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  Business   Companies  19 Aug 2017

Business, Companies, 19 Aug 2017

GST site crashes, sends thousands of traders into disarray

Report says the site said: 'Services will not be available from 2 pm to 2.45 pm on Aug 19'.

19 Aug 2017 6:49 PM

Infosys faces probe for alleged violation of US' securities law

Development comes a day after IT major saw its CEO Vishal Sikka resign citing slander by founders.

19 Aug 2017 5:46 PM

IOC, Odisha strike deal on tax incentives for Paradip refinery

VAT collected and not paid in 2015-16, 2016-17 and 2017 -18 will be deposited by IOC immediately.

19 Aug 2017 4:26 PM

Sikka's exit makes hunt for new Infosys CEO a tough job

Company's last CEO search in 2014 was a major challenge that ended after Sikka's name cropped up.

19 Aug 2017 3:32 PM

NPA resolution not to liquidate cos, but to help save them: Jaitley

Gross NPAs have crossed 9.6 per cent as of March 2017 while stressed loans ratio is over 12 per cent.

19 Aug 2017 1:48 PM


Jet Airways to hold annual general meeting on Sep 11

Shares of Jet Airways declined nearly 2 per cent to close at Rs 579.95 on the BSE.

19 Aug 2017 12:53 PM

ICICI Bank cut interest rate on savings account by 0.5 per cent

The interest rate on savings bank accounts with deposits of Rs 50 lakh and above remains unchanged.

19 Aug 2017 12:41 PM

SBI collects Rs 235 crore in minimum balance fine in June qtr: RTI

The country's top bank has not revealed the categories of accounts on which the fine has been levied.

19 Aug 2017 12:35 PM

Nestle partners Amazon for new range of Maggi noodles

The new range Nutri Licious will be available to consumers first on Amazon starting August 20, 2017.

19 Aug 2017 12:27 PM

Infosys clears Rs 13,000-cr share buyback plan even after Sikka quits

Report says IT giant will buy 11.3 crore shares, or 4.92 per cent equity, at Rs 1,150 each.

19 Aug 2017 11:58 AM


Sikka misses home, says have been away far too long

Back in 2014, Sikka had overtaken S D Shibulal to become Infosys' first non-founder CEO.

19 Aug 2017 10:58 AM

Sikka quits Infosys: Twitteratis have field day with digs and puns

RPG's Harsh Goenka tweets: 'Post demonetisation, old 'sikkas' not working. 'Vishal' change in #Infosys'.

19 Aug 2017 10:32 AM

Infosys CEO Vishal Sikka steps down over ‘negativity’

Sikka will become executive vice- chairman for an annual salary of $1 to help find new MD and CEO latest by March 31, 2018.

19 Aug 2017 1:06 AM

Chosen CEO falls from the grace

After the exit of sikka, the moot question is which way infosys will take — murthy’s ethical way or sikka’s pragmatic route.

19 Aug 2017 12:46 AM

Murthy’s public criticism was immature, say experts

He said Mr Murthy, being a credible voice in the industry, could have acted in a more matured manner.

19 Aug 2017 12:43 AM


Vishal Sikka quits, blames NRN

Board backs Sikka, rejects Murthy’s accusations, won’t offer him any formal role.

19 Aug 2017 12:40 AM