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EPFO records 7.6 per cent increase in members to 7.37 crore The number of contributing members to the EPFO (Employees' Provident Fund Organisation) has risen by 7.6 per cent to 7.37 crore in 2023-24 from 6.85 crore in 202-2023 while the number of establishments making contributions to the organisation has risen by 6.6 per cent to 7.66 lakh during this period, according to a statement issued by the Labour Ministry on Sunday.  This reflects both the increase in employment and business establishments in the organised sector of the Indian econ...
EPFO records 7.6 per cent increase in members to 7.37 crore
EPFO records 7.6 per cent increase in members to 7.37 crore
Source: IANS
2024-11-10 05:53:39 pm
Small firms record sharp rise in digital transactions The use of internet for entrepreneurial purposes such as taking and placing orders online, carrying out transactions online or using UPIs by unincorporated enterprises has increased to 13.5 per cent from 7.7 in rural and to 30.2 per cent from 21.6 in urban sector during 2022-23, according to the latest survey released by the Ministry of Statistics.  This shows an improved use of IT and digital platforms and indicates a fast rate of digitisation in the sector, the annual survey of the ...
Small firms record sharp rise in digital transactions
Small firms record sharp rise in digital transactions
Source: IANS
2024-07-08 08:47:39 am
India gives the voice to Global South on AI global forums India has set the global discourse by emphasising the intent of the government to democratise artificial intelligence (AI) and make it accessible to all.  At the just-concluded ‘Global IndiaAI Mission’ summit in the national capital, the Global South countries acknowledged and appreciated the role of India to give voice to them at the global AI forum and bridge the gap with Global North. More than 2,000 global AI experts, policy-makers, artificial intelligence (AI) prac...
India gives the voice to Global South on AI global forums
India gives the voice to Global South on AI global forums
Source: IANS
2024-07-05 10:51:18 am
Finance Ministry hosts workshop on best AI practices for bank chiefs The Finance Ministry on Thursday held a workshop for CEOs and MDs of 12 public sector banks and other financial institutions to provide them with insights into the best practices for AI adoption and risk mitigation in the banking sector. Vivek Joshi, Secretary, Department of Financial Services (DFS), chaired the workshop on the 'State of Artificial Intelligence in Banks' as part of its lecture series. The IT industry association NASSCOM made a presentation to update the bankers ...
Finance Ministry hosts workshop on best AI practices for bank chiefs
Finance Ministry hosts workshop on best AI practices for bank chiefs
Source: IANS
2024-05-10 09:44:49 am
Foreign investors offload India's financials, IT stocks in April, NSDL data shows Foreign investors offloaded financials, information technology and consumer stocks in April, data from the National Securities Depository Ltd (NSDL) showed on Tuesday. Foreign portfolio investors (FPI), who bought 2.08 trillion rupees worth of Indian shares in the 12 months ending March, sold shares worth 86.71 billion rupees in April, amid concerns over delays in interest rate cuts in the United States. However, the FPI selling was cushioned by domestic investors' purchases, with t...
Foreign investors offload India's financials, IT stocks in April, NSDL data shows
Foreign investors offload India's financials, IT stocks in April, NSDL data shows
Source: Reuters
2024-05-07 11:01:29 am
IT stocks lead markets lower  IT stocks came under selling pressure led by bellwether stock TCS which was down more than 3 per cent. The IT stocks index was down 2.4 per cent, the top loser on BSE. Among the heavyweights, apart from TCS, Wipro was down more than 2 per cent, Infosys was down more than 2 per cent, HCL Tech was down 2 per cent. Among other IT stocks, Subex was down more than 3 per cent, Oracle Financial Services was down more than 3 per cent, L&T Technology Services was down more than 3 pe...
