The IT industry was tottering at around $6 billion in 1999-2000. It is more than a $150 billion industry now.

Prime Minister Modi said that the country has made rapid changes in the past four years compared to 2013 when the Congress-led UPA government was in power.

PM Modi argued that when investment in infrastructure projects like, making roads, laying down rail lines, setting up power generation is at all-time high, how come the jobs will not be created.

There are several challenges before the companies before they can cash in the users coming from tier-3, 4, 5 and beyond in India. Especially, since they have not been able to monetise the overall current user base.

Bansal's decision to sell his entire stake to Walmart was reportedly the result of differences with the investors.

Banks collect Rs 5,000 cr as minimum balance penalty in FY 2017-18As many as 21 public sector banks (PSBs) and three major private sector lenders have collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18. Among the PSBs, the State Bank of India emerged the highest earner with Rs 2433 crore penalty - nearly half of the total collection.PM Modi to inaugurate India Post Payments Bank on August 21Prime Minister Narendra Modi on August 21 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said.IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural area.Govt panel wants localisation of cloud storage data in possible blow to big tech firmsA panel working on the government's cloud computing policy wants data generated in India to be stored within the country, according to its draft report seen by Reuters, a proposal that could deal a blow to global technology giants such as Amazon and Microsoft who offer such services. It could not only raise their costs because they will need to ramp up the number and size of data storage centers in India, where power costs remain high, but at least some of those increases are likely to be passed onto customers who include everyone from small start-ups to large Indian corporations.US-China trade war can make Indian products competitiveWith the US imposing additional 25 per cent duty on imports worth USD 34 billion from China, certain Indian products may become more competitive, CII has said. An analysis by the industry chamber revealed that India should focus on the US market for items in the categories of machinery, electrical equipment, vehicles and transport parts, chemicals, plastics and rubber products.Top corporates prepare to split CMD postLarge corporates like HUL and RIL have started making arrangements to comply with regulator Sebi's directive to split the roles of chairman and managing director by April 1, 2020, but several smaller companies are still giving their CMDs tenures beyond the deadline. Sebi is keen to extend this requirement to all listed companies eventually. For now, it is keeping an eye on top 500 firms which are appointing CMDs beyond the given deadline and will start sending them notices a few months in advance.Indian Oil to invest Rs 1.75 lakh cr for expansion: Chairman Sanjiv SinghIndian Oil Corporation, the country's leading firm on the Fortune 500 list, has drawn up an ambitious Rs 1.75 lakh crore investment plan to expand its production capacity. In the company's latest annual report, IOC chairman Sanjiv Singh said that the refining capacity will be enhanced to 150 million tonnes of petroleum products per annum by 2030 from the current 80.7 million tonnes.Wipro to move workforce to a new 50-acre campusIn the next two years Wipro wants to move its workforce from its electronic city unit and hired facilities in Bengaluru to a new 50-acre campus. Wipro calls it an \"agile workspace aimed at the digital worker\". The move to shift thousands of workers to the new campus prompted chairman Azim Premji to meet Karnataka chief minister HD Kumaraswamy last week to seek his help in upgrading the Sarjapur Road so that it reduces traffic congestion as reported by the Economic TimesNBCC has said Amrapali's Noida projects will need 4 yearsThe National Buildings Construction Company or NBCC has said that Amrapali's unfinished projects in Noida and Greater Noida will take up to 4 years for completion while the remaining ones will need a year.NBCC will have to submit details on revival of projects to the Supreme Court.Jobs for freshers! Tech Mahindra hints at hiring 4,000 graduates in next three quartersTech Mahindra indicated at hiring around 4,000 freshers over the next three quarters as the IT services major focuses more on \"demand-based\" hiring instead of creating an inventory. The company has already hired about 1,800 fresh graduates in the first quarter of the ongoing fiscal

The policy will be the latest in a series of proposals that seek to spur data localisation in India, as the government finalises an overarching data protection law.

From the 3,000 applications received, 50 startups were shortlisted. All of them underwent training and mentorship programme for a week at IIM-A on business model, customer expectation, and commercialisation.

De Beers has roped in many industry players to make Tracr, which will work on Etherium blockchain technology. This could bring around 60 per cent of India'sinformal diamond industry on one platform.

Invest India, the national investment promotion and facilitation agency set by the Central government has joined hands with energy sector companies to offer lab-to-market opportunity for Indian start-ups through a three month 'Integrate to Innovate' Programme.

A reading of the new e-commerce framework makes it amply clear that if the policy were to be retained as is, and passed, it would be anti-consumer.

New York-based WeWork, which has presence in 75 countries across the globe, currently has 12,000 desks in Gurgaon, Mumbai and Bangalore in India at nine locations.

The Congress party neither disclosed the letter nor the fact that whether the meeting Anil Ambani sought from the Congress President ever took place, and what transpired in that meeting if at all.

Facebook (FB.O) has set up a subsidiary in China and plans to create an \"innovation hub\" to support local start-ups and developers, the social media company said on Tuesday, ramping up its presence in the restrictive market where its social media sites remain blocked.

Where it earlier took nearly two days to respond to a comment or query, it is now done in 15 minutes.

The report surveyed 695 small, medium and large companies across 16 sectors in eight cities to understand the hiring sentiments.

SRKay Consulting Group says its algorithm utilises human-only attributes for the prediction, which have been largely ignored by start-ups and funding agencies across the globe, leading to massive start-up failures.

Why alternative investment funds are gaining traction with wealthy Indians.

Social networking in India gets a regional flavour.

Chairman and MD Sanjiv Mehta seeks to reinvent HUL as a future-ready corporation that can juggle heterogeneous markets successfully.