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NASSCOM establishes India’s second Digital Collaborative Opportunities Plaza in China

May 28, 2018

India’s National Association of Software and Services Companies (NASSCOM) has established second Digital Collaborative Opportunities Plaza (SIDCOP) platform in Guiyang, China. It is India’s second IT corridor in China to provide Indian IT firms access to growing Chinese software market. ..

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TCS becomes first company to achieve 7 lakh crore market capitalisation milestone

May 26, 2018

Tata Consultancy Services (TCS), the country’s most valued and largest IT outsourcing company created history by becoming the first Indian company to reach Rs. 7 lakh crore market capitalisation (m-cap) milestone. M-cap is value of company that is traded on ..

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SIDBI, CSC SPV ink MoU to provide financial support to village level entrepreneurs

May 25, 2018

Small Industries Development Bank of India (SIDBI) and Common Service Centres (CSC) Special Purpose Vehicle (SPV) signed MoU for providing financial support village level entrepreneurs in CSCs. Through the MoU, SIDBI will extend financial support to VLEs of CSCs, with minimum ..

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Government reconstitutes FSDC: Includes secretaries from Revenue Department, MeitY, IBC Chairman

May 25, 2018

The Union Government has reconstituted Financial Stability and Development Council (FSDC) to include secretaries from revenue department as well as Ministry of Information Technology (MeitY). It  will include Chairman of the Insolvency and Bankruptcy Board of India (IBBI). This decision ..

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5th India-CLMV Business Conclave held at Phnom Penh, Cambodia

May 25, 2018

The 5th India-CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) Business Conclave was held at Phnom Penh, Cambodia. It was jointly organised by Ministry of Commerce & Industry along with Ministry of Commerce of Cambodia. The Confederation of Indian Industry (CII) ..

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NITI Aayog ink SoI with ABB India to provide AI, big data and connectivity solutions

May 24, 2018

NITI Aayog and ABB India have signed Statement of Intent (SoI) to help India leverage power of advanced technologies, including robotics and artificial intelligence. Under it, two parties will work towards making key sectors of Indian economy ready for digitalised ..

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Strategic Petroleum Reserve: India receives first crude oil cargo from UAE for Mangalore reserve

May 22, 2018

India received first consignment of 2 million barrels of crude oil from United Arab Emirates (UAE) for its strategic petroleum reserve (SPR) at Mangaluru (on west coast), Karnataka. This first consignment from UAE fill one of two strategic reserve caverns ..

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MCX launches India’s first copper options contracts

May 22, 2018

India’s largest commodities exchange platform, Multi Commodity Exchange of India Limited (MCX) launched country’s first copper options contracts. The option contract will provide physical market participants additional instrument to hedge their price risk. The copper option contracts were launched with ..

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