The turnaround story of India’s second-largest IT services exporter, Infosys, could get delayed further due to an inefficiently handled CEO selection process and senior management exits, impacting its revenue growth during the current fiscal, according to a brokerage house.

PUBLIC shareholding norms for public sector companies would be brought on a par with their private sector peers, said Sebi chairman UK Sinha, which would unlock sizeable funds for the government with estimates suggesting the cache could be in the order of Rs 50,000 crore.

In a first, Prime Minister Narendra Modi on Wednesday met secretaries of all the government departments collectively and asked them to directly get in touch with him to resolve policy issues and expedite decision-making.

Modi held a three-hour-long marathon meeting here with them with intent of giving the bureaucracy a greater role in decision-making with thrust on transparency and speedy and effective governance. To ensure that implementation of decisions and programmes are not stuck in “red-tape”, he asked secretaries to call him or e-mail him directly for suggestions or intervention required in resolving issues or expeding decisions, sources said.

Equated monthly instalments (EMIs) had so far brought you closer to your dream house, automobile, foreign travel, higher education and consumer goods — from air-conditioners to plasma TV. Now, it is also going to play a role in providing you timely health care and, perhaps, extending the longevity of those unable to pay for expensive life-saving drugs or medical procedures in one go.

India's top companies led by Indian Oil, Vedanta, Tata Power and Power Finance Corporation are raising loans abroad this month to take advantage of renewed investors' interest in the country.

While public sector Indian Oil is raising $650 million, Anil-Agarwal's Vedanta is marketing a $500 million loan among investors in the Gulf countries. Tata Power is also in the market to raise $200 million and has sought responses by July 11 from investors. Power Finance Corporation has hired bankers to raise $250 million in overseas loans in June.

Finance Minister Arun Jaitley might look at non-tax revenue and withdraw some tax exemptions to fund capital expenditure in his first Budget.

According to tax department officials, collections this current financial year are likely to be subdued, even as economic growth climbs above five per cent.

With the oil marketing companies' (OMCs') loss on sale of diesel coming down to Rs 2.80 a litre, many might be thinking a full decontrol of the fuel's price is on the cards. But it appears OMCs are unlikely to be given the freedom to raise prices on their own even after the underrecovery is wiped out.

The Securities and Exchange Board of India (Sebi) is likely to announce a series of changes to the initial public offering (IPO) framework, to help issuers and boost investor participation. Among the changes planned are removal of the Rs 4,000-crore minimum size criterion and an enhanced quota for the so-called anchor investors.

Madhu Kapur, widow of YES Bank co-founder Ashok Kapur, has appealed to the bank's shareholders to vote against most resolutions to be placed at the lender's annual general meeting on June 14.

"It is important to first clarify that as the second-largest shareholder of the bank, I do not desire the functioning of the bank to be disrupted in any manner whatsoever.

Car buyers are flocking again to showrooms, marking a steady increase in enquiry and booking levels in the past three weeks.

This reverses the weak consumer sentiment in the sector over the past 24 months. Dealers of cars and utility vehicles say buyers appear more confident in committing for a purchase than before the new government was formed at the Centre.

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