US equities end flat; Asian markets open on positive note
US equities ended Tuesday’s session mostly flat ahead of a key meeting between President Donald Trump and Chinese president Xi Jinping.
Asian shares were in positive territory on Wednesday morning, amid concerns over North Korea’s latest ballistic missile test which landed in the Sea of Japan.
Vishal Sikka guaranteed 90% of $11 million salary, no matter how poorly Infosys does
Infosys Ltd’s chief executive officer Vishal Sikka is assured of $10 million in annual compensation, irrespective of the company’s performance, because a clause in his employment contract makes him eligible to earn at least 90% of his total $11 million salary.
RBI clears proposal to introduce Rs200 notes
The board of the Reserve Bank of India (RBI) has cleared a proposal to introduce banknotes of Rs200 denomination, reports Mint.
Govt exceeds 2016-17 tax collection target, net revenue jumps 18%
Net tax revenue to the central government rose 18% to Rs 17.1 trillion in the year ended 31 March, aided by steady growth in direct taxes and a sharp jump in excise and service tax receipts.
Shankara Building IPO: Shares to list on 5 April
Shankara Building Products, which recently concluded its Rs350 crore initial public offer, will list its shares on the stock exchanges on 5 April. The IPO, which was open from 22-24 March, was subscribed 41.60 times.
H1B visa memo to have little impact on Indian IT firms, says Nasscom
IT industry body Nasscom said the US’s latest memo on H1B visas would have “little impact” on Indian IT firms as they have already started applying for visas for higher-level specialised professionals this year.
Aditya Birla Group gets RBI licence to start payments bank
The Aditya Birla Group said it has received licence from the Reserve Bank of India to start payments bank. Read more
ONGC Videsh to spend over $3 billion on Iran gas block
The overseas arm of India’s biggest oil and gas explorer Oil and Natural Gas Corp. (ONGC) intends to spend more than $3 billion on Iran’s Farzad-B natural gas block.
Bharat Forge plans to raise $500 million via offshore bonds
Bharat Forge Ltd, India’s largest auto parts maker, plans to raise $500 million in an overseas bond sale. The company will use the money to restructure debt and finance expansion, reports Mint.
