Business
Infosys CEO Vishal Sikka's Salary Drops 67% in FY17
The remuneration of Sikka for last fiscal remains 283.07 times higher than the median remuneration of employees (MRE) of Infosys. The MRE of Infosys for FY17 stood at Rs 5,65,585.
Sensex Climbs 227 Points on Global Rally in Stocks
The BSE 30-share index surged 227.44 points, or 0.75 per cent, to 30,692.36 points. The gauge had gained 30.13 points in the previous session on Friday.
Rupee Gets Macro Data Lift, up 23 Paise at 64.08
Marking the third day of advance, the rupee started the week on a strong note by rallying 23 paise to 64.08 against the US dollar in early session on Monday, fuelled by positive economic data.
Sensex Extends Record-breaking Run; Autos, Banks Rally
The BSE Sensex continued with its record setting spree to quote at an all-time high of 30,346.69 while the NSE Nifty scaled a new peak of 9,450.65 in opening trade on Thursday on sustained fund inflows, largely driven by forecast of a normal monsoon, amid...
Sensex Scales 30,000-mark in Early Trade
The benchmark Sensex on Tuesday regained the 30,000-mark early on by surging over 76 points after investors built more bets and domestic financial institutions continued buying amid mixed Asian cues.
India to Grow at 7.7% in 2018-19 After Note Ban 'Disruption': IMF
“The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease,” the IMF said.
Norway Wealth Fund Drops BHEL Over Environment Concerns
Norway's sovereign wealth fund has taken Bharat Heavy Electricals (BHEL) out of its investment portfolio due to environmental concerns, the Norwegian central bank said on Friday.
Govt Wants Apple to Consider New Policy For Local Manufacturing
The phased manufacturing programme was proposed by a joint panel of the industry and the government - Fast Track Task Force. The panel set up under the MeitY has set target of 500 million handset production by 2019 and export target of 120 million mobile...
India And Cyprus Sign 4 Agreements Including On Air Services, Merchant Shipping
India and Cyprus on Friday signed four agreements, including on air services and merchant shipping, following delegation-level talks headed by Prime Minister Narendra Modi and Cypriot President Nicos Anastasiades in New Delhi.
Sensex Slips Below 30K as May Series Gets off to Shaky Start
The benchmark Sensex slipped below the 30,000-mark by falling over 82 points to 29,947.53 in early trade on Friday as the May derivatives series began on a sluggish note, tracking a weak trend in global markets.
Infosys CEO Vishal Sikka Takes Home Rs 43 Crore in FY17
Infosys CEO Vishal Sikka, whose pay package was one of the contentions raised by the founders, has drawn USD 6.68 million (about Rs 43 crore) or 61 percent of the promised compensation for the 2016-17 fiscal.
Rupee Gains 30 Paise Against Dollar in Early Session
The rupee made good some of its losses by strengthening 30 paise to 64.37 against the US dollar in early trade today on fresh selling of the American currency by banks and exporters.
India's February Factory Output Down by 1.2 percent
India's factory output dipped by 1.2 percent in February, official data showed on Wednesday.
Tax Evasion of More Than Rs 1.37 cr Detected in Last 3 Years
The Revenue Department on Friday said it has detected evasion of more than Rs 1.37 lakh crore in both direct and indirect taxes and identified over 1,000 shell companies which indulged in bogus transactions worth Rs 13,300 crore in the last three financia...
Public Sector Oil Companies Plan May Review Retail Fuel Prices Everyday
Public sector oil companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum may review fuel prices daily rather than fortnightly, as is the current practice, in order to align them better with international prices.
Piyush Goyal says 'Neighbouring Country'Exporting subsidized Aluminium to India
Goyal said that India produces Alumina in fair measure and could use this raw material for the aluminium needs for the country. But the country exports the raw materi rather than process it here and create value added jobs, which could create wealth and j...