Stating that he is looking forward to working with talented Infoscions, Vishal Sikka said, "I am honoured to lead Infosys, an iconic company built by pioneers in the technology industry. I look forward to working with and learning from talented Infoscions around the world."
The focus of the meeting will be on enabling businesses and households to avail of the revival framework on the basis of viability, necessary steps like finalising bank policies and identifying borrowers, and discussing issues that require addressing for smooth and speedy implementation.
'The economy is expected to bounce back and things are expected to recover faster than what we previously thought.'
The government has constituted a high-powered committee, headed by Planning Commission Member NK Singh, to set new guidelines for regulating film financing.
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
India Inc has too much on its plate to ensure double digit growth in FY16.
The ED case follows the police complaint for alleged criminal conspiracy and defrauding investors.
The panel is believed to have examined each financial transaction between the Kochhar family and Videocon group, and the suspected trail of properties and assets that the family acquired since Chanda Kochar became ICICI Bank's MD.
The regulator will now call Chanda and ICICI Bank's representatives for a personal hearing as part of adjudication proceedings launched against them.
Deogarh District Deputy Commissioner Amit Kumar, Superintendent of Police P Murugan and two other Health department officials were placed under suspension, hours after 10 devotees were killed in a stampede in the temple town of Baidyanath Dham.
The major beneficiaries of loan recasting will be sub-Rs 500 crore corporate exposures and retail exposures, which were earlier expected to see the highest increase in NPAs in percentage terms.
Banks want lower provisioning burden on recast debt, interest on cash reserve ratio deposits.
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
A corporate lawyer said that this is the biggest failure of corporate governance in this country. He pointed out that American investors can even take the bank to court for giving false statements to stock exchanges and even file class action suits. Some even questioned how RBI overlooked Kochhar's misdeed.
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
Congress Vice President Rahul Gandhi has directed party leaders of five election-bound states to keep candidates with criminal background out.
Justifying the transfer, the CBI pinned the blame on Mishra for keeping the preliminary enquiry pending without any reasons, they said.
Infosys is developing three more projects at Electronics City.
Marking a generational shift in state politics, Union Minister Sachin Pilot was on Monday appointed the Congress chief in Rajasthan where the party faced a rout in Assembly polls.
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
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Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
Rahul is looking to bring new leadership in the state units that can bring in the young generation back into the party fold and revive its sagging image and morale. Renu Mittal reports
Kamat was a Member of Parliament for the Mumbai North West constituency in 2009 and the Mumbai North East constituency in 1984, 1991, 1998 and 2004.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
Banks might hold on to lending rates for the time being.
Former India Test batsman Praveen Amre and ex-Karnataka left-arm spinner Raghuram Bhat have been found to be in Conflict of Interest by the Board of Control for Cricket in India's Ombudsman. However, former India skipper Dilip Vengsarkar was cleared of a similar charge.
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
Selected candidates will get to pursue a fully funded course of their choice at the University of Oxford.
Pavin Rao, a 28-year company veteran, to be second-in-command at Infosys.
According to party insiders, the revamp will be aimed at serving the dual purposes of fixing accountability for the loss and bringing in a new leadership in the run-up to 2014 polls. The demoralised Congress unit desperately needs a new lease of life, if it has to give any competition to the reenergised Bharatiya Janata Party under Narendra Modi.
Mumbai Indians are all set to open the defense of their title against new outfit Rising Pune Supergiants.
The Congress said it will observe 'Save Democracy Day' on Friday with party workers and leaders holding protest marches at all district and state headquarters.
'Making the railways better is a different type of a challenge.'
This has spelt trouble for the mills. Most of them are unable to pay the farmers.
'Judging by the conduct of two governors of Kerala and one governor from Kerala, Congressmen treated Raj Bhavan as a transition point before taking a flight back into active politics.'
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