainstorm triggered a glacial lake outburst. This phenomenon happens when a glacial lake rises too high or the surrounding land or ice gives way and the lake bursts, sending water and debris rushing down mountains. A woman holds a child inside a relief shelter after flash floods, caused by a lake burst in Singtam, Sikkim, India, October 8, 2023. Known as the rooftop of the world, the ecologically sensitive Himalayan region is prone to flash floods and landslides, and flooding is not unusual in Sikkim.

Persons: Sikkim’s, Vijay Bhushan Pathak, Prakash Adhikari, Shama, Francis Mascarenhas, Birat Rai, Mukesh Kumar, “, ”, Kumar, Baiju Sharma, ” Sharma Organizations: Reuters, Indian Army, Residents Locations: Sikkim, Lohnak, Gangtok, West Bengal, India, Jalpaiguri, Nepal, Bhutan, China, Singtam, Teesta, Kalimpong District, Rangpo

☆ Top Wall Street analysts expect these dividend stocks to boost portfolio returns
▼ + stars: | 2023-10-08 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

The company's dividend hike of 3.4% last year marked the 40th consecutive year of annual dividend growth. Mizuho analyst Nitin Kumar reiterated a buy rating on Exxon with a price target of $139 after attending the company's Product Solutions Spotlight event. Calling CTRA his top pick, Kumar reiterated a buy rating on the stock with a price target of $42. (See BIP Stock Chart on TipRanks)American Electric PowerAnother RBC Capital analyst, Shelby Tucker, is bullish on utility stock American Electric Power (AEP). Recently, Tucker lowered the price target for AEP to $90 from $103 to reflect a high interest environment but reiterated a buy rating.

Persons: Sergio Moraes, Wall, Mizuho, Nitin Kumar, Kumar, TipRanks, Marcellus Shale, Robert Kwan, Kwan, Shelby Tucker, Charles E, Tucker Organizations: AEP BIP, Exxon Mobil Corp, Oil, Gas Expo, Exxon Mobil First, Exxon Mobil, Exxon, Coterra Energy, CTRA, Brookfield Infrastructure Partners, Brookfield Infrastructure, RBC Capital, Power, American Electric Power, AEP, 453rd, Darden Locations: Rio de Janeiro, Brazil, Baytown, Singapore, Anadarko, TipRanks, Brookfield

☆ This could be the next major bullish catalyst for AI darling Nvidia
▼ + stars: | 2023-10-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

A new chip from Nvidia could prove the next major catalyst for the artificial intelligence darling in 2024, according to Wall Street analysts. Even so, Wall Street remains bullish on the chipmaker, with about 85% of analysts holding a buy rating on the stock, and the average price target implying 43% upside from Friday's close. While the launch of the next-generation chip known as Blackwell isn't expected until 2024, Wall Street analysts are already bracing for the debut to drive significant growth at Nvidia, which already dominates the AI market. The chip is also slated to carry a higher average selling price and better performance than Nvidia's current H100 model. Piper Sandler's Harsh Kumar called the product the "next-gen compute GPU product" for AI and high performance computing.

Persons: Jensen, Blackwell isn't, Atif Malik, Piper Sandler's Harsh Kumar, John Vinh, Vinh, — CNBC's Michael Bloom Organizations: Nvidia, Wall Street, Citi, Taiwan Semiconductor, KeyBanc Locations: CoWoS, 2H24, 4Q24

WADA said North Korea was still non-compliant with its anti-doping code and the OCA had failed to enforce its sanction. "North Korea, the DPRK Korea, has also written a letter to them very lately telling them that the borders have opened and they can send the doping control officers for the testing which the WADA has agreed and they will be shortly sending it to the DPRK, to North Korea," Tiwari added. North Korea won 11 golds in Hangzhou, including in artistic gymnastics, shooting, wrestling, boxing and six in weightlifting. It was the first international multi-sport event North Korea attended since the 2018 edition in Jakarta. North Korea closed its borders for nearly four years because of COVID-19.

