Nasscom, the information technology sector’s apex association, proposed on Thursday to form an empowered group to address policy issues impacting this and the e-commerce segments, such as the proposed goods and services tax (GST).

If this isn't done, it said, the government's entire Digital India programme would halt.

New Delhi: As the election commission prepares to hear the 21 Aam Aadmi Party (AAP) MLAs appointed as parliamentary secretaries on a plea for disqualifying them for holding office of profit, it has sought details from the Delhi government on the facilities being provided to them and their nature of work.

In a letter to the Delhi chief secretary, the commission has sought details of the facilities being provided to them as parliamentary secretaries. It has also asked for information on the nature of the work as parliamentary secretary.

7th Pay Commission recommendations have been given an approval by the Narendra Modi government, and that means that over 1 crore government employees are now going to find themselves with lump sum cash, given the arrears that will be doled out. Additionally, with increased monthly salary, the disposable income will go up.

Where should they (government employees and pensioners) invest this in-hand surplus? It all depends on the time-frame that is being eyed, says Naveen Kukreja, CEO & Co-founder of Paisabazaar.com.

HDFC Bank today launched SM@Bank, touted as India's full fledged banking service for small and medium enterprises (SME). The new entity would allow clients access full bouquet of services instantly on 24x7 basis over personal computers or mobile phones.

The existing brick-and-mortar service format for the SMEs would coexist with SM@Bank and it would be the sole discretion of customers to choose between the two formats, HDFC Bank Group Head (Business Banking) Aseem Dhru told Business Standard over a video-conference call.

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland's banking system.

The funds held by Indians with banks in Switzerland fell by CHF 596.42 million to CHF 1,217.6 million at the end of 2015, as per the latest data released today by the country's central banking authority SNB (Swiss National Bank).

National Highways Authority of India (NHAI) has received environment clearance for updgrading the 146-km long carriageway of Kanpur (Chakeri) to Allahabad section of NH-2 in Uttar Pradesh at a cost of Rs 1,246 crore.

"Based on the recommendation of the Expert Appraisal Committee, the Environment Ministry yesterday gave environment clearance to the NHAI's proposal 'Rehabilitation and Upgradation of existing carriageway of Kanpur (Chakeri) to Allahabad section of NH-2'," a senior government official said.

Mumbai, June 29: The State Bank of India today said it would raise long-term capital of up to $1.5 billion (over Rs 10,000 crore) by issuing bonds in dollar or other convertible currencies.

The decision was taken by the executive committee of the bank today.

New Delhi: Air India Ltd’s chairman and managing director Ashwani Lohani has hit out at the previous government, saying it left the state-owned airline in a mess led by a botched merger and billions of dollars in aircraft debt.

Air India, the international arm, and Indian Airlines which flew mostly domestic routes were merged by the United Progressive Alliance government in 2007 under a single banner, Air India Ltd.

Mumbai: Larsen and Toubro Infotech Ltd, the information technology (IT) services unit of India’s largest engineering firm, will launch its initial public offering (IPO) on 11 July, the parent firm said in a filing to the stock exchanges on Wednesday.

The IPO will close on 13 July.

L&T Infotech has fixed a price band of Rs.705-710 per share for the offering, the filing stated. At the upper end of the price band, the IPO size would be Rs.1,242.50 crore.

The Sensex surged about 241 points in early trade, with Brexit fears slowly starting to subside amid June derivatives expiry.

The rupee’s improving fortunes against the U.S. dollar buoyed the mood too. On Wednesday, a string of economy-boosting policy decisions taken by the Cabinet, including approval to seventh pay panel recommendations, also brought back investors from the sidelines.

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