Engineering and construction major Larsen & Toubro (L&T), which is majority owned by its employees, is the only domestic firm to be featured among the top 25 companies in the Forbes’ global 2000 best employers list that is led by Google parent Alphabet.

While L&T is ranked 22, there are only four domestic firms in the top 100 list which include Mahindra & Mahindra at 55, Grasim Industries at 59 and HDFC at 91, and only 24 domestic companies in the overall list, according to the US magazine.

Infosys on Tuesday said it would pay its former chief financial officer Rajiv Bansal the pending severance package amount of Rs 121.7 million as directed by the arbitration tribunal in September this year.

“The company has received the legal advice and will comply with the award and make the necessary payments,” it said in an exchange filing.

Financially-stressed full-service airlines in the country are slashing their sales and distribution costs by renegotiating contracts, but such measures could compromise their market reach.

On Sunday, state-owned Air India selected UK-based Travelport as its exclusive ticket-distribution service provider in the country.

An executive of state-owned Indian Oil Corporation on Tuesday said the company was hoping to raise at least $300 million under the new working capital norms within 20 days from now.

IOC had last week said it would invest Rs 54.63 billion in setting up a city gas distribution network for retailing CNG to automobiles and piped cooking gas to households in seven districts.

A panel of female journalists has written to President Ram Nath Kovind demanding the dismissal of Union Minister M.J. Akbar who has been accused of sexual harassment by a dozen women in the wake of the #MeToo movement.

We are extremely concerned that he continues to be a minister in the Union council of ministers even as he pursues whatever legal course of action he plans.

Private sector lender ICICI Bank Tuesday said the RBI has approved Sandeep Bakshi's appointment as Managing Director and CEO of the bank for three years.

After resignation of Chanda Kochhar, who was facing inquiry, earlier this month, the bank's board had elevated Chief Operating Officer (COO) Bakshi as the new managing director and CEO for five years until October 3, 2023, subject to regulatory and other approvals.

The rupee weakened by 9 paise to 73.92 against the US dollar in early trade Tuesday on increased demand for the American currency from banks and importers.

At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92.

The Delhi Metro's Pink line will be opened by Diwali, according to various media reports. Pink line for Shiv Vihar-Trilokpuri Metro was scheduled to be opened in August as per a previous plan but then the deadline got extended.

Pink Line Metro will ease connectivity between North East Delhi and South Delhi by connecting Shiv Vihar and Lajpat Nagar.

Diwali has come early for e-tailers like Amazon and Flipkart whose Great Indian Festival and Big Billion Days Sales got over recently. With the 5-day long sale fst, both Amazon and Flipkart have amassed a whopping Rs 15,000 crore.

RedSeer Consulting in its report said e-tailers had a better sales performance over the five festive days from October 9-14, generating about Rs 15,000 crore (around USD 2 billion) in sales.

Jamaat-ul-Mujahideen, the Bangladeshi terror outfit, is planning to carry out serial blasts during Durga Puja celebration in West Bengal.

According to latest intelligence report, four JMB terrorists have sneaked into West Bengal. Intel inputs suggest that three locations in North Bengal - Jalpaiguri, Coochbehar and Siliguri are under the radar of the JMB terrorists.

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