Mumbai/Bangalore

India growth story to bank on internal consumption

India is a $2.6 trillion economy today — close to becoming the fifth largest in nominal terms globally. Its GDP has grown at 8.7 per cent CAGR over a period of 27 years, from 1991 to 2018. By 2030, India’s GDP is expected to reach a staggering $10 trillion, growing between 8 per cent-10 per cent a year. Its GDP in PPP (purchasing power parity) terms is $10.34 trillion today — the third largest in the world, as per a recent comparative analysis of the country’s economic growth between 1991 and 2018.

Infy files consent plea with Sebi on severance pay to ex-CFO Bansal

Bangalore-based IT major Infosys on Wednesday filed a consent application with the market regulator Securities and Exchange Board of India (SEBI) for settling a case related to non-disclosure of a severance pact with its former CFO Rajiv Bansal (in picture).

The company said it wanted to resolve the allegations that it failed to seek prior and separate approval of the Nomination and Remuneration Committee and the Audit Committee in relation to the severance agreement signed with former chief financial officer Rajiv Bansal.