Persons: Kim Kyung, WADA, Vinod Kumar Tiwari, It's, Tiwari, Martin Quin Pollard, Robert Birsel Organizations: North, Rights, Olympic Council of Asia, Hangzhou Asian, Doping Agency, Olympic, Paralympic Games, OCA, DPRK, North Korea, International Olympic Committee, Beijing, Games, Thomson Locations: Hangzhou, China, North Korea, Rights HANGZHOU, Korea, DPRK Korea, Jakarta . North Korea, Tokyo

☆ What Wall St, policymakers have to say on potential Exxon-Pioneer deal
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +3 min

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. A deal would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. Following are the comments on the likely deal. BILL SMEAD, CHIEF INVESTMENT OFFICER OF SMEAD CAPITAL MANAGEMENT"I can't imagine any deal is going to go for less than $65 billion, considering Pioneer is currently trading around $50 billion . I mean there's no question the position of that magnitude or size would give them considerable leverage in negotiating or contracts with the service providers."

Persons: Lucas Jackson, BILL SMEAD, PETER MCNALLY, Scott Sheffield, SHELDON WHITEHOUSE, BEN COOK, HENNESSY, NEAL DINGMANN, Arunima Kumar, Sourasis Bose, Sabrina Valle, Raphael Satter, Arun Koyyur Organizations: Exxon Mobil Corporation, New York Stock Exchange, REUTERS, Exxon Mobil, Natural Resources, Mobil, RBC, RHODE, Exxon, Thomson Locations: New York, United States, Bengaluru, Houston

Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Exxon shares were down 1.6%Friday's gains leave the stock short of the offer, as it is possible that the two companies will not reach an agreement. If the negotiations conclude successfully, an agreement between Exxon and Pioneer could be reached in the coming days, Reuters reported on Thursday, citing three sources. "Pioneer is the Permian's largest operator at 9% of gross production while Exxon is No. Combined amounts to 15% of operated Permian production, but only 6% of total US production.

Persons: Dado Ruvic, Andrew Dittmar, Enverus, Scott Hanold, Bill Smead, Mrinalika Roy, Sourasis Bose, Arunima Kumar, Sabrina Valle, Sriraj Organizations: Exxon Mobil, REUTERS, Natural Resources, Mobil, Reuters Graphics, Exxon, Pioneer, Reuters, RBC Capital, Smead Capital Management, Thomson, & $ Locations: Bengaluru, Houston

The Lhonak Lake in the mountainous northeastern state of Sikkim overflowed on Wednesday after a cloudburst triggered torrential rains and an apparent avalanche, causing major flooding in the Teesta river. Sikkim officials had put the death toll at 18 on Thursday evening. Officials in the neighbouring downstream state of West Bengal told Reuters that emergency teams recovered another 22 bodies that had been washed away. Relief teams are unable to reach the affected areas there," Tseten Bhutia, a state official, told Reuters by telephone. All bridges downstream of an NHPC (NHPC.NS) hydropower station Teesta-V have either been submerged or washed away, the Indian government said.

Persons: Bhutia, Pradeep Kumar Barma, Jatindra, Shivam Patel, YP Rajesh, Michael Perry Organizations: Indian Army, India Army, REUTERS Acquire, Reuters, Mobile, Private, Military, India Meteorological Department, YP, Thomson Locations: Sikkim, KOLKATA, DELHI, Asia's, West Bengal, Nepal, Bhutan, China, Siliguri, Bhubaneswar

☆ Exxon-Pioneer deal talks: What Wall St, policymakers have to say
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +4 min

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. It would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. MATTHEW BERNSTEIN, SENIOR SHALE ANALYST, RYSTAD ENERGY"If Exxon Mobil is crowned the undisputed king of the Permian in the coming days, the shale sector will fundamentally become a more mature consolidated business." "A deal the size of Exxon Mobil's potential acquisition of Pioneer, however, could usher in a new 'Shale 4.0' era ... BILL SMEAD, CHIEF INVESTMENT OFFICER OF SMEAD CAPITAL MANAGEMENT"I can't imagine any deal is going to go for less than $65 billion, considering Pioneer is currently trading around $50 billion .

