The US-based outsourcing firm iGate is being investigated by a law firm to ascertain whether the company and its employees violated federal securities laws.

The iGate employee who was in a relationship with sacked CEO Phaneesh Murthy is suing him for sexual harassment, her lawyers said Wednesday, adding she is pregnant with his child. HT reports.

The 61-year old 1976 Bihar cadre IAS officer Shashi Kant Sharma replaced Vinod Rai, who superannuated yesterday after a five-and-a-half year eventful tenure as the head of the Comptroller and Auditor General of India.
The Supreme Court agreed to hear a PIL challenging appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India (CAG).
HT reports.
A telephone call about a bomb being planted in the Indian Institute of Management, Bangalore (IIMB) on Thursday created panic with the staff and the students being evacuated from the building but it turned out to be hoax.
Shashi Kant Sharma, an IAS officer of the 1976 batch from Bihar cadre, took over today as CAG of India, an office that has been in limelight for exposing a series of scams in government departments and opening a window for judicial activism.
Shashi Kant Sharma will take over as the Comptroller and Auditor General (CAG) today, succeeding Vinod Rai who demitted office yesterday after an eventful five-and-a-half years during which the audit body was locked in confrontations with the government.

In less than one year, diesel prices have gone up by over 20% since July 2012 largely due to a phased price decontrol. Prices of petrol on the other hand have gone down.
Sumant Banerji writes.
Hutong Cat |
@ Hindi HeartlandThe government’s fight against fraudulent collective investment schemes, like the Saradha scam, is set to get a boost with a top-level inter-ministerial body holding its first meet on Thursday.
The Delhi high court on Wednesday asked the Centre to come out with some law or methodology to prevent persons aged below 13 years from opening Facebook accounts.
Senior BJP leader Sushma Swaraj said the call on the party’s prime ministerial candidate for the 2014 polls will be taken by its parliamentary board at an ‘appropriate’ time after consultations with NDA partners.
As the UPA’s Report to the People was released, Congress president Sonia Gandhi gestured alliance leaders to get closer on the dais while posing for the photograph.
The UPA government would have been on its high horse by now had not food inflation and leakages in its public delivery system deflated the gains.
Drug maker Ranbaxy’s Japanese parent Daiichi Sankyo on Tuesday blamed the company’s former Indian owners for concealing and misrepresenting critical information about US probe into sale of adulterated drugs, and said it will pursue legal remedies.
The university had been deliberating on the issue for a long time and a final decision was taken on Wednesday.