While the most obvious beneficiary of this roll-out will be manufacturers of FASTags, or the Radio Frequency Identification chips, a PwC report says implementation of a pan-India electronic toll collection system on national highways may help save approximately Rs 87,000 crore annually.
Consolidated net profit rose to Rs 3,465 crore in its fiscal third quarter to December 31.
'With nearly double the market share of our nearest competitor, we are shaping the digital transformation journey of close to 1,000 clients in India.'
Even though North America still accounts for 60 per cent of Infosys's revenue, the company is starting to see good growth in Europe, which contributes around 25 per cent to the company's top line. Even Australia also has emerged to be a strategically important market, with a contribution of 10 per cent to the overall revenues.
The SIT was created by Supreme Court and notified by the government last year to curb black money.
BJP MP Kirti Azad on Sunday alleged that lots of companies were given crores of rupees by the DDCA and contracts were given out to fraud companies without any verification.
Joveo is not like Monster or Naukri.com!
The wait for the new iPhone is over as the tech giant Apple officially launched its new iPhone 13 and iPhone 13 Pro on September 14.
India's second largest IT firm Infosys has extended the tenure of its chief Vishal Sikka by nearly two years till March 2021, saying his initiatives have helped the company move towards reclaiming its industry leadership position.
Around 41 per cent of these companies saw such instances, compared to the global average of 29 per cent. India's number is higher than other countries such as the United States (26 per cent), the United Kingdom (32 per cent) and Japan (27 per cent). It is also worse than other emerging markets. China had 39 per cent of firms affected by data theft. It was 19 per cent and 16 per cent for Brazil and Russia, respectively.
Authorities on Saturday continued to dig up currency to the tune of lakhs of rupees, including in new notes, across the country.
In a further escalation of the confrontation between the Congress and the government, the opposition party claimed that a committee constituted by the Delhi government has found 'gross financial irregularities' in the DDCA during that period.
An embarrassed Central Excise Department on Tuesday hastily withdrew notices sent to four Bharatiya Janata Party offices demanding service tax on prime ministerial candidate Narendra Modi's rallies after angry reaction from the main opposition party which questioned the government's motive.
Takes a knock after RBS changes plan on Williams & Glyn; contract loss to impact 3,000 Infy staffers
The cloud kitchen market in India will hit $1.05 billion by 2023. Just 13% of the total market has been utilised so far.
Meru Cabs, one of the first radio taxi services in the country, is contesting service tax notices sent to it since 2010 in the Bombay High Court.
Bajaj sold his 18-month-old start-up WhiteHat Jr to Byju Raveendran for $300 million in an all-cash deal - over the video conferencing platform Zoom. The deal is the biggest in the Indian edtech sector by far.
Out of these, no balance has been found in case of 289 accounts
Will Infosys, which will announce its Q2 results on Tuesday, be able to break away from the single-digit growth rates the IT services sector has been seeing?
Real estate major DLF has come under the scanner of central revenue officials for allegedly evading service tax to the tune of about Rs 30 crore.
Falling private sector investment and farm distress are problems that call for immediate attention, says T N C Rajagopalan.
The only category of pharmaceuticals that showed a negative growth in exports this time was herbal products, exports of which stood at $299 million as compared to $ 312 million in the previous year.
80% of incremental enterprise investment to be in digital technologies by 2020.
The I-T department expects that some more revenue would be garnered.
Together, AT&T and TechM aim to improve the agility in rolling out and supporting networks of the future, while improving returns on investment through technology-led transformation.
The case relates to alleged wrong classification of mixed xylene
Infosys is steadily trying to get back its lost ground under Sikka.
A firm, which managed Prime Minister Narendra Modi's hugely successful Lok Sabha campaign, has come under the scanner of revenue authorities for alleged service tax evasion.
'The government must provide more funds to enable the armed forces to fight and win tomorrow's wars,' states Brigadier Gurmeet Kanwal (retd).
Sikka reinforces focus on automation & artificial intelligence
Infosys has been aggressively embracing automation tools.
Software market in India grew 10 per cent to $4.76 billion in 2013, driven by strong adoption of cloud or subscription-based services, research firm Gartner said.
Prohibition is resulting in prisons getting overcrowded.
One of the urgent tasks ahead for the new government should be to improve public trust in the executive.
DIAL is a joint venture consortium of GMR Group, Airports Authority of India, Fraport and Malaysia Airports Holdings Berhad.
Government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.
Vishal Sikka reiterates infy's commitment to surpass sector growth rate in FY17, be a $20-bn revenue firm in CY2020.
To increase local talent mix in the US like their major peer Infosys
Financial Intelligence Unit data show many of these societies have become the biggest draw for laundering money. Subhomoy Bhattacharjee reports.
Leyland expects the digital drive to help tap its in-house strength as well as segments such as passenger cars and two-wheelers.
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