The National Association of Software and Services (Nasscom), the industry body of the Indian IT and business process management (BPM) sector, on Tuesday said the country’s IT exports could grow between 7 and 9 per cent in 2018-19.

"We estimate a 7-9 per cent growth rate in IT and IT-enabled services for 2018-19. Domestic revenues may grow slightly higher at 10-12 per cent, while exports, the mainstay, may lag in 2018-19," R Chandrashekhar, Nasscom president, told reporters here at its annual India Leadership Forum.

RIL on Tuesday said it will acquire 5 per cent stake in NYSE listed Eros International for Rs 10 billion with a view to producing and acquiring Indian films and digital originals across all languages.

Reliance Industries Limited (RIL) and Eros International Plc announced that RIL, through a subsidiary, "has agreed to subscribe to a 5 per cent equity stake" in Eros at a price of $15 per share, the company said in a statement.

The popular cryptocurrency Bitcoin was trading at $11,252.44 on CoinDesk’s Bitcoin Price Index (BPI) today in India, at the time of writing the report. Bitcoin reached $11,640.18 earlier on Tuesday. In February earlier this year, popular cryptocurrency declined below $6,000 level for the first time since month of November. In mid-November last year, Bitcoin hit $20,000 level. However, once again, the popular cryptocurrency has recovered and is trading above $11,000.

Wipro consumer care and Lighting has launched Wipro Z Nxt, an integrated home automation solution. The system helps user get the complete control of the house/office components with the help of their smartphones. It integrates easily with all the home appliances without replacing the existing switches and wires. All electrical appliances can be easily controlled from an android/iOS app, a remote controller and through voice recognition.

Idea Cellular, the third biggest Indian telco, has silently refreshed the Rs 149 recharge plan that now offers additional validity to the customers. The Idea Rs 149 recharge plan now comes with a 28-day validity offering 1GB data, unlimited local, national, and roaming outgoing calls, and 100 SMSes per day. Earlier, this pack provided the same benefits but only for 21 days. However, the Idea Rs 149 recharge pack is available to select customers in select circles.

Mortgage major HDFC has disbursed Rs 28 billion loans to 14,290 home-buyers under the Pradhan Mantri Awas Yojna (Urban) so far, which entails a Central subsidy of Rs 3.02 billion.

The Modi government had launched the housing for all by 2022 in June 2015 and the disbursement is from that period.

Microsoft has announced that it is ending support for all push notifications for Windows Phone 7.5 and Windows Phone 8.0 devices starting from Tuesday. “Windows Phone 7.5 and Windows Phone 8.0 have reached their end of support dates and thus services for these versions of Windows will be discontinued over time,” the company wrote in a blog late Monday.

India, the world’s second-largest coal importer, is set to see a rise in shipments of the fuel as domestic production lags behind demand, Benjamin Sporton, Chief Executive at the World Coal Association said.

State-run Coal India Ltd., which produces more than 80 per cent of India’s coal, is failing to meet production targets, creating a gap that will be met through imports, Sporton said in New Delhi last week.

Mumbai, Feb 20 () Stocks staged a comeback in early trade with the BSE Sensex gaining over 157 points and the Nifty recapturing the 10,400-level on buying by investors in metal, capital goods, teck and IT stocks amid a mixed trend at other Asian Markets.

The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index had lost 522.81 points in the previous two sessions.

Mumbai: In a long-drawn dispute between Reliance Infratel Ltd, a telecom tower infrastructure arm of Reliance Communications Ltd (RCom), and its minority shareholders HSBC Daisy Investments (Mauritius) Ltd, the Anil Ambani-controlled company has agreed to share details of the deal to sell off its assets to his elder brother Mukesh Ambani-controlled Reliance Jio.

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