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Miscellaneous

India’s sovereign rating deserves an upgrade: FM

India’s sovereign rating deserves an upgrade: FM

India deserved an upgrade in credit ratings and sovereign outlook as the country's macro-economic situation is much better now, Union Finance minister P Chidambaram said.

Speaking on the sidelines of an event organized by the Competition Commission of India (CCI) on Monday, there was nothing to worry about the country's current macro-economic situation.

The Finance Minister said, "We deserve a ratings and outlook upgrade. There is nothing to worry as the macro-economic situation is much better now."

iGate CEO Phaneesh Murthy sacked following sexual harassment probe

iGate CEO Phaneesh Murthy sacked following sexual harassment probe

NASDAQ-listed software services firm iGate has sacked its president & CEO Phaneesh Murthy following a probe into a claim of sexual harassment.

Announcing Murthy's dismissal, the company said, "The investigation, which is ongoing, has reached the finding that Mr. Murthy's failure to report this relationship violated iGate's policy, as well as Mr. Murthy's employment contract."

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