NEW DELHI: The government is considering a broad range of incentives for employers who create additional jobs, a senior government official told ET.

This is in line with Prime Minister Narendra Modi's commitment to create more jobs. A high-level panel of secretaries recently proposed fiscal and monetary incentives for consideration in the budget, the key one being a 30% income tax exemption for units that create an additional 2% jobs, the official said. The base for calculation is proposed to be total emoluments and will cover all kinds of employees.

Market benchmark BSE Sensex pulled off a rosy start as it rallied further by over 58 points to 24,396.99 on Friday on sustained buying by investors amid a mixed trend at other Asian markets.

The 30-share index, which gained 115.11 points in the previous session, added 58.56 points, or 0.24 per cent, to 24,396.99, with stocks of banking, metal, capital goods, consumer durables, auto and FMCG leading the gains.

Information technology (IT) industry body Nasscom on Thursday projected a 10-12 per cent growth for the Indian software services segment for the financial year 2017, lagging the 12-14 per cent growth forecast it had made for the current financial year.

A volatile global economy and currency fluctuations, especially the weakening of the rupee against the US dollar, continued to impact India’s information technology and business process management (BPM) services segments.

Markets regulator Securities and Exchange Board of India (Sebi) has ordered impounding of unlawful gains worth more than Rs 5 crore from eight entities after finding them guilty of indulging in synchronised trading in the shares of Polar Pharma India.

The eight entities include DPK Stock & Securities, Shivam Investments, Caps Finstock Services, Peeyush Agarwal, AJC Securities & Fin, Supreme Lease Finvest, Shailja Investments and Kanhai Commodity Intermediaries.

After having stablised tie-ups with three private banks for offline Holiday Savings Account (HSA), Thomas Cook and State Bank of India will together offer a similar facility to the state-owned bank's 25 million online customers.

This is a 12-month recurring deposit with SBI that allows the bank's customer to save money and also pre-select a holiday from Thomas Cook India's portal.

Two-wheeler major Bajaj Auto reported a 5% growth in net profit at Rs 901 crore for the quarter ended December 2015. It was Rs 861 crore in the same period a year ago.

However, sales declined 2% to Rs 5,564 crore as against Rs 5,657 crore in December 2014.

State-owned CIL is planning to acquire coal mines in South Africa in partnership with local government amid falling prices of assets globally as it gears up to meet the 1 billion output target,.

"Coal India has plans of acquiring coal mines in South Africa," an official said.

Mahindra and Mahindra (M&M), which has overtaken Tata Motors in light commercial vehicles (LCVs) this year, is looking to double its market share to about 6% in the fast-growing medium and commercial vehicle (M&HCV) segment.

Eyeing more market share, the company today launched its new truck series Blazo at the Auto Expo. Claiming to offer a superior mileage, the Blazo series includes haulage, tractor trailer and tipper vehicles.

MUMBAI: The benchmark BSE Sensex recovered from two-week low by rising 226 points and the NSE Nifty recaputred the 7,400-mark in early trade on Thursday, mainly supported by value-buying in recently beaten down blue-chip stocks amid positive global cues.

Furthermore, covering-up of short positions by speculators at prevailing levels also helped the recovery.

Mumbai: Air India Express, the low-fare international unit of Air India Ltd, is expecting to post a net profit of Rs.200 crore in 2015-16, airline chief executive officer K. Shyam Sundar said on Wednesday.

The airline posted a net loss of Rs.60 crore in 2014-15.

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