Even as Infosys denied any governance lapses and emphasised that its board was "fully aligned with the strategic direction" of CEO Vishal Sikka, founder Narayana Murthy has raised questions about 'hush money', seeking an overhaul of the board.

In an interview to Economic Times, Narayana Murthy questioned if large severance payments to departing employees, particularly ex-CFO Rajiv Bansal, constituted “hush money“ and bemoaned what he described as a “concerning drop“ in corporate governance at the company.

Virat Kohli added to his legend on Friday by smashing his fourth career double-century in the on-going Test against Bangladesh in Hyderabad.

India's captain in all formats became the first batsman in Test history to score double-centuries in four consecutive series. The first of which came against West Indies (Antigua), then against New Zealand (Indore), then it was England's (Mumbai) turn, and finally Bangladesh.

A 72-year-old Italian woman, who claims to be a staunch devotee of Saibaba, has donated a gold crown worth about Rs 28 lakh to the famous temple in Shirdi.

Selini Doloras alias Sai Durga yesterday donated the gold crown, weighing around 855 gms and studded with gems, to the temple, Shri Saibaba Sansthan trustee Sachin Tambe said.

President Pranab Mukherjee will inaugurate the first phase of a solar power project in the President's Estate on Friday, an official release said.

The project would generate 670 Kw of solar power through rooftop solar panels installed on seven buildings in the President's Estate, it said.

Shares of State Bank of India (SBI) and Bank of Baroda (BOB) gained 2% on BSE in noon deal trade ahead of their October-December (Q3) results today.

The stock of SBI, India’s largest state-owned bank, was trading at Rs 281, close to its 52-week high of Rs 289, touched on November 11, 2016 in intra-day trade. In past one month, it outperformed the market by gaining 13% as compared to 5% rise in the benchmark S&P BSE Sensex.

Public sector lender Punjab National Bank (PNB) plans to take at least 250 defaulters to the National Company Law Tribunal (NCLT), as part of efforts to recovering dues promptly.

The bank has asked each bank circle to identify five defaulters where it can proceed with action at the NCLT to ensure they repay their dues. PNB has 76 circles across the country. This is one of the tools the bank is looking at to bring delinquent borrowers to the table.

The Food Safety and Standards Authority of India (FSSAI) is drawing up guidelines to regulate organic food.

The regulator will put up draft guidelines for organic packaged food and commodities in the public domain for suggestions next month.

New Delhi: Online retail biggies such as Flipkart, Snapdeal and Amazon have joined hands to raise concerns regarding tax collection at source (TCS) norms under the draft model GST law. Under TCS, e-commerce marketplaces will have to deduct a portion of the amount payable to sellers on their platform and remit it to the government.

The companies said this would result in a capital lock-down of about Rs400 crore per annum and also discourage merchants from selling online. The draft model GST law is due to be finalised at the end of this month.

Idea Cellular on Thursday said it has enabled a USSD-based platform for shopkeepers and customers to conduct digital transactions using Idea Money service.

USSD is mobile short code that enables financial and banking transactions even on feature phones.

North Korea could own up to 45 nuclear arms by 2020 owing to an anticipated rise in its reserves of plutonium and enriched uranium and its growing pace of arms development, a South Korean expert said on Thursday.

Pyongyang is thought to currently possess around 280 kg of highly enriched uranium, said Lee Sang-Hyun, vice-president at the research planning division of the Sejong Institute, one of the country's most influential think tanks, Efe news reported.

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