Economic Survey to be tabled in Parliament on July 22
New Delhi, July 20 - Finance Minister Nirmala Sitharaman will table the Economic Survey in Parliament on July 22, a day ahead of the Union Budget, which will be a report card on the economy and also the growth outlook ahead.
No flights cancelled, only few delays: Air India on Microsoft outage
New Delhi, July 20 - Air India, on Saturday, said that none of its flights was cancelled due to the massive CrowdStrike-Microsoft outage, barring some delays due to the impact of the outage on airport services.
UPI adding up to 60 lakh new users every month, global adoption surge
New Delhi, July 20 - The digital payment growth continues to surge and Unified payments Interface (UPI) is now adding up to 60 lakh new users every month.
Airport systems working normally: Aviation Ministry on Microsoft outage
New Delhi, July 20 - The Civil Aviation Ministry said on Saturday that airline systems across airports in India have resumed operations normally after a mega Microsoft Windows outage hit systems globally.
Microsoft outage gave seizure to automotive supply chain: Musk
New Delhi, July 20 - Hitting hard at Microsoft Chairman and CEO Satya Nadella, tech billionaire Elon Musk has said that the mega Windows outage “gave a seizure to the automotive supply chain”.
Jio becomes largest operator globally in terms of data traffic
Mumbai, July 18 - Jio has become the largest operator globally in terms of data traffic.
Microsoft outage hits IndiGo ops, airline switches to manual ops
New Delhi, July 19 - Leading low-cost carrier IndiGo on Friday said it was currently experiencing delays and cancellations of its flights due to global outages faced by its cloud server software and software provider.
Reliance Retail Ventures posts revenue of Rs 75,615 crore in Q1 FY25
Mumbai, July 18 - Reliance Retail Ventures Limited (RRVL) delivered steady performance during Q1 FY25 with revenue of Rs 75,615 crore, up 8.1 per cent year-on-year.
Reliance Industries posts gross revenue of Rs 2.57 lakh crore for Q1 FY25
Mumbai, July 18 - Reliance Industries on Friday reported quarterly gross revenue of Rs 2.57 lakh crore ($30.9 billion) for Q1 FY25, up 11.5 per cent year-on-year, led by order-to-cash (O2C) on higher oil and product prices and oil & gas segment with
Banks must be fair in conduct with consumers: RBI chief
Mumbai, July 19 - RBI Governor Shaktkanta Das on Friday said banks and NFCs must be fair in their conduct and practices with consumers as this fosters confidence and public trust in financial institutions which strengthens their stability.
JSW Steel posts 64 per cent decline in Q1 net profit at Rs 845 crore
Mumbai, July 19 - JSW Steel on Friday reported a 64 per cent decline in the consolidated net profit to Rs 845 crore for the April-June quarter of 2024-25 on the back of lower sales volume and realisation.
Wipro’s net profit up 4.6 pc to Rs 3,003 crore, adds 337 employees in Q1 FY25
Bengaluru, July 19 - IT major Wipro reported a 4.6 per cent rise in net profit at Rs 3,003 crore for the first quarter of the current fiscal (FY25), as revenue dropped 3.8 per cent to Rs 21,964 crore.
CBDT awards Taxnet 2.0 project to Bharti Airtel
New Delhi, July 19 - The Central Board of Direct Taxes (CBDT) on Friday said that the Taxnet 2.0 project has been awarded to telecom major Bharti Airtel Ltd for providing network connectivity, facility management services and video conferencing services to the Income
Minor disruptions only in 10 Indian banks due to Microsoft global outage, says RBI
Mumbai, July 19 - The Reserve Bank of India (RBI) on Friday clarified that only 10 banks and non-banking finance companies in the country had minor disruptions due to the large-scale outage in Microsoft services.
India’s financial sector is sound and resilient: RBI Governor
Mumbai, July 19 - RBI Governor Shaktikanta Das said on Friday that amidst global challenges and uncertainties, India stands out as a fast-growing major economy with strong macroeconomic fundamentals, backed by a healthy and resilient financial sector.
RBI chief tells banks to step up vigil against cyber attacks, digital frauds
Mumbai, July 19 - RBI Governor Shaktikanta Das said on Friday that banks and financial institutions need to maintain the highest level of vigil and strengthen their IT systems keeping in mind the growing incidences of cyber-attacks globally.
Have multiple fail safes in place to avoid Microsoft-like outages: Experts
New Delhi, July 19 - Cybersecurity experts on Friday said that businesses must test their infrastructure and have multiple fail safes in place, however large the company is, as a massive Microsoft Windows outage created mayhem across the world, including in India --
Indian UHNIs have potential to triple philanthropic contributions to Rs 75,500 cr annually: AIP-BCG report
New Delhi, July 19 - Accelerate Indian Philanthropy (AIP) -- a non-profit organisation that works to promote and catalyse personal philanthropy in India, in partnership with Boston Consulting Group (BCG), have released their report titled "Wealth with Purpose: A Report on Private Indian
World Bank pledges $100 million to digitise Zambia
Lusaka, July 20 - The World Bank pledged $100 million to help Zambia speed up its digital infrastructure and increase access to the internet.
India’s goods exports to top countries record double digit surge
New Delhi, July 20 - India’s exports to the lucrative Western markets have recorded a strong double-digit growth in the April-June quarter of the current financial year reflecting the competitive strength of the economy.