TCS chief Chandrasekaran named Tata Sons Chairman

Mumbai, Jan 12 (PTI) Tata Sons today named TCS Chief Executive Officer and Managing Director N Chandrasekaran as its new Chairman over two months after the unceremonious sacking of Cyrus Mistry.

Popularly known as 'Chandra', the 54-year-old was chosen to step into the shoes of interim Chairman Ratan Tata, who took over on October 24 last year after the removal of Mistry.

The decision to appoint Chandra, a Tata group veteran, was taken at a meeting of Tata Sons board here, sources said.

The decision followed a five-member search committee comprising Ratan Tata, TVS Group head Venu Srinivasan, Amit Chandra of Bain Capital, former diplomat Ronen Sen and Lord Kumar Bhattacharya zeroing in on Chandrasekaran. .

Trump says Russia did not try to compromise him, assails spy agencies

U.S. President-elect Donald Trump looks out from inside an elevator after appearing with Alibaba Executive Chairman Jack Ma after their meeting at Trump Tower in New York, U.S., January 9, 2017. REUTERS/Mike Sega

WASHINGTON : U.S. President-elect Donald Trump said on Wednesday that Russia had never tried to sway his actions and furiously blamed U.S. intelligence agencies for news reports that Moscow had compiled compromising information on him.

In a series of Twitter posts, Trump accused intelligence agencies of taking "one last shot" at him by leaking the information. "Are we living in Nazi Germany?" he asked.

Trump slammed as "fake news" the reports that classified documents presented to him last week by the heads of four U.S. intelligence agencies included claims that Russian intelligence operatives have compromising information about him.

"Russia has never tried to use leverage over me. I HAVE NOTHING TO DO WITH RUSSIA - NO DEALS, NO LOANS, NO NOTHING!" Trump wrote in one of the Twitter posts.

Two U.S. officials said Tuesday evening that the allegations on the Russian dossier, which one called "unsubstantiated," were contained in a two-page memo appended to a report on Russian interference in the 2016 election that was presented last week to Trump and to President Barack Obama.

Trump, due to hold his first news conference in nearly six months on Wednesday, pointed to the Kremlin's denials of the reports on the dossier that emerged late on Tuesday, first reported by CNN.

"Russia just said the unverified report paid for by political opponents is 'A COMPLETE AND TOTAL FABRICATION, UTTER NONSENSE.' Very unfair!" he wrote on Twitter.

The Kremlin said on Wednesday it was "total nonsense" that Russian officials had assembled a file of compromising information on Trump.

Reince Priebus, who will be Trump's White House chief of staff, called the Russian dossier report "phoney baloney garbage." He told NBC's "Today" show he had raised the matter with Trump. "He said it was 'total garbage and I'm keeping it clean,'" Priebus said.

Even before the reports, Russia had been likely to take center stage during Trump's first formal session with reporters since he won the Nov. 8 presidential election. The news conference was scheduled for 11 a.m. ET (1600 GMT) at his New York offices.

The Republican president-elect has long said he hopes to improve ties with Moscow, but this effort will come under intense scrutiny after U.S. intelligence agencies concluded that Russia used cyber attacks and other tactics to try to tilt the presidential election in his favor over Democratic candidate Hillary Clinton.

At the same time in Washington, Trump's nominee for secretary of state, former Exxon Mobil chief executive Rex Tillerson, will likely be grilled at his Senate confirmation hearing over his long business relationship with Russian officials including President Vladimir Putin.

There was an unpredictable element to Trump's news conference, given his repeated criticism of the U.S. news media and his belief that many news organizations favored Clinton in the 2016 presidential campaign.

Trump, a New York real estate developer, has been under pressure to separate himself from his global business operations to avoid any appearance of a conflict of interest once he succeeds Obama on Jan. 20.

Sensex soars 241 pts to hit 2-mth high; banks fuel rally

Mumbai, Jan 11 (PTI) Extending Tuesday's rally, benchmark Sensex on Wednesday surged nearly 241 points to close at a two-month high of 27,140 and Nifty reclaimed the 8,300-level on widespread buying triggered by a positive start of the earnings season and firm Asian cues.

Investors cheered better-than expected Q3 numbers in IndusInd Bank along with bullish Asian stocks ahead of US President-elect Donald Trump's news conference later in the day that will give his policy insight.

Besides, investors widened their bets on optimism that upcoming general budget -- to be unveiled next month -- would contain incentives for corporates, which will help boost the economy.

