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-Retail shares gain after favorable FDI vote
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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
* Retail shares rose after the government won a vote on allowing foreign supermarkets to operate in multi-brand retail. * Shares in Pantaloon Retail rose 2 percent to its highest in over a year. India's top retailer has surged 61.23 percent since Sept. 14, when the government approved 51 percent FDI in multi-brand retail. * Shoppers Stop, which operates the Hypercity retail chain, rose 4 percent. The stock has gained 32.1 percent since the reform move was announced. * Trent rose 0.6 percent while CESC was up 0.2 percent. (manoj.dharra@thomsonreuters.com)
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