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Hindustan Copper rises 10%
The stock gained 10 per cent at Rs 233.05, has frozen the upper limit of circuit filter on reports that the government is considering divesting its stake in copper producer. The Government of India holds a sizable 99.59 per cent stake in the company.

SC quashes criminal proceedings against Coca Cola manager
The Supreme Court has quashed criminal proceedings initiated against a Coca Cola company official in a case allegedly involving spurious Limca.

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Inflation a risk to recovery: World Bank
Asian economies must handle their monetary and currency policies carefully to avoid unleashing a wave of potentially destabilising inflation, World Bank President Robert Zoellick said today. The US and European economies, which are barely starting to recover from the global meltdown, are less at risk, but in Asia, the massive liquidity flowing into regional markets could push asset prices up dangerously high, Zoellick said.
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Mohandas Pai may succeed Nilekani: sources

Infosys has not named anybody who would fill Nandan Nilekani"s shoes but expressed confidence that leadership transition would be a smooth affair as was in the past. - PM picks Nilekani to head national ID card scheme - "We will miss him but the company will continue to run as usual" - What Nilekani will log on to in the ID project - Nilekani to step down from Infosys Board - Nilekani to have minister rank as Identification Project head - Infosys: Value at home "There is no discussion on this (Nilekani"s replacement) as of now," an Infosys spokesperson said today. According to industry sources, Mohandas Pai, HR head and a board member, is likely to succeed Nilekani. However, when asked the company declined to comment on this. "There are two things — one is as a member of the Board he (Nilekani) has resigned and the Board has to decide whether he needs to be replaced or not. Right now there are no discussions on that," Infosys CEO Kris Gopalakrishnan said talking to private television news channel CNBC TV18. "On his executive role, other people will take over ... we have exceptional leadership. Infosys will manage this without loosing any momentum as we have done in the past," he added. Analysts also feel that leadership transition would not be a problem for Infosys. From Narayana Murthy to Nilekani to Kris now, it has always been a glitchless affair, they pointed out. Nilekani yesteray resigned as Infosys co-chairman and a board member. The board has accepted his resignation.


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