The Hindu : Business (135)

NPA resolution: RBI chief calls for recapitalisation of banks

Reserve Bank Governor Urjit Patel on Saturday called for recapitalisation of state-run banks to help them resolve the NPAs issue in a time-bond manner as bad loans at 9.6 per cent of the system is not...

Infosys board approves ₹13,000 crore share buyback

The board of Infosys, India's second-largest software exporter, on Saturday approved a ₹13,000 crore share buyback plan, the first since the company's inception 36 years ago. The buyback offer size am...

India threatens Philip Morris with 'punitive action' over alleged violations

At several parties attended by Reuters reporters in Delhi over the past year, young women dressed in the colours of the latest Marlboro variant handed out free packs of cigarettes after asking people for their name, age and preferred brand.

'Infosys fundamentals intact, though IT faces headwinds'

Analysts say proposed buyback may help ward off further declines in the stock

FM asks states to cut VAT on petro products

Under GST, it leads to cascading of tax

Will reply to board's allegations: Murthy

'Accused can't certify themselves clean'

'Murthy is main reason for Sikka's resignation'

Demanded changes under threat of media attacks: Board

'No discrepancy in data on returns filed'

PM, others cited data relating to different periods, categories of filers: I-T Dept

'Buyback plan as scheduled'

The board of Infosys will meet on Saturday to discuss the share buyback plan despite the resignation of its CEO Vishal Sikka, according to board chairman R. Seshasayee.There is no change in buyback p...

'Cotton imports may be higher'

Cotton imports may be higher during the current season , said the Cotton Advisory Board. In October 2016, the board estimated imports at 17 lakh bales revising the sa...

HDFC Life files draft prospectus

HDFC Standard Life Insurance Company has filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering .The firm may off...

Apex Frozen IPO opens August 22

The initial public offering of Apex Frozen Foods will open on August 22.The proceeds will finance the setting up of a shrimp processing unit.The firm will issue up to 87 lakh equity shares (face...

Numeric 3-phase UPS to power sales, exports

Firm aims to double its market share

'Tata Global to review plantation businesses'

Chairman Chandrasekaran expresses concern over losses

'Not trying to be a Silicon Valley'

Karnataka's IT Minister wants the State to be an innovation hub for the world

RBI introduces new ₹50 currency notes

The Reserve Bank of India on Friday introduced new ₹ 50 denomination banknotes. This is the third currency note that has been introduced post-demonetisation, after ₹2,000 and ₹500. The new ₹ 50 curren...

Sensex dives, Infosys crashes as Sikka resigns

After three straight sessions of gains, the Sensex opened lower and dropped further before ending down 270.78 points.

Narayana Murthy 'anguished' by Infosys Board blaming him for Sikka's exit

below my dignity to respond to baseless insinuations,' Mr. Murthy says.

It was difficult to deal with continuous allegations, says Vishal Sikka

"I am proud of the results we have achieved," he says.

Engine issues ground 8 IndiGo planes; 60 flights affected

The airline had said it will receive compensation from Pratt & Whitney for grounding the planes and expressed dissatisfaction over the situation.

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

The sharp fall in Infosys scrip dragged down the market.

Infosys tanks 13% on Vishal Sikka's resignation

Infosys shares fell as much as 13 % to their lowest in 52 weeks.

Engine issues in A320 Neo planes, IndiGo cancels 84 flights

InterGlobe Aviation-run budget carrier IndiGo on Friday cancelled over 80 flights as the airline grounded more Airbus A320 Neo planes due to engine issues.As many as 13 A320 Neo a...

Jaitley asks State CMs to reduce burden of VAT on petroleum products

Jaitley has requested States to explore the possibility of having a lower rate of VAT on petroleum products.

What next for Infosys?

As the Infosys CEO and MD Vishal Sikka resigned on Friday, we take a look at what immediate arrangements have been made by the company.

Resignation letter of Vishal Sikka

Here is the full text of the resignation email received from the Vishal Sikka, MD and CEO by the board of directors on Friday.

Sensex plunges 208 points; Infosys tanks as Sikka resigns

The markets also witnessed intense selling pressure in recent gainers.

Infosys tanks on Vishal Sikka's resignation

Infosys shares fell as much 9.4 percent to their lowest since June 28

Rupee recover by 5 paise against US dollar

The rupee rebounded by 5 paise to 64.10 against the US currency in late morning deals following sustained bouts of dollar selling by banks and exporters.Earlier, the rupee resumed lower at Rs 64.18 pe...

Infosys CEO and MD Vishal Sikka resigns

U. B. Pravin Rao has been appointed interim chief executive officer and managing director.

AEPC seeks clarification on minimum wage

The country's apex body for apparel exporters, Apparel Export Promotion Council has asked the Government to clarify that the monthly minimum wages won't be doubled to ₹18,000. Any increase in w...

Realty sector eyes $10 bn private equity

Bankers stay away from lending housing projects

Private banks in the South set up facilities for Aadhaar

Initiative to hasten enrolment process, says official

Srei Equipment Finance plans IPO

To raise about ₹2,000 cr. for capital infusion

'We reorganised the company around digital'

'You have to continuously evolve with technologies'

TGB offers black tea to China's youth

The Tata arm has indentified 3 nations as large tea consuming markets

BMW to focus on premium car market

To introduce class-defining products to lure more people to own world class cars

Raymond buy Ansell's stake in KamaSutra

Textile major Raymond Group has acquired Ansell's 50% stake stake in a joint venture entity known as JK Ansell Pvt. Ltd. for ₹19.3 crore. With this transaction, the sexual wellness and personal care ...

'Trump decision won't hit GES'

Firms' participation based on keenness to invest: U.S. official

Factories Act: Centre firm on amendment

Panel opposed move to 'lift' threshold

Gen Re wants hurdles removed

The reinsurer to focus on bottomline

Use coal while economical, says CEA

'Low tariffs seen in renewables don't include several implicit costs that are so far being subsidised'

Infosys board to consider ₹13,000 cr share buyback on Aug 19

The board of Infosys, India's second largest software services firm, will meet on August 19 to consider a ₹13,000 crore share buyback proposal. The share buyback - which will be the first in the comp...

Sensex gives up gains, but stays positive for third 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.

India's weight in MSCI EM index to rise in coming years: Morgan

India's weight in the MSCI Emerging market index is expected to rise in the coming years and the equity market will attract more foreign fund inflows going ahead, says a Morgan Stanley report.While In...

Growth, inflation to trend higher in next 6—12 months: Nomura

, Economic growth and inflation are expected to trend higher in the next 6-12 months and the Reserve Bank is likely to stay on a prolonged pause, says a Nomura report. According to the Japanese financ...

HDFC Bank cuts savings account interest rate by 0.5%

 Private sector lender HDFC Bank has reduced interest rate on savings bank accounts by 50 basis points to 3.5 % on deposits up to ₹50 lakh.The bank will howver continue to pay 4 % interest on deposits...

Nifty reclaims 9,900-mark, Sensex up 167 points on fund inflows

The benchmark NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday on widespread gains following sustained buying by domestic institutional investors.T...

Air India shows interest in overhauling defence planes

MRO unit's CEO suggests measure under Make in India initiative to save 'a lot of foreign exchange'

SEBI struggles to find Sahara investors

In 5 years, regulator has refunded only ₹85.02 crore, though its mandate was to refund ₹40,000 crore