With Congress vice-president Rahul Gandhi reluctant to take on the responsibility of leading his party in the Lok Sabha, party chief Sonia Gandhi on Monday nominated Mallikarjun Kharge as the leader of the party in the lower house. However, it is still unclear whether the Congress, with its all-time low tally of 44, will get the Leader of the Opposition status.

After the annual T20 cricket extravaganza, the Indian Premier League, Multi Screen Media (MSM) is roping in sponsors for the Fédération Internationale de Football Association (FIFA) World Cup 2014, which kicks off on June 13 in Brazil. The event will be telecast on MSM’s sports channels — Sony Six and Sony Six HD in English — and Sony Aath, the network’s only regional channel, in Bengali.

Three technology workers groups in the US have announced a boycott against Infosys, IBM and Manpower claiming that the companies have indulged in hiring practices that excludes US workforce from local job openings in that country.

The boycott will continue until these three technology majors demonstrate employment practices that follow laws prohibiting discrimination in the upcoming jobs for FY2016, the three groups-- Bright Future Jobs, Programmers Guild and Washtech, said in a press release. Recruitment for these jobs will start from October this year.

Telangana formally became the country's 29th state on Monday but it would take a while before it is reflected in the official geographical and political map as the ministry of home affairs (MHA) is yet to provide boundary details to Survey of India.

"The MHA will have to provide us with final boundaries of the state. Then we will incorporate them and release the official map. Some of the district boundaries in Telangana will become state boundaries with other state," an official of the Survey of India said.

Tata Motors Non-Executive Vice-Chairman Ravi Kant (pictured) retired from India’s biggest automotive company on Saturday at the age of 70.

Kant, an alumnus of IIT-Kharagpur, was managing director of the company before being promoted as vice-chairman five years ago. He, along with Prakash Telang (former MD who retired in 2012), is among the last batch of previous generation senior-level staff with the Mumbai-based company.

As speculation over information technology major Infosys’ hunt for its next chief executive officer (CEO) gathers pace, the Bangalore-based company observed fatigue building among its employees and investors. According to sources, few clients of the company have also started raising concerns over the search process and rumours of further exits from the company.

The new government seems to have spurred recovery in the automobile industry, with eight of the country's leading passenger vehicle makers on Monday reporting sales growth of 7.4 per cent in May.

These automobile manufacturers sold 190,193 vehicles in May, compared with 177,168 in the same month a year ago. According to data available with the Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle sales had in April declined 9.50 per cent to 188,541 on a year-on-year basis.

Mumbai: The 30-share bellwether BSE Sensex on Tuesday was trading flat after the Reserve Bank of India (RBI) opted to keep its key lending rate unchanged.

RBI retained the repo rate, at which it lends short-term funds to banks, at 8% but reduced the statutory liquidity ratio (SLR) to 22.5% from 23%, effective the fortnight starting 14 June.

Mumbai: A week after the National Democratic Alliance government assumed power, the finance ministry is trying to restart stalled projects that will also reduce the burden of bad loans on banks.

The ministry has asked some banks to submit a list of stalled projects to which they have lent money to see if there are ways to expedite clearances and make them viable, said officials at three banks.

New Delhi: In a move that will strengthen Vietnam’s case in its dispute with China over the South China Sea, India’s state-owned ONGC Videsh Ltd (OVL) plans to continue exploration in its oil block there.

The field is the South China Sea hydrocarbon block No.128 and OVL’s inclination for renewal is being seen as India’s attempt to assert its presence in the region. OVL had earlier agreed to continue exploring the block for two years after China had put it up for global bidding. This extension ends in June.

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