Persons: Lucas Jackson, MATTHEW BERNSTEIN, MARK VIVIANO, Scott Sheffield, BILL SMEAD, PETER MCNALLY, SHELDON WHITEHOUSE, BEN COOK, HENNESSY, NEAL DINGMANN, Arunima Kumar, Sourasis Bose, Sabrina Valle, Raphael Satter, David French, Sriraj Kalluvila, Arun Koyyur Organizations: Exxon Mobil Corporation, New York Stock Exchange, REUTERS, Exxon Mobil, Natural Resources, Mobil, Exxon, RBC, RHODE, Thomson Locations: New York, United States, Bengaluru, Houston

☆ Investors are having a 'panic attack' about the bond market
▼ + stars: | 2023-10-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

But interest rates are unlikely to stay this high for long, according to Fundstrat's Tom Lee. AdvertisementAdvertisementThe Federal Reserve has sowed panic among investors and that's led to the latest bout of dysfunction in the bond market, Wall Street experts say. But according to some market experts, the selloff is largely fueled by feelings of panic in the market rather than fundamentals. "Coming out of the last FOMC meeting two weeks ago, I think that's really when the bond market broke down," Michele added. AdvertisementAdvertisement"This is clearly a panic attack," market veteran Komal Sri-Kumar said to CNBC on the selloff in bonds.

Persons: Treasurys, Tom Lee, —, that's, Jerome Powell, It's, Powell, Bob Michele, Michele, Komal, Kumar, it's, there's, Lee Organizations: Service, Wall, Treasury, Asset, CNBC Locations: Silicon, Spain, Germany

Storms, floods, fires and other extreme weather events led to more than 43 million displacements involving children between 2016 and 2021, according to a United Nations report. But while catastrophes intensify, the world has yet to recognize climate migrants and find formal ways of protecting them. Nearly a third, or 43 million of the 134 million times that people were uprooted from their homes due to extreme weather from 2016-21 included children. Floods displaced children more than 19 million times in places like India and China. Many are enduring “overlapping crises” — where risks from climate extremes are compounded by conflict, fragile institutions and poverty, Healy said.

Persons: Shukri Mohamed Ibrahim, Ibrahim, That’s, ” Ibrahim, ”, Laura Healy, Healy, Kumar, ” Kumar, Meera Devi, Shiv Kumar, hasn’t, Mimi Vu, “, we’re, ” Healy, ___ Ghosal, Fassett, Omar Faruk, Piyush, Teresa de Miguel Organizations: United, UNICEF, Monitoring, AP Locations: United Nations, Somalia, Mogadishu, Philippines, India, China, U.S, Canada, Geneva, Horn, Africa, Caribbean, New Delhi, Vietnam, Bangladesh, Hanoi, Seattle, New York

India is by far Canada's largest source of global students in the country's fast-growing international education business, making up for roughly 40% of study permit holders. International students contribute over C$20 billion ($14.6 billion) to the Canadian economy each year. Reuters spoke to more than a dozen universities and consultants in Canada and India who said they were taking measures to reassure students. Last week, Canadian Immigration Minister Marc Miller described international students "an asset that is very lucrative". In Punjab's Amritsar, home to the Golden Temple, one of the holiest sites in Sikhism, over 5,000 students moved to Canada last year.

