Business news

Is Nandan Nilekani's comeback to Infosys imminent?

Nilekani's return to Infosys gave a positive indication to market, as shares of the company registered a spike of 2.4 percent on Wednesday afternoon.

Aug 23, 2017

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After SBI merger, Modi govt now gives in-principle nod to consolidate public sector banks

With this approval, the Narendra Modi government plans to consolidate 21 public sector banks (PSBs). The details of the mergers are yet to be announced.

Aug 23, 2017

India grants Pfizer patent on pneumonia vaccine in blow to aid group

The decision by India's patent office bars other companies from making cheaper copies of the vaccine and allows Pfizer to exclusively sell it in India until 2026.

Aug 23, 2017

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After Vishal Sikka's exit, here's what interim CEO UB Pravin Rao told Infosys staff [FULL TEXT]

Interim CEO UB Pravin Rao sent an email to the employees of Bengaluru-based Infosys and said that while Vishal Sikka had moved on, the show at the firm must go on.

Aug 23, 2017

AM Naik bids farewell to L&T; you can't imagine the amount he will take home as leave encashment

While AM Naik will not be at the helm of operations anymore, he will still address the company's annual general meetings for three more years through a non-executive role.

Aug 23, 2017

Tata Motors will look to turn around India ops, focus on CV segment

Says company's performance suffered due to sub-optimal execution and market misses, expects business environment to stay dynamic and unpredictable.

Aug 22, 2017

Reliance-BP combine to invest in power storage business

Reliance and BP in June extended their partnership to explore new prospects in clean energy besides focusing on conventional fuels.

Aug 22, 2017

Mohandas Pai favours Narayana Murthy again, Vishal Sikka trying to cover up 'bad performance'

Infosys' former chief financial officer TV Mohandas Pai has spoken out in favour of Murthy and said that Sikka has been blaming the co-founder and his interference as a cover up for his "bad performance."

Aug 22, 2017

Infosys meltdown: This is how much Murthy, Nilekani and other promoters lost

In absolute terms, the software service exporter has lost Rs 33,914.71 crore of its market capitalisation as of Monday's closing, after sell-off was triggered Friday morning

Aug 22, 2017

SEBI says watching Infosys share price after freefall

Global brokerage Nomura downgrades Infosys stock to "reduce" from "neutral" and slashed target price to Rs 875 from Rs 1,000 earlier.

Aug 22, 2017

Infosys ex-board member writes open letter to Narayana Murthy for blowing tech giant's morale

'How can Infosys find a worthwhile replacement for Vishal Sikka with Murthy sniping at the wings,' ex-board member asked Murthy.

Aug 22, 2017

Shell companies: 100 brokerages under regulator's scanner

The crackdown on shell companies is a part of clean-up campaign against black money started by the central government.

Aug 22, 2017

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Business news

Is Nandan Nilekani's comeback to Infosys imminent?

After SBI merger, Modi govt now gives in-principle nod to consolidate public sector banks

India grants Pfizer patent on pneumonia vaccine in blow to aid group

After Vishal Sikka's exit, here's what interim CEO UB Pravin Rao told Infosys staff [FULL TEXT]

AM Naik bids farewell to L&T; you can't imagine the amount he will take home as leave encashment

Tata Motors will look to turn around India ops, focus on CV segment

Reliance-BP combine to invest in power storage business

Mohandas Pai favours Narayana Murthy again, Vishal Sikka trying to cover up 'bad performance'

Infosys meltdown: This is how much Murthy, Nilekani and other promoters lost

SEBI says watching Infosys share price after freefall

Infosys ex-board member writes open letter to Narayana Murthy for blowing tech giant's morale

Shell companies: 100 brokerages under regulator's scanner

Sri Sri Ravi Shankar to open 1,000 retail stores to compete with Patanjali

Will Vishal Sikka's exit derail Infosys' plans of hiring in US?

Coal India and employees union hit stalemate on salary hike as workers demand 21% raise