The wife of a man who had held 23 children hostage and was killed by the police in Uttar Pradesh's Farrukhabad district has died after being beaten up by the villagers.

Twenty-three children were rescued and the captor was killed by the Uttar Pradesh Police after an eight-hour standoff and encounter that started on Thursday evening in Farrukhabad district.

Wipro slipped over 2 per cent in the morning trade on Friday after the company announced that Chief Executive Officer (CEO) and Managing Director (MD) Abidali Z Neemuchwala has decided to step down due to family commitments.

Neemuchwala, 52, is leaving due to family commitments and will continue to hold office until a successor is appointed, said Wipro in a regulatory filing.

Hyundai Motor India (HMIL) is expected to roll out a mass market electric vehicle product in two to three years.

The company expects the second half of the year to show improvement in domestic market and while there are concerns about the comparitively higher price for the BS-VI models, there might also excitement among the customers on the new technology, said Tarun Garg, director, sales and marketing division, HMIL.

Indian-origin technology executive Arvind Krishna has been elected Chief Executive Officer of American IT giant IBM after a world-class succession process, succeeding Virginia Rometty, who described him as the right CEO for the next era at IBM and well-positioned to lead the company into the cloud and cognitive era.

The IBM Board of Directors elected Krishna as company CEO and member of the Board of Directors effective April 6.

The Indian Banks' Association has dubbed the 12.25% wage hike offer to bank employees as adequate, given the financial strains lenders face, though employees associations have called a two-day all-India bank strike on January 31 and February 1 and threatened to escalate their agitations later on if their demands are not met.

IBA has convened a wage negotiation committee meeting with union leaders on January 30 to discuss the matter again.

Tata Motors on Thursday announced the retirement of Ralf Speth as Executive Director and Chief Executive Officer of Jaguar Land Rover (JLR) at the end of his contract term in September.

Speth will maintain his relationship with the Tata Motors-owned firm by taking up the role of non-executive vice chairman, N Chandrasekaran, Chairman of Tata Sons, Tata Motors and Jaguar Land Rover, said in a regulatory filing.

The Uttar Pradesh Police's Special Task Force on Wednesday arrested doctor Kafeel Khan from Mumbai for allegedly making instigating remarks at Aligarh Muslim University during a protest against the Citizenship Amendment Act and the proposed National Register of Citizens (NRC) last month.

The UP Police had filed an FIR at Aligarh's Civil Line police station against Khan under Section 153-A of the IPC for allegedly hurting religious sentiments.

Shares of Avenue Supermarts, which owns and operates the DMart supermarket chain, hit an all-time high of Rs 2,020, up 2 per cent on the BSE on Thursday in an otherwise weak market.

The stock surpassed previous high of Rs 2,011 touched on October 31, 2019. It has gained 5 per cent in the past two trading days. In comparison, the S&P BSE Sensex was down 0.52 per cent, or 216 points, at 40,982 at 10: 52 am.

India's gold demand is expected to rebound in 2020 as the government seeks to bolster consumer confidence and spending power to revive Asia's third-biggest economy, the World Gold Council (WGC) said on Thursday.

A rise in consumption by the world's second-biggest gold buyer would further boost global prices, which scaled a near seven-year high earlier this month, but could widen India's trade deficit and pressure the rupee.

Religious texts do not bar the entry of women in mosques and she is free to exercise her right to avail such facilities, the All India Muslim Personal Law Board (AIMPLB) told the Supreme Court Wednesday.

In a response filed in the apex court regarding a PIL, the AIMPLB said Muslim women like men are permitted to enter mosques to offer prayers and any fatwa contradicting this can be ignored as they have no statutory force.

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