News digest: Kerala floods, L&T buyback, Infosys CFO quits, and more

Kerala floods: CM says initial loss at Rs 195 bn, Centre offers Rs 5 bn

Unprecedented flooding triggered by torrential rain in Kerala had inflicted a loss of about Rs 195 billion on the state’s economy, Chief Minister Pinarayi Vijayan informed Prime Minister Narendra Modi, who took stock of the situation on Saturday.

At least 324 people have been killed in rain and flood-related incidents, while 223,139 sheltered in 1,500 relief camps. The casualty figure was expected to go up, sources said. Read here

Infosys CFO Ranganath quits; move may impact firm's stabilisation efforts

In a move that might