Infosys has introduced a severance clause in the revised remuneration package for chief operating officer (COO) UB Pravin Rao, an entitlement which was available only to the chief executive officer, Vishal Sikka. “U B Pravin Rao will be entitled to receive severance compensation amounting to nine months’ fixed salary should his employment be terminated without cause,” according to the resolution passed by Infosys Board.

Foreign portfolio investors (FPIs) have bought stocks worth $1.4 billion so far in 2017, thanks to some big purchases in the HDFC Bank counter. That’s nearly half the amount of $ 2.9 billion that overseas investors pumped into the equity markets in 2016. Among India’s peer markets, Taiwan and Brazil have attracted the most foreign money so far this year. While Taiwan has witnessed an inflow of $3.07 billion, Brazil has attracted $2.37 billion of foreign funds. South Korea pulled in $1.76 billion and Thailand received the least amount of foreign investor money at just $123.5 million.

Addressing a campaign rally in Manipur’s Imphal, Prime Minister Naredndra Modi on Saturday said that country’s development is incomplete without Nort East’s development. Taking a dig at Congress, the PM said that Grand Old Party ‘ignored’ region for the past 15 years. “In 2014 when I was PM candidate,there was a rally at same place, but even half the ground was not occupied. Today its packed with crowd,” PM Narendra Modi said in Imphal. “No work done in 15 years, Congress ignored North East,” he added. “Until North-East does not progress, the country’s progress will never be complete,” PM Modi said. PM’s visit is a part of campaigning for the two-phased Assembly polls in the state.

Korean auto major Hyundai is planning to launch eight new cars in the next four years to accelerate its growth. Of these, three will be in new segments and the other five cars will get a facelift.

Hyundai Motor India Ltd's (HMIL’s) Managing Director Y K Koo said that in the next four years, the company will bring at least ten new products to India, including eight new launches.

Tata Consultancy Services (TCS) Chief Executive Officer (CEO) Rajesh Gopinathan is not “overtly perturbed” by the proposed overhaul of visa regime in the US but has sought a “level playing field” with similar policies for everyone. Gopinathan, who took charge as CEO this week, acknowledged there are political ramifications that need to be dealt with given the shift in demographics and political elements.

“All that we can ask for is a level playing field. As long as the rules of the game are similar, we are quite confident in our competitiveness that we can take on the best in the world...as long as we don’t see discriminatory policies,” Gopinathan told PTI in an interview.

Tata Consultancy Services (TCS), today announced that it has broken into the list of the Top 3 most valuable brands in the IT Services industry, in an assessment done by Brand Finance, the world's leading brand valuation firm.

"Just five years ago the TCS brand had achieved a major milestone, emerging as one of the big four brands in the IT Services sector. Through sustained growth in their brand value, they have now moved up one spot and consolidated their place along with IBM and Accenture at the top of the sector's foodchain," said David Haigh, CEO of Brand Finance.

Jaiprakash Power Ventures Ltd on Thursday said ICICI Bank has acquired its 81.44 crore shares under the strategic debt restructuring plan by its lenders.

"ICICI Bank Ltd has acquired 81,44,90,000 shares of Jaipraskash Power Ventures Ltd by conversion of debentures into equity," the company said in a BSE filing.

Bajaj Auto Limited and KTM Sportmotorcycle AG Thursday announced the much awaited launch of the KTM brand in India. Prices for the new Duke line-up now starts at Rs 1,43,500 for the new 200 Duke, going up to Rs 2,25,730 for the new 390 Duke. The price for the all-new 250 Duke is Rs 1,73,000 (all prices, ex-showroom Delhi)

Known for their legendary racing achievements, KTM is Europe’s second largest motorcycle manufacturer and dominates the off-road segment across the world.

Mumbai: National Stock Exchange of India (NSE) is redrafting its algorithmic trading policy following the findings of a forensic audit that the exchange’s systems were prone to manipulation, two people with direct knowledge of the matter said.

NSE has also hired consulting firm EY to audit the systems that facilitate algorithmic trading.

New Delhi: India is among the top five countries globally which saw the maximum number of millionaire outflows with as many as 6,000 ultra-rich people shifting overseas in 2016, 50% more than the previous year.

According to a report by New World Wealth, around 6,000 uber-rich Indians have changed their domicile in 2016, while in 2015 as many as 4,000 millionaires had shifted base.

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