Vishal Sikka resigns as MD and CEO of Infosys; UB Pravin Rao given interim charge

Vishal Sikka resigns as MD and CEO of Infosys; UB Pravin Rao given interim charge

Infosys appoints U B Pravin Rao as Interim-Managing Director and Chief Executive Officer In a major development, Vishal Sikka on Friday resigned as Managing Director (MD) and CEO of the IT-giant Infosys. Sikka has now been appointed as executive vice-chairman. UB Pravin Rao has been appointed as interim MD and CEO with immediate effect. The […]

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Narayana Murthy responsible for Vishal Sikka’s resignation:Infy

Narayana Murthy responsible for Vishal Sikka’s resignation:Infy

Vishal Sikka has now been appointed as executive vice-chairman. UB Pravin Rao has been appointed as interim MD and CEO with immediate effect. The IT-giant Infosys on Friday blamed co-founder NR Narayana Murthy for Vishal Sikka’s resignation from the post of Managing Director (MD) and CEO. Vishal Sikka, the first non- founder CEO of Infosys, […]

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Interest rate cut: Know how it will benefit home loan borrowers

Interest rate cut: Know how it will benefit home loan borrowers

New Delhi: The Reserve Bank of India’s (RBI) decision to cut its key lending rate by 0.25 percent, is likely to translate into lower interests rates for home, auto and other loans. RBI has cut the repo rate- first time in 10 months – to about 7-year low of 6 percent. While new home loan […]

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7th Pay Commission on allowances: Maximum monthly HRA hiked by 176% to Rs 75,000

7th Pay Commission on allowances: Maximum monthly HRA hiked by 176% to Rs 75,000

Lower level employees will get HRA hike of up to 157 percent from their July month salaries as against 122 percent for higher level employees. But when DA will cross 50% then higher level employees will receive 176 percent hike as against 157 percent hike for lower level employees. New Delhi: More than 7.5 lakh […]

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Tata Sons to buy Tata Steel’s Rs 3,800-cr holding in Tata Motors

Tata Sons to buy Tata Steel’s Rs 3,800-cr holding in Tata Motors

Reducing cross-holdings among the Tata group companies has been one of the top priorities for N Chandrasekaran since he took charge as chairman on February 21. And, on this to-do list Tata Steel has been the most important entity because of its Rs 83,014-crore gross debt at the end of March, which is 2.3 times […]

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Is it good news for Indian IT sector as Trump favours merit-based immigration system?

Is it good news for Indian IT sector as Trump favours merit-based immigration system?

Washington: President Donald Trump favors a merit-based immigration system that will benefit US economy and create jobs, the White House has said, in views that would be welcomed by Indian IT professionals and entrepreneurs. The President has made clear he believes that (there) should be a merit-based system where individuals coming into the country bring […]

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Demonetisation: RBI restricts withdrawal from Jan Dhan accounts up to Rs 10,000 per month

Demonetisation: RBI restricts withdrawal from Jan Dhan accounts up to Rs 10,000 per month

New Delhi: In a bid to check the misuse of Jan Dhan accounts by black money hoarders, Reserve Bank of India (RBI) has restricted the withdrawal from such accounts to Rs 10,000 per month. Fully KYC-complaint Jan Dhan account holders will be allowed to withdraw Rs 10,000 per month from their account, while limited or […]

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Tata considering British businessman Sir George Buckley for top job?

Tata considering British businessman Sir George Buckley for top job?

Tata Sons may be considering British Businessman Sir George Buckley to fill the chair left empty after ex-Chairman Cyrus Mistry’s ouster. According to a brief report by moneycontrol, “Tata Sons is said to have approached Sir George Buckley,” to replace Mistry. The report cited Sky News as its source. The move comes at a time […]

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