A time to fret and stress

Sikka's exit is the latest blow to IT sector; banks still on shaky ground over NPAs

Markets reacted to political turmoil in America. After Neo-Nazi rallies and US President Donald Trump’s lukewarm condemnation of racism, corporate leaders resigned from the Strategic & Policy Forum and the Manufacturing Council, forcing Trump to dissolve both bodies. USA Inc no longer thinks Trump can enable business-friendly legislation.

Elsewhere, Japan is sustaining economic expansion for the second successive quarter. The European Union is also experiencing positive growth despite misgivings about Brexit. China is cooling off a little. US-North Korea tensions continue to rumble.

In India, the resignation of Infosys’ Vishal Sikka provoked a firestorm with public accusations traded by Sikka,