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11:41 am - Saturday April 21, 2018

Archive: Business Subscribe to Business

RBI asks all payment system operators to store data in India

Agencies, Mumbai The Reserve Bank of India (RBI) on Thursday asked payments banks to store user data only in India, saying that public’s confidence in the system is key to its success. ‘’We are mandating that all payment system operators...

Tractor sales sees upswing in fiscal 2018

Agencies, Bengaluru Sale of tractors in domestic market continued to witness an upswing with a volume expansion of 19.4 per cent on a year on year basis. According to rating agency ICRA though the growth in Agriculture Gross Value Added during...

Microsoft to invest $5 bn in IoT over next 4 years globally

New Delhi, Microsoft has announced that the company will invest US$5 billion in the Internet of Things (IoT) globally over the next four years. “This increased investment will support continued research and innovation in IoT and what...

AAI signs Memorandum of Agreement (MOA) with Construction Industry Development Council (CIDC) for skill development

New Delhi, Following the past success of Skill Development initiatives in 2015-16 & 2017-18, Airports Authority of India (AAI) and Construction Industry Development Council (CIDC) signed a Memorandum of Agreement (MOA) on 28 th March,...

Impact of demonetisation, GST resulted into higher formalisation of economy: Jaitley

New Delhi: Finance Minister Arun Jaitley has said that the impact of demonetisation and GST implementation has resulted into higher formalisation of economy. In a tweet on Tuesday, Finance Minister Jaitley said, “This is further substantiated...

Cryptojacking skyrockets, signaling massive threat to cyber

Agencies, New Delhi Cyber criminals are rapidly adding cryptojacking to their arsenal and creating a highly profitable new revenue stream, as the ransomware market becomes overpriced and overcrowded, according to American software company Symantec’s...

523 Indian exhibitors participate at Defence Expo, largest ever

New Delhi, In an effort to become a global exporter of defence products, a total of 523 Indian companies have confirmed their participation in this year’s Defence Expo, largest participation ever by the domestic companies so far. Defexpo...

No immediate plan to slash excise duty on petrol, diesel: Govt

New Delhi, The government is not going to offer any immediate relief to the petrol and diesel consumers by way of slashing excise duty or bringing the petro products in the ambit of Goods and Services Tax (GST), a senior Finance Ministry official...