The country's second-largest software services firm, Infosys, on Friday announced the appointment of former Wipro executive Inderpreet Sawhney as its group general counsel.

The appointment is effective July 3, 2017, Infosys said in a statement.

Prior to Wipro, she has served as managing partner of a mid-sized law firm in Silicon Valley and has also worked with ITC Ltd as the in-house counsel.

Markets regulator Sebi today disposed of a case against Indiabulls Mutual Fund in a matter related to alleged procedural lapses in declaration and distribution of dividend.

It was alleged that Indiabulls MF did not comply with dividend declaration and distribution procedure. It allegedly did not seek trustee approval and addendum was not published for declaring the dividend at four instances.

The government has made quoting of biometric identity number Aadhaar mandatory for opening bank accounts as well as for any financial transaction of Rs 50,000 and above.

Existing bank account holders have been asked to furnish their Aadhaar number issued by the Unique Identification Authority of India (UIDAI) by December 31, 2017, failing which, the account will cease to be operational, according to a revenue department notification.

Surpassing expectations, Pakistan have made it to ICC Champions Trophy 2017 finals. Their fans are beaming with pride and looking forward to the potentially mind-blowing match against traditional rivals, India.

But if you ask former Pakistan batsman Aamir Sohail, the greens have reached this point by the ways of match-fixing.

Key mastermind of the 1993 Mumbai blasts case Mustafa Dossa and extradited gangster Abu Salem were on Friday convicted by a special TADA court here. Another accused who were convicted include Firoz Khan, Tahir Merchant, Karimullah Shaikh, Riaz Siddiqui, while Abdul Qayyum was acquitted of all charges.

Dossa was convicted on charges of conspiracy and murder under various sections of the IPC besides offences under the TADA Act, the Arms Act and the Explosives Act.

Tech giant Microsoft, chip-maker NVIDIA and Intel have made the investment for a Canadian artificial intelligence (AI) start-up Element AI, the media reported.

According to a report in Investopedia on Thursday, Microsoft made the investment through its venture capital arm Microsoft Ventures, while Intel did it through Intel Capital.

TVS Automobile Solutions, part of TVS Group, has acquired Bengalaru-headquartered CheckGaadi.com. The start-up provides vehicle inspection technology and CRM solutions.

While the company officials were not available for comments, sources confirmed the development and said it was an all-cash deal.

Sandeep Dadlani, the head of Americas and global head of manufacturing and retail for Infosys, has resigned, in a setback for chief executive Vishal Sikka.

On Thursday night, Infosys named two executives – Karmesh Vaswani as the Global Head for Retail, CPG & Logistics (RCL) and Nitesh Banga as the Global Head of Manufacturing – to replace Dadlani.

Spicejet, GoAir, Jet Airways and Vistara airlines on Friday joined Indigo and Air India to put Telugu Desam Party (TDP) MP Diwakar Reddy under no-fly list for his unruly behaviour with a staffer at the Vishakhapatnam airport.

Reddy, now, has become the second MP in three months to be banned from flying for his unruly behaviour.

Daily revision of petrol, diesel rates: Petrol and diesel prices will be changed on a daily basis. Starting today, the move by state-owned oil companies will mark a departure from the earlier practice of fortnightly revisions of rates, according to reports. Rates will change everyday depending on any movement in international oil rates. Yesterday, petrol price was reduced cut by Rs 1.12 per litre and diesel price was cut by Rs 1.24 per litre. Till now, prices were used to be revised on 1st and 16th of every month based on the fortnightly average of international oil price and the foreign exchange rate, the report says.

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