Higher retail inflation has hit personal consumption expenditure: RBI bulletin

New Delhi (IANS) The Reserve Bank of India (RBI) has said that higher retail inflation has impacted personal consumption expenditure.

In its monthly bulletin for June 2023, released on Friday, it observed on the basis of national accounts data…

TCS bags $1.1 bn deal to digitally transform UK's Employment Savings Trust

New Delhi (IANS) Tata Consultancy Services (TCS) and National Employment Savings Trust (Nest), the UK's largest workplace pension scheme, on Wednesday, announced the expansion of their long-standing partnership in a 840 million pounds ($1.1 billion)…

Infosys launches certification in AI & Generative AI skills

Bengaluru (IANS) Infosys on Thursday announced to launch a free artificial intelligence (AI) certification training which will help learners make a conscious choice in building their careers and develop future-ready skillsets.

The certification…

India's largest private rail coach factory opens in Telangana

Hyderabad (IANS) India's largest private rail coach factory was inaugurated at Kondakal village in Rangareddy district near Hyderabad on Thursday.

Chief Minister K. Chandrsekhar Rao inaugurated the facility built by Medha Servo Drives Private…

Micron to set up $2.75 bn semiconductor assembly, test facility in India

Bengaluru (IANS) Micron Technology on Thursday announced to set up a new $2.75 billion semiconductor assembly and test facility in Gujarat, a day after Prime Minister Narendra Modi met Sanjay Mehrotra, the Indian-American President and CEO of Micron,…

IndiGo's order for 500 Airbus A320 family aircraft landmark for industry: Scindia

New Delhi (IANS) Civil Aviation Minister Jyotiraditya M. Scindia on Tuesday termed the IndiGo Airlines order for a staggering 500 Airbus A320 family aircraft as another landmark in the country's aviation industry.

Addressing the media here,…

Direct tax collection rises 11% to Rs 3,79,760 crore

New Delhi (IANS) Direct tax collections for 2023-24, as on June 17, stood at Rs 3,79,760 crore, compared to Rs 3,41,568 crore in the corresponding period of the last fiscal, representing an increase of 11.18 per cent.

The net direct tax collection…

Cash transactions dramatically spike at petrol pumps, online orders

New Delhi (IANS) One of the major benefits of the Centre's decision to withdraw the Rs 2,000 currency note might be the immediate uptick in consumption demand, according to the State Bank of Indias Economic Research Department.

"As per…

BSES to award contract for 5 million smart meters by July 2023

New Delhi (IANS) BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) are set to undergo a remarkable digital transformation with the phased implementation of their ambitious Smart Meter project.

This project aims to equip…

Govt to push alternative plant nutrients to cut fertiliser subsidy load by 50%

New Delhi (IANS) An ambitious scheme that aims to promote balanced use of fertilisers along with bio-fertilisers, called Promotion of Alternate Nutrients for Agriculture Management Yojana or PM PRANAM, is likely to be formally unveiled by the Centre…