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21st of January 2018

Economy



News digest: Squabble in SC, IIP growth, mobile data theft, and more

Mutiny in SC ranks: 4 judges go to people's court against CJI Dipak Misra Discontent simmering for some time came out in the open on Friday when four of the most senior judges of the Supreme Court held a press conference and assailed the functioning of the Chief Justice of India (CJI), Dipak Misra. The main allegations related to the opaque workings of the collegium, which selects judges, and flouting of conventions regarding the assigning of cases. Read more New Infosys CEO Salil Parekh starts stint with in-line Q3 numbers Infosys Technologies met Street expectations by reporting 38.3 per cent year-on-year growth in third quarter profits to Rs 51.29 billion, aided by a one-time gain from a US tax reversal.

Revenues of the Bengaluru-headquartered company at Rs 177.9 billion grew 6.5 per cent, on the back of improved staff utilisation and higher growth from digital deals, in a traditionally weak quarter ending December 31. Read more

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