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NEW DELHI: India’s services sector engaged nearly 188 million workers in 2023-24, absorbing labour at scale and displaying resilience in the face of shocks such as the pandemic, a report by policy think tank Niti Aayog said on Tuesday and recommended a series of measures to boost quality jobs and usher in formalisation in the…
TCS has refuted a recent report alleging that leading British retail company Marks & Spencer (M&S) has ended contact with the IT firm over a £300 million cyberattack. In a National Stock Exchange (NSE) filing, TCS said the report is “misleading, with factual inaccuracies”. The IT giant clarified that it does not provide cyber security…
The GST on personal grooming, fitness, and wellness services came down from 18% to 5% on September 22, but rather than seeing lower prices, customers across the country are facing 10%-20% hikes at salons, gyms, yoga studios, and fitness centres.The price hike comes as businesses are now forced to bear the full cost of taxes…
The United States on Friday launched an investigation into China’s adherence to the ‘Phase One trade’ deal signed in 2020.Under the deal, China had pledged to increase purchases of US products and services by hundreds of billions of dollars over 2020 and 2021. However, the targets were not met, largely due to the Covid-19 pandemic.The…
GUWAHATI: Train services on the Alipurduar Division of Northeast Frontier Railway (NFR) were briefly disrupted early Thursday morning following a massive blast on the railway track between Salakati and Kokrajhar in Assam’s Bodoland Territorial Region. The blast, believed to have been caused by an improvised explosive device (IED), blew up portions of the track. An…
File photo: NSE CEO Ashish Chauhan (Picture credit: ANI) Indian markets began the new Hindu calendar year, Samvat 2082, on a cautiously positive note, with the Nifty closing around 25,900 in the one-hour Muhurat trading session on Tuesday. The Sensex ended at 84,426.34, up 62.97 points or 0.07 per cent, while the BSE Midcap and…
India’s retail sector witnessed its highest-ever festive season sales this year, with Diwali trade reaching an unprecedented Rs 5.40 lakh crore in goods and Rs 65,000 crore in services, as per a nationwide survey by the Confederation of All India Traders (CAIT). The figures reflect a 25 per cent rise from 2024’s Rs 4.25 lakh…
Amazon Web Services experienced a massive 15-hour outage on October 20 that knocked offline thousands of popular applications and websites, from Snapchat and Fortnite to banking apps and government services, before the company announced full restoration of its cloud services.The disruption began around 12:30 p.m. IST and affected more than 1,000 companies globally, with outage-tracking…
US Senator Elizabeth Warren has renewed her call to break up Big Tech – a term collectively used for the likes of Apple, Microsoft, Google, Amazon, Meta and others – after a major outage at Amazon Web Services (AWS) that disrupted access to several major online platforms and government websites. The AWS outage which lasted…
India is rapidly establishing itself as a global leader in services exports, with a compound annual growth rate (CAGR) of 14.8 per cent over the past three decades, outpacing goods exports, which grew at 9.8 per cent, said National Stock Exchange (NSE) officials. According to news agency PTI, NSE chief economist Tirthankar Patnaik said, “India…
