The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
According to a note prepared by the ministry for these projects, each Indian Institute of Information Technology would be set up at an investment of Rs 200 crore (Rs 2 billion) and the government would bear 85 per cent of the expenditure.
Defence Minister Rajnath Singh on Wednesday conveyed to US Defence Secretary Lloyd Austin India's concerns over Washington's decision to provide sustenance package for Pakistan's F-16 fighter jet fleet.
Modi's visit to the US will commence in New York, where he will lead the celebrations of the International Day of Yoga at the headquarters of the United Nations on June 21.
The export volume of China's information technology products is expected to reach 200 billion this year, China's ministry of information industry said on Friday.
The ministry of home affairs has recommended a ban on 54 Chinese mobile applications that pose a threat to the country's security, officials sources said on Monday.
The Madras high court on Thursday convicted a well-known Youtuber, A Sankar alias 'Savukku' Sankar, for criminal contempt and sentenced him to six months' imprisonment.
Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India.
IMD is preparing a concept paper on narrowing its grid resolution from 22 sq km to 10 sq km.
The government on Monday published a draft data policy for public consultation, which says all data collected, generated, and stored by every government ministry and department will be open and shareable barring certain exceptions. Also, detailed datasets that have undergone value addition could be monetised by the government. The policy document, called "Draft India Data Accessibility & Use Policy 2022", prescribes that a regulatory authority called the Indian Data Council (IDC) and an agency by the name India Data Office (IDO) will oversee framing metadata standards and enforcement, respectively.
China's software industry grew slightly faster in the first five months of this year, boosted by government's preferential tax policies.
A three-member expert committee has recommended to the Union human resource development ministry, upgrading Banaras Hindu University's Information Technology Institute into a full-fledged Indian Institute of Technology.
Cyber-security in India is at a nascent stage.
The ministry would spend about Rs 930 crore (Rs 9.30 billion) in the current fiscal year in information technology-related activities out of Rs 31,000 crore (Rs 310 billion) budget.
Union Minister for Communications and Information Technology, A Raja on Wednesday assured that the Indian IT sector that the ministry was doing its best to convince the government that the Software Technology Parks of India (STPI) scheme should be extended beyond 2009.
Security and intelligence agencies will soon be provided with a new platform which is technologically advanced, secure and helpful in dealing with new age criminals and anti-social elements, officials said on Wednesday.
Paytm plans to induct 5,000 manufacturers and sellers; has started programmes to identify and train new sellers.
Dayanidhi Maran lost his job following a family spat.
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
The Facebook-owned company brought out full-page advertisements in leading newspapers as part of their awareness campaign to help users identify and prevent the spread of false information.
A disagreement between mobile operators and device manufacturers over e-SIMs has reached the government with the Cellular Operators Association of India (COAI) asking the DoT to order handset manufacturers to introduce eSIMs, in addition to the physical SIM slot, in all smartphones costing over Rs 10,000. The reason is the unprecedented global shortage of semiconductors which has severely impacted the supply of SIM cards across the globe and pushed up the price by four to five times. The shortage is not likely to improve before 2024.
The millineum's first Mahamasthabhisheka of the 57-ft granite monolith of Lord Bahubali, atop the Vindhyagiri hills in Karanataka will have a Amateur Radio (HAM) facility to assist organisers in communication.
Finance ministry advises banks to invoke personal guarantees of all promoters whose companies have gone to NCLT for debt resolution.
The owner can pay registration fee for two years and the other amount in instalments in later years, in multiples of two.
The department has a network of more than 150,000 post offices across the country.
Of the 2,562 customer complaints received between January 2020 and March 2021, a majority relate to illegal apps. At least two dozen suicide cases have been reported, perpetrated by the harassment by loan app operators, points out Tamal Bandyopadhyay.
The top court also asked the Centre to submit its report in January on the notification of rules by which social media misuse can be checked and liability could be fastened on intermediaries to decrypt messages.
In the three months since the scam, Satyam's employee strength has reduced from 53,000 to 50,000, said a senior ministry of corporate affairs official. "Satyam continues to have strong revenues. The difference between its turnover and the next highest is around 10-15 per cent," he said. He did not disclose his idea of the revenue and net profit, saying it would interfere with the ongoing process for selling a strategic stake in Satyam.
The ban has been in force since last Friday.
The high court pointed out that only an interim RGO was appointed by Twitter and a wrong impression was given to the court on May 31 as it was not informed that the appointment was on interim basis.
The Department of Industrial Policy and Promotion (DIPP), the nodal department that handles intellectual property rights (IPR) related matters under the commerce ministry, is launching an ambitious Rs 300-crore (Rs 3 billion) project to sensitise all stakeholders, including law enforcement agencies, scientists, companies, ministries and the general public on IPR issues.
Twitter has blocked several accounts and tweets after the government asked the microblogging platform to take action against 250 handles and posts for containing 'false and provocative content' related to the ongoing farmers' agitation, according to sources.
The new mantra was to align Apple's ambition with the government's, focusing on Modi's favourite themes of Make in India, employment generation and India as a high-tech export hub.
Recently, there have been reports that the government is working on a scheme to offer education loans at a minimum rate of interest of 4 per cent.
Significant controls and exemptions to the government under the proposed Digital Personal Data Protection bill 2022 are likely to make it harder for companies to invest in data centres and data processing activities in India, according to global technology industry body ITI. The ministry of electronics and IT has floated draft Digital Personal Data Protection (DPDP) Bill 2022 and has invited comments on the same till January 2. "The Bill grants significant controls to the executive arm of GOI (Government of India) and delegates much of the detailed rulemaking authority to separate, as yet undefined processes.
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