Business
Finalising Modalities of Rs 13,000 Crore Capital Allocation Plan: Infosys
Speaking at the 36th AGM of the company, Chairman R Seshasayee said Infosys is committed to execute the capital allocation policy announced on April 13, 2017 "in a timely manner".
H1-B Visa Row: Infosys Reaches $1-million Settlement With New York State
Infosys has reached a settlement for USD 1 million with the state of New York for "systematically abusing" the H1-B work visa programme, allegations that Infosys has denied.
Rupee Halts 3-day Slide v/s Dollar; up 7 paise at 64.52
The rupee remained under pressure against the US dollar for the third-straight day on Friday, depreciating 7 paise to end at a fresh 3-week low of 64.59 on steady demand of the US currency amid a global oil rout.
Sensex Hits All-time High After SEBI Relaxes Norms on Overseas Investors
The flagship Sensex on Thursday rallied 211 points to hit an all-time high of 31,494, lapping up a series of market-friendly measures taken by the Securities and Exchange Board of India.
Sensex Makes a 136 Point Rebound as Bad Loan Fight Paces up
The BSE Sensex made a strong recovery of 136 points at the start on Thursday on the back of a slew of steps by regulator Sebi to make markets more attractive for investments.
Bank of Maharashtra Put Under RBI 'Corrective Action' Due to Bad Loans
The Reserve Bank of India (RBI) has initiated "prompt corrective action" for state-run Bank of Maharashtra Ltd because of its high level of bad loans, the lender said in a stock exchange filing on Saturday.
Asia Stocks Steady After Wall Street Tech Rout, Dollar Holds Gains
Asian stocks were steady on Friday, appearing to take in stride the resumption of the U.S. technology rout overnight, while the dollar held near a two-week high after solid economic data backed the case for tighter U.S. monetary policy.
Rupee Slips to 64.45 Against Dollar in Opening Trade
The rupee on Tuesday saw a subdued start with a loss of just one paise at 64.45 against the US dollar. Strength in the dollar against other currencies overseas made the rupee keep a low profile.
Rupee Gets UK Poll blues, Sheds 15 Paise Against Dollar
Dealers attributed the rupee's fall to fresh demand for the US currency and a lower opening in domestic stocks, too.
Infosys Shares Fall on Media Report of Stake Sale by Founders
Shares in Infosys Ltd fell as much as 3.5 percent to their lowest in over a month on Friday after a newspaper reported the company's founders were planning to sell their stakes, citing people familiar with the development.
S&P cuts Qatar's credit rating one notch to AA-
S&P Global Ratings on Wednesday cut Qatar's credit rating by one notch AA- and put it on watch for further downgrades after six Gulf partners severed ties.
Demonetisation Didn’t Impact Growth, says RBI
Demonetisation has not led to lower economic growth, the Reserve Bank of India said on Wednesday while citing “surprises” like dip in inflation as well as GDP growth for maintaining status quo on policy rates.
Gas-rich Qatar's Dispute With Arab States Pushes Up Oil Prices
The rift did not immediately affect tanker shipments, but benchmark Brent crude futures prices rose around 1 percent to over $50 per barrel.
India's Slower GDP a Nasty Surprise, Self-goal, Says Chinese Media
Calling it a "self-goal" by the government of Prime Minister Narendra Modi, Global Times hoped India will not score any more "own goals" in the future as it continues with its reform efforts
Adani Strikes Deal on Royalties Payments With Queensland Govt
The future of the so called biggest mine in the world and largest in Australia was put on hold recently after the state cabinet's split on the royalties payment.
40 Crore Informal Sector Workers to Get Social Security
Labour Minister Bandaru Dattatreya today said that 40 crore workers from unorganised sector will be covered under social security schemes such as Em`+irs were organised in 2016-17.