Anand James, Chief Market Strategist, Geojit BNP Paribas Financial Services Ltd, said, "Indian stocks opened on a firm note as banking stocks were propped up by IndusInd Bank as well as South Indian Bank's results which lent positivity at the start of Q3 season...metal sector got a shot in the arm following reports of reduction in Chinese production." 

IT stocks remained on the back foot ahead of US President elect Donald Trump's first press conference scheduled in the day, in the backdrop of reintroduction of bill on visa restrictions, James added.

The 30-share Sensex resumed higher at 26,978.44 and quickly breached the 27,000-mark to hit a high of 27,174.87 before winding up at 27,140.41, scoring a notable rise of 240.85, or 0.90 per cent. The Sensex had closed at 27,517.68 on November 10 last year.

The NSE Nifty also climbed 92.05 points, or 1.11 per cent, to end at 8,380.65 after trading between 8,389 and 8,322.25. (the key index had closed at 8,525.75 on November 10, 2016).

On Tuesday, IndusInd Bank reported a healthy growth in its net profit by 29 per cent and the Net Interest Income increased by 34 per cent despite cash crunch created by demonetisation, as investors negated apprehension in banking sector, lapping it up by 2.40 per cent.

The broader markets outperformed the headline indices with gains covering in metal, banks, finance, capital goods, utilities and power sectors, as IT sectors incurred profit- booking on caution as investors awaiting the key quarterly results of corporates TCS and Infosys.

Meanwhile, Midcap and Smallcap shares also traded with substantial gains.

Overseas, Asian stocks ruled higher ahead of the first address of US President-elect Trump. Markets are hoping for some concrete views from him on policy and a checklist of his priorities as he meets the press on Wednesday.

South Korea and Hong Kong gained 1.47 per cent and 0.84 per cent, respectively while Japan's Nikkei 225 Average settled 0.33 per cent higher. China ended lower by 0.79 per cent.

European shares trading mixed with London FTSE gained 0.15 per cent, while CAC and Dax down by 0.60 per cent to 0.41 per cent.

Govt strongly committed to continuing economic reforms: PM

Gandhinagar, Jan 10 (PTI) Strongly committing to continuing economic reforms, Prime Minister Narendra Modi today promised to bring a paradigm shift in polity and economy by providing corruption-free regime and easing processes to make India the easiest place to do business.

Addressing the biannual Vibrant Gujarat Global Summit, dubbed 'Davos of the East', that had Fortune 500 CEOs and global leaders in attendance, Modi said creating an enabling environment for business and attracting investments is his top priority.

"We have placed the highest emphasis on Ease of Doing Business," he said. "My government is strongly committed to continue the reform of the Indian economy."

Over the last two-and-a-half years, the government has worked relentlessly to realise India's potential and to set right the economy, he said, adding the results have been encouraging in substantial improvement in key macro-economic indicators like GDP growth, inflation, fiscal deficit, current account deficit as well as foreign investments.

"India has become the fastest growing major economy in the world. Despite the global slowdown, we have registered excellent growth. Today, India is a bright spot in the global economy. We are seen as the engine of global growth," he said.

Stating that highest emphasis has been placed on Ease of Doing Business, he said decisive steps to ease licensing processes and rationalise provisions and procedures relating to clearances, returns, and inspections have been taken.

"We are monitoring implementation of hundreds of action points across various sectors, aimed at improving the regulatory framework. This is part of our promise of Good Governance," he said.

As India moves closer to global best practices, the government's confidence has been boosted by the positive impact of our policies and practices. "This also gives us the motivation to further simplify our processes to become the easiest place to do business," he said.

"Every day, we are further rationalising our policies and procedures, to make it simple for businesses to establish and grow," he said. "We have liberalised our FDI regime in many sectors and in various ways. India is today among the most open economies."

The Prime Minister said the total FDI inflows since May 2014 have touched USD 130 billion, reflecting confidence of foreign investors in Indian economy. .

India & Portugal to work out a co-production agreement in Films Sector

Col. Rathore meets Portugal Minister of Culture Mr. Luis Filipe Castro Mendes

India and Portugal have agreed to work out modalities for a co-production agreement in the Film Sector.  The agreement would be framed in a time-bound manner keeping in mind the legal aspects of such an agreement.  A possibility of an MoU between the Public Broadcasters of both the Countries to share best practices and seek cooperation in Technical and Content related matters was also discussed. The discussions took place during a meeting between Minister of State for Information & Broadcasting Col. Rajyavardhan Rathore and Portugal Minister of Culture, Mr. Luis Filipe Castro Mendes today in New Delhi.

