BENGALURU: Infosys could not provide enough evidence to substantiate that former CFO Rajiv Bansal deleted data from company laptop, leading to dismissal of its claim of breach of agreement by the arbitrator, two people privy to the proceedings told ET.

The Bengaluru-headquartered software services firm was ordered last week by arbitrator RV Raveendran to pay the remaining severance of Rs 12.17 crore with interest after about 14 months of Bansal taking the matter to arbitration tribunal.

The Indian stock market opened in the negative territory on Monday, with the benchmark Sensex of the BSE falling over 100 points in opening trade. The Nifty 50 of the National Stock Exchange traded 26 points, or 0.23%, lower at 11,117.10 points. Most banking stocks like ICICI Bank, Kotak Bank, IndusInd Bank, SBI, along with other index heavyweights like Bharti Airtel, Maruti Suzuki, M&M, and Tata Motors, witnessed heavy selling pressure on the Sensex index.

The recent depreciation of Rupee versus USD will likely improve Bajaj Auto’s Ebitda margin as well as its competitiveness in export markets. We have increased our earnings estimates by 5-8% after factoring in the change in our currency assumptions. However, we maintain our Sell rating due to deteriorating profitability in the domestic motorcycle segment. Increase target price to Rs 2,700 (from Rs 2,500 earlier).

DTH operators have seen their subscriber bases stagnate over the last three quarters at around 67 million, data from Trai show. The big culprit, say industry watchers, is Doordarshan’s Free Dish which, thanks to its bouquet of free-to-air channels, has mopped up some 30 million subscribers.

On September 18, German luxury car company Audi unveiled the e-tron in San Francisco—its first fully electrically-powered series production model, and a full-size SUV at that. It’s got two electric motors and an electric all-wheel drive, and its large battery gives it a range of more than 400-km in the WLTP (Worldwide harmonised Light vehicles Test Procedure) driving cycle. It is priced 79,900 euros in Germany, which is about Rs 68 lakh at current exchange rates.

India's mission to Mars has completed four years in the orbit. The “Mission Mangalyaan”, also known as the Mars Orbiter Mission (MOM) was initially estimated to survive around six months, but it is still active and has captured the seasonal variations of the red planet for two Martian years.

India was the first nation to reach Mars on a maiden attempt.

Seven men arrested in connection with a job racket promising employment to youths with the ONGC confessed to having duped at least 20 people of Rs 20 million in last two years, the police said Sunday.

Last week, police arrested the seven, two Ministry of Rural Development employees among them, for allegedly cheating unemployed youths on the pretext of getting them jobs in Oil and Natural Gas Corporation as Assistant Managers.

Hindustan Petroleum Corporation (HPCL) on Friday entered into a long-term agreement with HMEL (HPCL-Mittal Energy) for operations and maintenance of its newly-commissioned bitumen terminal at Bathinda.

HMEL recently set up a bitumen blowing unit with a capacity of 550 million tonne per annum different grades of bitumen plant at Guru Gobind Singh Refinery, Bathinda. The agreement is for storing, handling and dispatching the product.

Soaps, face packs, shampoos and medicinal products made from cow urine and dung may soon be just a click away as an RSS-backed centre says it is set to sell these on e-commerce major Amazon India.

Deen Dayal Dham, a centre run by the RSS in Farah town of Mathura in Uttar Pradesh, will first put up a dozen products related to health, beauty and apparel on the website for sale, a manger at the centre said.

Mumbai: The shares of housing finance companies (HFC) and other financial service firms were battered badly on Friday causing a flash crash on the domestic bourses as rumours about default by certain entities amidst rising delinquencies and cost of capital triggered panic selling in the market.

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