The number of crorepati Infosys employees - those earning Rs 1 crore or more annually - residing in India came down to 48 in FY16 from 111 in the previous financial year.

This could be, said sources, because many of them have moved to the client sites in the US this year, and their remuneration is not reflected in Infosys India's books. A lower bonus paid to senior employees could also be another reason.

New Delhi: Prime Minister Narendra Modi’s main national opponents lost control of two states on Thursday, diluting their ability to thwart legislation that’s key to his reform agenda.

The once-mighty Congress lost to the Bharatiya Janata Party (BJP) in Assam, ending its 15-year rule in the northeastern state. The Gandhi dynasty’s political organization also dropped Kerala and was only ahead in Puducherry.

The board of directors of market regulator Securities Exchange Board of India (Sebi) will meet today to discuss changes to the participatory notes (P-notes) framework. Ahead of the board meet Sebi chief U K Sinha gave sneak peek into what the market regulator might do today.

Speaking on the sidelines of the Asia Pacific Real Estate Association Summit, Sinha said, “SIT made some suggestion for us to make out some improvement in P-notes. We had our series of discussion and decision will be taken soon on this. Suggestion is there to get more information on P notes besides KYC norms which is already there in our present regulation.”

Consumer goods conglomerate ITC will be setting up eight new integrated food processing units by 2019, with investments in excess of Rs 4,000 crore. The planned investments are a part of its long-term plan to invest Rs 25,000 crore, majority of which will be allocated towards its food business, V L Rajesh, divisional chief executive, ITC Ltd said.

The fast moving consumer goods (FMCG) major has already acquired land for the proposed plants in states like West Bengal, Assam, Karnataka, Tamil Nadu and Maharashtra. An integrated plan at Kapurthala in Punjab, which currently produces various items like Atta and fruit juice, has been set up with Rs 1,400 crore of investment.

State-owned BHEL today said it has commissioned a 250 mw thermal unit in Maharashtra.

The unit has been commissioned at Parli Thermal Power Station (TPS), located in Beed district in the Marathwada region of Maharashtra, Bharat Heavy Electricals Limited (BHEL) said in a BSE filing.

Cairo, May 19 (Reuters): An EgyptAir flight carrying 66 passengers and crew on a flight from Paris to Cairo went missing on Thursday, disappearing from radar over the Mediterranean Sea, Egypt's national airline said.

Officials with the airline and the Egyptian civil aviation department told Reuters they believed the Airbus A320 probably crashed into the sea.

Days after NTPC issued a notice to Delhi-based BSES power distribution companies regarding regulation of power supply due to pending dues, the state-run power generator has withdrawn the notice after an amicable settlement was reached between the two parties.

The settlement talks were mediated by the Delhi Electricity Regulatory Commission (DERC).

Private explorer Reliance Industries (RIL), which is targeting to start production of coal bed methane (CBM) from its Sohagpur (West) block in Madhya Pradesh in FY17, has sought marketing and pricing freedom for the commodity.

On May 17, petroleum minister Dharmendra Pradhan reviewed the CBM output in the country that is still lagging way behind targets with the output being a meagre one million standard cubic metres per day (mmscmd).

The proposed merger of five associate banks with the State Bank of India (SBI) is a government-mandated move to set the bank consolidation into motion and create a large international bank in India. With the employees of associate banks, affiliated to All India Bank Employees Association, up in arms, calling for a strike on May 20 against the closure and takeover of associate banks by SBI, the government may be staring at a big issue.

Nokia on Wednesday announced that the brand will return to the mobile phone and tablet markets on a global level. "Under a strategic agreement covering branding rights and intellectual property licensing, Nokia Technologies will grant HMD global Oy (HMD), a newly founded company based in Finland, an exclusive global licence to create Nokia-branded mobile phones and tablets for the next 10 years," the company said in a statement.

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