Unearthing a major case of insider trading in the shares of L&T Finance Holdings (LTFH), the Securities & Exchange Board of India (Sebi) on Thursday barred Factorial Master Fund, a Cayman Islands-based hedge fund, from the Indian securities markets. The role of other entities, including some employees of investment banking major Credit Suisse, is also under the regulator's scanner.

In yet another top-level exit at Infosys, Prasad Thrikutam, global head of sales, marketing and strategic appliance, has quit the company.

Thrikutam, with Infosys for the past 19 years, was also heading Americas, the largest market for the Bangalore-based company.

Tata Consultancy Services (TCS), the country's largest provider of IT services, has over 300,000 people on its rolls and plans to add another 55,000 in the current financial year. This will bring TCS within striking distance of the country's largest employer in the corporate sector, state-owned Coal India which has 357,000 employees.

Infosys, India’s second-largest information technology services company, has said a few of its clients have sent queries on the rising attrition in the company, especially the exits of many senior leaders in the recent past. This is the first time the city-based company has spoken about clients’ concerns on such issues.

After two failed attempts on earlier occasions, the BSE benchmark Sensex on Thursday closed above the 25,000 mark, for the first time ever, on continued optimism about a turnaround in the domestic economy with a stable government at the centre.

The market got a boost from metal and mining stocks, which surged for a third straight session after positive manufacturing data from China earlier this week aided sentiment.

Mobile phone operator Idea Cellular Ltd plans to launch a share sale to raise as much as USD 500 million on June 5 to part fund its capital expenditure including a purchase of mobile radiowaves, three people involved in the deal said.

Mumbai, June 4: ICICI Bank seems to have begun preparing itself for a turnaround in the domestic economy. The country’s largest private bank is planning to raise its borrowing limit to Rs 2,50,000 crore from Rs 2,00,000 crore.

The lender will seek shareholders’ nod to increase the borrowing limit at its annual general meeting on June 30.

The CBI Wednesday registered 46 FIRs in a day in the Rs 10,000-crore Saradha financial scam, naming suspended Trinamool Congress MP Kunal Ghosh as one of the accused.

Of the 46, only four are fresh FIRs — three in West Bengal and one in Orissa — and 42 cases have been taken over from the Orissa Police, a CBI spokesperson said, adding the larger conspiracy angle, including the role of regulatory authorities and money trail in this scam, will also come under the scanner during investigation.

The benchmark BSE Sensex recovered by nearly 26 points in early trade on Thursday after Wednesday’s fall as funds and investors bought stocks of power, metal, infrastructure, consumer durables and realty companies amidst a mixed trend in Asian markets.

The 30-share index, which had retreated from the record closing high by falling 52.76 points on Wednesday, recovered by 25.96 points, or 0.10 per cent, to 24,831.79 in the opening trade.

The confirmation of Prime Minister Narendra Modi's visit to the United States means two things: that Mr. Modi is keen to extend his summit-level approach to bilateral ties past the subcontinent to the U.S. as well, and that U.S. President Obama wants to patch up the damage to Indo-US ties, enough to break with US protocol for a second year in a row for an Indian Prime Minister.

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