The company said the committee, headed by independent director D Sundaram and assisted by independent legal counsel Shardul Amarchand Mangaldas & Co, and PricewaterhouseCoopers, found that the "allegations are substantially without merit".
'He needed to speak to the women he wrote about. You can't just write your version of the honest truth in a relationship. Two people are involved and they both need to be aware of what will be put out in public.' Asha Parekh on Nawazuddin Siddiqui's memoir, An Ordinary Life.
From B-town beauties to entrepreneurs, everyone seems to be in awe of Abu Jani and Sandeep Khosla.
BigBasket co-founder Abhinay Choudhari has exited the company, and in his next entrepreneurial journey, he is looking to "solve another equally painful chore for many Indian households" after grocery shopping. The Tata group acquired a majority stake in the online grocery store in May. And when the deal happened, Choudhari decided he won't continue to be part of the management team.
While there were Rs 7.01 trillion worth of new assets in December 2019, this fell 88.6 per cent to Rs 80,000 crore for the three months ending December 2020, shows data from project tracker Centre for Monitoring Indian Economy (CMIE), reports Sachin P Mampatta.
Raipur's Nami Rai didn't let marriage or lack of sporting facilities affect her love for fitness.
Parekh said that liquidity might be under pressure during the current period and October, but would ease by November.
The list includes 1,195 Indians with funds totalling $4.1 billion.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'Diwali will be meaningful only when we eradicate the darkness in our hearts.'
Among Hindi cinema's leading men of the last century, Sunil Dutt, who passed away 16 years ago on May 25, did not hesitate in doing women-oriented films which addressed the issues of their upliftment, empowerment and equality.
BJP had attacked previous UPA govt over policy paralysis.
It's a family outing for these film folk.
In a bull-case scenario it sees the Sensex at 61,000 levels, while it's bear case scenario pegs the Sensex at 41,000 levels by December 2021.
Be it scenic Kashmir or majestic Swiss Alps, Bollywood's trendsetting winter wear is the A to Z of style and snug. Sukanya Verma looks at its winter fashion over the years.
Sonam Kapoor screens her new film for family and friends.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
These four entrepreneurs are motivated by a passion to make a difference in the society.
IT firms Infosys and Mphasis on Tuesday said they will create employment for about 2,000 people, while Wipro will invest pound 16 million (about Rs 163 crore) in the UK over the next few years. The announcements were made ahead of the virtual summit between UK Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday. Infosys said it plans to hire 1,000 workers in the UK over the next three years as part of efforts to support the country's economic recovery and growth.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Telecom Secretary R Chandrashekhar on Thursday said 100 per cent foreign direct investment (FDI) in telecom would not be possible before the 2G auction.
Other losers were Tata Motors, Bharti Airtel, HCL Tech and Bajaj Finance, shedding up to 3.51 per cent. The broader NSE Nifty too tumbled 73.50 points, or 0.63 per cent, to settle at 11,588.35.
According to reports, an anonymous group that calls itself "ethical employees" have written to the Infosys Board as well as American regulator US Securities and Exchange Commission with the allegations. They have claimed that they have emails and voice recordings to substantiate the same.
"The Board in its meeting... has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined," the company said in the regulatory filing.
SBI Capital, Axis Capital, GMR Holdings, United Breweries, Alpic Finance (a Cipla group unit), Saradha Realty, United Bank of India and Trident India are among the prominent entities named in the list.
Fardeen Khan hasn't been seen in these parts for a long time.
Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.
The book, 'India Can', has received praises from top business leaders including Deepak Parekh and Nandan Nilekani.
Telly folk step out for a glamorous night.
'Both Vidya Balan and Kangana Ranaut are very talented Bollywood actresses. But while one brings positivity and sunshine on the sets, the other brings gloom and anxiety whenever she appears.'
The tax portal problem is a goof-up by both sides, and making Infosys the only villain in the story is quite unfair, argues Shyamal Majumdar.
Lawyers say compensation may be an uphill task for investors because of a lack of judicial precedent and broader institutional difficulties.
The sari is woven faced down, with a mirror placed on the ground to keep track of the progress and accuracy of design
During the lunch or tea breaks, Maharajji, Manikda, Amjad Khan and I often sat together as Maharajji sang old compositions or recited some bols. Amjad Khan had a great music sense and sang very well.
Nilanjan Roy spent 13 years with Bharti Airtel, prior to which he worked for 15 years with Unilever across their global operations.
The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
'Where is the board's accountability in this whole transaction? The members of the earlier board who participated in approving and defending these acquisition are still in the current board,' the whistleblower said in a mail sent to US SEC and Sebi.
