India-born Punit Renjen to be Deloitte Global CEO

Punit Renjen was appointed as the Chief executive officer (CEO) of accounting giant Deloitte’s global operations. He will succeed Barry Salzberg and assume his new role of Deloitte Global CEO from 1 June 2015. Currently he is serving as US business Chairman and CEO of the Deloitte group. Deloitte is U.S. based accounting giant which is present across 150 countries including India and employs over two lakh people. It is one of the four largest audit firms in the world and competes with PricewaterhouseCoopers (PwC), KPMG and Ernst & Young (EY).

Infosys acquires automation tech firm Panaya for $200 million

India’s second largest IT services company, the Vishal Sikka-led Infosys has valued the latest acquisition of U.S.-based automation technology provider Panaya six times its revenue with an enterprise valuation of $200 million. This also gives the IT major a base in Israel and gets around 150 employees. This is the company’s second largest acquisition after it acquired Zurich-based consulting company in 2012 for around $350 million.

India, Sri Lanka signed agreements on Civil Nuclear Cooperation, Cultural Cooperation

India and Sri Lanka on 16 February 2015 signed bilateral agreements on civil nuclear cooperation, Cultural cooperation and Cooperation in the field of Agriculture during Sri Lanka’s newly elected President Maithripala Sirisen four-day visit to India.

Maharashtra’s ex-home minister RR Patil dies of cancer at 58

R.R. Patil, former Maharashtra Home Minister and senior Nationalist Congress Party (NCP) leader, died in Lilavati hospital in suburban Mumbai on Monday. He was 57 and had been under treatment for oral cancer for the past three months. He was Deputy Chief Minister in 2004 and was best known for his stint as Home Minister during the 26/11 terror attacks and  the man behind the action against dance bars in Mumbai.

Cartoonist Rajinder Puri passes away

Veteran cartoonist, columnist and political activist Rajinder Puri died on Sunday night after a brief illness. He was known for his witty political cartoons and was kept in the same league as R.K. Laxman, Shankar, Abu and Vijayan. He was associated with ‘The Hindustan Times’, ‘The Statesman’ and later with ‘Outlook’ magazine.

Daredevils buy Yuvraj for $2.67 million

For the second successive year, Yuvraj Singh attracted a record bid in the 8th IPL auction, this time from Delhi Daredevils who purchased the allrounder for Rs 16 crore (approx. $2.67 million). Last year, Royal Challengers had paid Rs. 14 crore (approx. $2.33million) for Yuvraj but had released him before the auction. There were two other million-dollar purchases of the auction. Daredevils made another high-profile purchase, signing Sri Lanka captain Angelo Mathews for Rs 7.5 crore (approx. $1.25 million), while India wicketkeeper Dinesh Karthik – who had attracted a bid of Rs 12.5 crore ($2.08 million) last year – was signed by Royal Challengers for Rs 10.5 crore (approx. $1.75 million).