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A securities class action lawsuit has also been filed against the company in a US federal court based on the complaints.

Infosys woes: US SEC to probe into whistleblower allegations, Sebi...

In Indian NFRA - which is part of the corporate affairs ministry - has been asked to look into the matter.

24 Oct 2019 8:16 PM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

Govt starts hiring process for National Financial Reporting Authority

There have been legal challenges for the NFRA, set up under the Companies Act, 2013.

24 Oct 2019 7:00 PM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Vodafone Idea shares crumble over 27 pc in intra-day trade after SC...

Vodafone Idea plummeted 23.36 pc to close at Rs 4.33 on the BSE. In intra-day, it tanked 27.43 pc to Rs 4.10 -- its...

24 Oct 2019 5:03 PM IST

Finance Minister Nirmala Sitharaman, while talking to reporters, said states too will have to make efforts in improving the business climate in India, especially with regard to property registration. (Photo: File)

Sitharaman promises further GST simplification to help India improve...

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to...

24 Oct 2019 4:07 PM IST

Top losers in the Sensex pack included Yes Bank, SBI and IndusInd Bank, that cracked up to 5.76 per cent.

Sensex ends marginally lower; Infosys falls over 2 per cent

After gyrating over 486 points, the 30-share Sensex settled 38.44 points, or 0.10 per cent, lower at 39,020.39.

24 Oct 2019 4:01 PM IST

Thomas Cook India Group. (Photo: Twitter)

TCIL has option to buy -"Thomas Cook-" brand: Offical

The collapse of Thomas Cook UK has no impact on the India travel and leisure company.

24 Oct 2019 3:57 PM IST

In the international market also, gold prices were trading higher at USD 1,502 an ounce and silver at USD 17.71 per ounce.

Gold rises Rs 126 on weaker rupee, festive demand

Silver prices also jumped Rs 380 to Rs 46,900 per kilogram from Rs 46,520 per kilogram in the previous trade, according...

24 Oct 2019 3:37 PM IST

October manufacturing PMI data comes in sharp contrast to the robust show by India on World Banks Ease of Doing Business ranking.

Improvement in ease of doing biz ranking outcome of Modi govt's...

Industry bodies exuded confidence that India will climb the rankings further to be among the top 50 nations.

24 Oct 2019 3:18 PM IST

The Supreme Court made it clear that there would no further litigation on the issue and it would fix a time frame for calculation and payment of dues by the telecom companies.

SC allows Centre's plea to recover adjusted gross revenue of Rs 92k cr...

A three-judge bench, headed by Justice Arun Mishra, upheld the definition of adjusted gross revenue formulated by the...

24 Oct 2019 2:24 PM IST

The Maruti Suzuki cars that will see a reduction in prices include Alto 800, Alto K10, Swift Diesel, Celerio, Baleno Diesel, Ignis, Dzire Diesel, Tour S Diesel, Vitara Brezza and S-Cross.

Maruti Q2 net profit drops 39 per cent to Rs 1,391 crore

The company had posted a consolidated net profit of Rs 2,280.2 crore in the same period a year ago.

24 Oct 2019 2:24 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Fitch cuts India's FY20 GDP growth forecast to 5.5 per cent

GDP expansion will pick up to 6.2 per cent in the next financial year (2020-21) and to 6.7 per cent in the year after.

24 Oct 2019 2:20 PM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Crude oil futures gain on domestic demand

On the Multi Commodity Exchange, crude for delivery in November traded higher by Rs 11, 0.28 per cent, at Rs 3,959 per...

24 Oct 2019 1:49 PM IST