NEWS-HIGHLIGHTS-BUSINESS

New Delhi, Aug 18 () Following are the top business
New Delhi, Aug 18 () Following are the top business stories at 1900 hours today:
DEL19 BIZ-3RDLD INFOSYS
New Delhi: Vishal Sikka, the first non-founder CEO of Infosys Ltd, has abruptly resigned due to the "continuous assault" and "campaign" by founder and ex-chairman NR Narayana Murthy, the USD 10 billion firm said today.
DEL51 BIZ-TAX
New Delhi: The tax department today said the number of individuals filing income tax returns has jumped to 2.79 crore this year from 2.23 crore last year, matching with the 56 lakh new tax payer addition stated by Prime Minister Narendra Modi.
DCM44 BIZ-STOCKS-2ND LD INFOSYS
New Delhi: Shares of Infosys ended sharply lower by nearly 10 per cent today, wiping out Rs 22,519 crore from its market valuation, after Vishal Sikka, the first non-founder CEO of the company, called it quits.
DEL38 BIZ-LD STOCKS CLOSE
Mumbai: Vishal Sikka's surprise resignation as Infosys CEO today threw markets off-track as the Sensex careened off 271 points while the Nifty managed to end above 9,800.
DEL15 BIZ-JAITLEY-GST
New Delhi: Finance Minister Arun Jaitley has written to state chief ministers seeking a cut in sales tax or VAT on fuels like natural gas that have been kept out of the GST but are used as inputs for goods that come under the new indirect tax regime.
DEL27 BIZ-INFOSYS-MURTHY
New Delhi: Infosys co-founder NR Narayana Murthy today said he is not seeking "any money, position for children, or power", while expressing anguish over the board's allegations that his "continuous assault" led to Vishal Sikka quitting as CEO.
DCM56 BIZ-RELIANCENIPPON-IPO
New Delhi: Anil Ambani-led Reliance Group's asset management arm today filed draft papers with markets regulator Sebi to float an IPO, which is expected to value the company at about Rs 18,000 crore, merchant bankers said.
DEL49 BIZ-RUPEE CLOSE
Mumbai: The rupee largely shrugged off the high volatility in stocks and ended steady at 64.15 against the US dollar even as investors reacted to US political turmoil and terror attack in Spain.
BOM14 BIZ-FOREX
Mumbai: The country's foreign exchange reserves rose by USD 163.8 million to touch a new life-time high of USD 393.612 billion in the week ended August 11, helped by rise in foreign currency assets (FCAs), the Reserve Bank data showed. SBT