Ever since it started in 1981, Infosys has seen many annual general meetings. But the 34th annual general meeting by the company on Monday is significant on many counts. This is the first AGM of the company where none of its founding members will be present.

K V Kamath, the celebrity banker, who had become the face of the company in the past four years post the retirement of N R Narayana Murthy, will also be absent.

Are MNCs better at generating cash from their companies than their domestic counterparts? Data on dividend seem to suggest so - for FY15, there were four MNCs among the top 10 companies with dividend-earning promoters. While the Tatas topped the list with total promoter dividend earnings of Rs 12,018 crore, American tech giant Oracle was the second (Rs 4,193.4 crore), followed by Unilever (Rs 2,181.8 crore).

By contrast, many of India's prominent business houses earn low amounts as dividend from their companies, with the exception of tech majors. Azim Premji of Wipro was India's fourth-highest dividend earner in FY15, with dividend income of Rs 2,174 crore. He was followed by Mukesh Ambani, who earned Rs 1,464 crore as dividend from Reliance Industries.

New Delhi: The International Yoga Day event at Rajpath in New Delhi on Sunday made it to the Guinness World Records Book, with 35,985 participants performing asanas at one venue and 84 nationalities being part of it.

“It is a matter of pride for India that we have broken two records on one day,” minister of AYUSH Shripad Naik told reporters, citing the figures. He said Prime Minister Narendra Modi has congratulated all for the record set and successful conduct of the event.

The rupee strengthened by six paise to a fresh one-month high of 63.49 against the dollar in early trade on Monday, extending its rising streak for the fourth straight day on persistent selling of American currency.

Forex dealers said gains made by other currencies against the US dollar overseas and a higher opening in the domestic equity markets also supported the rupee.

Rising for the seventh straight day, the benchmark BSE Sensex rose 168 points in early trade on Monday as participants engaged in enlarging positions tracking a firm global cues amid steady progress in monsoon.

At 9.26 am, Sensex was up 162.67 points at 27,478.84. Similarly, Nifty was up 49.75 points at 8,274.70 during the same time.

Country's top stock exchange NSE will introduce an overnight liquid transaction facility on its web-based Mutual Fund platform, from June 22.

The facility will enable traders, especially small investors, to invest even for a single night in liquid funds.

Arundhati Bhattacharya, chairman, State Bank of India (SBI), assured shareholders that the current financial year is expected to be more promising than the previous year as a stable political establishment is turning the economic tide for the better in the country.

In a message to the shareholders in the bank's annual report, she said, "This is mainly because 2014 general elections produced a very stable political environment on the plank of commitment to growth.

The Securities and Exchange Board of India (Sebi) has completed its investigation into the eight-year-old case of Reliance Industries’ (RIL) fraudulent and unfair trade practices (FTUP), sources said.

“The investigation has been completed. RIL counsel would be awarded a final hearing in the coming weeks before any conclusion is reached,” said a source.

New Delhi: Snapping its two-day gaining streak, gold prices fell by Rs100 to trade at Rs27,100 per ten grams in Delhi bullion market on Saturday, tracking a weak global trend along with easing demand from jewellers.

Traders said besides a weak global trend, fall in demand from jewellers at existing levels, mainly capped the rising trend in the precious metal.

Facebook’s new app Moments will not be launched in Europe as the company fears that European regulators will object to its use of facial recognition.

According to The Verge, Facebook launched Moments earlier this week.

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