Business

The report comes weeks after Narayanan said an interview that he would continue to lead operations following a reshuffle in the ranks after the departure of Flipkart group CEO Binny Bansal.

This comes following a net inflow of over Rs 6,900 crore in the equity market by Foreign Portfolio Investors (FPIs) on easing crude oil prices and a strengthening rupee.

India is followed by China ($67 billion), Mexico and the Philippines ($34 billion each) and Egypt ($26 billion), according to the global lender.

The current account deficit is likely to fall due to a sharp drop in crude prices that will take pressure off a depreciating rupee, analysts said.

With this acquisition, HCL Tech will get software products in areas of marketing, commerce, security and access to over 5,000 large clients across industries and geographic markets, along with sales and marketing teams.

The company has faced a tough year, with some of its services rejected in the United States, Australia, New Zealand and Britain over security concerns. Analysts say the allegations, if proven, could result in a ban with far-reaching global consequences.

The central bank said that the GDP growth in April-September of current fiscal has been broadly in line with RBI projection of 7.4 per cent for full fiscal.

The rupee opened lower at 70.70 a dollar and dropped further to quote at 70.75, 26 paise down over its previous close.

The BSE Sensex ended lower by 106.69 points, or 0.29 per cent, to close at 36,134.31. Similarly, the broader NSE Nifty edged up by 14.25 points, or 0.13 per cent, to end at 10,869.50.

One of the two Indian companies used to be a publicly-listed entity and has already faced the wrath of capital markets regulator Sebi for multiple violations, while the other firm is said to have political links in Tamil Nadu.

Padmasree Warrior, former chief technology officer (CTO) of Cisco; Komal Mangtani, senior director at app-based cab aggregator Uber; Neha Narkhede, chief technology officer and co-founder of streaming platform Confluent; and Kamakshi Sivaramakrishnan, CEO...

The captives have taken to Twitter and tagged Prime Minister Narendra Modi, saying the company was refusing to send money to defuse the crisis.

At the Interbank Foreign Exchange, the rupee opened on a higher note at 70.15 and then gathered further momentum and touched an intra-day high of 69.88, a level last seen on August 27.

The unanimous nine-member jury found in an Oakland, California court Wednesday that the TCS did not have a "pattern or practice" of intentionally discriminating against non-South Asian workers due to their race or national origin.

Forex dealers said, the US dollar weakened against other currencies overseas, after US Federal Reserve Chairman Jerome Powell comments that the central bank's benchmark interest rate is likely to be near a neutral level.

A majority of the 18-member board, now stacked with government nominees, intends to press for reduced curbs on lending and governance changes that would give the board more say, according to three sources with direct knowledge of what was said when the bo...