Consumer IT spending to slide further amid recession fears in Asia-Pacific

Singapor (IANS) The consumer IT spending in the Asia-Pacific region, already taking the brunt in the ongoing tight market conditions, is set to further slide in 2023, depending on the severity of the economic slowdown, according to an IDC report.

Akasa Air to launch commercial operation from August 7

New Delhi (IANS) Akasa Air, the airline promoted by billionaire investor Rakesh Jhunjhunwala, is set to launch its commercial operation with its first flight on August 7 on the Mumbai-Ahmedabad route.

The airline said that it will deploy a…

Tea production in Nilgiris increases by 6.9% due to heavy rain

Chenna (IANS) The Nilgiris district of Tamil Nadu, the largest producer of tea in South India, has witnessed an unprecedented increase in the production after heavy rainfall.

While the production of tea from January 2021 to June 2021 was 7.88…

Rupee depreciates to 80 against US dollar

Chennai (IANS) As predicted earlier, the Indian rupee on Tuesday crossed Rs 80 for a US dollar. The fall in rupee's value is owing to multiple factors like Russia-Ukraine war, outflow of foreign institutional investors and others, said experts.

No GST on food items when sold loose, clarifies Sitharaman

New Delhi (IANS) Following uproar in the Parliament over GST on food items, Union Finance Minister Nirmala Sitharaman on Tuesday defended the imposition of 5 per cent GST on food articles such as cereals, rice, flour and curd, which are pre-packaged…

RBI seeks regulations on cryptocurrencies: Sitharaman in LS

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Reserve Bank of India (RBI) has recommended framing of regulations for cryptocurrencies. The Indian government wants an international collaboration if such…

Global factors responsible for rupee depreciation: Sitharaman

New Delhi (IANS) Amid depreciation of the rupee against dollar, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday that global factors such as the Russia-Ukraine conflict, soaring crude oil prices and tightening of the global financial…

Flour, pre-packed food to attract 5% GST

New Delhi (IANS) Flour, curd and pre-packed food items are set to get costlier from Monday as the customers will have to pay 5 per cent GST on them.

Exemptions have been withdrawn for pre-packed and pre-labelled food grains.

Hotel accommodation…

Bank unions to start Twitter campaign against privatisation

Chennai (IANS) A day ahead of the start of the Parliament's Monsoon session, the United Forum of Bank Unions (UFBU) has given a call for a campaign on Twitter against privatisation of government banks, a top union official said.

All India…

Centre aims to make Big Tech pay for using content from news publishers

New Delhi (IANS) The Indian government is planning to make Big Tech pay publishers for using their content on their respective platforms, as other countries aim to create a revenue-sharing bridge between internet companies like Google and Facebook…