Infosys has cash in excess of $6.1 billion, which would come down by one-third after the payouts.
In a move that may hit private courier operators hard, the government on Thursday proposed to stop them from carrying letters weighing below 300 grams.
If the government has its way, letters weighing below 500 gms will be carried exclusively by Department of Posts as the over-a-century-old Indian Postal Act 1898 is set to be amended most likely in the Budget session.
Tata Consultancy Services (TCS) on Wednesday announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share. In 2017 and 2018 too, TCS had undertaken buyback offers of similar sizes.
The reshuffle is aimed at speeding up the implementation of the government's ambitious programmes like the SmartCity project and focus on key sectors like Mines, Information Technology and Road Transport.
Votes polled in the nine-phased Lok Sabha elections will be counted on Friday to decide who will form the next government.
There are 68 Philatelic Bureaux and 1,111 philatelic counters in the country.
People visited their kith and kin, exchanged festive greetings and sweets while social media, including the likes of WhatsApp, Facebook and Twitter, was flooded with Diwali messages as many took the virtual route to convey their wishes.
A weak economy coupled with rising Covid-19 cases and inflation that is above RBI's comfort zone, geopolitical developments, and upcoming India Inc's second quarter results for FY21 could impact sentiment, analysts say.
The prospect of India Post turning into a bank sounds like a capital idea, especially since we are talking about inclusive banking.
Arora also said he is confident that the EC will be able to hold the next set of assembly polls on time and the internal exercise for those is already underway.
Tells RBI this is not the time to consider such a foray, especially given the lack of funds to spare for such a venture.
With the finance ministry refusing to hike rates of Special Deposit Schemes and allow it to park funds in high interest bearing postal deposits, the Employees Provident Fund Organisation is toying with the idea of trading in government securities as
'Overall, compared to the previous episode, we are in a better shape because the vaccine is already out there and vaccination drives are proceeding'
If there is no possibility of NRIs coming to India to vote, why should they get enrolled, asks Chief Election Commissioner V S Sampath.
Emotional embraces, tears of joy and an overwhelming message of equality washed over Australia after a majority of 61.6 per cent voted in favour of legalising gay marriage. Thousands of 'Yes' advocates erupted at the designated areas throughout the country.
A u-turn by the BJP will be an apocalyptic occurrence in Indian politics and society, argues Amulya Ganguli.
Among the major political parties, chief minister Nitish Kumar's Janata Dal-United is contesting in 35 of the 71 seats, followed by its ally Bharatiya Janata Party (29), while the opposition Rashtriya Janata Dal has fielded its candidates in 42 and its coalition partner Congress is in the fray in 20 assembly segments.
The Election Commission on Tuesday deferred the polling date for election to the lone Lok Sabha seat in Mizoram and by-poll to Hrangturzo assembly seat to April 11 from April 9 in view of a state-wide bandh called against exercise of franchise by Bru voters lodged in Tripura camps through postal ballots.
The buyback is proposed to be made from the shareholders of the company on a proportionate basis under the tender offer route using the stock exchange mechanism.
Taking at dig at Indian Cricket Board's president-in-exile N Srinivasan, spin legend Bishan Singh Bedi said it was a mystery to see the BCCI, which was born in Delhi and flourished at the Eden Gardens, being hijacked by Tamil Nadu.
The US government filed court documents Tuesday laying out its case against cyclist Lance Armstrong, who is accused of defrauding the Postal Service by taking millions of dollars in sponsorship money while flouting professional cycling rules by doping.
Steffen Kjaersgaard, a team-mate of Lance Armstrong's at US Postal from 2000-03, will not face sanctions, despite admitting to using performance-enhancing drugs, Norwegian anti-doping authorities said on Monday.
It passes user info to the app developer.
Tamil Nadu, Kerala and Uttar Pradesh are ahead of Bihar in terms of remittance sent by Indians to their home through Western Union money transfer with assistance from post offices, Anil Kumar, Director, Business Development, Bihar postal services told PTI.
The suspect, Paul Kevin Curtis, 45, was arrested by FBI on Wednesday at his residence in Corinth, responsible for the mailings of the three letters sent through the US Postal Service which contained a granular substance that preliminarily tested positive for ricin.
The scarcity value of the licences has attracted a motley crew of hopefuls, ranging from India's humble postal department to billionaires.
The United States accused cyclist Lance Armstrong on Friday of defrauding the US Postal Service by taking its sponsorship money at the same time he was doping and using performance-enhancing drugs in violation of cycling rules.
We look back at the life and times of iconic actor Pran.
The next time you receive a post parcel from the United States, don't be surprised to see a colourful display of Diwali on it as some American lawmakers have introduced a resolution seeking issuance of a postage stamp on the popular Indian festival.
The International Olympic Committee has stripped Lance Armstrong of his bronze medal from the 2000 Sydney Olympics because of his involvement in doping.
