Infosys denies promoters selling stake in company

Infosys Ltd denied a media report on Friday that the founders of India’s second-biggest software services exporter were looking to sell their entire 12.75% stake in the company. “Infosys would like clarify reports in the media speculating on plans of stake sale by the promoters. This speculation has already been categorically denied by the promoters,” More...

by Loknath Das | Published 2 months ago
By Loknath Das On Friday, June 9th, 2017
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CCI rejects Airtel’s complaint against RIL, Reliance Jio

Fair trade regulator CCI today rejected Bharti Airtel’s complaint alleging anti-competitive practices by Reliance Industries and Reliance Jio, saying no case could be made out against the Mukesh Ambani-led firms. The More...

By Loknath Das On Friday, June 9th, 2017
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Utility vehicles drive auto sales in May, passenger vehicle sales rise 8.63%

Passenger vehicle sales in India rose by 8.63%in May, mainly driven by strong sales of utility vehicles. According to data released by the Society of Indian Automobile Manufacturers (SIAM), the growth registered More...

By Loknath Das On Thursday, June 8th, 2017
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Toyota-supported flying car hopes to light the Tokyo 2020 Olympic flame

Engineers, supported by Toyota Motor Corp, demonstrated their flying car on Saturday, which they hope will be able to light up the Olympic flame for the opening ceremony of the Tokyo 2020 Summer Games. “Cartivator”, More...

By Loknath Das On Wednesday, June 7th, 2017
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Cash-rich companies are king in the stock market right now

The days of easy money are over.And with the Federal Reserve expected to hike interest rates later this month, equity investors are seeking out companies well-equipped to withstand tighter lending conditions. In More...

By Loknath Das On Friday, June 2nd, 2017
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Reliance Communications gets 7 months to service Rs 45,000-crore debt, to cut burden by 60%

Debt-laden Reliance Communications today said its lenders have agreed to a strategic restructuring plan under which it will get a 7-month standstill to service loans amounting to Rs 45,000 crore. In a damage control More...

By Loknath Das On Friday, June 2nd, 2017
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The Best Energy Companies Didn’t Care Either Way About The Paris Accord

In an age of polarized politics, it’s sometimes hard to remember that a leader who does not share your policies can nevertheless still be right. For example, plenty of people forget amid their distaste of Richard More...

By Loknath Das On Wednesday, May 31st, 2017
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Ohio attorney general sues 5 pharma companies over their role in the opioid epidemic

Ohio Attorney General Mike DeWine is suing five makers of opioid painkillers for their role in the state’s opioid epidemic. The suit, which DeWine said is the second by a U.S. state, after Mississippi, More...

By Loknath Das On Tuesday, May 30th, 2017
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Supreme Court tightens rules on where companies can be sued

The U.S. Supreme Court on Tuesday tightened rules on where injury lawsuits may be filed, handing a victory to corporations by undercutting the ability of plaintiffs to bring claims in friendly courts in a case More...

By Loknath Das On Saturday, May 27th, 2017
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Here are some companies Google’s new AI investment arm might be interested in

Google is launching a new investment arm aimed at artificial intelligence, according to a report in Axios. A source familiar with Google’s plans says the new program will focus on early-stage startups. Where More...