India's second largest IT firm Infosys Thursday said it proposes to grant stock incentives worth Rs 10 crore to CEO Salil Parekh, as part of an new programme that aims to incentivise employees for performance.

The company's board has approved an 'Expanded Stock Ownership Program 2019' that intends to allocate five crore shares to a broad base of employees.

If you happen to board a bus or visit a grocery store in Manipur with Rs 10-denomination coins in wallet, chances are there that you might be shown the door. Despite regular clarifications by the Reserve Bank of India (RBI), people in Manipur, especially small traders, are reluctant to trade with Rs 10 coins.

Sebi on Thursday slapped a Rs 2 lakh fine on IFCI Financial Services for “lackadaisical behaviour” as it failed to comply with power of attorney guidelines.

IFCI Financial Services is a depository participant of National Securities Depositories Ltd and Central Depositories Securities Ltd.

Hyundai Motor India Ltd (HMIL) on Thursday announced the launch of its vehicle leasing service in partnership with ALD Automotive India.

‘Hyundai Leasing’ will offer all of the company’s entire model line-up for leasing with no upfront and maintenance costs, HMIL said in a statement. “The Indian automotive industry is at the cusp of transformation...

Reliance Industries along with BP have bid for an exploration acreage for the first time in their eight-year partnership under the government’s open acreage licensing policy for oil and gas that has put 32 blocks up for auction.

Reliance-BP has made an offer for one block in the Krishna-Godavari basin. The block had been demarcated by BP earlier.

New Delhi: After facing cash crunch for some months, state-run Bharat Sanchar Nigam Limited (BSNL) is expecting normalcy in cash flows in the second quarter (July-September) of FY20, according to the BSNL Director (Finance) who blamed the "predatory pricing" for the current crisis in the sector and in the BSNL.

The benchmark BSE Sensex jumped over 200 points and the NSE Nifty reclaimed the 11,300 level in early trade Friday amid value-buying in banking, IT and metal stocks.

The 30-share index was trading 201.24 points, or 0.54 per cent, higher at 37,594.72. The broader NSE Nifty was also trading 57.20 points, or 0.51 per cent, up at 11,314.30.

Air India chief, Ashwani Lohani, has instructed the airline’s leadership team to “come down heavily” on instances of sexual harassment in the company which were being reported “often.”

The order from the airline’s Chairman and Managing Director follows a complaint from a woman pilot about a senior pilot and instructor about an incident on May 5 in Hyderabad.

Punjab National Bank (PNB) on Thursday said it has terminated the share purchase agreements (SPAs) made with Varde Holdings and General Atlantic for a 13% stake sale in PNB Housing Finance, which was announced on March 29.

According to latest shareholding pattern on the BSE, PNB holds a 32.79% stake in the housing finance firm. Had the deal gone through, PNB’s stake would have reduced by 13% to 19.79%.

Infosys’ board on Thursday proposed granting equity shares worth Rs 10 crore to Chief Executive Officer Salil Parekh as part of a new stock incentive plan aimed at retaining talent.

Chief Operating Officer and Whole-time Director UB Pravin Rao will get shares worth Rs 4 crore. In all, 50 million shares will be allocated to employees, subject to shareholders’ approval, under the initiative called ‘Infosys Expanded Stock Ownership Program 2019’.

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