Infosys net, revenue grow double-digit in Q2

Bengaluru, Oct 16 : Global software major Infosys on Tuesday reported double-digit annual growth in net profit and revenue for the second quarter of fiscal 2018-19. While the IT major’s consolidated net profit for the quarter under review (Q2) grew 10.3 per cent year-on-year (YoY) to Rs 4,110 crore from Rs 3,726 crore a year […]

Facebook establishing task force for 2019 India elections

New Delhi, Oct 6 : Facing the uphill task of tackling election-related interference on its platform as India gets ready for polls next year, Facebook on Saturday said it is establishing a task force comprising “hundreds of people” in the country to prevent bad actors from abusing its platform. “With the 2019 elections coming, we […]

India-Russia trade to cross $30 bn by 2025: Putin

New Delhi, Oct 5 : As Russian President Vladimir Putin on Friday expressed hope that the mutual trade turnover between India and Russia would grow to $30 billion by 2025, Prime Minister Narendra Modi invited Russia to set up a dedicated defence industrial park in the country. To realise the increase in bilateral trade, Modi […]

RBI to help IL&FS restore its solvency

Mumbai, Oct 5 : Reserve Bank of India (RBI) Governor Urjit Patel on Friday said that the central bank will engage with and support debt-stricken IL&FS in its efforts to salvage the infrastructure financing company. “The RBI will engage with the new management, if necessary, on assistance in its efforts going forward,” Patel said while […]

Won’t reduce VAT on fuel, says Kerala government

Thiruvananthapuram, Oct 4 : Kerala Finance Minister Thomas Isaac on Thursday refused to reduce Value Added Tax (VAT) by Rs 2.50 on petrol and diesel in the southern state as per the Centre’s request so as to give relief to the people. The state will do so if the Centre bring the fuel prices down […]

Mammoth task to audit, dismantle Aadhaar data lying with private firms: Experts

New Delhi, Sep 26 : Terming the Supreme Court verdict on Aadhaar a breath of fresh air for Indian citizens, cyber law experts on Wednesday said a completely new regime has to be put in place to protect the Aadhaar data that is lying with private companies. Stating that private entities or individuals cannot avail […]