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Infosys (File|Reuters)
Infosys' settlement move with SEBI fine: Former CFO Mohandas Pai

The Infosys' move to settle with SEBI the alleged disclosure lapses involving a severance pact is "perfectly fine", the company's former chief financial officer , T V Mohandas Pai, said today.

10 Dec 2017

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Pay hikes may get fatter in 2018 after trimming of jobs in 2017

As per estimates, just about 20 per cent firms have made workforce additions in 2017, though a majority of 60 per cent managed to retain their staff strength unchanged without any major layoffs.

10 Dec 2017

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Oppo gets green nod to set up manufacturing unit in Noida

Chinese smartphone maker Oppo has been given green clearance to set up a mobile manufacturing unit in Greater Noida at a cost of Rs 2,200 crore, a senior government official said.

10 Dec 2017

Former Chief Financial Officer of Infosys, V Balakrishnan (File | PTI)
‘Infosys Board needs to be reconstituted’

Balakrishnan, a known Murthy supporter, also raised the issue, stating that the earlier communication by the firm to stock exchanges blaming Murthy for the board’s lapses was ‘unprecedented’.

10 Dec 2017

TVS Motor Company heats up competition introducing Apache RR 310

With the launch of the Apache RR 310 this week, TVS Motor Company has thrown the kitchen sink at competitors, in a segment virtually dominated by a single player - Royal Enfield.

10 Dec 2017

Borrowing Nabard’s concept, IDBI is now lending to Farmers Producing Organisation
‘Value-chain financing will help agri sector’

The dynamics of agri lending is also changing due to the government’s thrust on improving productivity and doubling farmer’s income.

10 Dec 2017

State Bank of India logo seen at a branch office. For representational purpose.
Post-merger, State Bank of India changes names, IFSC codes of around 1,300 branches

The country's largest lender has changed the names and IFSC codes of branches located in major cities such as Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Kolkata and Lucknow, among others.

09 Dec 2017

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Government hints at reviewing rates in top GST bracket

After slashing the GST rates of over 200 items last month, the government today hinted at reviewing levies on the items in the top 28 per cent tax bracket.

09 Dec 2017

Finance Minister Arun Jaitley (File | PTI)
Indian economy set for higher growth trajectory: Arun Jaitley

Union Finance Minister Arun Jaitley said that the NDA government would now focus on large- scale investment in the infrastructure sector and rural areas.

09 Dec 2017

Union minister Dharmendra Pradhan (Photo | Reuters)
Dharmendra Pradhan asks oil marketing companies to speed up rollout of piped gas in North East

Dharmendra Pradhan has asked the oil marketing firms to speed up expansion of city gas distribution network and provide compressed and piped natural gas connections in the North East.

09 Dec 2017

Image used for representational purpose. (File photo | Reuters)
Direct tax collections rise 14 per cent to Rs 4.8 lakh crore in April-November

According to Central Board of Direct Taxes, the net direct tax collections represent 49 per cent of the total Budget Estimates of direct taxes for 2017-18.

09 Dec 2017

The IMF team will share a report of its assessment with Pakistan officials on Monday. (Photo | Reuters)
Pakistan agrees to depreciate rupee after IMF talks

The Pakistan and IMF delegations concluded the first round of discussions on Friday and took a two-day break to prepare for the policy-level wrap-up by December 13-14.

09 Dec 2017

Bitcoins are seen in this illustration picture. (Photo | Reuters)
North Korea-based groups hacking into Bitcoin exchanges: Report

Security researchers claim that North Korea-based advanced persistent threat groups are increasingly attacking financial institutions and Bitcoin exchanges.

09 Dec 2017

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India’s export of software services rise by 10.3 per cent in 2016-17

The annual survey indicated that USA and Canada remained the top destinations of India’s export of software services, followed by Europe in which UK accounted for nearly half of the total exports.

09 Dec 2017

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Goa miners demand lower duty on high-grade ore, exports tumble

The mining industry in Goa has asked the Union government to lower the export duty on high grade ore stating that iron ore exports from Goa are falling.

09 Dec 2017

Image used for representational purpose. (File photo | Reuters)
Government to soon unveil policy on methanol blending in petrol

Nitin Gadkari today said the government will be soon announcing a policy which calls for 15 per cent blending of methanol in petrol to make it cheaper and also reduce pollution.

09 Dec 2017

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India not out of the woods, economically, reveals Q2 GDP data

With growth rebound inching up to 6.3%, the latest data does not paint a promising picture — even the worst quarter after 2008 recession took India to a low of only 6.9%.

09 Dec 2017

Nitin Gadkari (File photo | PTI
24 companies to invest Rs 60,000 crore in JNPT SEZ: Nitin Gadkari

Prime Minister Narendra Modi had laid the foundation for the facility months after being sworn-in in May 2014 and the government was targeting to create 1.50 lakh jobs in the facility.

09 Dec 2017

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Syndicate Bank cuts MCLR by 0.05 per cent for select tenors

The Bengaluru-headquartered lender has cut the overnight, 1-month and 3-month MCLR by 0.05 per cent each to 7.95, 8 and 8.05 per cent.

09 Dec 2017

Finance Minister Arun Jaitley | PTI
No legislation enforced to tackle stress of financial institutions: Arun Jaitley

Union Finance Minister Arun Jaitley said if the gap is left vacant; the lack of suitable protection to depositors’ money will also be affected.  

09 Dec 2017

Justice Dipak Misra (PTI)
Need institutional arbitration system to get investment: Chief Justice of India

Justice Misra stressed that the country needs to adjust without surrendering "our conceptual sovereignty".

09 Dec 2017