MUMBAI: The Bombay high court has proposed an amicable settlement to the tussle in the Yes Bank case. The high court has posted the next hearing in the case for May 12.

The Madhu Kapur camp had earlier filed a revised petition before the HC against the appointment of three new whole-time directors. Alleging lack of corporate governance at the bank, the Madhu Kapur faction, whose request for appointment of Shagun Gogia as a director had been rejected by Yes Bank, also sought the court intervention to protect their interest.

New Delhi: Air India Ltd, the state-owned carrier, is in talks with Airbus Group NV to order single-aisle jets valued at $1.5 billion (around Rs.9,600 crore) in list prices, according to a person with direct knowledge of the discussions.

The carrier wants to purchase at least 14 A320neo aircraft, according to the person, who asked not to be identified as the discussions are private. An A320neo costs $106.2 million at list prices. Buyers usually get a discount when they order planes in bulk.

India is home to 56 of the world’s 2000 largest and most powerful public companies, according to the Forbes’s annual list which is topped by the US with its share of 579 companies.

Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian companies in the 2015 Forbes ‘Global 2000′ list.

In a fresh twist to the boardroom battle at Diageo-owned United Spirits, stock exchange NSE has asked the company to make public its inquiry report on alleged fund diversion to Vijay Mallya’s UB Group, but the liquor maker has rejected the demand citing ‘confidentiality’.

The matter is already being looked into by several agencies, including markets watchdog Sebi and the stock exchanges which act as front-end regulators.

Between Tata Consultancy Services (TCS), Wipro and Infosys, the three bigwigs of the Indian IT space, it seems that that employees are jumping the ship at a rate faster than ever.

The annual attrition rate at Infosys stood at 18.9%, Wipro average at around 15% and TCS shed nearly 48,000 employees last year, averaging at 14.9% in the last quarter of fiscal year 2015.

Markets have closed lower for the third straight session amid volatility weighed down by financials and oil shares.

The 30-share Sensex provisionally ended lower by 146 points at 26,572 and the 50-share Nifty was down 50 points at 8,047.

The Reserve Bank may cut rate by 25 basis point even before its monetary policy review on June 2 as inflation is easing and the US Fed tightening is expected by year end, SBI said in a research note today.

The rate cut is most likely to take place after May 12, when release of CPI data is scheduled, it said.

The near two-year old court battle between YES Bank and Madhu Kapur may finally come to an end in the Bombay high court on May 12.

On Thursday, the court suggested that both the parties should try and settle the dispute amicably but the final order has been reserved for Tuesday.

Infosys co-founder Kris Gopalakrishnan has invested an undisclosed amount in Chennai-based speech recognition solutions company Uniphore Software Systems in a Series A round of funding.

The funding will fuel Uniphore’s global expansion and product and core technology development plans.

Tata Motors, India's biggest automaker, is getting ready to pump new life into the ailing Nano as the company prepares to take another shot at the relaunch of the model.

The next-gen Nano due for launch in two weeks (May 19) will be the model's first major overhaul since its maiden launch, complete with new gearbox technology, updated interior and exterior looks and styling.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.