Buisiness

BENGALURU/MUMBAI: Infosys promoters hold 54.2 crore shares (14.6% of total company shares), a stake so significant that the company’s latest dividend payout at Rs 43 per share translated into Rs 2,330 crore, shared among them. Infosys announced a total dividend of Rs 43 per share, including an interim dividend of Rs 21 per share for…

NEW DELHI: IndiGo doubled its wide body aircraft order by confirming the option for 30 wide body Airbus A350s. Now the airline has 60 A350s on firm order and has an option for 40 more. “We have signed the MoU with Airbus for confirming the option for 30 A350s. Their delivery starts in 2027,” airline…

NEW DELHI: The Adani group has denied the Wall Street Journal report, alleging links between its entities and Iranian LPG as “baseless and mischievous”.“Further, we are not aware of any investigation by US authorities on this subject. The WSJ’s story appears to be based entirely on incorrect assumptions and speculation. Any suggestion that Adani group…

New Delhi: Tesla is not interested in manufacturing cars in India, but is keen to have showrooms to sell its vehicles, heavy industry minister H D Kumaraswamy said on Monday.Officials said the EV giant’s plans is focused on importing cars into the country, amid indications that Tesla is eyeing concessions under the India-US bilateral trade…

NEW DELHI: As Indian carriers prepare to increase their share in international airtravel in and out of the country, India’s largest airline IndiGo has reacted sharply to Emirates’ long-standing demand for more flying rights for Dubai.“First of all, it’s called a bilateral agreement, right? That means two sides have to agree on something. If one…

India’s real GDP growth is projected to slow to 6.2 per cent in FY26, down from 6.5 per cent in FY25, according to a report released on Monday by Japanese brokerage firm Nomura.Nomura’s research report, quoted by PTI, highlighted a growing “divergence” between Goods and Services Tax (GST) collection growth and other high-frequency indicators such…

Salil Parekh (File photo from Infosys website) Infosys CEO and managing director Salil Parekh received a total pay of Rs 80.62 crore in FY25, marking a 21.6 per cent increase from Rs 66.25 crore in the previous year, according to the company’s annual report.The report details that Parekh’s remuneration comprised a base salary of Rs…

Image used for representative purposes Tata Group-owned Air India has been working on a top-to-bottom transformation for the last three years and has also placed orders for 570 planes, the airline’s CEO and MD Campbell Wilson said on Monday.“It is a transformative time for India and a transformative time for Air India…,” Wilson said, highlighting…

Pakistan’s economic recovery remains delicate as it works under a $7 billion International Monetary Fund programme. (AI image) Pakistan may not want to go to the world with a ‘begging bowl’, but the fact remains that its economy is in dire straits. During a recent address, Pakistan Prime Minister Shehbaz Sharif acknowledged the country’s extremely…

US Federal Reserve Governor Christopher Waller hinted on Monday that interest rate cuts could still be on the table in the coming months, even amid potential inflationary pressures from newly introduced tariffs.Speaking at an event in Seoul, South Korea, Waller said, “I support looking through any tariff effects on near term-inflation when setting the policy…