Infosys CEO Salil Parekh on November 11 said the company is "well positioned" to continue with its growth and margin trajectory in the quarters ahead on the back of its focus on digital, large deals, expansion of existing accounts and attention to new clients. Speaking at the Infosys Analyst Meet 2020, Parekh said the company has had a stable leadership team over the last three years.

The Competition Commission of India (CCI) has approved Google picking up 7.73 per cent stake in Jio Platforms for Rs 33,737 crore, clearing way for the internet giant to jointly develop entry level Android smartphones. The nod comes at a time when there is intense scrutiny over the impact of global firms including Google on smaller companies.

The Centre will receive an amount of ₹3,056 crore as dividend from Maharatna PSU Coal India Ltd as the miner has announced an interim dividend at a rate of ₹7.50 per share for the 2020-21 financial year, an official said. The total interim dividend outgo for Coal India will be ₹4,622 crore after the company's board approved it, he said.

India's central bank bought a net $8.17 billion in the foreign exchange market in September, well above the $5.30 billion it purchased the previous month, a monthly bulletin showed. The Reserve Bank of India (RBI) bought $13.32 billion and sold $5.15 billion in the market in September, it said in a bulletin released late on November 11.

CAMS on Wednesday reported a 15 per cent increase in profit after tax at ₹48.95 crore in three months ended September. It had a profit after tax of ₹42.61 crore in the year-ago period, according to a statement. However, revenues from operations for the second quarter ended September dropped to ₹171.14 crore from ₹173.83 crore in the same period a year ago.

Apollo Hospitals Enterprise on Wednesday reported a 30 percent decline in consolidated profit after tax (PAT) at Rs 60.3 crore for the quarter ended September. The healthcare major had posted a PAT of Rs 86.2 crore during the July-September period of the previous fiscal. Revenues for the second quarter declined by 3 percent to Rs 2,760.7 crore as against Rs 2,840.7 crore in the year-ago period.

TikTok, its future in limbo since President Donald Trump tried to shut it down earlier this fall, is asking a federal court to intervene. TikTok's Chinese owner, ByteDance, has until Thursday to sell off its US operations under an executive order that Trump signed in August. TikTok said this week it's received "no clarity" from the US government about whether its proposals have been accepted.

Pfizer Chairman and Chief Executive Officer Albert Bourla and Executive Vice President Susman Sally together dumped over 1.76 lakh shares of the company on the same day when the pharmaceutical major announced the results of its Covid-19 vaccine trial. In an SEC filing on late Tuesday, Bourla disclosed that he has sold 62 per cent of his stock holdings, or 1,32,508 shares, at $41.94 per share.

Shree Cements, one of the most profitable cement companies in India and part of the Bangur group, reported 8.17% growth in sales revenues at Rs3249.93cr in the Sep-20 quarter. This was a combination of higher volumes as well as better pricing in some of its key markets. From the lows of Jun-20, sales revenues have picked up 30% sequentially.

BankBazaar.com on Wednesday said FY21 will be a year of growth for the fintech company despite challenges, and it plans to hire over 500 people over the next few months. "Majority of the over 500 hires would be for the technology and customer service domains as BankBazaar looks to accelerate innovation and enable faster integration of digital KYC and analytics solutions" it added.

LIC Housing Finance on Wednesday reported 2% increase in standalone net profit for the quarter ending 30 September, 2020 at ₹791 crore. It was ₹772 crore in the year-ago period. The standalone revenue from operations remained nearly flat at ₹4,969 crore as compared to ₹4,972 crore in September 2019.

SpiceJet reported a consolidated loss of ₹105.61cr for the Sep quarter, its third consecutive quarterly loss, primarily due to muted travel demand following the coronavirus outbreak. The airline had reported a loss of ₹461cr during the same period of the previous year. Total expenses in the quarter fell to ₹1,422.21cr, down from ₹3,537.48cr during the same quarter of the previous year.

Amazon on Wednesday said that all parties had agreed to arbitration before the SIAC and the arbitral award is valid and legal. Subsequently, Amazon had written to Sebi, stock exchanges and Competition Commission of India (CCI), urging them to take into consideration the Singapore arbitrator's interim decision as it is a binding order, Future Retail had told the high court.

The board approved a proposal for buyback of 13,12,43,809 fully paid-up equity shares of a face value of Re 1 each from the company's shareholders at a price of Rs 105 per equity share payable in cash. The buyback will be for an aggregate consideration not exceeding Rs 13,78,05,99,945 (of, representing 5% and 5.05% of the total fully paid-up equity share capital and free reserves it added.

With Vijay Mallya’s extradition from the UK uncertain, banks can only look at monetising his assets in India, which include shareholdings in United Breweries and United Spirits. Mallya’s overseas assets are beyond their reach. So, what will the banks get if they sell Mallya’s shares in United Breweries and United Spirits?  Just about Rs 3,411 crore as against the Rs 11,000 crore he owes them.