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Business

Infosys plunges 16% on whistleblower complaint

 IT services firm Infosys on Tuesday plummeted 16 per cent on concerns over a whistleblower complaint which alleges that two of the company's top executives were indulging in unethical practices to increase short-term revenue and profits.


'Brutally unfair' that system can't protect common man's savings, says HDFC chairman Deepak Parekh

Mumbai: Amid the crisis at Punjab & Maharashtra Cooperative Bank (PMC), HDFC chairman said it is "brutally unfair" we have regular loan waivers and corporate loan write-offs but no financial system to protect the common man's savings.

 


LATEST HEADLINES

Cong says LoPs not invited to Putin banquet, takes swipe at Tharoor for accepting invite


Russian drone strike kills 12-year-old boy in Ukraine as peace talks kept under wraps


SC grants bail to man booked under UAPA as chargesheet not filed within stipulated period


Five engineering students killed as car rams into truck in Andhra


No intervention in foundation stone-laying of Babri-style mosque in Murshidabad, says Cal HC


Temple money belongs to deity, cannot be used to save cooperative banks: SC


Adults can be in live-in relationship even without attaining marriageable age: Rajasthan HC


Three militants arrested in Manipur for threatening Sangai festival participants


Karnataka's Bill against Hate Speeches conspiracy against Hindutva activists: Pramod Muthalik


Farmers in Chincholi demand better MSP, accuse sugar factory owners of not fulfilling assurance


Rajasthan High Court receives bomb threat; police swing into action


Annadaneshwara Swami of Neela Manika Mutt passes away at 75




Ambani tops for 12th year in a row, Adani jumps 8 places to second spot: Forbes

New Delhi: The past year has proved challenging for the India's ''wealth creators'' as Forbes' 2019 list of business tycoons saw their total wealth dropping by 8 per cent.

 

Industrial production shrinks by 1.1 pc in August; poorest performance in 7 years

New Delhi: Signs of slowdown became more pronounced as the government data on Friday revealed factory output shrank by 1.1 per cent in August, recording the poorest performance in seven years due to a sharp decline in production of capital goods and consumer durable.

 

Two Indian-origin businessmen makes it to Fortune's '40 Under 40' list

Two Indian-origin persons have been named by American magazine Fortune in its annual list of 40 most influential and inspiring young people in business under the age of 40.

Sensex sinks 642 points as crude oil woes persist

Mumbai: Market benchmark BSE Sensex on Tuesday plummeted 642 points as investors weighed India's fiscal worries due to soaring crude prices in the wake of growing geopolitical tensions in the Middle East.

In 100 days of Modi Govt. 2.0, Rs. 12.5 lakh crore of Investors' wealth wiped out

Investors' wealth worth Rs. 12.5 lakh crore has been wiped out in the first 100 days since the second term of Prime Minister Narendra Modi's government started on May 30. At yesterday's closing, the market capitalisation or market value of companies listed on BSE stood Rs. 1,41,15,316.39 crore as against market capitalisation of Rs. 1,53,62,936.40 crore a day before PM Modi's government came to power.

Alibaba's Jack Ma steps down as industry faces uncertainty

Jack Ma, who founded Alibaba Group, the world's biggest e-commerce company, is stepping down as chairman at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war.

Maruti Suzuki announces 2-day shutdown of Gurugram, Manesar plants

New Delhi: India's biggest carmaker Maruti Suzuki today announced no-production days at Gurugram and Manesar plants on 7th September and 9th September 2019.

Maruti Suzuki terminates 3000 contractual jobs in India

Maruti Suzuki Chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand.

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