Business, 24th Aug 2017, News & Stories from India

Tuesday, Apr 30, 2024 | Last Update : 06:37 PM IST

Business 24 Aug 2017

Business, 24 Aug 2017

Nilekani's return to Infosys follows the resignation of chairman R Seshasayee, co-chairman Ravi Venkatesan and executive vice-chairman Vishal Sikka. (Photo: Facebook)

Infosys co-founder Nandan Nilekani returns as Chairman of board

The latest development comes amid a high-profile corporate drama that ensued after Vishal Sikka resigned as CEO.

24 Aug 2017 8:37 PM

Infosys Board blamed Narayana Murthy's "continuous assault" as the primary reason for CEO Vishal Sikka quitting the company.

Ex-Infosys staff slam board, demand withdrawal of statement against Murthy

The Infosys board had defended outgoing CEO Vishal Sikka and blamed Narayana Murthy for his resignation.

24 Aug 2017 8:28 PM

CPRL Vikram Bakshi on Thursday said he will challenge termination of franchise licence by McDonalds.

VIkram Bakshi to challenge McDonald's termination of license

Bakshi also said he would move court if the licence is given to another entity, claiming CPRL has the existing licence.

24 Aug 2017 8:07 PM

EPFO will go paperless by August next year as part of Digital India initiative.

EPFO to go digital by August 2018, PF services a click away

This will be a big boom for the formal sector workers as well as their employers.

24 Aug 2017 7:54 PM

Government's move to address problem of NPAs will help resume lending to the crippled steel sector, said a report by SBI Research.

Addressing NPA problem to help resume lending to steep sector: Report

Essar Steel, Bhushan Steel, Monnet Ispat, Electrosteel Steel and JSPL -- are seen to have the maximum NPA problems.

24 Aug 2017 7:45 PM

Air India has put up for sale as many as 27 flats across the country as part of its snail-paced asset monetisation plan.

Air India posts key properties for sale, aims to mop up Rs 500 crore

This asset monetisation plan comes in the light of the Cabinet's in-principle approval for Air India's divestment.

24 Aug 2017 7:25 PM

Law and IT Minister Ravi Shankar Prasad said that the government expects recommendations of data protection committee to come by the end of 2017. Photo: ANI/Twitter

Panel to submit report on data protection by year-end: IT Minister

The government may frame a separate law, if required, or introduce regulations under IT Act for data privacy.

24 Aug 2017 6:39 PM

Bank officers' union AIBOC has condemned government's move of setting up Alternative mechanism to oversee bank mergers. Photo: PTI/ Representational

Bank Union opposes Alternative Mechanism, says it may wreck banks

Union Cabinet on Wednesday said an Alternative mechanism will be set up to oversee consolidation of banks.

24 Aug 2017 6:23 PM

BSE Brokers Forum on Thursday said it will await direction from the stock exchange on mandatory implementation of Aadhaar for capital market transactions.

Brokers Forum awaits BSE's call on Aadhaar for market transactions

BSE recently asked trading members to report preparedness for furnishing Aadhaar details of their clients.

24 Aug 2017 6:00 PM

Tata Motors is still looking for partnership with other global automobile companies for its new advanced modular platform.

Tata Motors open to partnership for AMP platform: Butschek

Tata Motors' motive behind seeking a partner for AMP is to share the platform to bring volume and create economies of scale.

24 Aug 2017 5:46 PM

Shares of Tata Global Beverages Ltd (TGBL) ended at Rs 194.30 apiece, down 1.20 per cent, on the BSE. (Photo: PTI)

LIC trims stake in Tata Global Beverages to 5.67 pc

LIC sold 1.28 crore shares representing 2.03 per cent stake of TGBL in open market between July 4 and Aug 23.

24 Aug 2017 5:09 PM

LIC sells off 2.03 per cent stake in Tata Global beverages

Life Insurance Corporation (LIC) has reduced its shareholding in FMCG firm Tata Global Beverages Ltd (TGBL) to 5.67 per cent.

24 Aug 2017 5:08 PM

Nandan Nilekani, India's UID man, was CEO and MD at Infosys from 2002-2007. Reports say he is coming back at the helm. (Photo: PTI)

Infosys founders plotting coup to recapture helm: report

Nandan Nilekani, former CEO and MD, is reportedly coming back at helm to captain the ship in turmoil.

24 Aug 2017 5:00 PM

Top management jobs with over 16 years of experience fell by 1 per cent in the same time period.

Online hiring activity sees 2 per cent growth in July: Naukri

Key industries like banking/financial services, insurance and automobiles also saw a growth of 7 per cent.

24 Aug 2017 4:30 PM

The Commerce and Industry Ministry will soon release the next edition of its consolidated FDI policy document.

Commerce Ministry to release next consolidated edition of FDI policy soon

The whole exercise is aimed at providing investor friendly climate to foreign players and in turn boost economic growth.

24 Aug 2017 4:24 PM

NSE Nifty to closed higher 4.55 points, or 0.05 per cent, at 9,857.05.

Sensex adds to gains in cautious trade, Infosys rallies

Sensex gained 28.05 points to close at 31,596.06 after shuttling between 31,678.19 and 31,546.05.

24 Aug 2017 4:16 PM

The commerce ministry will work with IT firm Intellect Design Arena Ltd to make Government e-Market (GeM) portal more dynamic. Photo: GeM website

Commerce Ministry to upgrade GeM portal in 6 months

Use of government's e-marketplace by central and state departments would also help save taxpayers' money.

24 Aug 2017 4:14 PM

Rajiv Bansal is the Air India CMD. Photo: ONGC website

Rajiv Bansal takes charge as new Air India CMD

Bansal replaces Ashwani Lohani, who has assumed office as Railway Board Chairman.

24 Aug 2017 3:58 PM

Uber launched UPI based payments for its customers.

Uber riders can now pay for trips using UPI

Uber launched United Payments Corporation based payments that will enable customers to pay directly from their bank accounts.

24 Aug 2017 3:46 PM

The service will be operational at the airports in Kolkata, Chennai, Bhubaneswar and Pune in the next couple of weeks.

Uber partners with AAI to provide rides from four airports

Uber will set up booking zones at airports where even those who do not have app will be able to book a ride.

24 Aug 2017 3:32 PM

1 of 2

Columns

Aakar Patel