The co- founder of India’s leading e-commerce market Flipkart, Binny Bansal sold around 54 lakh of his equity shares worth $76 million (₹531 crore) to
Premji, who turns 74 in July, will continue as a non-executive director and founder chairman.
Cognizant, whose headcount addition had outstripped revenue growth in the fourth and first quarters, will also pare hiring going forward to bring it in line with revenue growth.
The airline currently has over 92 aircraft in its fleet consisting mostly of Boeing 737s.
Under foreign direct investment regulations, a foreign airline can hold a maximum stake of 49% in an Indian airline, with majority control resting with an Indian partner.
Local traffic in March 2019 increased a tad to 11.60 million from 11.58 million in the same month the previous year.
The existing leadership teams of Indus Towers and Bharti Infratel will continue to manage their respective businesses till the merger becomes effective.
Since the beginning of this year, DHFL has seen its credit rating fall four notches at CARE Ratings and also at Brickwork Ratings to BBB+.
U.S. crude production reached 12.2 million barrels last week, slightly below the all-time high of 12.3 million registered in late April.
Infosys reported in financial year 2018 fewer than 30 employees who were based in India and who received salaries over Rs 1.02 crore.