Anil Chanana let the cat out of the bag at an analyst call earlier this year. The chief financial officer of HCL Technologies said he expects half the growth for the current fiscal to come organically. “If I take 10.5% as being the middle of the range, I am cutting it exactly in half — 5.25% is organic and 5.25% is inorganic.”

It looks like the government wants to play safe with Air India's privatisation as general elections are just around the corner. Weeks after the divestment process found no takers for the beleaguered national carrier, the government said it would soon review the plan to sell a stake in Air India. The process, now turned out to be a complete failure, was anyway facing stiff resistance from not only the opposition but from some within the government.

Prime Minister Narendra Modi today performed Yoga with over 50,000 enthusiasts at the Forest Research Institute campus here, saying the ancient Indian discipline has emerged as the most powerful unifying force in a strife-torn world.Addressing the large gathering in the backdrop of the iconic British-era building of FRI, Modi said yoga has shown the world the way from "illness to wellness" and enriching lives across the globe.

Tata Consultancy Services (TCS) has expressed concerns regarding the government’s decision to utilise postal department staff as citizen service executives at post office passport seva kendras.

The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, TCS said.

Engineering conglomerate Larsen & Toubro (L&T) has written to the NITI Aayog raising concerns over the recent submarine project award to public sector owned Mazagon Dock Shipbuilders on a nomination basis, according to people with direct knowledge of the development.

State-run power equipment maker BHEL has bagged two orders worth Rs 10 billion from Telangana.

The orders from Telangana State Power Generation Corporation (TSGENCO) are for supply and installation of emission control equipment at Kothagudem and Bhadradri thermal power stations, BHEL said in a statement.

Public sector behemoth Indian Oil is looking to invest almost Rs 9 billion in a greenfield second-generation ethanol plant in Uttar Pradesh.

The plant has been proposed in Gorakhpur, the pocket borough of chief minister Yogi Adityanath, who is keenly following up on the project.

New Delhi, June 20 () Maruti Suzuki India (MSI) maintained its leadership position in the domestic passenger vehicle (PV) market in May as seven of its models featured in the top 10 selling brands.

According to the latest data from Society of Indian Automobile Manufacturers (SIAM), in the top 10 best selling PVs, Maruti's Alto retained the top position in May with the sales of 21,890 units as against 23,618 units a year ago.

New Delhi, June 20 () A peak tax rate of 28 per cent plus states levying some amount of local sales tax or VAT on petrol and diesel is likely to be the tax structure when the two auto fuels are covered under the GST regime, a top government official said.

The peak GST rate plus VAT will be equal to the present tax incidence, which is made up of excise duty, levied by the central government, and VAT charged by the states.

New Delhi: In what may be a game changer for India’s beleaguered electricity distribution sector, the National Democratic Alliance (NDA) government is considering setting up a pan-India power distribution company, said two people aware of the development.

The idea to set up a National Electricity Distribution Company is being explored, given that the segment will be key to the long-term fortunes of the power sector.

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