Business

Country's best-known software exporter is facing an impossible trinity of sorts: Out of sales, margins and governance, Infosys can hit only two goals at a time.

Or so it would appear from yet-to-be-proven whistle-blower allegations against Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy that they used hyper-aggressive

Infosys Ltd.'s shares plunged to a 10-month low in New York after whistleblowers accused Chief Executive Officer Salil Parekh of leading an effort to shore up profits through irregular accounting, turning up the heat on an IT services giant that

The new Goods and Services Tax (GST) returns from April 2020 that mandate providing more details may require companies to amend their enterprise resource planning (ERP) systems. Tax experts and chartered accountants (CAs) said that the new return systems

Axis Bank on Tuesday reported a net loss of Rs 112.08 crore for the quarter ended September 30, surprising analysts. The private sector bank had reported a net profit of Rs 789.61 crore for the corresponding period a year ago. Its net interest income (NII) - the difference between interest earned and interest expended - stood at Rs 6,101.83 crore

Reliance Jio has rolled out four new recharge plans plans from Rs 222 to offer 2 GBs of high speed data per day along with free voice calls. Reliance Jio Infocomm - the telecom arm of billionaire Mukesh Ambani-led conglomerate Reliance Industries

The S-P BSE Sensex and NSE Nifty 50 indexes snapped their six-day winning streak led by losses in the country's second largest software services company Infosys. The Sensex fell as much as 374 points and the Nifty 50 index dropped as much as 88 points to fall below 11,600. The benchmarks opened higher but soon turned volatile and the Sensex

Infosys shares might open with heavy losses on Tuesday, after a letter by anonymous employees surfaced, accusing its Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of unethical practices for several quarters.

The dometsic

Domestic fuel prices remained unchanged at existing prices on Monday, marking a sixth straight pause in petrol rates across metros. With effect from 6 am on October 21, the price of petrol was Rs 73.27 per litre in Delhi and Rs 78.88 per litre in

Passenger carrier Vistara is offering flight tickets at a starting all-inclusive price of Rs 14,499 under 'Grand International sale' scheme. Bookings under the sale- which is valid for travel between October 28, 2019 and March 31, 2020- can be

Apple Inc has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world's second-largest smartphone market where it has struggled against cheaper products from rivals.

The phones are being assembled at Chinese

Passenger carrier IndiGo inaugurated the first direct flight to Ho Chi Minh City (HCMC or Saigon), Vietnam from Kolkata on Friday, making HCMC carrier's 22nd international and 7th Southeast Asian destination, the company said in a statement.  "We are excited to inaugurate ou

Kotak Mahindra Bank on Tuesday reported a 51 per cent rise in net profit to Rs 1,724.48 crore for the quarter ended September 30. In a regulatory filing, the Mumbai-based private sector bank said its net interest income - or the difference between the interest earned on loans

The government's plan on reviving telecom company BSNL is expected to be in the public domain within a month and 4G spectrum will be allocated to the firm by the end of this year, BSNL Chairman and MD P.K. Purwar said on Monday.

"Telecom sector is also going through a

A delay of more than three hours in the running of Delhi-Lucknow Tejas Express on October 19 has cost IRCTC around Rs 1.62 lakh which the railway subsidiary will pay through its insurance companies as compensation to around 950 passengers, a

The Pune-based financial services company - Bajaj Finance - on Tuesday reported net profit of Rs 1,376.67 crore in the quarter ended September 30. That marked an increase of 49.59 per cent in the profit from Rs 920.28 crore in the same quarter of

US-listed shares of Infosys fell nearly 16 per cent in premarket trading on Monday after the software services exporter said it had received whistleblower complaints alleging "unethical practices" by the company's executives.

The company

E-commerce majors Amazon India and Flipkart have been asked to reveal the top sellers on their platforms. A detailed questionnaire has been sent to Amazon and Flipkart by the government, sources told TheIndianSubcontinent. The development comes

How do you spur demand in an economy? By raising taxes, not cutting them, says this year's winner of the Nobel prize for economics.

Reducing taxes to boost investment is a myth spread by businesses, says Abhijit Banerjee, who won the prize along with Esther Duflo of the Massachusetts

Shares of Boeing tumbled again on Monday over its handling of the 737 MAX crisis after US aviation regulators criticized it for withholding key documents for months.  Both UBS and Credit Suisse downgraded the company following Friday's statement by the Federal Aviation

Sales of fast moving consumer goods in rural India had their slowest growth in seven years as sagging incomes and a broader credit crunch weighed on spending in the country's hinterland, where the majority of its population lives.

Sales growth of corner-store items from tea to toothpastes dipped to 5

Banking services were affected on Tuesday after two bank unions called for a one-day nationwide strike to oppose the government's move to merge public-sector lenders. Services like cash deposit and withdrawal at the counter and

The series VI of Sovereign Gold Bond Scheme 2019-20 opened for subscription on Monday, ahead of Dhanteras and Diwali, with the RBI fixing the price at Rs 3,835 per gram of gold. It will close on October 25, 2019. The maximum limit of subscription

The global economy, weighed down by tensions that have stalled international trade and elevated uncertainty, is expected to see slower growth in the next half decade across a wide swath of economies.

China's growth rate is expected to continue to slow, and will

Infosys shares nosedived nearly 16 per cent on Tuesday, a day after India's second largest IT services company said it had received anonymous whistleblower complaints alleging certain unethical practices. In the complaint, whistleblowers accused Infosys CEO Salil Parekh of leading an effort to shore up profits through irregular accounting. The

Gold buying is considered auspicious during Dhanteras - the first day of the Diwali festival. Investors believe that gold purchase brings financial security to their portfolio. According to experts, gold is a safe haven metal and whenever there is a

Domestic financial markets will remain closed on Monday on account of assembly polls is on assembly polls in Maharashtra. Trading in the equity, debt and currency markets will resume on Tuesday, October 22. Equity market benchmark S-P BSE

Infosys shares nosedived nearly 16 per cent on Tuesday in their worst single-day drop in over six years, a day after India's second largest IT services company said it had received anonymous whistleblower complaints alleging certain unethical practices. In the complaint, whistleblowers accused Infosys CEO

Banking operations will be hit across the country on Tuesday as 3.5 lakh banking employees across the country will go on a one-day bank strike. The bank strike has been jointly called by All India Bank Employees' Association (AIBEA) and Bank Employees Federation of India (BEFI) to protest against the government's proposed move to merge 10 public

Inequality could be removed from India by spending more on education and health, said International Monetary Fund (IMF) Chief Economist Gita Gopinath told TheIndianSubcontinent in an exclusive interview in the US. "At times, government spends a lot but it is