Rediff.com : Business (61)

'Not all was well among Infosys founders, they too were at odds'

In spite of that the founders never voted against any resolution, those who differed abstained.

'Kris Gopalakrishnan may head Infosys'

'60 per cent of the board will not like to have Narayana Murthy.'

GST: 11 states may see Rs 9,500 cr revenue loss this year

Large states like Andhra, Chhattisgarh, Gujarat, Himachal, MP, Odisha, Punjab and Tamil Nadu would need compensation from the Centre

India top draw for global PE investors

PE/VC investments touched a record $11.2 billion in the first half of 2017 against $8 billion in the same period in 2016

Railways to change catering recipe

Food to be cooked in base kitchens instead of trains; private players to be involved

McDonald's may go off menu in North and East

Default in payment of royalties to McDonald's India for nearly two years was the key reason behind the fast-food chain's decision to terminate franchise agreement

Will India's GDP grow at 6.7% in Q1? Economists say yes

If the industrial sector expanded, growth rate is likely to rise in the remaining quarters to reach 7.6-7.8 per cent for 2017-18.

Be soldiers of development: Modi's advice to India Inc

Calling the young CEOs as his team, Modi said India's development must be made a mass movement and entrepreneurs should think of what more they can do for the country's growth and for the poor.

Will more heads roll at Infosys?

Former CFO V Balakrishnan seeks exit of Infosys chairman, co-chairman R Seshasayee, co-chairman Ravi Venkatesan, audit committee chairman Roopa Kudva and nomination committee chairman Jeffrey S Lehman.

Early Diwali for SBI borrowers

Processing fee waived on car, gold and personal loans till December

Infosys ADR holders complain to Sebi

Legal experts fear such shareholder activism could turn into a class-action suit against Infosys

Basmati overtakes buffalo meat as top export commodity

Buffalo meat exporters faced supply problems due to the Centre's ban on animal sales

Why govt is breathing down Alibaba's neck

RJio's LYF, Videocon and other smartphone makers to also get notices

Sensex back in green, Infosys closes up too

The NSE Nifty reclaimed the 9,800 mark

Adani's Aus plans get a court boost

Adani group's 16.5 billion dollar controversy-hit coal mine project in Australia has cleared another hurdle with Brisbane supreme court dismissing an appeal filed by indigenous group against the project.

India's forex reserves at a peak $ 393 bn, says DBS

India's foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investment flows, according to Development Bank of Singapore.

Uber's new ad aims to break outsider tag

With a new campaign that talks about togetherness, Uber challenges Ola's homegrown narrative.

Consumer confidence hits a low over job fears

The Consumer Confidence Index score for India decreased by six points to 128 in the April-June quarter of 2017, from a high of 136 from the last polled survey in Q4 of 2016, market insight first Nielsen has said in a statement.

Exporters will have to wait longer for GST refund

It is after the GST Network tallies invoice details with shipping bills that the refund claims can be processed. So, the refund could be delayed by over a month.

Why have the young stopped looking for jobs?

'Of the 9.5 million unemployed who stopped looking for jobs, nearly seven million were young.'

Infosys announces Rs 13,000 crore share buyback

Infosys has cash in excess of $6.1 billion, which would come down by one-third after the payouts.

Infosys board responsible for the mess

'The meanness of the board statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top company executives to which Narayana Murthy had been repeatedly drawing attention,' says B S Raghavan, the distinguished civil servant.

Govt finally wakes up to data misuse threat

Asks 21 smartphone makers - mostly Chinese - to share security practices. This comes against the backdrop of a military stand-off between India and China in Doklam.

Forex reserves at record high of $393.612 billion

Gold reserves remained unchanged at $19.943 billion.

India Inc profit dips 11% in Q1 on GST destocking

At the sector level, commodity linked sectors and industrials reported the strongest revenue growth, while telecom, consumer discretionary saw the most decline in net profits.

Infosys vs Murthy fight gets murkier

Junking Murthy's claims, Infosys said the board did all it could to look into whistle-blower complaints of corporate governance lapses, particularly those related to acquisition of Panaya.

