Infosys on Friday altered its capital allocation policy to give back 85 per cent of its free cash flow to shareholders effective from FY20. Earlier, the company was distributing up to 70 per cent of its free cash flow to the shareholders.

“Effective from FY20, the company expects to return around 85 per cent of the free cash flow cumulatively over a period of five years through a combination of semi-annual dividends or buybacks," the firm said in a statement.

India has recorded the fastest reduction in multi-dimensional poverty between 2006 and 2016, lifting 271 million people out of poverty during this period, according to a report by the United Nations.

India’s multi-dimensional poverty index (MPI) reduced from 0.283 in 2005-06 to 0.123 in 2015-16 with strong improvements in areas such as “assets, cooking fuel, sanitation and nutrition”.

New Delhi: State Bank of India has put up for sale two financial assets to asset reconstruction companies, NBFCs and other financial institutions to recover dues of more than Rs 309 crore.

In terms of bank's policy for sale of financial assets, the bank is placing Rajashree Sugars and Chemicals and Shree Vaishnavi Ispat for sale to banks/ARCs/NBFCs/FIs, it said in the expression of invitation for the sale process.

New Delhi: Several of 'maharatna' and 'navratna' companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU tag from some of the entities after its shareholding falls below the threshold 51% mark.

MUMBAI: Axis Bank, the fourth largest credit card issuer in the country, Thursday tied up with e- commerce major Flipkart to launch a co-branded credit card and is aiming to sell 1 million of the new card in a year.

The new co-branded card comes weeks after American lender Citi launched a similar offering by tying up with payments major Paytm.

Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Friday ahead of inflation and factory output data releases.

Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Friday ahead of inflation and factory output data releases.

The State Bank of India-led committee of creditors (CoC) of debt-laden Essar Steel is likely to move the Supreme Court on Friday against the National Company Law Appellate Tribunal’s (NCLAT) order that reduced their share of the sale proceeds and also put the financial creditors and operational creditors at par in settlement of claims.

Air India has plans to sell 30 unutilised tracts of land in cities like Mumbai and Delhi to retire the debt transferred to special purpose vehicle Air India Asset Holding, civil aviation minister Hardeep Singh Puri told Parliament on Thursday.

These land parcels include 1.7 lakh sq m and 14,326 sq m plots in Mumbai and New Delhi, respectively. Other cities where the national carrier holds unused land are Bengaluru, Kolkata, Chennai and Ahmedabad.

Ahead of the response it has sought from the company regarding complaints by co-promoter Rakesh Gangwal over alleged violations of corporate governance, the Securities Exchange Board of India (Sebi) on Thursday summoned IndiGo’s company secretary Sanjay Gupta.

Gupta has been company secretary and chief compliance officer at IndiGo since August 2016.

Tata Motors is learning its lessons from customer feedback on electric vehicles (EVs), where range anxiety and high price looms large, according to Mayank Pareek, president of passenger vehicles business, who also blamed bad driving behaviour and traffic conditions for the poor range of its EV Tigor.

His comments come following complaints by government officials that the range is way lesser than what was promised by the company.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.