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10 February, 2017 5:32 AM Infosys Backs CEO Vishal Sikka, Downplays Governance Concerns

India's second biggest software services exporter Infosys Ltd firmly backed its chief executive on Thursday, downplaying corporate governance concerns and an alleged rift between the firm's founders and its board. Three founders, N.R. Narayana Murthy, Kris Gopalakrishnan and Nandan Nilekani, wrote to the board in January expressing concerns about Chief 68

10 February, 2017 1:59 AM Vivanta, Gateway hotels to wear Taj

Tata Group's hospitality arm Indian Hotels Co Ltd (IHCL), will migrate all the 58-odd Vivanta and Gateway-branded hotels in its network under one of the four brands viz. Taj Hotels, Taj Palaces, Taj Resorts and Taj Safaris by the end of this calendar year. This is being done as part of the new brand architecture unveiled by the company management on Thursday 214

9 February, 2017 4:41 PM Taj opts for single brand, drops Vivanta, Gateway

Tata group’s Indian Hotels Company Ltd. (IHCL), which owns and operates the Taj Group of hotels, has opted for a single-brand identity under Taj Hotels Palaces Resorts Safaris to reinforce the legacy of the Taj and to remain distinct from other top hotel brands. “This aligning of brand architecture is driven by the strong legacy of Taj across decades 178

9 February, 2017 1:39 PM Tata Steel sells speciality steel biz to Liberty House

Tata Steel has finally sealed the deal to sell some of its assets in Europe. Its specialty steel business has been sold to Liberty House for 100 million pound. Although the speciality steel business does not form a significant chunk of Tata Steel's revenues (only 4 percent of their overall revenues), it is important since it has about 1,700 employees 248

9 February, 2017 11:00 AM View: It's time Infosys founders demanded what they're entitled to as 13% owners

Infosys' billionaire co-founders should stop behaving like teenagers trying to buy their first packet of condoms and learn something from Paul Singer's Elliott Management. It took the activist hedge fund less than three months and a polite missive to Cognizant Technology Solutions Corp. for the latter to agree to return more cash to shareholders 253

9 February, 2017 4:00 AM Buy Granules India, Tata Comm, Tata Global, EIL: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, " Granules India is a buy with a stop loss at Rs 125 for target of Rs 140 and Tata Communications with a stop loss at Rs 755 for target of Rs 780. Telecom is gain showing some steam." "Tea stocks are doing extreamly well, so Tata Global Beverage is a buy with a stop loss at Rs 142 for target of Rs 154. The move in Engineers 175

9 February, 2017 4:00 AM Buy BEML, McLeod Russel, Tata Elxsi, JBF Industries: Thakkar

Mitessh Thakkar of miteshthacker.com told CNBC-TV18, "I have all buy calls mainly on the midcap side. BEML ended the day with some good set up of intraday charts. So, that is a buy with a stop loss of Rs 1,246, look for target of Rs 1,330." " McLeod Russel and a couple of tea stocks are clearly showing signs of an uptrend and it is possibly outperforming 168

9 February, 2017 12:04 AM AirAsia India Plans To Go International By Mid-2018

Low-cost carrier AirAsia India plans to start international operations from the second half of 2018, by which time the airline hopes to have a fleet of 20 aircraft. “We are currently at eight aircraft. We will get to 14 aircraft by 2017. Our intention is to get 20 aircraft as soon as possible... post which we would be able to go international,” Amar Abrol 181

8 February, 2017 7:41 PM Efforts underway to ensure that trouble brewing at Infosys does not flare out of control

BENGALURU: Concerted efforts are underway to ensure that the trouble brewing at Infosys, India’s second-largest software services company, does not flare out of control, according to two people aware of the developments who also said that among those involved is a prominent investor in the company — Baburaj Pillai. Reports of disputes over “internal 63

8 February, 2017 4:04 PM Pai backs founders: says Infosys destroying shareholder value

Former chief financial officer T V Mohandas Pai blasted the board and sought detailed answers from the board regarding concerns over corporate governance and ‘excessive pay packages. Amid the differences between the founders and the board of Infosys , the likes of NR Narayana Murthy, Kris Gopalakrishnan and Nandan Nilekani have got support from a different 68