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A whistleblower report in 2017 had alleged wrongdoings by Infosys and some officials in the USD 200 million acquisition of Israeli automation technology firm Panaya by the Bengaluru-based IT services firm.
The scheme, if approved by the government, is likely to be announced by the end of this month before the commencement of the Budget session.
In July 2013, the RBI had issued a "cautionary letter" to Citibank for violations of instructions regarding know your customer or anti-money laundering.
Mazumdar Shaw also serves as the chairperson and managing director of biopharmaceutical company Biocon.
At the Interbank Foreign Exchange, the rupee opened strong at 70.38 a dollar against the previous close of 70.41.
November's growth was much slower than an upwardly revised 8.4 percent year-on-year increase in October, the data showed.
Infosys, in a regulatory filing, said its Board has approved buyback of up to 10,32,50,000 equity shares, comprising approximately 2.36 per cent of the paid-up capital of the company as of December 31, 2018 for up to Rs 8,260 crore.
The major losers on the Sensex included Indusind Bank, Tata Motors, TCS, Yes Bank and L&T.
Petrol in Delhi now costs Rs 69.07 per litre - the highest this month - up from Rs 68.88 per litre rate of Thursday, according to price notification issued by state-owned oil firms.
The Union Minister was speaking at the launch of the research report 'Rear Seat Belt Usage and Child Road Safety in India' by Nissan India and SaveLife Foundation.
The steel ministry in August announced stringent import rules for some high-grade steel products that are sourced by car-makers from countries such as Japan and South Korea.NSE Nifty was trading 17.65 points, or 0.16 per cent, up at 10,839.25. Top gainers at the BSE include HDFC, ONGC, ITC, Sun Pharma, HDFC Bank, Reliance, Asian Paints, HUL and Tata Steel.
The rupee opened strong at 70.38 at the interbank forex market against previous close of 70.41 per dollar then gained further ground and touched a high of 70.34 amid positive opening in domestic equities, displaying gains of 7 paise against the greenback.
The arrangement authorises the Reserve Bank of India (RBI) to sign the agreement for bilateral swap arrangement between the RBI and the Bank of Japan for a maximum amount of USD 75 billion.
As per the ICPA circular, the members have been asked to not accept duty to replace a pilot opting out at the last minute unless intimated at least 12 hrs in advance.
Bimal Jalan, the 77-year-old ex-bureaucrat, was appointed to chair the panel late last month, just weeks after a fierce row over central bank independence led to a change at the top of the RBI.
In a seasonally weak quarter for Indian IT firms due to year-end holidays, TCS posted a profit of 81.05 billion rupees ($1.15 billion) for the Oct-Dec period, up from 65.31 billion rupees a year earlier.
The mining operations, a key source of revenue to the state government, came to a standstill in March last year following a Supreme Court order which quashed 88 mining leases.
Besides Punjab, several other states like Himachal Pradesh, Chattisgarh, Uttarakhand, Jammu and Kashmir, Odisha, Goa, Bihar, Gujarat and Delhi are facing revenue shortfall post the implementation of Goods and Services Tax (GST).
Ramakrishnudu "expressed serious concern that the Council agenda items are being prepared without consulting the states".Forex traders said the American currency weakened after minutes of Federal Reserve's policy meeting triggered uncertainty about future rate hikes.The markets opened higher but failed to sustain the momentum as investors were skittish about corporate earnings season and preferred to take money off the table, traders said.
Silver also followed the gold movement by rising Rs 410 to Rs 40,510 per kg on fresh buying by industrial units and coin makers.
Companies with up to Rs 40 lakh turnover in a year will be exempted from GST payment, while the limit has been set at Rs 20 lakh in northeastern states.The weakness in the US dollar against other currencies overseas, falling crude oil prices and fresh foreign fund inflows pushed the rupee higher.Top losers include IndusInd Bank, Axis Bank, HCL Tech, Kotak Bank, HDFC, Bharti Airtel, PowerGrid, Asian Paints, TCS and SBI.
The scheme allows banks' customers to deposit their idle gold holdings for a fixed period in return for interest in the range of 2.25-2.50 per cent.Air India was the second highest loss-making central public sector undertaking among 339 such units in the country last fiscal.
The facility will be available for passengers irrespective of the class of tickets and for both domestic and international flights.The loss-making airline has already started using food items stocked from India during its onward journey to Stockholm, Copenhagen, Birmingham and Madrid, and use them when returning.
Samajwadi Party and Bahujan Samaj Party scripted history on Saturday when the once-sworn rivals formally declared their alliance for the Lok Sabha polls.
The newly found bonhomie between Samajwadi Party and Bahujan Samaj Party might be surprising to many but it is not the first time the two parties have joined hands to spot BJP’s march in the Hindi Heartland.
Mayawati-Akhilesh Alliance LIVE: Samajwadi Party (SP) leader Akhilesh Yadav and Bahujan Samaj Party (BSP) supremo Mayawati announced their tie-up for the 2019 Lok Sabha elections on Saturday.
BJP National Executive Meet LIVE: Prime Minister Narendra Modi will address the Bharatiya Janata Party (BJP)’s national convention today where he is expected to spell out the strategy for the 2019 Lok Sabha elections. Union Minister Arun Jaitley, addressing the convention, said that their focus will be Prime Minister Narendra Modi and elections for the next five months. "Every article we read, news we watch, we should keep in mind how to win and bring back Modi to power," he said.
If both Prajwal Revanna and Nikhil Kumaraswamy get tickets, and so does Gowda, three members from the same family will be contesting in the upcoming Lok Sabha polls.
Seeking a second term, Modi this year would be defending a good first innings total of 273 plus. He registered a near cent percent strike rate in states where BJP matters — in the north, west and central India.
Representatives of gaushala told the chief minister that MCD, ruled by the BJP, has not released its share of funds for two years due to which they have to face problems.
Gandhi, who is in the UAE on a two-day visit, said giving special status to AP would be the first thing Congress does after coming to power.
Without naming Prime Minister Narendra Modi, Sinha, using the honorific 'Sir', gave a piece of his mind on the social media platform.
'My beloved country is being divided for political reasons and benefits. It is being divided in different religions, communities, the rich and poor', Rahul Gandhi said.
The Madras High Court on Friday dismissed the plea of former Tamil Nadu sports minister Balakrishna Reddy seeking suspension of his conviction in the 1998 riot case.
Congress spokesperson Abhishek Singhvi said the objective of all opposition parties should be to defeat the ruling BJP and eliminate ‘autocracy, misgovernance’ at the Centre.
Calling the remarks 'undignified', a BJP leader demanded an apology from the RLD chief.
With this order, more than ten lakh people will now get the freebie in addition to the over 1.8 crore people already approved.
Caste in India was considered as a key determinant of either social or historical oppression as in the case of the Scheduled Castes and Scheduled Tribes or a determinant of social and educational backwardness as in the case of the Other Backward Classes, Finance Minister Arun Jaitley said in a Facebook blog.
Defending former PM Manmohan Singh, whose tenure forms the backdrop of the controversial movie, the Trinamool Congress chief said she was waiting for the release of ‘Disaster Prime Minister’, an apparent reference to Modi.
A formal announcement on the alliance between the two Uttar Pradesh-based parties will be made at Saturday's joint press conference with BSP, he said.
The Samajwadi Party President also announced at the event that the Samajwadi Pension Yojana will be revived and the pension amount will be raised, once he comes to power
Sources said that the MNS may seek one Lok Sabha seat from the kitty of Sharad Pawar-led Nationalist Congress Party, a Congress ally.
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