Industries

IT companies have been one of the largest recruiters in the country. However, they have warned that increasing automation of processes would lead to reduction in hiring in coming years.

The new GST regime is likely to have a significant bearing on the way transportation and storage of goods happens across the country, domestic rating agency Icra has said.

The GST has a multiple rate structure as almost all goods and services have been classified into groups attracting rates of 5, 12, 18 and 28 per cent, respectively.

The stakeholders are not very clear about the impact of the changing environment on account of policy interventions like Real Estate (Regulation & Development) Act, 2016 (RERA), Benami Transactions (Prohibition) Amendment Act, 2016 and Goods and Services Tax (GST).

Despite ongoing troubles faced by telcos on account of competitive pressures, Swedish major Ericsson today said the high demand for data will force operators to keep on investing in network.

Aimed to run at a speed of 130 kilometres per hour (kmph), Tejas has coaches equipped with automatic doors (like in metro trains), Wi-Fi and LCD screens.

After facing a massive "WannaCrypt" ransomware attack, another type of malware quietly started generating digital cash from machines it infected.

According to Consumer Electronics and Appliances Manufacturers Association (CEAMA), such decline would be offset with the festive sales that would start from August this year with Onam.

The top three companies in the Global Powers of Luxury Goods report were LVMH Moet Hennessy-Louis Vuitton SA, