Tuesday, Jun 18, 2024 | Last Update : 02:23 AM IST

  Business   Companies  18 Aug 2017

Business, Companies, 18 Aug 2017

Union Bank revises savings bank deposit rates

For deposits above Rs 25 lakh rate has been left unchanged at 4 per cent per annum.

18 Aug 2017 7:43 PM

Savings bank rate cut to up competition for HFCs from banks

HFCs will face a margin contraction in this segment limiting the spreads to absorb all the costs.

18 Aug 2017 7:02 PM

Air traffic grows at 17 per cent

The air traffic data also stated that nearly one lakh passengers were affected due to flight delays.

18 Aug 2017 6:43 PM

Sad to see a 'good CEO' like Vishal Sikka leave: Mohan Reddy

Referring to Murthy, he said that promoters have no locus standi once they leave the company.

18 Aug 2017 5:07 PM

Bring back Nilekani as Infosys chairman, says advisory firm

Nilekani was one of the seven founders that set up Infosys more than three decades ago.

18 Aug 2017 4:54 PM


Trai gets tough on call drops; slaps penalty of upto Rs 10 lakh

Regulator has made measurement of call drop rate more granular from circle level to mobile towers in a circle.

18 Aug 2017 4:45 PM

No change in buyback plans, says Infosys

Share buybacks typically improve earnings per share and return surplus cash to shareholders.

18 Aug 2017 4:27 PM

Murthy 'anguished' by Infosys board allegations, calls them baseless

The Board said Murthy has repeatedly made continuous assaults on Vishal Sikka, leading to his resignation.

18 Aug 2017 3:54 PM

Infosys committed to Vishal Sikka's 'strategic direction'

The board also thanked Sikka for agreeing to stay on board as the Executive Vice Chairman and 'ensuring continuity'.

18 Aug 2017 3:01 PM

Infosys tanks 13 per cent after Sikka quits as CEO

At NSE stock crashed 13.38 per cent to hit its one- year low of Rs 884.20.

18 Aug 2017 2:45 PM


Infosys board claims Narayana Murthy's attacks on Sikka led to his exit

The Board argued that Murthy's 'campaign' has intensified over time.

18 Aug 2017 1:05 PM

'Continuous stream of distractions' forced Sikka to resign as Infosys chief

Sikka, who joined Infosys in August 2014, said these distractions prevented the management's ability to accelerate transformation.

18 Aug 2017 12:35 PM

Can't do my job while constantly defending attacks: Sikka

Sikka has been in the midst of a public tussle between the management and founders.

18 Aug 2017 12:31 PM

Personal attacks behind Vishal Sikka's exit? Read full text of resignation letter

False, baseless allegations had a damaging effect on his ability to carry out a 'transformation', said Sikka in his letter.

18 Aug 2017 11:07 AM

Vishal Sikka puts down his papers as Infosys chief; stocks tank by 7 per cent

U B Pravin Rao has been appointed as the interim MD and CEO of Infosys.

18 Aug 2017 9:39 AM