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Adani Group chairman Gautam Adani. (File | Reuters)
Congress demands SC-monitored CBI probe into alleged scam by Adani Group

Ajay Maken said the Congress-led UPA government had initiated a probe into alleged over-invoicing on import of electrical equipment by a subsidiary of the Adani Enterprises in the power sector.

36 minutes ago

Maggi (File)
Nestle partners Amazon for new range of Maggi noodles

The new range Nutri Licious will be available to consumers first on Amazon starting August 20, 2017.

48 minutes ago

Infosys Executive Vice Chairman Former CEO Vishal Sikka addressing through a video-link from California as Co-Chairman Ravi Venkatesan looks on during a press conference to announce the new interim CEO at the company's headquarters in Bengaluru on Friday. |PTI
'Vishal' shake up at Infosys; Sikka logs out as CEO

Vishal Sikka, the first non-founder CEO of Infosys, today resigned from the company following months of acrimony with high-profile founders, led by NR Narayana Murthy.

1 hour ago

Image used for representational purpose
Flood bill of approx Rs 150 crore for railways in 7 days: Ministry

The loss of revenue, officials say, is mostly because of major cancellations of trains in these two zones primarily due to submerging of tracks.

1 hour ago

People walking on the flooded railway tracks at Jokhalabandha in Nagaon district of Assam on Monday. | PTI
Northeast floods: 80 crore loss to railways as 800 trains cancelled

Railway Board Member Traffic Md Jamshed said tracks in parts of northeast are under water and entry to Northeast Frontier Railway is stopped.

1 hour ago

An advertisement of Steel Authority of India Ltd. (SAIL) at a street in New Delhi. (File | Reuters)
Product differentiation key to meet competition: SAIL Chairman

SAIL chairman P K Singh said that Rourkela has one of the best workforces in the industry where the ramping up after modernisation was achieved in one of the shortest times.

1 hour ago

Vishal Sikka | Reuters
Promoters have no say after leaving: Former Nasscom chairman Mohan Reddy on Vishal Sikka's exit

Reddy said, it's very sad to see a good CEO leaving a great company for avoidable reasons. The promoters have no right to interfere or have say in the matter once they leave the company.

2 hours ago

Infosys (File|Reuters)
Infosys says Murthy's charges 'completely untenable'

The comments came after Murthy said several shareholders had told him that an "impartial and objective investigation" does not happen in the manner in which Infosys' probe was conducted.

3 hours ago

Nandan Nilekani (Photo |PTI)
Bring back Nandan Nilekani as Infosys chairman, says advisory firm

The Institutional Investor Advisory Services said the Infosys board has been "unable to protect its CEO" and to select a successor it must begin by "reinventing itself".

3 hours ago

(Left) Infosys CEO Vishal Sikka. (Right) Infosys co-founder Narayana Murthy. (Photos | PTI file photo)
Infosys board at fault, haven't said anything about Vishal Sikka's work: Narayana Murthy after CEO's resignation

Infosys co-founder NR Narayana Murthy said he is not seeking "any money, position for children, or power", while expressing anguish over the board's allegations.

4 hours ago

Infosys co-founder Narayana Murthy.
Upset by Infosys board's charges, will respond at right time: NR Narayana Murthy

Murthy said his concern primarily was the "deteriorating standard" of corporate governance at Infosys.

4 hours ago

A sign board in the Infosys campus at the Electronics City IT district in Bengaluru (File Photo | Reuters)
No change in equity shares buyback plans, says Infosys after CEO Vishal Sikka's exit

The board of the embattled company - which saw its CEO Vishal Sikka step down today amid founders alleging corporate governance lapses - is scheduled to meet tomorrow to consider the buyback proposal.

4 hours ago

UB Pravin Rao. (Photo | Infosys)
Pravin Rao to be interim Infosys CEO, MD post-Vishal Sikka's exit; here are seven points about him

UB Pravin Rao has been appointed as the interim Managing Director and Chief Executive Officer of Infosys, post CEO and MD Vishal Sikka's resignation today.

4 hours ago

BSE benchmark Sensex fell nearly 208 points and Infosys tanked over 7 per cent in early trade after Vishal Sikka resigned as MD and CEO with immediate effect. (Reuters file image used for representational purpose)
Sensex dives 271 points, Infosys crashes 9.6 per cent as CEO Vishal Sikka resigns

Vishal Sikka's resignation as Infosys CEO today dealt a big blow to stock indices as the Sensex plunged 271 points while the Nifty managed to end above 9,800.

5 hours ago

Photo Courtesy: shop.lenovo.com
China's Lenovo warns of cost challenges as it sinks to Q1 loss

Chinese personal computer maker Lenovo Group Ltd posted its first quarterly loss in almost two years on Friday.

5 hours ago

(Left) Infosys CEO Vishal Sikka. (Right) Infosys co-founder Narayana Murthy. (Photos | PTI file photo)
Infosys board issues point-to-point rebuttal in press release to co-founder Narayana Murthy, backs CEO Vishal Sikka

The Infosys board is backing outgoing CEO Vishal Sikka as he exited today after months of receiving sniper fire from the company’s co-founders N R Narayana Murthy and Nandan Nilekani.

6 hours ago

Infosys (File|Reuters)
Infosys shares tank by 13 per cent, mcap loses Rs 24,839 crore after CEO Vishal Sikka resigns

The stock was the worst performer among the bluechips on both the key indices today, after Vishal Sikka, the first non-founder CEO of the company, resigned.  

6 hours ago

An IndiGo Airlines aircraft prepares to land as a man paddles his cycle rickshaw in Ahmedabad. (Reuters)
IndiGo grounds eight planes amid reports of engine problems

Local media reported that 13 planes had been grounded, and that IndiGo was forced to cancel 84 flights. IndiGo, owned by InterGlobe Aviation, said only eight had been grounded and did not say why.

7 hours ago

Infosys co-founder NR Narayana Murthy | Express File Photo
Infosys board squarely blames Narayana Murthy for Vishal Sikka’s exit

This is the first time that the board has openly lashed out against Narayana Murthy ever since he began his critique against Sikka and the management.

8 hours ago

Vishal Sikka. (PTI File Photo)
Vishal Sikka was a far-thinking transformer; how well do you know him? Here's a 10-point cheat-sheet

Vishal Sikka, the CEO of Infosys Ltd, India's second largest software services player, has cited continuous disruptions and distractions, increasingly personal and negative, as reasons for his exit.

8 hours ago

Infosys CEO Vishal Sikka during a press conference to announce the first quarter results of the company at its headquarters in Bengaluru on Friday. | PTI
Vishal Sikka forced out; How to bring down an outsider CEO in 11 steps

Vishal Sikka put in his papers on Friday, bringing to a close a stormy six-month period during which he fended off criticism by several of the company’s co-founders.

9 hours ago