Global software analytics market to reach $18.3 bn: Gartner

Global revenue in the business intelligence (BI) and analytics software market is forecast to reach $18.3 billion in 2017 -- an increase of 7.3 per cent from 2016.

By the end of 2020, the market is forecast to grow to $22.8 billion, the market research firm Gartner said on Friday. 

The modern BI and analytics market is expected to decelerate, however, from 63.6 per cent

Over Rs 1 lakh crore worth new Rs 500 notes have been printed

The Finance Ministry on Friday said that over Rs 1 lakh crore worth of the new Rs 500 notes have already been printed with the presses churning out approximately 22 million pieces of it everyday.

"More than Rs 1 lakh crore worth new Rs 500 notes have been printed. 22 million pieces of Rs 500 being printed per day," Security Printing Minting Corporation of India Limited (SPMC

Full start of Reliance petchem will halt heavy exports

NEW DELHI/SINGAPORE  - India's Reliance Industries, owner of the world's biggest refining complex, will halt heavy naphtha exports in 2017/18 after the full-scale start-up of its 2.2 million tonnes per year (tpy) paraxylene plant, four people with knowledge of the matter said.

The plant, located in western Gujarat state, is currently operating at about 80

89% people want automation at workplace: Adobe

In a surprise find, 89 per cent of people, including from India are positive about the role robots can play in helping them at workplace rather than taking away their jobs, a new report has found.

According to the "Future of Work" study by Adobe released on Friday, people are open to man and machine collaboration for work benefits. 

The study was conducted in

Fresh buying lifts equities, key indices touch new closing highs

 Indian equities markets on Friday surged to new five-month closing high with gains of around half a per cent each, as healthy buying was witnessed in banking, healthcare, and oil and gas stocks.

Besides, a strong rupee and substantial inflow of foreign funds buoyed investors' sentiments, although some gains were capped on the back of negative global cues and profit booking.<

NTPC`s Pakri Barwadih coal mine starts production

The state-owned power producer NTPC has started production from Pakri Barwadih coal mine in Jharkhand and the first rake of the dry fuel was flagged off. Finance Minister Arun Jaitley did the honours in the presence of Jharkhand Chief Minister Raghubar Das, Power Minister Piyush Goyal and Minister of State of Civil Aviation Jayant Sinha.

The mine has an estimated mining capacity of 15

ArcelorMittal, SAIL`s India joint venture talks at an impasse - sources

By Neha Dasgupta

NEW DELHI - A proposed joint venture between state-owned Steel Authority of India Ltd and ArcelorMittal SA to build an $897 million automotive steel plant in India has hit an impasse, with the two disagreeing on key terms, officials said.

India's biggest state-owned steel company and the world's No. 1 producer of the m

India`s first business aviation magazine launched

Civl Aviation Minister Ashok Gajapathi Raju has lauded the Airports Authority of India (AAI) for conceptualising India's first business magazine entirely dedicated to the sector.

"Civil aviation is not only one of the fastest growing sectors of the Indian economy but one of the most strategic ones too as it plays a crucial role in improving transport linkages to facilitate fa

HAL to maintain Saab`s electronic warfare system

State-run Hindustan Aeronautics Ltd (HAL) would maintain the electronic warfare self-protection system of Saab for its Dhruv Advanced Light Helicopter (ALH) variants flown by the Indian Air Force (IAF) and Indian Army Aviation Corps, said the Swedish aerospace major here on Friday.

"Our South African subsidiary (Saab Grintek Defence) has signed $8.5 million (Rs 57 crore) contract

Zydus gets USFDA final nod for anti-fungal tablet

Pharma major Cadila Healthcare Ltd on Friday said that Zydus Cadila has received final approval from the US health regulator to market Fluconazole tablets USP and Clobetasol Propionate spray.

“Zydus Cadila has received the final approval from the USFDA to market Fluconazole tables USP in strengths of 50 mg, 100 mg, 150 mg and 200 mg and Clobetasol Propionate spray, 0.05 per cent

Karnataka Bank launches National Pension System in Mangaluru

Karnataka Bank has launched 'National Pension System' (NPS) at its corporate office here. NPS was introduced by the Government of India with an intention to provide old age financial security by way of regular income in the form of pension. While earning, one can contribute to the NPS and start receiving pension after attaining the age of 60 years, to meet one's financial needs.

Government appoints Neelam Damodaran as Executive Director of Bank of India

State-run lender Bank of India on Friday said that Government has appointed Neelam Damodaran, General Manager, Bank of Baroda as executive Director of Bank of India upto November 30, 2019.

In a filing to the Bombay Stock Exchange, the bank said, “The Central Government has appointed Neelam Damodaran, General Manager, Bank of Baroda as Executive Director of Bank of India for a pe

Apple to start India manufacturing in coming months with iPhone SE - source

By Sankalp Phartiyal

MUMBAI - Apple Inc will in the coming months start assembling its lower-priced iPhone SE models at a contract manufacturer's plant in the southern Indian technology hub of Bengaluru, an industry source with direct knowledge of the matter said on Friday.