As Sikka resigns, Rs 22,519 crore wiped out from Infosys m-cap

Infosys was the worst performer among the bluechips on both the key indices.

Sensex dives 271 points, Infosys crashes 9.6% as Sikka resigns

Infosys burnt its fingers as the biggest loser -- sinking as much as 9.60 per cent to Rs 923.10 -- after the surprise announcement. Intra-day, it hit a low of Rs 884.40.

Below my dignity to respond to baseless insinuations: Murthy

Murthy said he was anguished by the allegations, tone and tenor of statements made by the Infosys board.

Should Infosys go back to Nandan Nilekani?

Nilekani has kept pace with technology advances, has been instrumental in digitalising the country, and is well-networked with the bureaucracy and global leaders

South and West are lovin' it but McDonald's faces test in North and East

McDonald's problems couldn't have surfaced at a worse time. Cut-throat competition, rapid expansion and a slowdown in consumer spending in the wake of demonetisation have seriously dented the overall quick-service restaurant business.

Murthy's baseless allegations forced Sikka to quit: Infosys board

The Board rued that its efforts to resolve the concerns of the founders - who together own about 12.75 per cent stake in Infosys - over the course of a year through a dialogue have not been successful.

Can't do my job while defending malicious attacks: Sikka

Sikka said he needs to move forward and return to environment of respect, trust and empowerment, where he can take on new lofty challenges.

How Vishal Sikka transformed Infosys

I started my journey as the CEO of this iconic company with a mission to transform it on the basis of software, especially , and innovation, enabled by education. Three years later, I feel proud of our progress and achievements: Vishal Sikka.

Sensex plunges 208 points; Infosys tanks

Beside Infosys, other laggards that dragged down the key indices were Sun Pharma, HDFC Ltd, Tata Motors, SBI, Kotak Bank, HDFC Bank, Lupin, Adani Ports, Axis Bank, Dr Reddy's, Coal India and Tata Steel.

Why do pilots have to give 1 year notice before quitting?

Aviation experts said the DGCA's move defies logic and is not based on the demand-supply concept.

Why Vishal Sikka quit Infosys

In his blog, sikka said, "It is clear to me that despite our successes over the last three years, and the powerful seeds of innovation that we have sown, I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and ...

Vishal Sikka resigns as Infosys MD and CEO

Sikka has been appointed as the Executive Vice-Chairman, Infosys said.

Infosys tanks over 6% on Vishal Sikka's resignation

Infosys COO U B Pravin Rao has been named as the interim-MD and CEO of the firm.

Markets at new highs? Don't sell and exit entirely

You may invest even at current market levels provided you have an investment horizon of five years or more.

Branded fashion goes to small-town India

AND, W, Biba step up their game worldwide. While global brands go all out to woo India customers.

Govt taking steps to uproot corruption: Modi

Modi said that only governments and their initiatives will not make a New India.

Ola, Uber to soon drive e-vehicles

Initially it will procure only e-rickshaws and e-autos for leasing to operators

Narayana Murthy irked by lack of reliable jobs data

The government has kicked off a new employment survey to create closer-to-real-time credible information, the first tranche of which is expected to be revealed in December next year.

Sensex gives up gains, but stays positive for 3rd day

The broader NSE Nifty after recapturing the 9,900-mark advanced to hit a high of 9,947.80, but ended at 9,904.15, up 6.85 points, or 0.07 per cent.

Rising commodity prices to take a toll on Q2 results

On an average most commodities are up between 20-30 per cent compared to a year ago levels.

Infosys to consider proposal for share buyback

Infosys, in April, had said that it will pay up to Rs 13,000 crore to shareholders during the current financial year through dividend and/or share buyback.

The Grand i10 now looks sportier

Hyundai has now given the hatchback a mid-life facelift that brings in refreshed exteriors, additional features on the inside and a revamped diesel engine.

Why rising rupee is a big headache for India's garments industry

India-made garments have the largest pie in US imports in H1

How about a 'Think for India' campaign?

The best of India's brains are instead busy solving the world's problems , as our policies incentivise them to do so.