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Indian IT is on track to hit $300-350 billion revenues by 2025, says Nasscom

Special Correspondent Sector continues to be a net creator of jobs.

2hrs

Petroleum and Natural Gas Minister Dharmendra Pradhan. File

Centre proposes changes in law to include hydrogen in mineral oil

PTI Petroleum Ministry invites comments from stakeholders

5hrs

Satya Nadella, CEO, Microsoft, during a tech summit in Bengaluru. File photo

Microsoft names CEO Satya Nadella as chairman

Reuters The top-level executive change comes just over a year after Bill Gates stepped down from the board

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CII pitches for ₹3 lakh crore fiscal stimulus to push economic growth

PTI CII president T.V. Narendran also advocated for appointment of a “Vaccine Czar” for speedy vaccination coverage

File photo for representation.

Google announces ₹ 113-crore grant to set up 80 oxygen plants, upskill rural health workers in India

On April 6, 2021, the 30-share BSE index pared its initial losses and rebounded 313.14 points or 0.64 per cent to 49,472.46.

Sensex drops over 300 points in early trade; Nifty slips below 15,700

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Rupee slips 33 paise to 73.65 against U.S. dollar in early trade

A healthcare worker holding a rose receives an AstraZeneca's COVISHIELD vaccine, during the coronavirus disease (COVID-19) vaccination campaign, at a medical centre in Mumbai, India, January 16, 2021.

Speed, scale of vaccination to shape recovery: RBI Bulletin

Adani group building at Adani Shantigram near Ahmedabad on Tuesday June 15, 2021. Adani group stocks were in focus on Tuesday following clarification from NSDL

Adani stocks extend losses for a third session

Reuters Group had rejected report on funds

In this file photo taken on January 10, 2019, Alpha Mini robots that use artificial intelligence dance at the Las Vegas Convention Center during CES 2019.

Automation to cull 3-mn IT jobs by 2022: report

PTI ‘Firms set to reap $100 bn in savings’

‘India to have 330 mn 5G connections by 2026’

Special Correspondent 4G count to touch 830 mn: Ericsson

Opinion & Analysis

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A Budget that fails to address the hunger pandemic

Dipa Sinha In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all

A promising Budget with a few disappointments

M.Govinda Rao While the Budget promises to revive the economy faster, it continues to emphasise the protectionist trend

The Finance Minister has delivered, but the road ahead is long: on Union Budget 2021

Ananth Narayan This Budget scores very high marks on credibility and on its potential to create domestic output and jobs, but much more remains to be done

Markets

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A view of the BSE building in Mumbai. File

Sensex drops 179 points; Nifty ends below 15,700

PTI IndusInd Bank was the top loser in the Sensex pack

6hrs

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Rupee slumps 76 paise, settles below 74/U.S. dollar

PTI The domestic currency has lost 128 paise in the eight trading sessions to Thursday.

6hrs

Economy

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CII pitches for ₹3 lakh crore fiscal stimulus to push economic growth

PTI CII president T.V. Narendran also advocated for appointment of a “Vaccine Czar” for speedy vaccination coverage

A healthcare worker holding a rose receives an AstraZeneca's COVISHIELD vaccine, during the coronavirus disease (COVID-19) vaccination campaign, at a medical centre in Mumbai, India, January 16, 2021.

Speed, scale of vaccination to shape recovery: RBI Bulletin

PTI Second wave has hit domestic demand, write bank officials

Industry

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Della Leaders Club to raise $7 million

Infosys Finacle announces digital banking software as SaaS for UCBs

AlmaBetter to train 25000 data science aspirants

Online casual gaming to become a ₹16,900-cr. industry in FY25: KPMG study

Indian IT is on track to hit $300-350 billion revenues by 2025, says Nasscom

Centre proposes changes in law to include hydrogen in mineral oil

Flipkart challenges Karnataka High Court order allowing Competition Commission of India investigation

The CCI has launched an investigation after a complaint accused Flipkart and Amazon of promoting select sellers on their e-commerce platforms and using deep discounts to stifle competition.

Sensex drops 179 points; Nifty ends below 15,700

IndusInd Bank was the top loser in the Sensex pack

Rupee slumps 76 paise, settles below 74/U.S. dollar

The domestic currency has lost 128 paise in the eight trading sessions to Thursday.

CII pitches for ₹3 lakh crore fiscal stimulus to push economic growth

CII president T.V. Narendran also advocated for appointment of a “Vaccine Czar” for speedy vaccination coverage

T-Hub rolls out next batch of accelerator for startups

Under T-Angel, qualified startups stand to get upto Rs.50 lakh from angel investors.

Major banks, airlines hit in new global Internet outage

Many of the outages were reported by people in Australia trying to do banking, book flights and access postal services

Govt extends validity of motor vehicle documents till Sept 30

The government on Thursday extended the validity of motor vehicle documents like driving licence (DL), registration certificate (RC) and permits till

Google announces ₹ 113-crore grant to set up 80 oxygen plants, upskill rural health workers in India

The company is broadening its COVID-19 support efforts to help strengthen India's healthcare infrastructure and workforce.

