As Madhya Pradesh hopes to generate over 2 Gw of solar power in the next few years, state-run NTPC is planning to play a major part in it. In an interview with Sanjeeb Mukherjee, NTPC Chairman Arup Roy Choudhury said the company will invest Rs 5,000 crore in a solar power plant in Rewa district over the next few years. Edited excerpts:

NTPC has been engaged in Madhya Pradesh for many years and has been one of the oldest investors in the state. How do you plan to expand?

N R Narayana Murthy, co-founder and former chairman of Infosys, has decided to step down from all positions at the information technology (IT) company, but some measures he had initiated seem paying off. The Bangalore-based company on Friday posted all-round growth beating the estimates on many counts.

On joining Infosys in his second innings in 2013, Murthy had initiated a three-pronged strategy: Cost-rationalisation (which he said would start yielding results in six-18 months), sales effectiveness (which would take nine-21 months to show results) and delivery effectiveness (benefits from which would be visible in 18-24 months). Starting October 10, Murthy will no longer be the non-executive chairman.

The Securities and Appellant Tribunal (SAT) on Friday admitted a plea by Reliance Industries (RIL) against a Rs 13 crore penalty imposed by capital market regulator Securities and Exchange Board of India (Sebi).

Sebi in August had passed an order against RIL for allegedly failing to disclose of a key financial metric to investors.

Bharat Heavy Electricals Ltd (BHEL) has bagged orders worth Rs 7,800 crore from Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO). The order is for Engineering, Procurement and Construction (EPC) for a 1320 mega watt (MW) plant near Chennai.

The company said that the order is to set up a 2X660 MW coal-fired supercritical thermal power project at Ennore SEZ.

Bombay High Court has ruled in favour of Vodafone Group Plc in a transfer pricing dispute, two television stations reported on Friday.

Vodafone had appealed against the Income Tax Department's decision to add about Rs 3,200 crore ($523 million) to its taxable income for the financial year 2009/10, CNBC TV18 said.

It doesn’t take much to get investors excited about information technology (IT) stocks these days. Infosys shares jumped by around 6% after it announced dollar revenue growth of 3.1% for the September quarter, slightly ahead of analyst expectations of about 2.7% growth.

Net profit of Rs.3,096 crore was about 4% higher than the Street estimates, thanks to better-than-expected margins.

Microsoft chief executive Satya Nadella triggered uproar on Thursday after suggesting women in technology should trust karma when it comes to securing pay raises.

Nadella was speaking during an on-stage discussion at the Grace Hopper Celebration of Women in Computing conference in Arizona, when he made the remarks.

In compliance with a local court's order last week, police registered an FIR against former chief minister Ashok Gehlot, former Congress minister Chandrabhan and two others in alleged irregularities in the allotment of land to a Jaipur-based private hospital.

The matter has been sent to state CID-CB for further probe as the case concerns elected representatives.

Markets continued to trade weak weighed down by select index heavyweights even as Infosys helped offset some of the losses on the back of better-than-expected earnings.

At 10:20AM, the 30-share Sensex was down 233 points at 26,404 and the 50-share Nifty was down 70 points at 7,891.

Infosys, India’s second largest information technology (IT) services company, today cheered investors by posting a strong growth for July-September 2015 (Q2FY15), beating estimates on most fronts, as well as announcing a bonus share issue.

Additionally, in line with expectations, the company left its revenue growth guidance for FY15 unchanged at 7-9%.

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