Business Today latest buzz on corporates
Business Today
Apollo Tyres stock closes 4.15% higher as promoters take a 30% cut in FY19 compensation

The unusually high compensation of managing director Neeraj Kanwar had forced minority shareholders in September-end to vote against his reappointment on the same position for a fresh term of five years. Neeraj Kanwar's current term ends in May 2019.

While the Sensex gained 579 points or 1.68% to 35,011, the Nifty rose 1.66% or 172 points to 10,553 level.
Tata Consultancy Services, Infosys and Wipro, collectively added 28,748 employees to their rolls, a nearly 130% jump against the hiring figures for Q1FY19.
Ruias are believed to have a back-to-back agreement with Russia's VTB group to raise Rs 55,000 crore as loan at 2-3 per cent interest.
SkyTran is a US-based technology company which aims to solve traffic congestion by introducing personal rapid transit systems.
The second quarter results for Infosys were expected to be good and the company doesn't seem to have disappointed the analysts.
BigBasket is reportedly in talks to raise fresh funds to the tune of $300-400 million that could propel it into the coveted unicorn club.
The Committee of Creditors of Essar Steel accepted the joint offer made by ArcelorMittal and Japan's Nippon Steel.
Former SBI chairperson Arundhati Bhattacharya has joined the board of Reliance Industries (RIL) as independent additional director.
Reliance Industries on Wednesday posted its highest ever net profit at Rs 9,516 crore in Q2 FY 19, up 17.35 per cent year-on-year (YoY).