Shares of Infosys tanked as much as 16 per cent to Rs 645 apiece on the BSE on Tuesday after the revelation that a group describing itself as ‘whistle-blower staffers’ had accused the management of hiding the true financial picture.

The latest charge is from an anonymous group, calling itself ‘Ethical Employees’. Their letter, dated September 20, was addressed to the board of directors and to the US markets regulator, the Securities and Exchange Commission (SEC).

The rupee on Tuesday opened 24 paise higher at 70.90 against the US dollar amid rise in Asian equities. The domestic currency on Friday closed almost flat at 71.14 per US dollar amid hardening crude oil prices and lacklustre global cues. Persistent foreign fund inflows propped up the local unit though the gains were capped by crude oil hitting the $60 per barrel mark, forex brokers said.

A delay of more than three hours in the running of Delhi-Lucknow Tejas Express on October 19 has cost IRCTC around Rs 1.62 lakh which the railway subsidiary will pay through its insurance companies as compensation to around 950 passengers, a first in the history of Indian Railways, officials said on Monday.

The government’s plan to revive BSNL should be in public domain within a month, the chairman of the troubled telecom firm said on Monday. BSNL Chairman and Managing Director P K Purwar also said that the salary of all employees will be paid before Diwali.

“BSNL has inner strength on the basis of which it is adding new customers. We are a Rs 20,000 crore plus revenue generating organization.

New Delhi: The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.49 crore.

In terms of the bank's revised policy on sale of financial assets, in line with the regulatory guidelines, the bank will place 11 accounts for sale to ARCs/banks/NBFCs and FIs, SBI said in an auction notice.

Pritilata Mondal is a railway mechanic. She works at the railway yard of the Santragachi station of the South Eastern Railways. Earlier this year, the railway authorities released a video of her day at work on YouTube. It was about how she got a job in the railways, how she was recruited as a mechanic though she had no technical knowledge about wagons, how she inspects wagons, repairs glitches and hammers the nuts and bolts back in place and so on and so forth.

Bengaluru: A few anonymous employees of global software vendor Infosys have accused its Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of unethical practices for many quarters.

"Parekh and Roy have been resorting to unethical practices for many quarters, as evident from their e-mails and voice recordings of their conversations," said the complainants,

The National Highways Authority of India (NHAI) is in dire need of funds for expanding the road network. Towards this end, the nodal government agency has put the fourth bundle of toll projects on the block, inviting bids under the TOT (toll-operate-transfer) model.

However, here’s why analysts and industry experts are sceptical about garnering any premium bids for this bundle.

Mumbai: Saudi Aramco, Rosneft, Kuwait Petroleum, ExxonMobil, Shell, Total SA and Abu Dhabi National Oil Co. are among companies that have had conversations with the government on asset sales and are likely to bid for the government’s stake in Bharat Petroleum Corp. Ltd, two people aware of the matter said.

The government is planning to invite preliminary bids for 100% stake sale in Air India next month and already some entities have expressed interest in the national carrier, sources said.

The airline is sitting on a debt pile of around ₹58,000 crore, besides huge accumulated losses running into thousands of crores.

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