During the deliberations, Col. Rathore apprised the Portuguese Minister on the initiatives taken by Ministry of I&B to provide Single Window clearances for Foreign Film Producers in the country through the Film Facilitation Office.  He also highlighted the prestigious National Film Heritage Mission of the Government to Digitise, Restore, Preserve the rich filmic heritage of the Country.

Speaking on the occasion, the Minister also apprised the Portuguese Minister about the IIMC and FTII as the premier educational institutes in the field of Journalism and Film Production respectively in the country. The Ministers also discussed the possibility of Student Exchange programmes between educational institutions of both the countries. Ministers also expressed interest for possible co-operation in the areas of Renewable energy, information and communication technology and Start-ups.

The scheduled meeting of Prime Minister of Portugal with the film fraternity at Goa on 12^thJanuary 2017, organized by FICCI was also discussed where in many Indian Producers have also been invited.

The Ministers also expressed interest in sharing of experiences and best practices in Social Media to enhance the outreach.

Theresa May dismisses idea of 'hard' Brexit

London, Jan 9 (PTI) Prime Minister Theresa May today dismissed the notion of a "hard Brexit" and highlighted her plans for a "new relationship" with the European Union (EU) as Britain prepares to leave the 28-member bloc.

At the end of a major speech at the UK's Charity Commission today where she laid out her government's measures to tackle the stigma around mental health, she was asked if the stock markets were reacting to a flawed interpretation of Brexit.

The value of the pound has fallen to a two-month low against major currencies after media reports suggested May signalled the UK would pursue a "hard Brexit" from the EU.

Sterling fell about 1 per cent across the board, the BBC reported.

May said, "Well, I'm tempted to say the people who are getting it wrong are those who print things saying I'm talking about a 'hard' Brexit, 'it's absolutely inevitable it's a hard Brexit'. I don't accept the terms 'hard' or 'soft' Brexit.

"What we are doing is going to get an ambitious, good, the best possible deal for the United Kingdom in terms of trading with, and operating within, the single European market.

"But it will be a new relationship because we won't be members of the EU any longer. We will be outside the European Union, and therefore we will be negotiating a new relationship, across not just trading but other areas, with the European Union," she added.

May's speech came as she had outlined her plans to use the state to create a "shared society" yesterday.

She announced plans to speed up the provision of digital mental health services, to improve services for schools and to stop GPs charging patients up to 300 pounds for a form certifying their mental illness.

Under new measures, every secondary school in Britain will be offered mental health first aid training and employers and organisations will be given additional training in supporting staff who need to take time off.

"We have a once in a generation chance to step back and ask ourselves, what sort of country do we want to be," she said.

May said that mental health had been "dangerously disregarded" as secondary to physical health and changing that will go "right to the heart of our humanity".

She confirmed a new green paper would be published later in 2017 on children and young people's mental health to "transform services in education and within families".

The British PM also announced that mental health campaigner Dennis Stevenson will lead a review alongside Paul Farmer, the chief executive of the mental health charity Mind to look at how people with mental health problems can be better supported in the workplace.

I'm SP chief, party symbol should stay with me: Mulayam to EC

New Delhi, Jan 9 (PTI) Asserting that he remains Samajwadi Party president, Mulayam Singh Yadav today told the Election Commission that the convention called by Akhilesh Yadav camp was "unconstitutional" and that the party's electoral symbol of 'cycle' should remain with his camp.

Accompanied by his loyalists Amar Singh and Shivpal Singh Yadav, Mulayam also contested the affidavits of party leaders submitted by the party faction owing allegiance to his son and Uttar Pradesh Chief Minister, alleging they were forged and asked the EC to get them verified.

Party sources said he also told the EC that Ram Gopal Yadav, who had called the convention in which Akhilesh was made the party president, was expelled from the outfit before that and, therefore, the meeting was unconstitutional as per SP's constitution.

He also said that while there was a resolution appointing Akhilesh as party president and another one appointing him as its mentor, there was no resolution removing him from the party chief's post.

Trump accepts U.S. intelligence on Russia hacking, top aide says

U.S. President-elect Donald Trump (C) exits One World Trade Center following a meeting in Manhattan, New York City, U.S., January 6, 2017

WASHINGTON : President-elect Donald Trump accepts the U.S. intelligence community's conclusion that Russia engaged in cyber attacks aimed at disrupting the presidential election and may take actions in response, his incoming chief of staff said on Sunday.

