NCLAT recalls order that allowed sale of RCom’s tower and fiber assets

The National Company Law Appellate Tribunal (NCLAT) on Wednesday recalled its previous order which allowed debt-ridden Reliance Communications to proceed with the sale of its tower and fibre assets. The sale of these businesses form an important part of the overall Rs 250 billion asset monetisation blueprint of the troubled company. The appellate tribunal would


Now is time to sacrifice margins for growth: Infosys CEO Salil Parekh

Salil Parekh didn’t get much time to settle in after taking over the helm of Infosys Ltd. Since becoming chief executive officer in January, the 53-year-old has crisscrossed three continents to meet with customers and employees to get his hands around the challenges facing India’s iconic tech-services giant. He talked with 48 clients in his


BPO firm [24] says it was breached; Sears and Delta Airlines affected

Business process outsourcing company [24] said it had discovered a hack that potentially affected online customer payment information of a small number of its clients. Customers such as Sears and Delta Airlines announced that their data had been affected in the hack. “The incident began on Sept. 26, and was discovered and contained on Oct.


Cong calls BJP govt ‘surveillance sarkar’ for proposal of set-top box chips

The Congress on Monday attacked the Modi government over its proposal to install a chip in television set-top boxes to ascertain viewership data, dubbing the move a serious breach of privacy and the “next stage of surveillance”. Congress communications in-charge Randeep Surjewala alleged that Information and Broadcasting Minister Smriti Irani wanted to now know what