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IndiGo alleges misleading info to malign brand name

Sunday, 20 Aug 2017 | IANS | New Delhi

Budget passenger carrier IndiGo on Sunday alleged that a campaign of misleading information is being spread to malign its brand name. "In the last few days, there have been misinformed media reports suggesting that IndiGo is cancelling eighty-five daily flights," the airline said in a statement. "We believe that this...

Murthy's shadow to loom large over search for Infy CEO

Sunday, 20 Aug 2017 | PTI | New Delhi

Infosys' search for a new CEO may not be an easy one as the pressure of being under the constant scrutiny of the firm's high-profile founders could see many candidates shying away, said industry leaders and experts. Vishal Sikka, Infosys' first non-founder CEO, quit on Friday citing slander by founders. The...

Global cues, Infy turmoil to dictate market trend: Experts

Sunday, 20 Aug 2017 | PTI | New Delhi,

Global cues and developments at the crisis-hit Infosys will dictate market sentiment in a holiday-shortened week ahead, say experts. Markets will be closed on Friday for 'Ganesh Chaturthi'. Vishal Sikka's surprise resignation as Infosys CEO on Friday threw markets off-track as the Sensex careened off 271 points. Infosys was the biggest loser in...

'Over 30 lakh LED street lights installed, 50k of roads illuminated'

Saturday, 19 Aug 2017 | IANS | New Delhi

The government on Saturday said that the Street Lighting National Programme (SLNP) has achieved installation of over 30 lakh LED street lights across the country to illuminate 50,000 km of road. According to the Ministry of Power, state-run Energy Efficiency Services Limited (EESL) has emerged as the world's largest street...

Infosys to buy back 11.3 crore shares at Rs 1,150 each

Saturday, 19 Aug 2017 | IANS | Bengaluru

Global software major Infosys Ltd announced on Saturday that it would buy back 11.3 crore shares of Rs 5 face value at Rs 1,150 each via a tender offer. "The Board has approved a proposal to buy back 11.3 crore equity shares of Rs 5 face value from the shareholders...

'Drone sale to India would cement bilateral ties with US'

Saturday, 19 Aug 2017 | PTI | Washington

The US decision to sell 22 Sea Guardian drones to India at an estimated cost of USD 2 billion will create around 2,000 jobs in the US and "cement" bilateral ties, an American executive involved in the deal has said. "This should be viewed as a significant step in cementing the...

Telecom operators can be fined Rs 5 lakh over call drop

Friday, 18 Aug 2017 | IANS

The Indian telecom watchdog on Friday announced stricter rules over call drops and said telecom operators who don't meet the norms can be fined at least Rs 5 lakh. "Graded financial disincentives in case service providers fail to meet the DCR (drop call rates) benchmarks have been introduced, in which amount...

Jaitley asks states to reduce VAT on petroleum products

Friday, 18 Aug 2017 | IANS | New Delhi

Finance Minister Arun Jaitley on Friday urged states to reduce VAT on petroleum products due to concerns regarding the rise in input costs due to the transition to GST regime. "The letter by Finance Minister to Chief Ministers highlights the concern being raised by the manufacturing sector," the Finance Ministry...

Sensex plunges 208 pts; Infosys tanks 7% as Sikka resigns

Friday, 18 Aug 2017 | PTI | Mumbai

The BSE benchmark Sensex fell nearly 208 points and Infosys tanked over 7 per cent in early trade after Vishal Sikka resigned as MD and CEO with immediate effect. Besides, weak global cues on a deadly attack in Spain and rising concerns over the fate of US President Donald Trump's...

Garmin launches new range of smart watches in India

Thursday, 17 Aug 2017 | IANS | NEW DELHI

Smart wearables maker Garmin India on Thursday launched a wide range of smart watches and activity trackers, including its much-awaited 'Fenix 5' series, in India. The 'Fenix 5' series include 'Fenix 5 Sapphire' priced at Rs 54,990, 'Fenix 5S Sapphire' at Rs 54,990, 'Fenix 5S Carrara White edition' at Rs 50,990...


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Prez’s arts council quits over Trump’s Virginia remarks

20 Aug 2017 | AFP | Washington

The entire President’s Committee on the Arts and the Humanities, that includes Indian-Americans Jhumpa Lahiri and Kal Penn, has resigned over President Donald Trump’s controversial remarks after the racist violence in Virginia. In a letter signed by 16 of 17 committee members, including author Lahiri and actor Penn, Trump’s decision to withdraw from the Paris Agreement on climate change has also been cited as a reason for their resignation...

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2,467 kWp solar capacity installed in C'garh last year: Centre

20 Aug 2017 | Staff Reporter | Raipur

Solar power plants having total capacity of 2,467 kWp have been installed at various places including industries in Chhattisgarh in 2016-17, the Central Government has informed. Notably, Chhattisgarh Government has decided to identify more potentially rich areas for installation of renewable energy projects and carry out advance planning for evacuation and transmission of power in an effective and coordinated manner...

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