Persons: Justin Trudeau, Hardeep Singh Nijjar, We've, Joseph Wong, Ashok Kumar Bhatia, John Tibbits, Tibbits, Marc Miller, Rhonda Lenton, Jiwan Sharma, Melanie Joly, Gurbakhshish Singh, Nivedita Balu, Wa, Manoj Kumar, Denny Thomas, Josie Kao Organizations: Canada's, Canadian, Reuters, University of Toronto, Reuters Graphics, Association of Consultants, Overseas Studies, Conestoga, York, Taxi, Thomson Locations: India's, Vancouver , British Columbia, Canada, TORONTO, AMRITSAR, India, New Delhi, British Columbia, Kitchener , Ontario, Punjab, Punjab's Amritsar, Ottawa, Amritsar, Wa Lone, Toronto

☆ Komal Sri-Kumar: Bond market's 'panic attack' came after the Fed wasn't responding to rate hikes
▼ + stars: | 2023-10-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKomal Sri-Kumar: Bond market's 'panic attack' came after the Fed wasn't responding to rate hikesKomal Sri-Kumar, president of Sri-Kumar Global Strategies, joins 'Squawk Box' to discuss the latest market trends, why he believes the bond market could be having a panic attack, the Fed's inflation fight, and more.

Persons: Bond, Kumar Organizations: Sri, Kumar

☆ Startups are hitting a road block when selling their AI to big companies. Investors and founders explain how to get around it.
▼ + stars: | 2023-10-04 | by ( Meghan Morris | ) www.businessinsider.com time to read: +5 min

The procurement team, responsible for sourcing and pricing the services the company buys, can introduce significant barriers to enterprise startups. Sellers must navigate a thicket of data concerns and increasing price sensitivities, among other issues, with procurement teams that may have little familiarity with AI. Enterprise software deals are taking longer to close compared with last year, per a September survey from New York-based SAAS financing startup Capchase. "That's leading procurement teams to ask sellers 'what works here, tell me where I could have unanticipated outcomes?'" Nemeth said procurement teams want to be educated and help see deals through.

Persons: Samir Kumar, Kumar, Barack Obama, Obama, Reuters Kumar, Obama's, Miguel Fernandez Larrea, Fernandez Larrea, Tola, Sheila Gulati, Charles Cotugno Gulati, Rachael Nemeth, Nemeth Organizations: Microsoft, Qualcomm, Touring Capital, Companies, White House, Reuters, Enterprise, Vanderbilt University Locations: United States, New York

The Indian eventually won the Asiad gold thanks to getting 88.88 metres on his fourth registered effort. Soon Chopra went over to speak to them to protest because he knew his was a "good throw". "I fight (protest my case) with them because it was a good throw. And I asked them what happened, what happened? "So I was a little disappointed because it was a good throw, and there was a good wind behind me as well."

Persons: India's Neeraj Chopra, India's Kishore Kumar Jena, Japan's Roderick Genki Dean, Neeraj Chopra, Kishore Jena, Chopra, I'm, Klaus Bartonietz, “, Bartonietz, It's, ”, Wu Yanni, Martin Quin Pollard Organizations: Olympic Sports Centre, Hangzhou Asian, Olympic, Indian, Games, Thomson Locations: Hangzhou, China, HANGZHOU

A United Airlines Airbus A319-100 jet takes off from Washington National Airport in Washington, U.S., August 9, 2017. The latest order is the second major aircraft purchase by United over the past year. In December, it unveiled a huge order of 100 Boeing 787 Dreamliners and 100 737 MAXs. The large 787 order is likely to raise further questions about the future of outstanding United orders for 45 Airbus A350s which have already been deferred to at least 2030. Nocella said while A350 is a "great machine" and there is no change in the company's order, United is focused on its 787 fleet in the short-run.

