First phase of Jewar airport gets government nod

Civil Aviation Minister Ashok Gajapathi Raju on Saturday said approval for the first phase of Jewar airport in western Uttar Pradesh has been granted.

According to the Civil Aviation Ministry, site clearance for the first phase of the airport at Jewar in Greater Noida is envisaged to be completed in five years. 

Elaborating on the project, Minister of State for Civil Av

Nasscom identifies key job roles in big data analytics

 The National Association of Software and Services Companies (Nasscom), as part of its reskilling initiative for the IT industry, has identified key job roles in the big data analytics domain.

At the fifth annual Big Data & Analytics Summit, which concluded here on Friday, the industry body identified six areas of specialisation in the big data analytics domain.

Bus

TCS hired over 12,500 US employees over five years: Study

 Global IT services, consulting and business solutions organisation Tata Consultancy Services (TCS) was among the top two job creators, recruiting more than 12,500 US employees from 2012-2016, a recent study by The Cambridge Group said.

TCS ranked number one in terms of US employee growth during that period, the study said, according to a release issued by TCS. The Chicago-based

Cyber threat most significant risk to business operations: Ficci

 A leading business chamber on Friday ranked 'Information and Cyber Insecurity as the most significant threat to business perception and operations in the country.

According to a Ficci report, in the recent past, there has been an increase in the incidences of cyber-attacks and potential espionage on cyber-security.

"'Information and Cyber Insecurity' h

Railways vows to improve infrastructure in N-E region

Railways has been laying great emphasis on improvement in Railway infrastructure in the North-eastern region, says Ministry Of Railways in a statement. The ministry said that North Eastern Region is served by Northeast Frontier Railway consisting of 8 states i.e. Assam, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya and Sikkim.

Out of 8 States of North Eastern Regio

Oil, gas refiners set to spend more on digital technologiesin

 Nearly two-thirds of oil and gas refiners plan to increase their investments in digital technologies over the next three-to-five years, a new study revealed on Friday.

The study, conducted by global professional service company Accenture, said that reducing operational costs appeared most frequently in the top three business priorities that will drive the next digital investment

Suresh Prabhu eyes alternatives for Dhanbad-Chandrapura rail line

The Railways Ministry is working on putting in place alternative arrangements in view of closure of Dhanbad-Chandrapura Railway line on the back of Jharia coal field fire. The Ministry of Railways said in a release that, “The Ministry of Railways is constantly working on putting in place alternative arrangements in the wake of closure of Dhanbad-Chandrapura Railway line due to Jharia coal

IT export growth projection is realistic, reasonable: Experts

The projection by Nasscom that Indian IT exports would grow 7-8 per cent in the current fiscal is realistic and reasonable and reflects the current global business environment, say senior figures in the sector according to PTI.

The numbers put out by the industry body are very realistic because the global IT spending is not going up this year and there are political uncertainties in t

Domestic tourist visits rise 12.68% in 2016, FTVs up 6%

The number of domestic tourist visits to states registers a growth of 12.68 per cent at 1613.55 million in 2016, as compared to 1431.97 million a year ago, according to a data released by the ministry of tourism.

The top ten States in terms of number of domestic tourist visits during 2016, were Tamil Nadu, Uttar Pradesh, Andhra Pradesh, Madhya Pradesh, Karnataka, Maharashtra, Telangan

Global ports sector faces structurally slower growth, says Fitch Ratings

Traffic growth in the ports sector is likely to remain well below historical levels for the foreseeable future, due to fundamental structural changes in the industry and global trade, says Fitch Ratings.

The rating agency said that a move towards protectionism would represent a significant additional risk, with the potential to reverse sector growth. According to Fitch, global port tr

Government announces 30 more smart cities, Trivendrum tops list

The government of India on Friday released another list of 30 cities for development as smart cities, taking the total cities picked up so far to 90 under Smart City Mission launched on June 25, 2015.

Announcing the new batch of smart cities, Minister of Urban Development and Housing & Urban Poverty Alleviation M.Venkaiah Naidu said that 45 cities contested for 40 available smart

ASSOCHAM asks DoT to drop mandatory testing proposal

Opposing any more layer of regulation to the highly indebted telecom industry, battling several challenges, the ASSOCHAM has urged the Department of Telecommunication to drop the proposal of mandatory testing of telecom equipment which is used in India after certification from well-known third party global bodies.

In a letter to the Telecommunication Secretary and Chairperson of the T

India, Sri Lanka to sign pact for cooperation in traditional medicine, homoeopathy

The Union cabinet has approved signing of an agreement between India and Sri Lanka for cooperation in areas of traditional systems of medicine and homoeopathy. The proposed memorandum of understanding will be inked between the Ministry of AYUSH and Sri Lanka's Ministry of Health, Nutrition and Indigenous Medicine.

