Related Questions

In each question below is given a statement numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: The June 2018 quarter results of Infosys reflect that the investors waiting for the company to perform as good, if not better, than its largest peer Tata Consultancy Services (TCS) may have to wait a little longer. Infosys, the country’s second-largest software exporter reported slower sequential growth in revenue and profit than TCS for the June quarter (Q1). It also lagged on the fronts of employee attrition and growth in the banking, financial services, and insurance (BFSI) vertical.  Assumptions: I. On the positive side, Infosys continued to add large clients – four in the above $100-million billing category compared with the previous quarter. It continued to retain guidance of 6-8% revenue growth for FY19 while retaining the operating margin band of 22-24%. II. In the near term, the stock performance of TCS is likely to overshadow Infosys given the difference in their growth trajectories. III. The growth momentum of Infosys has slowed relative to TCS. The year-on-year growth in trailing 12-month (TTM) revenue of Infosys in each of the four quarters up to the June 2018 quarter has lagged TCS after leading in the previous five quarters.
In the question below, a statement is given followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company. The settlement with the Securities and Exchange Commission allows Musk to remain CEO of the electric car company but requires him to relinquish his role as chairman for at least three years.  Courses of action: I. Tesla must hire an independent chairman to oversee the company, something that should please a number of shareholders who have criticised Tesla's board for being too beholden to Musk.  II. The deal could remove one cloud that hangs over Tesla. Investors fretted about the company's ability to cope without Musk, a charismatic entrepreneur whose penchant for coming up with revolutionary ideas has drawn comparisons to one of Silicon Valley's most revered visionaries, Apple co-founder Steve Jobs.  III. Besides paying a fine and stripping Musk of his chairman's title, Tesla also must appoint two more directors who have no ties to the company or its management. Musk will be allowed to remain on the board.
Who took over as the new CEO of IT giant Infosys at the beginning of 2018?