Tata Consultancy Services, the country’s largest information technology services provider, has revoked a dismissal letter issued to a female employee and so informed the Madras High Court.

Last week, the HC had issued an interim injunction to restrain TCS from implementing the order for four weeks.

After a three-year wait, the country’s two largest homegrown automobile makers, Tata Motors and Mahindra & Mahindra (M&M), await the Indian Army’s announcement on new sports utility vehicles (SUVs). The choice is between the Tata Safari Storme and the Mahindra Scorpio.

The army, is expected to announce an initial order of about Rs 500 crore for almost 5,000 vehicles in the next few weeks, Business Standard has learnt from industry sources. In all, the order is likely to be worth Rs 3,000 crore for 30,000 SUVs over a 10-year period.

Shares of Housing Development and Finance Corporation (HDFC) is continued their its upward march on the bourses, with the market value of the country's largest mortgage financier company crossing the Rs two lakh crore mark today.

HDFC scrip gained 2.6% to Rs 1,284 on BSE, taking its market value to Rs 2,01,726 crore at 1041 hours, the BSE data shows.

Mumbai: It started innocuously, on 11 December, at a Tata Consultancy Services Ltd (TCS) press conference in Bengaluru, an annual event to announce the number of new employees TCS would be hiring.

The moment Ajoy Mukherjee, executive vice-president and global head (human resources) at TCS, mentioned the words ‘restructuring’ and ‘layoffs’, the focus shifted. Mukherjee’s other statements, although reported, didn’t. Statements such as these: This is a year-long process. It happens every year. This is for senior and mid-level executives who the company believes are non-performers.

ICICI Bank, India’s largest private sector bank, on Monday announced the launch of banking services on Twitter, the first of its kind service, in India.

Christened, ‘icicibankpay’, enables ICICI Bank customers to transfer money to anyone in the country who has a Twitter account, check account balance, view last three transactions and recharge prepaid mobile “in a completely secure manner”.

With the Modi government opting for ordinances eight times in as many months, President Pranab Mukherjee cautioned against the “ordinance route” being taken for normal legislations.

Ordinances are meant for specific purpose “to meet an extraordinary situation under extraordinary circumstances”, the President said citing the Constitution.

The National Highway Authority of India (NHAI) will soon prepare a detailed project report (DPR) for the capital region ring road project, estimated to be costing around Rs 900 crore, said a senior official of the Union government.

The Odisha government has agreed to bear the cost of land acquisition for the project. We have approved the project proposal and have asked NHAI to prepare a DPR for it.

The Vishva Hindu Parishad (VHP), an affiliate of the Rashtriya Swayamsevak Sangh (RSS), on Monday said the two-child norm should be strictly implemented on all communities or else, Hindu women should each have three to four children.

VHP joint general secretary Surendra Jain defended comments by a seer that each Hindu family should have 10 children. It said Vasudevananda Saraswati had made his remarks in the context of correcting the demographic imbalance being created in the country.

Aam Aadmi Party chief Arvind Kejriwal and BJP’s Kiran Bedi are pitted in a tough battle for the Chief Minister’s post in Delhi, according to a poll conducted by a news channel.

Kejriwal continues to be the most preferred chief ministerial candidate with 47 per cent, while Bedi, who joined BJP recently, is set to give a stiff competition as she managed the support of 44 per cent of the respondents, according to a ‘snap poll’ conducted by ABP News-Nielsen.

Indian stocks rose for a third day after Wipro, the third-biggest software exporter, reported profit that beat estimates and as crude oil traded in New York had its first weekly gain since November.

Wipro rallied the most in 18 months. Reliance Industries, owner of the world's largest refining complex, rose for a third day. Axis Bank jumped to a record. Hindustan Unilever tumbled the most since January 2011, after reporting the slowest sales growth in three quarters.

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