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rediff Business

India's largest news and entertainment service online.

Published: Sat, 19 Aug 2017 09:15:03 GMT

Copyright: Copyright: (C) 2011 India Limited. All Rights Reserved.

Infosys announces Rs 13,000 crore share buyback
Infosys has cash in excess of $6.1 billion, which would come down by one-third after the payouts.

Infosys board responsible for the mess
'The meanness of the board statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top company executives to which Narayana Murthy had been repeatedly drawing attention,' says B S Raghavan, the distinguished civil servant.

Govt finally wakes up to data misuse threat
Asks 21 smartphone makers - mostly Chinese - to share security practices. This comes against the backdrop of a military stand-off between India and China in Doklam.

Forex reserves at record high of $393.612 billion
Gold reserves remained unchanged at $19.943 billion.

India Inc profit dips 11% in Q1 on GST destocking
At the sector level, commodity linked sectors (energy, materials and utilities) and industrials reported the strongest revenue growth, while telecom, consumer discretionary saw the most decline in net profits.

Infosys vs Murthy fight gets murkier
Junking Murthy's claims, Infosys said the board did all it could to look into whistle-blower complaints of corporate governance lapses, particularly those related to acquisition of Panaya.

Infosys tanks over 6% on Vishal Sikka's resignation
Infosys COO U B Pravin Rao has been named as the interim-MD and CEO of the firm.

As Sikka resigns, Rs 22,519 crore wiped out from Infosys m-cap
Infosys was the worst performer among the bluechips on both the key indices.

Sensex dives 271 points, Infosys crashes 9.6% as Sikka resigns
Infosys burnt its fingers as the biggest loser -- sinking as much as 9.60 per cent to Rs 923.10 -- after the surprise announcement. Intra-day, it hit a low of Rs 884.40.

How Vishal Sikka transformed Infosys
I started my journey as the CEO of this iconic company with a mission to transform it on the basis of software, especially (artificial intelligence), and innovation, enabled by education. Three years later, I feel proud of our progress and achievements: Vishal Sikka.

Below my dignity to respond to baseless insinuations: Murthy
Murthy said he was anguished by the allegations, tone and tenor of statements made by the Infosys board.

South and West are lovin' it but McDonald's faces test in North and East
McDonald's problems couldn't have surfaced at a worse time. Cut-throat competition, rapid expansion and a slowdown in consumer spending in the wake of demonetisation have seriously dented the overall quick-service restaurant business.

Should Infosys go back to Nandan Nilekani?
Nilekani has kept pace with technology advances, has been instrumental in digitalising the country, and is well-networked with the bureaucracy and global leaders

RBI to issue new fluorescent blue Rs 50 notes
The new note having dimension of 66 mm X 135 mm will bear the year of printing on the reverse side, a Swachh Bharat logo with slogan, language panel and the motif of 'Hampi with Chariot'.

RBI may deliver final rate cut in December: BofA-ML
The imported inflation component is also expected to ebb on lower oil prices and softer US dollar, it said.