The business wrap: Infosys amends severance pay rules after flak from founder, and other top stories
Other headlines: Google and Yahoo may remove links to torrent sites under a new UK anti-piracy code, and Carlsberg signed deals to expand its India operations.
A look at the headlines in the sector right now:
- Narayana Murthy ends row with Infosys board and CEO, but says his concerns remain: Vishal Sikka assured shareholders that corporate governance was the ‘core foundation’ of the company and reiterated his call to end ‘media drama’.
- Google, Yahoo, Bing could remove links to torrent websites under new UK anti-piracy code: The move is a result of talks between representatives of the search engine firms and entertainment companies, chaired by the UK’s Intellectual Property Office.
- Carlsberg India signs deals to expand its beer business in Maharashtra and Jharkhand: It inked manufacturing contracts with Lilasons Industries Ltd and Pali Hills Breweries to produce Carlsberg Elephant and Tuborg Strong.
- India markets ended flat amid positive bias from upcoming Consumer Price Index results: The Nifty PSU bank index dropped 3% following weak performances by Bank of Baroda, Bank of India and Oriental Bank of Commerce.
- Reliance Jio may start giving out numbers starting with 6: The 6-series numbers for the Mukesh Ambani-led company will first be available only in Rajasthan, Tamil Nadu and Assam.
- Khadi commission issues notice to FabIndia for selling products under its name without permission: It has sought an explanation from the retailer within 15 days, and threatened legal action if there is no response.