US Defence Secretary Jim Mattis will be retiring, with distinction, in February, President Donald Trump has said, a day after he ordered American troops to rapidly withdraw from war-torn Syria in an abrupt decision criticised by many as premature.

In his resignation letter sent on Thursday, Mattis told Trump it was the right time for him to step down because the US president deserved a defence secretary whose views are better aligned with yours on these and other subjects.

The country's second largest IT services company, Infosys, on Thursday announced the appointment of Nilanjan Roy (pictured), a Bharti Airtel veteran, as its chief financial officer (CFO) effective from March 1.

Roy, who has been with Airtel for the past 13 years, is the global CFO at the telecom major, a position he has been holding since August 2015. The post of a full-time CFO at Infosys was vacant since November 17 after its then chief financial officer M D Ranganath resigned citing personal reasons.

The government of Prime Minister Narendra Modi sought Parliament’s approval for an equity infusion of 23 billion rupees ($330 million) in Air India, effectively ruling out an immediate revival of its plan to sell the ailing carrier.

Modi’s bid to turn the airline profitable under his watch comes after the government failed to find any takers for its ambitious plan to privatize the national airline.

The board of India's biggest gas explorer Oil and Natural Gas (ONGC) on Thursday approved the share buyback of 253 million shares worth Rs 40.22 billion at Rs 159/share, which is around 7 per cent premium to the current market price of Rs 149.

The company has fixed January 4, 2019 as the record date for determining the entitlement and the names of the shareholders/ beneficial owners to whom the letter of offer will be sent and will be eligible to participate in the buyback.

New Delhi: A year into his role as chief executive officer of Infosys Ltd, Salil Parekh has made the first big hire at India’s second-largest information technology (IT) services firm by naming former Cognizant Technology Solutions Corp. executive Mark Livingston the head of the consulting business.

In a setback to Tata Motors, the Supreme Court has held that the company is liable to pay tax for possession of chassis of the motor vehicles manufactured by it before being delivered to dealers or purchasers.

While upholding the provision of imposing levy of tax under the Bihar Motor Vehicles Taxation Act 1994,

With Reliance Jio on Wednesday sticking to its stand that it would not take the responsibility for past spectrum-related dues of Reliance Communications (RCom), the fate of the Rs 25,000-crore spectrum trading transaction between the two hangs in balance.

As a result, the department of telecommunications (DoT) has withheld the no objection certificate (NoC) it had undertaken to provide by December 17.

The government will likely junk a recent proposal of a task force to set up a regulator for the e-commerce sector, a senior official told FE. However, in sync with the task force’s view, it could explore ways to curb alleged “market-distorting, predatory and differential pricing” of products through hefty discounts by e-tailers like Amazon and Flipkart in violation of foreign direct investment (FDI) rules, he said.

7 finals and 7 silvers later, PV Sindhu finally broke the jinx with the last tournament of the year. The Indian badminton star became the first Indian to win gold at year-ending World Tour Finals defeating Nozomi Okuhara of Japan 21-19 21-17 in the women's singles final on Sunday.

Benchmark indices fell sharply in early trade Thursday on weak global cues after the US Federal Reserve raised its key interest rate for the fourth time this year, and signalled more, but slower pace of rate hikes next year.

After opening over 250 points down, the 30-share Sensex was trading 166.63 points, or 0.46 per cent, lower at 36,317.70. The index had ended 137.25 points, or 0.38 per cent, at 36,484.33 Wednesday.

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