No active role for Vishal Sikka at Infosys, won’t be involved in selecting new CEO

No active role for Vishal Sikka at Infosys, won’t be involved in selecting new CEO

Vishal Sikka, who was named executive vice chairman of Infosys Ltd on Friday after abruptly stepping down as CEO will not play an active role in the company, three executives at the company familiar with the development said on condition...
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Expect Nifty 50 Firms To Post 1.5% Profit Growth In 2017-18: Kotak Institutional Securities

Expect Nifty 50 Firms To Post 1.5% Profit Growth In 2017-18: Kotak Institutional Securities

Mumbai: Weak earnings for the April-June period, wherein Nifty 50 companies reported an 8.4 per cent decline in net income, reflects underlying weakness in the economy and the possibility of yet another sluggish year, according to a report by brokerage...
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HPCL Share Sale: PwC, 4 Others In Race To Become Transaction Adviser, Says Report

HPCL Share Sale: PwC, 4 Others In Race To Become Transaction Adviser, Says Report

New Delhi: PwC, JM Financial and ICICI Securities are among the five consultants vying to become transaction adviser to the government’s over Rs. 33,000 crore stake sale in Hindustan Petroleum Corporation Limited (HPCL) to Oil and Natural Gas Corpora...
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Reliance Industries, SBI, 7 Other Firms Shed Rs. 1,05,357 Crore Market Value In A Week

Reliance Industries, SBI, 7 Other Firms Shed Rs. 1,05,357 Crore Market Value In A Week

New Delhi: The combined market valuation of nine of the top 10 most valued Indian companies plummeted by Rs. 1,05,357 crore in the week that ended on August 11, 2017, with Reliance Industries (RIL) and State Bank of India (SBI)...
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Foreign Investors Pump Rs. 10,000 Crore In Debt Markets

Foreign Investors Pump Rs. 10,000 Crore In Debt Markets

New Delhi: Foreign investors have pumped in over Rs. 10,000 crore in the Indian debt markets this month so far, following the decision by the Reserve Bank of India to cut key interest rates. However, in view of higher stock...
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Amid Doklam standoff, Chinese imports to India up by 33% in April-June quarter

Amid Doklam standoff, Chinese imports to India up by 33% in April-June quarter

Chinese imports to India recorded a 33% jump in the April-June quarter over the same period last year, government data shows, indicating trade remains unscathed by the border standoff between the two countries. The rise in imports is on the...
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