CEO Fired
iGate sacks CEO Phaneesh Murthy
Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Full Article
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MARKET EYE-Indian shares extend gains; financial stocks lead
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Chelsea Flower Show
The Queen, Prince Harry as well as garden gnomes turn up at the 100th annual Chelsea Flower Show. Slideshow
* The BSE index up 0.66 percent and the NSE index gains 0.51 percent. * Shares in State Bank of India rise 2.2 percent on hopes of better-than-expected results and lower non-performing loans in the September quarter, with results due on Friday. * Among other financial stocks, ICICI Bank gains 1.4 percent, while Housing Development Finance Corp is up 2.1 percent, on hopes of rising demand for loans in the holiday season. * However, Bharti Airtel falls 1.3 percent, erasing initial rise of as much as 2.6 percent, as investors factor in a one-off gain related to a telecom tribunal's judgment boosting revenue and profit. (abhishek.vishnoi@thomsonreuters.com)
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