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Kyndryl showers execs with shares while staff ponder redundancy packages

Timing, as we noted previously, is everything. Now hard-pressed tech services biz Kyndryl is dishing out shares worth hundreds of thousands of dollars to execs in the middle of a redundancy program – and some staff are not amused. According to SEC filings made on June 5, chairman and CEO Martin Schroeter was awarded 19,406 units of common stock, valued at $12.25 per share.

The Register 1d ago

Buzz of cabinet reshuffle grows: 2 Union ministers don't figure among BJP's 1 1 Rajya Sabha picks

Union ministers Ravneet Singh Bittu and George Kurian do not figure among the 11 Rajya Sabha candidates named by BJP for the June 18 polls, a development that adds to the buzz about a reshuffle in the council of ministers. Kurian, the only Christian minister in the PM Modi-led govt, and Bittu are outgoing MPs from Madhya Pradesh and Rajasthan respectively and did not find a place in the list from their state. The buzz over the reshuffle has now further grown as two other junior ministers,...

Times of India 5d ago

Poaching fears? Congress relocates Madhya Pradesh MLAs to Karnataka, ahead of RS polls

Ahead of Rajya Sabha polls in Madhya Pradesh, Congress leaders on Tuesday alleged poaching attempts by Bharatiya Janata Party and shifted its MLAs to Congress-ruled Karnataka to prevent cross-voting. "All Congress MLAs are being shifted to Bengaluru in party-ruled Karnataka," Saunsar MLA Vijay Revanath Choure told news agency PTI. This comes after the Congress Legislature Party held a meeting late Monday night at the residence of leader of opposition in the MP assembly, Umang Singhar.

Times of India 1d ago

RS polls: EC likely to hear Congress tomorrow over last-minute rejection of Natarajan's nomination

The Election Commission is likely to meet a Congress delegation on Wednesday over the rejection of Meenakshi Natarajan's nomination for the Rajya Sabha polls from Madhya Pradesh. This comes after Congress leaders protested outside the EC office in Delhi after the Returning Officer for the Rajya Sabha election rejected Natarajan's nomination on the grounds that she had allegedly concealed information about a case in her affidavit. Congress leaders, including Jairam Ramesh, KC Venugopal,...

Times of India 1d ago

Marvell enters the AI network fray with 102.4 Tbps switch silicon

Marvell enjoyed a fillip from Nvidia chief Jensen Huang at Computex, who praised the firm as it unveiled the latest 102.4 Tbps switch silicon it has purpose-built for AI infrastructure. The fabless semiconductor biz announced upcoming availability of its Teralynx T100 chip to coincide with the Taiwanese trade show, claiming that it needs 25 percent lower power than competitive solutions with lower latency for AI training and inference workloads. But the firm is late to this party, as other...

The Register 8d ago