Business news

Concrete takeover: Indians beat Arabs in buying London property

Indian buyers took advantage of changes made in 2015 to the Liberalized Remittance Scheme in India that led to a rise in the amount of capital buyers can bring into the UK to $250,000 per person.

Aug 19, 2017

Software services exports lowest in 7 years, protests in Hyderabad against mass IT layoffs

India's software services exports slumped to the lowest in seven years which could blow the current account deficit to the widest since 2013 and add further pressure to the rupee.

Aug 19, 2017

Infosys board clears Rs 13,000-crore share buyback at Rs 1,150 apiece

The tech bellwether expects the buyback to push higher return on equity and serve as an opportunity to put its cash holdings to good use.

Aug 19, 2017

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Is this the real reason Jet Airways asked its pilots to take a salary cut?

Airline officials have now said that Jet Airways may have asked its pilots to take a salary cut after overestimating their pilot requirement and hiring more than necessary.

Aug 19, 2017

The unlikely Infosys: Board outrage drowns out distraction; and, discretion

A post-Sikka Infosys will need room for shareholder activism even if its board feels that co-founder Narayana Murthy has a 'My way or the highway' attitude.

Aug 18, 2017

Vishal Sikka's exit erodes Rs 22,000 crore of Infosys' market value

The company market value dropped to Rs 2.12 lakh crore from Rs 2.34 lakh crore as of Thursday's close.

Aug 18, 2017

Did IndiGo really cancel 84 flights over engine issues? Airline clarifies

IndiGo was forced to ground 13 planes over issues with its Pratt & Whitney engines.

Aug 18, 2017

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Narayana Murthy hits back at Infosys board, says 'extremely anguished by allegations'

It is below my dignity to respond to such baseless insinuations, says Narayana Murthy.

Aug 18, 2017

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Vishal Sikka resigns as Infosys CEO and MD: The signs were there all along

Vishal Sikka, who will now get just $1 as executive vice-chairman of Infosys, might have hinted at his resignation as CEO and MD quite some time ago. Read to know more.

Aug 18, 2017

Murthy 'extremely anguished by allegations, tone and tenor' of Infosys statements

The Bangalore-based IT company has appointed Sikka as executive vice chairman in a newly created position.

Aug 18, 2017

Corporate governance in shambles with Ratan Tata, Narayana Murthy locking horns with their successors

Do the owners/founders have to question every move of their successors when they are running the business just because that they have diligently built the company over many summers?

Aug 18, 2017