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Latest News: Infosys CFO MD Ranganath Resigns


Infosys CFO MD Ranganath Resigns

Mavinakere Dwarakanath Ranganath, the chief financial officer at Infosys, resigned from his post at India’s second-largest software service provider to “pursue professional opportunities in new areas”.

The board of directors in a meeting today accepted Ranganath’s resignation and said the search for the next CFO will start immediately. Ranganath will continue in his current position as the CFO till Nov. 16, the company said in an exchange filing.

‘Singapore Will Remember Vajpayee as a Good Friend’: Foreign Minister

Singapore’s foreign minister has condoled the death of Atal Bihari Vajpayee on 16 August, saying that the former Indian prime minister will always be remembered as a good friend of the country.

Vajpayee was a selfless and visionary leader who made great contribution India, transforming the economy and elevating the standing in the region and the world.
Foreign Minister Vivian Balakrishnan wrote in the condolence book at the Indian High Commission.

“He oversaw strong growth in the relation between our two countries (Singapore and India) and will always be remembered as a good friend of Singapore,” Balakrishnan wrote.

WCD Ministry Summons Air India Chief Over Delay in Sexual Harassment Probe

The Women and Child Development Ministry has summoned Air India chief Pradeep Singh Kharola next week seeking explanation behind the delay in completing probe in a sexual harassment case, a senior official said.

Union Minister Maneka Gandhi had directed the head of the Internal Complaints Committee of Air India to complete the inquiry in June.

(With PTI inputs)

Panel Probing Jayalalithaa’s Death Summons AIIMS Doctors

The Justice A Arumughaswamy Commission of Inquiry, probing the circumstances leading to former Chief Minister J Jayalalithaa’s death, has summoned three doctors of AIIMS, who examined her at Chennai’s Apollo Hospital, to appear before it on 23 August and 24 August.

The commissioned has summoned G C Khilnani of the Department of Pulmonology, Anjan Trikha, Professor of Anaesthesiology, and Nitish Nayak, professor at the Department of Cardiology.

The expert doctors from the All India Institute of Medical Sciences (AIIMS) will be examined as the commission’s witness on both the days, panel sources told PTI.

(With PTI inputs)

US Sanctions Myanmar Military Commanders Over Rohingya Abuses

The US government today hit four Myanmar military commanders and two military units with punitive sanctions, accusing them of “serious human rights abuses” and “ethnic cleansing” in violently expelling minority Rohingya from their homes.

Military and border guard commanders Aung Kyaw Zaw, Khin Maung Soe, Khin Hlaing, and Thura San Lwin were accused of leading violent campaigns against the Muslim Rohingya in Rakhine state as well as minorities in Kachin and Shan states.

(With PTI inputs)

Demonetisation, GST Led to Decline in MSME Credit: RBI Study

An RBI study has found that the controversial note ban imposed in November 2016 has led to further decline in the already falling credit to the MSME sector, while GST rollout has not made any significant positive impact on overall credit to the sector but has deeply dented their exports.

The credit disbursal to the MSME sector has, however recovered a tad since the lows of 2017 to reach the mid-2015 level, notes an RBI report called the Mint Street Memo.

(With PTI inputs)

PM Modi Announces Rs 500 Cr Additional Aid For Kerala Floods

PM Modi has announced Rs 500 crore as immediate aid for Kerala floods, in addition to the 100 crore announced earlier, reported ANI.

PTI Chief Imran Khan Takes Oath as Pak PM

Imran Khan takes oath as Pakistan’s 21st Prime Minister at the President’s House, reported Dawn News.

Two Arrested for Burning Sacred Texts in Delhi

Two people have been arrested for burning copies of the Bible, the Geeta, the Quran, the Guru Granth Sahib and the Constitution on 15 August at India Gate in Delhi, ANI reported.

Will Extend Fresh Invitation to Mamata Banerjee: Chinese Official

A senior Chinese official in Kolkata said on Friday, 17 August, that his country will again extend invitation to West Bengal Chief Minister Mamata Banerjee to visit China and the dates for the proposed visit were being worked out.

Banerjee was scheduled to visit China in June but she cancelled the trip abruptly hours before starting her trip on 22 June.

She attributed the cancellation of the visit to “non-confirmation of political meetings at the appropriate level.”

(With PTI inputs)

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‘World Hindi Conference’ to Begin in Mauritius Today

The World Hindi Conference, aimed at popularising and expanding the reach of the Hindi language, is set to commence in Mauritius from Saturday, 18 August, ANI reported.

Held under the aegis of the External Affairs Ministry, Minister Sushma Swaraj and other ministers will be attending the event from 18-20 August. The 11th edition will see representation from 28 states and three Union Territories with a large government delegation of 377 people, reported ANI.

(With inputs from ANI)

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Updated: August 18, 2018 — 8:03 am
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