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The Baseline
15 Feb 2017
Infosys fails to assuage investor concerns

India is planning to ramp up production of the homegrown Tejas aircraft, according to Defence Minister Manohar Parrikar. The aircraft however has been dogged by production delays at HAL, and only three have entered service so far. Parrikar however expects the two production lines to ramp up the launch of 16 aircraft for use in the Indian Air Force. 

Where are the minutes?: Infosys failed to record the minutes of the meeting that discussed Raji Bansal's severance pay, adding fuel to the argument raised by Narayana Murthy that the high severance package given to the former CFO indicates that the company may have had something to hide. CFO Bansal has not yet spoken out in response to the allegations of the Infy founders. 

Stock in spotlight: Bharat Forge, which has turned bullish on analyst recommendations despite a subdued December quarter.

Photo of the day: A Dassault Rafale fighter aircraft during the Aero India show at Yelahanka. Abhishek Chinnappa/Reuters

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