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The Union Cabinet on Wednesday approved the merger of two ailing state-owned telecom companies - BSNL and MTNL. SEBI and BSE have sought clarification from Infosys for not disclosing information regarding the whistleblower complaint. Larsen and Toubro (L&T) have reported a 6.83% y-o-y growth in consolidated net profit at Rs 2,770 crore for the second quarter of FY20. Read for more top stories from the world of business and economy:
The government had budgeted for a gross tax collection of Rs 24.6 lakh crore for the current financial year against the revised estimate of Rs 22.5 lakh crore for 2018-19, an estimated 9.5 per cent growth in 2019-20