Eight of top-10 firms add Rs 1.34 lakh cr in m-cap

McDonald's dismisses CEO over consensual relationship with employee

McDonald's Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday. The board found that Easterbrook, 52, who had led McDonald's since 2015, had "demonstrated poor judgment" involving the relationship, McDonald's said in a news release. Easterbrook relinquished his seat on the company's board as well.

Electric vehicles exempted from Delhi's odd-even scheme

The Delhi government on Sunday decided to exempt electric vehicles from the odd-even road rationing scheme starting from November 4. Delhi Transport Minister Kailash Gahlot in a statement said that the number of registered electric vehicles in the city was less than 1,000 and they are not likely to cause any congestion.

Yes Bank to raise over Rs 8,400 crore by December, give board representation to new investors

Private sector lender Yes Bank is aiming to finish a $1.2 billion (about Rs 8,462 crore) equity raising exercise by December and willing to give new investors a board seat, according to a top official. The bank, which has claimed that it is in discussions with potential suitors who are willing to pump in up to $3 billion (around Rs 21,156 crore) collectively, said it may raise the money either through the North American family office, which has made a binding offer to pump $1.2 billion, or through a combination of investors.

India has 10th largest gold reserves in the world, reveals World Gold Council data

While panic recently gripped the already slowed down Indian economy following media reports on India selling its gold reserves, the country has the 10th largest gold reserves in the world, revealed data released on Friday on the world official gold holdings. As per the World Gold Council's (WGC) data, India has 618.2 tonnes of the yellow metal as holdings, which is 6.9 per cent of the share held in gold in total foreign reserves.

Eight of top-10 firms add Rs 1.34 lakh cr in m-cap; TCS leads

Eight of the 10 most valued Indian firms together added over Rs 1.34 lakh crore to their market capitalisation last week, with TCS emerging as the biggest gainer. Reliance Industries (RIL), Hindustan Unilever (HUL), HDFC, ITC, Infosys, HDFC Bank and State Bank of India (SBI) were the other firms which witnessed a rally in their market capitalisation (m-cap) for the week ended November 1, while Kotak Mahindra Bank and ICICI Bank finished with losses.

WhatsApp snoopgate: Tech giant's payments service launch set to delay as govt flags safety issues

WhatsApp had informed the Indian government in September that 121 Indian users were targeted by the Israeli spyware Pegasus, but the IT Ministry has contended the information received from the messaging app earlier was inadequate and incomplete, according to sources. Sources at WhatsApp said the messaging platform has responded to the government's query last week, seeking an explanation to the Pegasus spyware that helped unnamed entities' hack into the phones of journalists and human rights activists across the world, including India.