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Infosys to allocate 50 million shares to employees

The allocation of stocks that account for 1.15 per cent of the company’s equity shares will be made over a period of seven years, based on challenging performance criteria, including revenue growth and shareholder returns

China warns retaliation as US bans Huawei

The Bureau of Industry and Security (BIS) of the US Department of Commerce has followed up President Trump’s executive order by adding Huawei Technologies Co and its affiliates to the Bureau’s (banned) Entity List

RBI envisions `safe, secure and affordable' e-payment system

The National Payments Corporation of India (NPCI), the RBI designated e-payments implementation body, however, sees a slowdown in the adoption of its RuPay cards despite onboarding more than 1,100 banks in the Universal Payment Interface backed system

Trump declares national emergency over threats to US telecom

The order does not name specific countries or companies but appears to target Chinese tech giant Huawei, the world's biggest supplier of network gear used by phone and internet companies

Tata to merge consumer business into Tata Consumer Products

Tata Global Beverages and Tata Chemicals will combine their consumer product brands into a new focused entity called Tata Consumer Products Ltd, with annual turnover of Rs9,099 crore

India starts FY19 with a $15.33 billion trade deficit in April

India’s trade deficit grew 11.73 per cent year-on-year to $15.33 million in the first month of the current financial year (April 2018-19) with the country’s imports bulging to $41.40 billion and imports lagging far behind at $26.07 billion

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