Business

Indian IT major TCS to design railway data platform for the UK


Earlier this year, India's Tata Consultancy Services surpassed tech giant IBM to become the most valuable IT brand in the world. With a presence in 46 countries, TCS has also achieved the status of the top IT service provider in the UK. Thanks to this distinction it has clinched a six-year agreement with UK-based...

Indian migrants to send home a record $100 billion in 2022: World Bank


Retaining its spot as the world's top recipient of remittances, migrant workers from India are set to send home a record USD 100 billion in 2022, despite global headwinds like rising prices.  In its latest Migration and Development Brief, World Bank said remittance flows to India will rise 12 percent, putting its inflows ahead of...

India world’s biggest smartwatch market


India surpassed North America to take the top global spot in the smartwatch market in the quarter that ended in September, according to a report from market research player Counterpoint. The festival sales and proliferation of affordable smartwatches helped grow the local market by 171% year-on-year.  The affordable smartwatch models getting bigger displays and adding features...

Tata Group to consolidate Air India and Vistara


New Delhi: The Tata Group has announced the consolidation of its airlines, Vistara and Air India. With this consolidation, Air India will be India's leading domestic and international carrier with a combined fleet of 218 aircraft, making it India's largest international carrier and second largest domestic carrier. Air India, an airline fully owned by Tata...

India’s GDP growth slows to 6.3% in July-September quarter


New Delhi: India’s gross domestic product (GDP) grew at 6.3 per cent year-on-year (YoY) in the second quarter (Q2) of the current financial year (Q2FY23), latest data released by the Ministry of Statistics and Programme Implementation stated.  The GDP expanded by 8.4 per cent in the July-September quarter of 2021-22, according to data released by...

Indian economy to grow 13-fold to $40 trillion by 2047: Mukesh Ambani


Mumbai: India is likely to become a $40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany,...

Australia clears historic free trade agreement with India


New Delhi: Australia has cleared the historic free trade agreement (FTA) with India as its Parliament has approved the pact. Taking to Twitter, Australian Prime Minister Anthony Albanese said: "BREAKING: Our Free Trade Agreement with India has passed through Parliament." The pact is likely to be implemented on a mutually agreeable date. According to Australian law, the...

India climbs six places to 61st rank in Network Readiness Index `


India has climbed up six places to 61st rank in the Network Readiness Index 2022 report prepared by US-based non-profit body Portulans Institute, the telecom ministry said on Saturday.    The country's overall score has improved to 51.19 in 2022 from 49.74 in 2021, the statement said.       "India has improved its position by six slots...

Biden says Twitter spews lies across the world


Washington: US President Joe Biden has said that Elon Musk had purchased a social media platform in Twitter that spews lies across the world. Twitter laid off half its workforce but said cuts were smaller in the team responsible for preventing the spread of misinformation, as advertisers pulled spending amid concerns about content moderation. Biden said...