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Infosys faces class action lawsuit in US for rigging its books

According to the complaint, Infosys made false and misleading statements to the market.

India

Dec 12, 2019, 07.10 PM IST

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INDIA

Nirmala Sitharaman, Ravi Shankar Prasad to speak at Times Network’s India Economic Conclave

Over the years, India Economic Conclave has been instrumental in addressing critical issues related to the country’s economy. As a platform, it has brought together the sharpest minds in business, governance and policymaking and has become the hallmark of economic thought leadership.

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  • The study evaluated 60 companies from the Indian ecosystem, comprising global capability centres (GCCs), technology service providers, startups, and Indian companies, to gain an understanding of the current diversity landscape, with the intent of baselining key practices to improve diversity.

    The project is part of the capacity auctioned by Solar Energy Corporation of India (SECI) under its tranche-IV auctions concluded earlier this year.

    As pollution levels in the entire north India rose alarmingly over the last two days, environmental organisations on Thursday requested Prime Minister Narendra Modi and all state governments to declare a national health emergency.

    Amazon plans to achieve its goal through a combination of formats including Amazon Fresh and Amazon Pantry and delivery of daily items from brick-andmortar outlets of partner retailers More, Future Group. The long-term goal for Amazon is to turn India into the largest overseas subsidiary for the Seattle-based company.

    Indigenously developed, NAVIC is an autonomous regional satellite navigation system that provides accurate real-time positioning and timing services. As per the NDAA 2020, approved by a bicameral conference report, the NAVIC system of India would be treated as “allied system” at par with the Galileo system of the European Union and QZSS of Japan.

    "We are going to achieve 100 GW solar energy target in 2022 by adding 67 GW of power," Javadekar said, while pointing out the sharp fall in the prices of solar energy due to enhancement of capacity

    "India's growth is now seen at a slower 5.1 per cent in fiscal year 2019-20 as the foundering of a major non-banking financial company in 2018 led to a rise in risk aversion in the financial sector and a credit crunch. Also, consumption was affected by slow job growth and rural distress aggravated by a poor harvest," Asian Development Bank said.

    As many as 50 trucks laden with onion crossed over to India across Attari check post and 55 trucks had brought the tuber on Monday this week. The landed cost of onion from Afghanistan is Rs 40-55 per kg while the local crop is priced at Rs 65- 75 per kg and retail prices are hovering over Rs 100 per kg. The spurt in international supply has cooled down wholesale prices of onion by 20-30%, said traders.

    "Imran Khan's comments on India's legislation constitute blatant interference in India's affairs...India is protecting minorities you (Imran Khan) failed to protect. With your views similar to the Congress on Article 370, CAB, etc, Tehreek-e-Insaf is looking like a new partner of Cong-led UPA," BJP spokesperson G V L Narasimha Rao said.

    India beat West Indies by 67 runs to win the third T20 International and also the three-match series by 2-1 margin. Batting first, India scored 240 for 3 riding on KL Rahul's 56-ball-91, Rohit Sharma's 71 off 34 balls and skipper Virat Kohli's unbeaten 70 off 29 balls. In reply, West Indies managed 173 for 8 in 20 overs with Pollard scoring 68 off 39 balls.

    Electricity demand fell to 94.60 billion units in November, from 98.84 billion units during the same period last year. India's power demand fell 13.2% in October from a year ago, posting its steepest monthly decline in more than 12 years, reflecting a deepening growth slowdown in Asia's third-largest economy.

    The conference report on National Defense Authorisation Act or NDAA 2020 identified five topics to be covered in the briefing, including a description of military activities of the United States and India, separately, in the Western Indian Ocean, and a description of military cooperation activities between the two countries in the Western Indian Ocean.

    CEO David Kohler says that the company is growing at over two times the growth rate of the market for past 5 years. For the company, India continues to be among its top three strategic markets after the US and China. Kohler is looking to double its exiting 500 outlets across the country over the next three years.

    “It is time to look in the mirror. Has the developed world delivered on its promises? Unfortunately, the rich industrialised countries have not met their Kyoto Protocol targets. Neither their NDCs reflect ambitions nor they have shown willingness to enhance their commitments,” said Environment Minister Prakash Javadekar.

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