Persons: Joshua Roberts, Andrew Nocella, Nocella, It's, Valerie Insinna, Rajesh Kumar Singh, Mehr Bedi, Tim Hepher, David Shepardson, Shounak Dasgupta, William Maclean, Bernadette Baum, David Gregorio, Aurora Ellis Organizations: United Airlines Airbus, Washington National Airport, REUTERS, United Airlines, Tuesday, Boeing, Airbus, Reuters, Air Canada, Air France, KLM, U.S, United, Thomson Locations: Washington , U.S, Chicago, United, North America, U.S, Washington, Bengaluru

☆ Sikh group protests outside Golden Temple over killing in Canada
▼ + stars: | 2023-09-29 | by ( Manoj Kumar | ) www.reuters.com time to read: +3 min

[1/3] A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNEW DELHI, Sept 29 (Reuters) - Hundreds of Sikh activists on Friday staged a demonstration outside the Golden Temple in Amritsar, in the northern Indian state of Punjab, demanding punishment for the killers of a Sikh separatist in Canada. Earlier this month, Canadian Prime Minister Justin Trudeau told parliament that there may be a link between New Delhi and the murder of Hardeep Singh Nijjar in June in British Columbia. Holding posters of Nijjar, the protesters outside the holiest of Sikh shrines shouted slogans asking New Delhi to stop extrajudicial operations against separatists seeking Punjab as an independent state. Nijjar, who worked as a plumber, left the north Indian state of Punjab a quarter-century ago and became a Canadian citizen.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Paramjit Singh Mand, Dal, Kanwar Pal, Sunil Kataria, Mayank Bhardwaj, Alison Williams Organizations: REUTERS, Canadian, Dal Khalsa, Thomson Locations: Surrey, British Columbia, Canada, DELHI, Golden, Amritsar, Punjab, New Delhi, India, Canadian, Sikh

☆ Cognizant appoints former Wipro finance chief Jatin Dalal as CFO
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 28 (Reuters) - Cognizant Technology Solutions (CTSH.O) on Thursday named former Wipro (WIPR.NS) chief financial officer Jatin Dalal as its CFO, a week after his resignation from the Indian information technology (IT) major. The pace of executive churn has picked up in the Indian tech industry in recent months. Dalal became Wipro's CFO in 2015, and with CEO Thierry Delaporte steered the company through the pandemic as demand for digital services boomed. "We are pleased to welcome Jatin to Cognizant and confident he will help us achieve our goals as we continue to focus on driving revenue growth," Cognizant CEO Ravi Kumar S said in the statement. Cognizant projected third-quarter revenue above estimates in August as more businesses turned to the IT services provider to digitize their operations.

Persons: Dado Ruvic, Jatin Dalal, Ravi Kumar S, Dalal, Jan Siegmund, Rajesh Gopinathan, Mohit Joshi, Wipro's, Thierry Delaporte, Jatin, Cognizant, Jaspreet Singh, Hritam Mukherjee, Varun Organizations: REUTERS, Technology Solutions, Wipro, Cognizant, Infosys, Indian, Tata Consultancy Services, Tech Mahindra, Thomson Locations: Bengaluru

☆ Sprinters in the wind after anti-doping officials arrive at Delhi meet
▼ + stars: | 2023-09-27 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

NEW DELHI, Sept 27 (Reuters) - By the time Lalit Kumar crouched at the starting blocks for the men's 100 metres final at the Delhi state athletics meet on Tuesday, the 20-year-old was only ever going to finish first. However, organisers suspect they pulled out after getting wind of the imminent arrival of officials from India's anti-doping agency (NADA). "An odd withdrawal is understandable, but when seven runners withdraw, you know something is fishy," Sandeep Mehta, secretary of the Delhi Athletics Association (DAA), told Reuters on Wednesday. Mehta also confirmed that some athletes from the meet did not turn up to collect their medals, raising more doping suspicions. The country ranked second behind Russia in anti-doping rule violations in a World Anti-Doping Agency (WADA) report published in May.

Persons: Lalit Kumar crouched, Kumar's, Sandeep Mehta, NADA, Mehta, Vimal Anand, WADA, Kumar, it's, Amlan Chakraborty, Peter Rutherford Organizations: Jawaharlal Nehru, cramp, Delhi Athletics Association, Reuters, Athletics Federation of, Doping Agency, Indian Express, Thomson Locations: DELHI, Delhi, Athletics Federation of India, India, Russia, New Delhi

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