Daily News Podcast: Infosys to build software development centre in Noida : Bulletin: Business Today
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News Podcast: Infy to build software development centre

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July 30, 2018

Infosys to build software development centre in Noida

Infosys Ltd has said it would build a software development centre in Noida in Uttar Pradesh, with an initial investment of about 7.5 billion rupees ($109 million). India's second-biggest software services exporter said the 2.7 million square feet facility would be able to accommodate 5,000 staff. "The facility is a critical part of our effort to enhance our presence in the national capital region and leverage the talent pool available in this market," Chief Executive Officer Salil Parekh has said.
PM Modi launches 81 investment projects worth over Rs 60k crore for UP
Prime Minister Narendra Modi yesterday launched 81 investment projects worth over Rs 60,000 crore for Uttar Pradesh at a ground-breaking event.
The projects are expected to give a big boost to industrialisation in the state.
Around 80 leading industrialists, including Kumar Mangalam Birla, chairman of Aditya Birla group, Gautam Adani, chairman of Adani group, Subhash Chandra, chairman of Essel group and Sanjeev Puri, MD, ITC, besides top magnates of other major business houses participated in the event
CBDT directs I-T dept to file all NCLT petitions on shell firms by August

The CBDT has directed the Income Tax Department to ensure filing all its petitions before the NCLT by next month to recover due taxes worth crores of rupees from a number of de-registered shell or dummy companies.
The policy-making body of the tax department has issued the directive as part of the action plan unveiled recently. "Assessing officers must identify all such cases at the earliest and ensure filing of petitions by August 31, 2018," the action plan accessed by PTI said.

Threw challenge not as TRAI chief but an ordinary citizen: RS Sharma to Twitterati

After causing a flutter on social media with his Aadhaar dare, TRAI Chairman R S Sharma has said he had thrown an open the challenge to Twitterati -- to prove how mere knowledge of the 12 digit number could be misused to cause harm -- not as a regulatory head but as an ordinary citizen of India.
An all-out war had erupted on Twitter yesterday after Telecom Regulatory Authority of India (TRAI) chief gave out his Aadhaar number, challenging anyone to show how mere knowledge of the number can be misused to harm him, triggering a deluge of tweets that claimed to disclose his personal details -- from PAN to mobile number.The challenge by Sharma had evoked an immediate response on the social media platform, managing to create quite a stir. The high drama played out on the micro-blogging platform a day after Justice Srikrishna committee came out with its report on data protection where it mooted changes in Aadhaar Act and proposed new safeguards to protect information of Aadhaar holders.
WhatsApp building payments service for other markets as it awaits Indian govt nod

WhatsApp has started working on building its payments service for other countries even as it waits for the "green light" from Indian authorities for offering the feature to its user base here. Facebook-owned WhatsApp has been testing its payments services in India for a few months now with about one million users and is waiting for clearance from the government for a full-fledged rollout across the country. Facebook chief Mark Zuckerberg has said that WhatsApp's payments services "gives people a really simple way to send money to each other and contribute to greater financial inclusion".
NBCC may take up unfinished projects of Jaypee, Amrapali

After years of frustration  a possible solution may be emerging for the harried home buyers in Jaypee Infratech and Amrapali projects in Noida. State-run NBCC (India) is likely to take up the projects to ensure their completion, and hand them over to their bona fide owners as reported by the Economic Times
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