"The signing of the proposed MoU will enhance bilateral cooper

Cabinet apprised of MoU on use of outer space between India, Armenia

The Cabinet, chaired by Prime Minister Narendra Modi, was apprised about a Memorandum of Understanding (MoU) on cooperation in the peaceful uses of outer space between India and Armenia. The MoU was signed in April 2017 during Vice President Hamid Ansari's visit to Armenia.

The pact shall enable cooperation in areas such as space science, technology and applications including remo

Textiles Ministry organizes training workshop on GST

The Ministry of Textiles organized a full-day training workshop on GST in Vigyan Bhawan, New Delhi, in which about 175 officials of the Ministry, its PSUs and members of Export Promotion Councils participated, as per the government release.

The Ministry of Textiles said in a release that, the workshop was held in partnership with National Academy of Customs, Excise and Narcotics (NACE

India-Australia to enhance collaboration in clothing, fashion

India and Australia will intensify cooperation in the field of textiles, clothing, handloom and fashion, with the government approving an agreement between the two nations in this regard. The Memorandum of Understanding between the Ministry of Textiles and the Department of Foreign Affairs and Trade, Australia will benefit weavers, said an official statement.

The Union Cabinet chaired

India-Iceland to establish direct air connectivity by 2018

The Indian Government has said that India and Iceland will establish direct air connectivity by next year, which will provide a fillip to the tourism sector of both the countries. Commenting on the issue, Ambassador of Iceland to India Thorir Ibsen told the media, “Tourism, apart from renewable energy, was one of the biggest contributors to the Nordic country's resource- based export

Sebi relaxes certain disclosure requirements for brokers & depository participants

Sebi has relaxed certain disclosure requirements for stock brokers and depository participants under the enhanced supervision guidelines. The requirements, which were introduced by the markets regulator in September 2016, came into effect from April 1 this year.

Following representations from market participants, the Securities and Exchange Board of India (Sebi) has made certain relax

Indian IT export to grow at 7-8%: Nasscom

Indian IT exports will grow by 7-8 per cent, unchanged from previous year's growth, despite protectionist voices in major markets like the US, industry body Nasscom said as per the PTI report. The USD 156 billion Indian industry -- the biggest job creator in the organised sector -- is also projected to add 1.3-1.5 lakh new jobs during 2017-18 compared to a net hiring of 1.7 lakh in the prev

Telecom Minister meets industry bigwigs; assures "corrective steps"

Communications Minister Manoj Sinha assured industry bigwigs Sunil Mittal and Anil Ambani as well as other teleco players that "corrective steps" will be taken to ensure growth of the debt-ridden sector, reported PTI.

"The report (of the inter-ministerial group) will come soon...Corrective steps will be taken by the government for ensuring orderly growth in this se

Free power connections for Uttar Pradesh's urban poor

Below Poverty Line (BPL) card holders living in urban areas of Uttar Pradesh will be given free electricity connections, a Cabinet meeting presided over by Chief Minister Yogi Adityanath decided on Thursday.

Millions of poor people are likely to benefit from this decision.

The Cabinet, in its 12th meeting since the Bharatiya Janata Party government took over in March, also d

Tatas better candidate if Air India is privatised: Sunil Mittal

Founder Chairman of Bharti Entreprises Sunil Mittal on Thursday said the Tata Group will be a better choice to take over the debt-ridden national passenger carrier Air India if the airline is privatised.

"Tatas, if it has to be privatised, should be one of the better candidates," Sunil Mittal, Founder and Chairman, Bharti Entreprises, told reporters on the sidelines of a mee

Assocham urges DoT not to make telecom devices testing a must

Industry lobby Assocham on Thursday said it has urged the Department of Telecommunication (DoT) to drop the proposal for mandatory testing of telecom equipment which are used in India after certification from well-known third party global bodies.

In a letter to the Secretary of Telecommunication and Telecom Commission Chairperson Aruna Sundarajan, the industry organisation said the mo

Mutual fund exposure to bank stocks at record Rs 1.44 lakh cr

Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs 1.44 lakh crore at the end of May, mainly due to cheaper valuations, reported PTI. In comparison, the figure was Rs 90,014 crore at the end of May 2016.

Banking continues to be the most preferred sector with the fund managers as they cannot afford to ta

Mumbai airport not to participate in next bidding under UDAN: Reports

The Indian Government has said that Mumbai airport is unlikely to participate in the second round of bidding for air routes for the government's regional connectivity scheme UDAN because of capacity-crunch at the busy airport. As per reports, the Chhatrapati Shivaji International Airport handled 837 flights a day, or one in 65 seconds, on an average in fiscal 2016-17, becoming the world'