Omkar Goswami, who was on the board of Infosys from 2000 to 2015, has told co-founder NR Narayana Murthy to walk away and let the company do its business by healing itself from the injuries inflicted upon it by Murthy's own actions.

"Enough is enough. You have drawn first blood. Do not mortally wound the organisation by persisting in your actions. Let Infosys get on with its business, heal itself from the injuries that you have inflicted and again grow shareholder value," Goswami has said in an open letter published in The Economic Times.

New Delhi: In a relief to solar project developers, the Union environment ministry has said that the provisions of the Environment Impact Assessment (EIA) notification, 2006, which mandates environment clearance, will not be applicable to solar PV (photovoltaic) power projects, solar thermal power projects and solar parks.

The environment ministry, however, clarified that the disposal of PV cell would be covered under the provisions of Hazardous and Other Waste (Management and Trans-Boundary Movement) Rules, 2016.

Mumbai: Tata Motors Ltd Monday said it will invest Rs1,500 crore in its commercial vehicle business (CV) as it seeks to regain lost ground and return to profitability this fiscal year. The car and truck maker is also focusing on cost cutting which will save it at least Rs1,500 crore this fiscal, said Guenter Butschek, chief executive officer (CEO) and managing director.

“Our responsiveness to market volatility was not enough,” Butschek said at a press meeting in Mumbai on Monday. The company has realized the need to shift focus and get the “back bone” right, he added. The CV business is Tata Motors’ cash cow, fetching more than seven out of every ten rupees of its India revenues.

Mumbai/New Delhi: Reliance Industries Ltd, owned by Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan.

The companies are considering a plan to set up energy-storage projects near solar- and wind-energy installations, the people said, asking not to be identified, citing company policy. A decision on investment and implementation will be taken by December, they said.

Keeping up its tradition of naming its Android upgrades with delectable desserts, Google on Monday launched its version 8.0 of operating system as Android Oreo.

The Oreo boasts of a two times faster boot speed, autofill option, and a longer battery life. The new update comes with a Picture-in-Picture feature that allows the user to see two apps simultaneously.

An earthquake of magnitude 4.0 hit the tourist-packed Italian island of Ischia, off the coast of Naples, on Monday night, killing at least one person and injuring some 25 others as buildings collapsed, officials said.

Residents and tourists on the island ran out on to the streets from homes and hotels. Television images showed that about six buildings in the town of Casamicciola as well as a church collapsed in the quake, which hit at 8:57 p.m. (1857 GMT).

The BSE benchmark Sensex rebounded over 218 points and the NSE Nifty went past the 9,800-mark in early trade today on fresh buying by investors amid a firming trend in Asian markets. The 30-share index was trading higher by 218.19 points, or 0.70%, to 31,477.04 with the sectoral indices led by oil & gas, metal, IT, consumer durables, teck, PSU, healthcare and auto leading the recovery.

Shares of PSU oil majors Oil and Natural Gas Corp and Hindustan Petroleum Corp jumped today after the giant exploration company’s board approved the acquisition of 51% equity stake in the refining and marketing firm from the government. ONGC shares rose as much as 1.6% to Rs 160.1 on BSE, while HPCL shares were trading up over 3.6% at Rs 450. Earlier yesterday, ONGC’s board of directors in a meeting held on 21 August 2017, gave an in-principle approval for acquisition of 51.11% equity stake of HPCL.

The five-judge Constitution bench of the Supreme Court on Tuesday passed a landmark verdict holding the practice of Triple Talaq as unconstitutional.

After reading separate judgments, the five-judge bench ruled in 3:2 majority triple talaq is void and illegal.

Popular messaging app WhatsApp on Monday said it is exploring ways to check spread of fake news through its platform.

WhatsApp software engineer Alan Kao termed the situation as "complex" because of the end-to-end encryption of messages on the platform that does not allow anyone -- except the sender and the receiver -- to read the messages.

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