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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.

SEC investigates India's Infosys on whistleblower complaints

Securities and Exchange Board of India, had also requested additional information from the company concerning the...

24 Oct 2019 9:37 AM IST

Commerce and Industry Minister Piyush Goyal.

India's open FDI policy offers conducive environment for Swedish...

Goyal also invited all companies to come forth with new and innovative technologies for the India Railways.

24 Oct 2019 8:53 AM IST

At present, to obtain a fuel retailing license in India, a company needs to invest Rs 2,000 crore in either hydrocarbon exploration and production, refining, pipelines or liquefied natural gas (LNG) terminals.

Govt eases rules for setting up petrol pumps, allows non-oil cos in...

Companies with a net worth of Rs 250 crore will be allowed to sell petrol and diesel.

24 Oct 2019 8:44 AM IST

The merger would include the allotment of 4G services at 2016 prices to the two companies with the costs borne entirely by the Central government.

Ailing BSNL, MTNL to merge

The Modi administration's aim is to leverage the spectrum allotment to make BSNL and MTNL compete more effectively in...

24 Oct 2019 2:51 AM IST

After remaining locked down for around two months, on October 10 the government had opened Kashmir for tourists. But the uncertainties still continue, finds the trade.

Season is a wash-out for Kashmir tourism

After remaining locked down for around two months, on October 10 the government had opened Kashmir for tourists.

24 Oct 2019 1:42 AM IST

The Federation of Auto-mobile Dealers Association or FADA on Wednesday issued a legal notice to premium Delhi-based bike maker UM Lohia Two Wheelers (UM Lohia), alleging fraud that caused a loss of Rs 150 crore to 80 dealers across the country in setting up the infrastructure.

FADA to sue UM Lohia for closing operations

The dealers were not able to sell once the deadline was crossed and the company allegedly refused to take back the...

24 Oct 2019 1:41 AM IST

India has a share of four per cent in the global seed market. The Indian seed market had a value of $3.6 billion in 2017, exhibiting a compounded annual growth rate (CAGR) of about 17 per cent during 2010-2017.

Tap seeds used in tribal, hilly areas: Study

The Indian seed market is dominated by maize, cotton, paddy, wheat, sorghum, sunflower and millets.

24 Oct 2019 1:38 AM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Domestic cues point to volatility

Global markets haven't been supportive while the domestic cues are pointing to volatility.

24 Oct 2019 1:35 AM IST

These batches are now back on the retail shelves in that country. Meanwhile, Dr Reddys Laboratories have recalled all its ranitidine medications in the US.

Strides' ranitidine gets Oz nod

On 13 September, the US FDA had issued a safety alert citing traces of NDMA in ranitidine.

24 Oct 2019 1:31 AM IST

ITC Fabelle truffles come at a record Rs 1 lakh

Luxury chocolate brand from ITC has entered the Guinness Book of World Records.

24 Oct 2019 1:24 AM IST

Mr Sikka was something of a poster boy for IT when he joined Infosys after 12 years with the Germany-based global leader in enterprise software SAP.

Infosys in mess over disclosure

Stock exchange BSE has sought clarifications from Infosys, for which the reply was awaited at the press time.

24 Oct 2019 1:09 AM IST

Lemon Tree Hotels chairman and managing director Patanjali Keswani. (Photo: File)

Lemon Tree Hotels plans to have 107 hotels by 2021

Lemon Tree Hotels boasts of maintaining a room occupancy rate of around 77 per cent against a national average of nearly...

23 Oct 2019 7:35 PM IST