In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
Nasscom's current president Som Mittal's term expires in January. However, Chandrasekhar, expecting to get the necessary approvals from the government soon, will start work from next month to get familiar with the organisation.
This is the highest closing for both the indices since May 15.
In the first secretary-level appointments by the Narendra Modi government, Rakesh Garg was on Sunday named the new telecom secretary while Jugal Kishore Mohapatra is to be secretary in the fertilizers ministry.
HDFC Bank was the top loser in the Sensex pack, falling 2.99 per cent, followed by Adani Ports at 2.87 per cent.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
During her tenure, Facebook's users in the country have grown from 8 million to 138 million, making India its second largest market after the US
In the past two years, Sikka has brought in new measures by putting project managers to pitch how they cut time, saved costs and improved productivity
Bank stocks rose sharply by up to 12 per cent after the government's move to withdraw 500 and 1,000 rupee notes from circulation as part of black money crack down
"We will work out the parameters then we will see as to how mentioning will be done," he said.
If he doesn't, two things are guaranteed: Failure for him, and continued slide for his nation despite its talented people, strong nationalism, the gift of geography and a formidable army, points out Shekhar Gupta.
Coal India fell the most by 2.58 per cent among Sensex scrips, dragging the index into the negative zone.
Long-term funding was a requirement for infrastructure projects, and asset-liability mismatch in the banking system, impacts the access to finance for infrastructure projects. One of the key challenges would, however, be to get private sector back into investing.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
Their plan to build a product portfolio will discourage global software vendors such as Oracle, Microsoft and Fidelity, among others, from building a strategic relationship with these big Indian IT firms, reports Debasis Mohapatra.
Oil and gas sectot may not put up good numbers in Q4.
It may be the season for corporate matchmaking but India Inc's record of managing partnerships is far from impressive, says Shailesh Dobhal.
Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
Profit-booking by participants in view of the domestic markets' recent record-setting run fuelled the downtrend
Hardening its stand against the Central Bureau of Investigation chief Ranjit Sinha, the Aam Aadmi Party on Thursday demanded his immediate sacking from the post, saying he was "unfit" to head the country's premier investigative agency.
India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds.
The bench said it will take up the matter for hearing on Thursday.
It is eyeing the transportation and infrastructure modernisation opportunity in the country, expected to attract $500 billion in investment over the next five years.
Joining the bandwagon of companies slashing mobile Internet tariffs, telecom operator Tata Docomo on Tuesday announced a cut in its 2G and 3G mobile Internet rates by a whopping 90 per cent from 10 paise to 1 paisa per kilobytes from July 1.
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
With the world getting more and more instrumented with smart devices, global enterprises are increasingly looking at undertaking a 'digital transformation' journey to stay ahead in the race. Emerging technologies such as social, mobility, analytics and cloud have given birth to new business opportunities and forcing enterprises to finetune their IT buying decisions -- quite differently from what they used to do.
A bench headed by Justice H L Dattu turned down the plea of CBI which had approached the apex court for cancellation of bail after Chandra was allegedly caught on tape trying to influence A K Singh, the then public prosecutor in the case.
The Sensex has now lost 878.32 points in six sessions -- its longest string of losses in six months.
E-commerce, Rs 1,000 crore (Rs 10 billion) as an advertising category, is expected to bring at least Rs 200 crore (Rs 2 billion) in ad spending next month, when there would be both Dussehra and Diwali.
Authorities clamped strict restrictions in Srinagar and north Kashmir's Sopore town to foil a separatist march on Friday.
The $12 billion plus rising Indian e-commerce business market is witnessing a rush of hiring and may need one lakh people over the next six months, industry experts have said.
M Muneer recommends segmenting the population on the basis of their propensity to embrace new technologies is the key to driving digitisation.
In a development that may raise an alarm in the security establishment, flags of dreaded terror outfit ISIS along with those of Pakistan were today raised in Kashmir after which police promised a thorough probe and legal action against those involved.
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
Vinod Kumar, Tata Communication CEO has amazing business strategies to enhance topline.
Diversified business house Trident Group would become the first corporate to use Aadhaar Payment Bridge (APB) for disbursal of salaries to its employees.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