Rupee slips 33 paise to 73.65 against U.S. dollar in early trade

On June 16, the rupee had settled at 73.32 against the U.S. dollar

Sensex drops over 300 points in early trade; Nifty slips below 15,700

In the previous session, Sensex ended 271.07 points or 0.51% lower at 52,501.98, and Nifty retreated from a record and declined 101.70 points or 0.64% to 15,767.55

Microsoft names CEO Satya Nadella as chairman

The top-level executive change comes just over a year after Bill Gates stepped down from the board

Business Live:

Updates from the world of economy, markets, and finance

Is Big Tech prioritising power over innovation

Lawmakers and regulators in the U.S., E.U., Australia and U.K. are going after Big Tech firms' anticompetitive practices. Last July, U.S. lawmakers probed Facebook’s Instagram acquisition, Apple’s App Store dominance, Google’s advertising practices and Amazon’s treatment of small sellers.

NCLT doubts Videocon plan confidentiality

NCLT has raised doubts over ‘confidentiality’ of the liquidation valuation of assets of Videocon Industries and 12 group firms during the insolvency

Power use grows 9.3% in June first half

Power consumption in India grew by 9.3% in the first half of June to 55.86 billion units (BU), indicating a slow recovery in commercial and industrial

‘Youngest, oldest lost jobs in 2nd wave’

When it comes to losing a job permanently, the youngest and the oldest segments in the workforce have reported an increase in setbacks in the second

Deal pricing in line with practice, law: PNB HF

‘Price higher than valuers’ floor price’

‘Organised platforms to contribute 45% of total pre-owned cars by FY25’

Used car market estimated to be 8.2 million units by FY25

JLR starts delivery of SUV Range Rover Velar

Jaguar Land Rover (JLR) India has begun deliveries of the new Range Rover Velar SUV in India starting ₹79.87 lakh, ex-showroom. The vehicle is

LTI to acquire digital engineering firm Cuelogic

Larsen & Toubro Infotech Ltd. (LTI) has signed a definitive agreement to acquire Cuelogic Technologies, a Pune-based digital engineering and

Blue-collar jobs portal Apna raises $70 million

Apna, a jobs platform for the working class, has raised $70 million in a Series B round led by Insight Partners and Tiger Global. Existing investors,

Automation to cull 3-mn IT jobs by 2022: report

‘Firms set to reap $100 bn in savings’

ICICI Bank unveils digital offering for corporates

ICICI Bank has unveiled ‘ICICI Stack for Corporates’, a set of digital banking solutions for corporates and their entire ecosystem including

Adani stocks extend losses for a third session

Group had rejected report on funds

Gearing up for Sputnik V commercial release: DRL

Dr. Reddy’s Laboratories said on Wednesday that the registration for Sputnik V on the CoWin portal will open for public with the commercial release of

Speed, scale of vaccination to shape recovery: RBI Bulletin

Second wave has hit domestic demand, write bank officials

Fuel demand revives in June over May

India’s fuel demand rebounded in the first half of June as easing of lockdowns helped sales but the consumption was still lower compared to last

‘India to have 330 mn 5G connections by 2026’

4G count to touch 830 mn: Ericsson

Explainer | What is hallmarking of gold jewellery?

The Bureau of Indian Standards (BIS) is the designated authority to implement hallmarking of gold jewellery and this move is expected to bring transparency in the jewellery trade and increase trust among consumers

Direct tax collections surge in 2021-22

Economists said the tax collections suggest the first quarter of this year could record double-digit growth.

India may have 330 mn 5G subscribers by 2026, data usage to reach 40 GB per smartphone: Report

Ericsson mobility report said the number of smartphone subscriptions was 810 million in 2020.

Gold slips by ₹48; silver up by ₹340

In the previous trade, gold had closed at ₹47,862 per 10 gram

India's exports up 46% to $14 billion during June 1-14

Imports too rose by 98.33% to $19.59 billion during the period

Cabinet nod for additional fertiliser subsidy worth ₹14,775 crore

Bid to provide relief to farmers as the kharif sowing season begins.

Rupee slips 1 paisa to close at 73.32 against U.S. dollar

The domestic currency has lost 52 paise in the seven trading sessions to Wednesday.

Sensex, Nifty fall from record highs, investors eye US Fed meet

PowerGrid was the top laggard in the Sensex pack.

I-T Department notifies cost inflation index for FY22 for computing long-term capital gains

The Central Board of Direct Taxes on June 15 notified the cost inflation index for the current fiscal (2021-22).

Today's top business news: Shares end lower on losses in financials, RBI likely to maintain status quo in August policy, RBI restrains DHFL from taking deposits, and more

Updates from the world of economy, markets, and finance

200 IBC pleas filed since Mar. 24: IBBI

About 200 applications for resolution of stressed assets have been filed under the insolvency law since the suspension of fresh proceedings ended on

Canara Bank to buy 12% stake in bad bank

Canara Bank said it will be the lead sponsor of National Asset Reconstruction Company Ltd. (NARCL), or bad bank, with a 12% stake in the entity. Bad

Govt., Infosys to sort out I-T portal glitches

Top Finance Ministry officials, while acknowledging that the new income tax filing portal has been ‘fraught with several technical glitches/issues

Adani Group shares close on a mixed note

Flagship Adani Enterprises gains 2.45%

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