IT stocks lead markets lower
IT stocks lead markets lower
Source: IANS
2024-03-19 05:43:24 pm
IT Minister Ashwini Vaishnaw to launch India`s fastest, homegrown router  Union IT and Telecom Minister, Ashwini Vaishnaw, is set to launch India’s fastest and indigenously-designed IP/MPLS (Multiprotocol Label Switching) router in Bengaluru on Saturday. MPLS is a routing technique in telecommunications networks that directs data from one node to the next, based on labels rather than network addresses. The IT minister will launch the ‘Made in India’ router at Nivetti Systems' campus in Bengaluru. He will also commission Applied ...
IT Minister Ashwini Vaishnaw to launch India`s fastest, homegrown router
IT Minister Ashwini Vaishnaw to launch India`s fastest, homegrown router
Source: IANS
2024-03-09 09:40:02 am
Corrections in mid and small cap stocks are underway, say analysts Corrections in mid and small caps are underway and expected to continue, with regulators urging disclosure of associated risks to AMCs, says Vinod Nair, Head of Research, Geojit Financial Services. Banking stocks reversed initial weakness to perform well on the back of an improved economic outlook, while weakness persisted in the IT and pharma sectors, which are more closely tied to the global economy, he said. The release of additional data from the US, such as PMI and payroll data, al...
Corrections in mid and small cap stocks are underway, say analysts
Corrections in mid and small cap stocks are underway, say analysts
Source: IANS
2024-03-03 12:26:03 pm
$300 bn electronics production in few years a realistic, achievable target: IT Minister India has embarked on the journey to reach $300 billion electronics production, including $100 billion in exports, in the coming few years which is a realistic and achievable target for the government, Union Minister for Electronics and IT and Railways, Ashwini Vaishnaw, said here on Saturday. Addressing the ‘Global Business Summit’ event in the national Capital, the minister said that the overall manufacturing ecosystem, developing at a very fast pace, has given them confidenc...
$300 bn electronics production in few years a realistic, achievable target: IT Minister
$300 bn electronics production in few years a realistic, achievable target: IT Minister
Source: IANS
2024-02-10 04:09:33 pm
LIC Housing to focus on affordable housing segment, take a call on project finance in FY25  Completing internal rejig, migrating to a new information technology (IT) platform and focusing on the affordable housing segment, LIC Housing Finance Ltd hopes to increase its loan book size by 15 per cent next fiscal, said a top company official. He also said the company is looking at cutting down the Rs 2,000 crore non-performing assets (NPA) under the project finance segment and will take a call on this business line next fiscal. The company was not focusing on the affordable ...
LIC Housing to focus on affordable housing segment, take a call on project finance in FY25
LIC Housing to focus on affordable housing segment, take a call on project finance in FY25
Source: IANS
2024-02-05 12:50:44 pm
Karnataka intends to launch Centre of Excellence for gaming: Priyank Kharge  Priyank Kharge, Karnataka Minister for IT, BT and Rural Development and Panchayat Raj, said on Wednesday that the state intends to launch a Centre of Excellence for gaming wherein it will have a complete ecosystem of hardware, software, innovators and the government on the same platform. Speaking at the Games24x7 Accelerator Programme at GAFX 2024 in Bengaluru, he said, “We will have the most successful CoE in gaming being run from Karnataka.” Kharge also said that thi...
Karnataka intends to launch Centre of Excellence for gaming: Priyank Kharge
Karnataka intends to launch Centre of Excellence for gaming: Priyank Kharge
Source: IANS
2024-02-01 11:07:37 am
Median cost of IT outages at Indian firms now Rs 520 cr a year: Report The median cost of IT outages at Indian organisations now stands at around Rs 520 crore ($62.79 million) per year, a new report said on Wednesday.According to the web analytics and software company New Relic, about 74 per cent said that the time taken to resolve these outages improved after adopting observability solutions."The Observability Forecast reveals that 43 per cent of businesses in India have siloed telemetry data, creating blindspots in monitoring and maintaining system health. It?...
Median cost of IT outages at Indian firms now Rs 520 cr a year: Report
Median cost of IT outages at Indian firms now Rs 520 cr a year: Report
Source: IANS
2023-09-13 02:25:28pm