Apple's Taiwanese manufacturing partner Wistron Corp is setting up a pla

Tata Motors partners Microsoft to offer connected mobility

Tata Motors and Microsoft has announced a strategic collaboration on the technology front to make driving a more personalised and connected experience. The first vehicle showcasing the enhanced driving experiences will be unveiled at the Geneva International Motor show on March 7, the companies said.

This will be via Tata Motors' user interface application and services suite utili

USFDA accepts Biocon`s Biologics License Application

Biocon Ltd. has said that the U.S. Food and Drug Administration (FDA) has accepted Mylan's Biologics License Application (BLA) for MYL-1401H, a proposed biosimilar to Neulasta® (pegfilgrastim), for filing through the 351(k) pathway. The proposed biosimilar to Neulasta is used to reduce the duration of neutropenia (low count of neutrophils, a type of white blood cells) and the incidence

Infosys positioned `Leader` by Gartner EMEA 2016

Infosys, a global leader in consulting, technology, outsourcing and next-generation services has said that Gartner Inc. has positioned Infosys as a ‘Leader’ in its EMEA and North America 2016 Magic Quadrant reports for SAP® Application Services.

Gartner’s ‘Magic Quadrant for SAP® Application Services, EMEA’ report evaluates 19 service providers ac

Siemens receives order from Rs 119 cr from Sterlite Power

Siemens Ltd. has said that that it has received an order worth approximately Rs. 119 crores from Sterlite Power Grid Ventures Ltd. The order is for Design, Engineering, Procurement, Manufacture, Supply and commissioning of equipment for 765/400kV Air Insulated Switchgear (AIS) Substation at Khandwa (Madhya Pradesh) and 765kV AIS Bay Extension Equipment at Dhule (Maharashtra) for Khargone Transm

Mahindra & Mahindra launches new product variants

M&M has said that the company has launched new products in the passenger category and also new product variants in the cargo category. The Supro platform now boasts of India’s widest range of passenger and cargo vehicles with 11 product offerings.

The company has introduced new products in the passenger sector, namely, Supro Minivan, Supro Minivan VX, Supro Minivan CNG and S

Hope I can make an impact, says Tata Sons chief designate Chandrasekaran

Ahead of taking charge as the Executive Chairman of Tata Sons from next Tuesday, Natarajan Chandrasekaran on Thursday said he is hopeful to make an impact and a difference.

"Well frankly I think it's a very big job but the canvas is large. And a lot of exciting things to do and there are challenges and opportunities. I'm looking forward to it and I hope I can make an impa

Health group urges for higher taxes on bidi products under GST

Several public health groups, including the Voluntary Health Association of India, on Thursday urged Finance Minister Arun Jaitley to ensure that all tobacco products especially bidis are taxed at uniformly high rates under the new GST framework.

The public group, which also includes Tata Memorial Hospital, says that the total tax burden currently is at 53 per cent, 19.5 per cent and

Jet Airways introduces pre-paid pass for travellers

Jet Airways has launched a 'pre- paid pass' which will provide various benefits especially for people having flexible travel itineraries, reported PTI. The 'Jet Global Pass' would allow the passengers to travel on the airline's entire network of 66 domestic and international destinations.

"Flyers using the Global Pass need only pay the fares printed on the cou

Bharti Airtel completes acquisition of Augere Wireless

Telecom operator Bharti Airtel said that it has completed acquisition of Augere Wireless -- a company which holds one slot of 2,300 Mhz band spectrum in Madhya Pradesh circle, reported PTI. "...The merger of Augere Wireless Broadband India Private Limited (Augere), a wholly-owned subsidiary into Bharti Airtel Limited (Airtel) has been completed," Bharti Airtel said in a BSE filing.

Indian equities surge on fresh buying support

Indian equities markets surged during the mid-afternoon trade session on Friday as healthy buying was witnessed in banking, healthcare, oil and gas stocks.

However, some gains were capped on the back of broadly negative Asian markets and profit booking.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 40.40 points or 0.46 per cent to 8,778 points.

India and U.S. in talks on F-16 jet factory - Lockheed

By Rachit Vats

BENGALURU, India - U.S. defence company Lockheed Martin said on Thursday that talks were taking place between the United States and the Indian government over its offer of setting up a factory to produce F-16 fighter planes in India.

Lockheed is pushing ahead with its proposal to transfer the F-16 production line to India to supply the In

Nifty50 to exclude BHEL, Idea Cellular from March

 Stock exchange major, National Stock Exchange (NSE), on Thursday said that Bharat Heavy Electricals Ltd (BHEL) and Idea Cellular will be excluded from its benchmark Nifty50 index.

According to the NSE, the two companies' scrip will be replaced by those of Indiabulls Housing Finance and Indian Oil Corporation from March 31, 2017.