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-SGX Nifty falls tracking weakness after China PMI
 |
Chelsea Flower Show
The Queen, Prince Harry as well as garden gnomes turn up at the 100th annual Chelsea Flower Show. Slideshow
* Nifty futures on the Singapore Exchange are down 0.1
percent. The MSCI-Asia Pacific index excluding Japan
falls 0.07 percent.
* Asian shares wipe earlier gains on Friday as a tepid Chinese
manufacturing report dents sentiment, leaving investors on
tenterhooks ahead of U.S. nonfarm payroll data due at 1330 GMT.
* Earnings on Friday: Bharti Airtel, Jet Airways
, Bharat Heavy Electricals Ltd and IDFC Ltd
.
* India will launch a 10 percent stake sale in state-run Oil
India Ltd on Friday that could raise up to $550
million, as part of the government's divestment programme.
(abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
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