Reince Priebus, the former Republican National Committee chairman, said Trump understands that Moscow was behind the intrusions into the Democratic Party organizations. "He accepts the fact that this particular case was entities in Russia so that’s not the issue," Priebus said on "Fox News Sunday."

Priebus' comments marked a major shift. Trump has repeatedly dismissed claims that the Russians were trying to help him, arguing that those charges are the product of his political opponents trying to undermine his victory.

It was the first acknowledgement from a senior member of the president-elect's team that Trump has accepted that Moscow was involved in the hacking and subsequent disclosure of Democratic emails during the 2016 presidential election.

In a statement on Friday after receiving his intelligence briefing, Trump did not refer specifically to Russia's role in the presidential campaign.

Priebus said Trump plans to order the intelligence community to make recommendations as to what should be done. Depending on those recommendations, "actions may be taken," he said.

He did not elaborate.

PM''s degree row: CIC allows inspection of DU records of 1978

New Delhi, Jan 8 (PTI) The Central Information Commission has directed Delhi University to allow inspection of records related to all the students who had passed BA degree in 1978, the year in which, according to the University, Prime Minister Narendra Modi had also cleared the examination.

The Commission rejected the contention of the Central Public Information Officer of the University that it was a third party personal information, saying it finds "neither merit nor legality" in it.

It directed the university "to facilitate inspection of relevant register where complete information about result of all students who passed in Bachelor of Arts, in year 1978 along with roll number, names of the students, father's name and marks obtained as available with the University and provide certified copy of the extract of relevant pages from the register, free of cost...." 

RTI applicant Neeraj had sought to know from the University the total number of students who appeared in Bachelor of Arts, Year 1978, besides result of all students who appeared in the examination along with their roll number, name of the students with father's name, marks and result pass or failed.

Denying the information, the Central Public Information Officer of the University had responded that the information requested is treated as "personal information of the students concerned, the disclosure of which has no relationship to any public activity or interest".

Information Commissioner Sridhar Acharyulu, however, said, "With regard to question whether disclosure of such identification related information causes invasion of privacy, or is that unwarranted invasion of privacy, the PIO has not put forward any evidence or explained possibility to show that disclosure of degree related information infringes the privacy or causes unwarranted invasion of privacy".

During the hearing before the Commission, CPIO Meenakshi Sahay said there are 2,00,000 students in "this year's BA programme, and unless the subject of BA programme is specified, it will be difficult to give the information sought such as the number of students appeared, failed, passed, etc in the year 1978".

She also said 1978 results were not in digitised form.

Neeraj said it is the past practice of Delhi University to publish such results on the notice board and at times in newspapers also, which means the information sought was available with the public authority and was published or put in public domain without any limitations mentioned by the CPIO.

The issue of 1978 DU degree records cropped up after Aam Aadmi Party raised questions about the degree of Prime Minister Narendra Modi, triggering a controversy.

"We have checked our records and it has been authenticated that Prime Minister Narendra Modi's degree is authentic. He cleared the examination in 1978 and was awarded the degree in 1979," Delhi University Registrar Tarun Das had said last year after the row erupted. .

Sania wins Brisbane women's doubles title but loses No.1 rank

Brisbane, Jan 7 (PTI) Indian tennis ace Sania Mirza picked up her first title of the season, combining with American Bethanie Mattek-Sands to lift the Brisbane International women's doubles title, but ended up losing the World No.1 crown to her partner.

The top-seeded Indo-American duo triumphed 6-2 6-3 against the second-seeded Russian team of Ekaterina Makarova and Elena Vesnina in the final here.

The trophy, however, ended Sania's 91-week reign as the world No.1 doubles player in the WTA rankings. That position was taken over by Bethanie.

"I feel like I'm handing over Miss World No.1 crown," Sania said in her post-match speech.

The Indian had come into the tournament as a defending champion, having won it with Swiss ace martina Hingis last year.

"We always have good matches (against Vesnina/Makarova).

It's great to come back as defending champion. Thank you to my partner and best friend. We go a long way, we play once a year, the last time we played, we won in Sydney," Sania said.

"I think we should play a lot more. Thanks for playing with me. I was No.1 in the world but congratulations to her for becoming No.1 now. If not me, than her, she has had an amazing year," she added.

Sania will go back to pairing with Czech Republic's Barbora Strycova in Sydney next week and the Australian Open, which starts on January 16.