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China restricts travelling by plane or train of 7 million bank defaulters!

While in India, we have people like Vijay Mallya who have easily escaped the country as well as the law with obscene amount of money his company owes the bank, countries like China have taken a very strict step for punishing the debtors and the defaulters. The Supreme People’s Court …

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India’s IT industry Agrees It Faces Twin Challenges: Trump And…

Automation and the new U.S. administration were the big unknowns at the tech sector’s annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the $150 billion industry, said companies with …

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Bajaj Auto corporate head criticises demonetisation move as a wrong idea!

Bajaj Auto Managing Director Rajiv Bajaj is the latest person to criticize the demonetization decision taken by the BJP government under Modi’s rule. At the annual Nasscom Leadership Forrum he said, “If the solution or the idea is right, it will go like a hot knife through butter. If the …

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Foreigners will be provided free SIM cards at the airports in India to boost tourism!

There will be some relief for foreigners visiting India in the near future as they will be receiving free SIM cards at the airports itself. The Indian Association of Tour Operators (IATO) have announced that foreigners with e-visas who will land at the Indira Gandhi International Airport in New Delhi …

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The Crisis At Infosys Over Its Founders vs Its Board

Infosys, India’s second biggest software services exporter, has firmly backed its Chief Executive, Vishal Sikka, downplaying an alleged rift between the firm’s board and its founders, who include NR Narayana Murthy and refuting allegations of governance lapses. Mr Sikka has the complete confidence of the board, it said, amid questions …

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In War Against Black Money, PM Narendra Modi’s Next Big Target Is Shell Companies

Over 550 people laundered nearly Rs. 3,900 crore through shell companies after the government banned high-denomination notes on November 8, the Serious Fraud Investigation Office (SFIO) told the Prime Minister’s Office on Friday that decided to set up a task force to track action taken against deviant shell companies. The task force …

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IT Firm Infosys’ Founders Raise Governance Concerns With Board

The founders of Infosys Ltd, India’s second-biggest software services exporter, have informed the company’s board that they have certain corporate governance concerns, according to a media report late on Tuesday. Infosys founders NR Narayana Murthy, Kris Gopalakrishnan and Nandan Nilekani wrote to the company’s board last month raising concerns including …

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Big Blow To Vijay Mallya, Court Orders Winding Up Of United Breweries Holdings

In a major jolt to liquor baron Vijay Mallya, the Karnataka High Court on Tuesday ordered the winding up of United Breweries (Holdings) Ltd (UBHL), the parent company of UB Group, for recovering dues payable by the UBHL-promoted defunct Kingfisher Airlines Limited. The creditors including BNP Paribas, the lead petitioner, …

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Tata Sons Shareholders Vote To Remove Cyrus Mistry From Board

Shareholders of Tata Sons, the holding company of Tata conglomerate, today decided to remove Cyrus Mistry from the board of the company, thus ousting the former chairman from the last official position he held in the Tata group. Tata Sons had convened a shareholders’ meet to decide on Mr Mistry’s …

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Aircel Maxis Case: Just No Proof, Says Judge, Ending Corruption Case Against Dayanidhi Maran

Former union minister Dayanidhi Maran will not be tried for alleged corruption, a Delhi judge ruled today in what is known as the Aircel-Maxis case. Mr Maran had been accused by investigating agencies of helping Malaysian group Maxis to acquire Aircel in exchange for a huge kickback of nearly 700 …

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