Infosys on Friday said that it has appointed Michael Pesch as Chief Executive Officer of Infosys Consulting Holding (formerly Infosys Lodestone), with an aim of strengthening its consulting practice.

In this role, which would be effective April this year, Pesch, who has previously served as CEO of Germany-based arvato Systems Group would be responsible for Infosys'

Are you planning on buying the world’s cheapest smartphone? You might want to hold on as the Rs 251 smartphone has come under a cloud after the website has been crashing ever since the open sale began.

Ordering the phone online has been a struggle for most people, as the server takes them to the home page even if all the required details are correctly entered.

The Supreme Court has issued notice to Salman Khan based on the Maharasthra government's plea challenging his acquittal to Bombay High court in the 2002 hit-and-run case. During the hearing,the counsel for Salman Khan told SC that there was no reference in prosecution evidence that he was drunk and that the FIR didn't mention it either.

Earlier, Shaikh, Noorullah Khan’s son was quoted saying by Indian Express: “I forgive Salman, but now I don’t know who killed my father. It has been 13 years… even today, the question remains unanswered. The verdict has not brought any closure. In my view, his act was not intentional. It was an accident, and my father happened to be the unfortunate victim… the sentencing serves no purpose.”

India Ratings and Research has revised its outlook for the telecommunication services sector from stable to stable-to-negative for fiscal year 2017. The agency expects the launch of Reliance Jio Infocomm to intensify competition, which will squeeze the market share, operating margins and credit metrics of incumbents. The agency expects voice revenue to moderate in FY17 on stagnant minutes of usage (MoU) and further competition in call realisations.

Additionally, the agency expects data revenue to remain stagnant on a 30 -40 per cent decline in data realisations/megabyte in FY17 driven by RJio's launch, while support from data consumption growth to data average revenue per user will be gradual. The operators' debt profile will deteriorate in FY17 as the agency expects them to incur high capital expenditure on network expansion and acquisition of additional spectrum through trading, largely to compete with RJio.

Country's largest lender State Bank of India (SBI) today said it has raised Rs 3,000 crore from bonds to fund business growth.

The bank yesterday issued 30,000, Basel III compliant, Tier-ll bonds, in the nature of debentures, of face value of Rs 10 lakh each at par, SBI said in a statement.

Larsen & Toubro (L&T) said on Friday it has bagged orders worth Rs 1,404 crore across various business verticals.

In a BSE filing, the company said its construction arm "has won orders worth Rs 1,404 crore".

Shares of Bharat Heavy Electricals Limited (BHEL) has fallen below Rs 100 mark to Rs 98.75, its lowest level since August 2005 on the BSE.

The stock has underperforming the market by falling 23% from Rs 128 on February 10, after the company reported a huge loss of Rs 1,102 crore for the quarter ended December 31, 2015, (Q3FY16) compared to a net profit of Rs 213 crore in the same quarter last year. The S&P BSE Sensex was down 1% during the same period.

A day after violence returned to the Patiala House courts in defiance of the Supreme Court’s call for calm, the apex court on Thursday accepted that “something extraordinary is going on in this country” and agreed to hear the bail petition of JNUSU president Kanhaiya Kumar, facing sedition charges on the allegation that anti-national slogans were allegedly raised on the university campus.

I am a student of Jawaharlal Nehru University and not some hardened criminal, Mr. Kumar pleaded.

As part of its efforts to raise capital, Punjab National Bank (PNB) is weighing the options of diluting stake in some of its subsidiaries and selling off real estate assets.

We have so many investments, we have to take a call at the appropriate time. The bank may consider sale of certain important core assets. We are trying to get their valuations first. We need to decide what to dispose, how much it will fetch, PNB Managing Director Usha Ananthasubramanian told PTI.

Thermal Powertech Corporation India (TPCIL), which owns and operates a 1,320-megawatt coal-fired power plant at Krishnapatnam in SPSR Nellore district of Andhra Pradesh, has signed a long-term power purchase agreement (PPA) with the Telangana power distribution companies (discoms).

Under the power purchase agreement, 570 Mw of power will be sold to the southern and northern discoms of Telangana for a period of eight years. Together with the 500 Mw of power supplied to the Andhra Pradesh and Telangana power discoms under a 25-year PPA, Thermal Powertech has secured more than 85 per cent of its net total generating capacity under long-term power purchase agreements.

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