US-based Schall Law Firm has said it will file a class action lawsuit against Infosys Ltd to recover losses suffered by investors in the wake of allegations of "unethical practices" at the Indian IT major. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.
Overall, the budget was Neutral for IT sector. Services sector continues to grow in double digits. Services sector growth pegged at 9.3 per cent.
The regulator has sought an increase in the investment limit for tax-saving equity mutual fund schemes to Rs 200,000 from the current Rs 150,000.
Left to compete within an hour of reaching here from China, promising sprinter Dutee Chand won the gold in women's 100m sprint event in the Taiwan Open Athletics Championships on Thursday. Dutee competed in the 100m heats within an hour of reaching Taiwan from Beijing and five hours later ran the finals which she won in 11.50secs to bag the gold. Her timing was far below the Olympics qualification standard of 11.32 secs. Long jumper Ankit Sharma leapt 7.67m on his last attempt to also seal a gold medal. Dutee was part of the national record breaking women's 4x100m relay quartet which finished fourth in the IAAF World Challenge event in Beijing yesterday and she few from the Chinese capital to Taiwan where she reached two hours before the start of her event.
Sharad Kumar smashes continental record for gold in men's high jump
'One can start accumulating economy driven stocks in the next few months with a two-three year view.'
A 13-member group, headed by RBI Executive Director R Gandhi, has made various recommendations on G-Sec market, retail participation and interest rate derivatives market.
Top losers in the Sensex pack included Yes Bank, IndusInd Bank, Tata Motors, RIL, ONGC, Bajaj Auto, Vedanta, Tata Steel, TCS, HDFC Bank and ICICI Bank, which fell up to 3.29 per cent.
A special court, which convicted 35 people in a fodder scam case, on Wednesday sentenced 22 of them to prison terms ranging from three to six years and slapped fines ranging from Rs 3 lakh to Rs 1.2 crore on the 22 convicted, all suppliers. Of the convicted, Md Tohid got the maximum imprisonment of five years and a fine of Rs 1.2 crore.
Currently, FPIs can invest up to $30 billion in Government securities, of which $5 billion is reserved for long-term investors.
The investment limit in long-term infrastructure bonds, however, has been kept unchanged at $25 billion.
The latest Hyundai i20 is an exciting car, given the overall drive experience, transmission, ride quality and tech. And while it may not be as low cost as a Maruti or come with the "heavy German steel-feel" of the Volkswagen, it does carve out a niche for itself at pole position with a combination of technology, styling, drive and ride comfort, and low cost of ownership, says Pavan Lall.
Anil Ambani had given a personal guarantee to the loans given by SBI to Reliance Communications and Reliance Infratel in August 2016.
The institute expects to complete both, phase-2 and 3 trials in India by the end of this year.
Sergio Perez gave Sahara Force India its fourth ever podium finish by taking the third spot while team-mate Nico Hulkenberg crossed the line at sixth in a memorable race at the Monaco Grand Prix of the Formula One Championships, in Monaco, on Sunday.
US regulator seeks Sebi's help in probing online Ponzi scheme run by duo under American names
Indian American Rajat Gupta, a former director at Goldman Sachs, had violated the firm's code of conduct by disclosing details from a 2008 board meeting to hedge fund manager Raj Rajaratnam, the main accused in the largest hedge fund insider trading case to hit US courts, the company CEO Lloyd Blankfein has testified.
Instead, 2019-20 could be the base from which the Budget estimates for next year are calculated.
The provisions do not apply to Trump, "since he is no longer 'President,'" his lawyers say.
Radhika Bose turned her love for travel and fitness into a way of life.
Indian swimmer Sandeep Sejwal qualified for the 2012 London Olympics after clocking 1:02.62sec in the 100m Breaststroke event at the FINA World Championships in Shanghai.
Kraft Foods, the world's second biggest food company, has said it is facing investigation by the Securities and Exchange Commission (SEC) for possible corrupt practices in India by its arm Cadbury, relating to a manufacturing plant there.
As many as 77 rape cases were reported across India on an average every day in 2020, totalling to 28,046 such incidents during the year, according to the latest National Crime Records Bureau data.
India grabbed a silver and bronze through Sudha Singh and Tintu Luka respectively on the final day to end their Asian Athletics Championships campaign with just one gold, two silver and seven bronze medals in Kobe.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
'Decide on an asset allocation you are comfortable with and stick to it for the long term.'
Besides job loss, the exit of the American cult bike maker would also lead to a loss of up to Rs 130 crore for the brand's dealer partners in the country.
Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
Gay won the race in 9.84 seconds, by an impressive 0.23 seconds, the largest margin of victory in a US championships 100 metres since electronic timing began in 1975.
Taruna Bakshi shares her recipes for Diwali.
Post office savings deposit, recurring deposit accounts and the senior citizen savings scheme account have shown the highest growth in the current financial year.
The focus shall also be on consolidation of public debt and reducing rollover risk through active switch/buyback operations.
Addressing a press briefing, Union Health Secretary Rajesh Bhushan said healthcare workers and frontline workers need not register themselves as their database has been populated on to the Co-WIN vaccine delivery management system in a bulk manner.
Senior Congress leader Anand Sharma on Sunday raised concerns over India's drugs regulator granting permission for restricted use of Bharat Biotech's COVID-19 vaccine and asked the government to explain why mandatory protocols and verification of data has been dispensed with.
Jamaican Usain Bolt has his sights set on smashing his already electrifying 100 metres world record, the triple Olympic champion said on Sunday. 'I think I could definitely go faster -- 9.5,' Bolt, whose record is 9.69 seconds, said. 'I think I could go 9.4, but I think the world stops at 9.4.'
In a press briefing, officials said the virus outbreak is under control in the country and credited a robust surveillance network along with implementation of the lockdown and other containment measures for it.
Virdhawal Khade was once again the lone Indian swimmer to create a splash in the pool, qualifying for the men's 50m butterfly event even as the rest of his compatriots continued to disappoint at the Asian Games in Guangzhou on Tuesday.
Virdhawal Khade was the lone Indian swimmer who made an impression by making the cut for the 50m freestyle finals while the rest fell by the wayside in the qualifying stages of their respective events in the Asian Games in Guangzhou on Monday.
United States Defence Secretary Lloyd J Austin arrived in India on Friday on a three-day visit, aimed at further boosting bilateral defence and security ties in the wake of China's growing military assertiveness in the region including the Indo-Pacific.
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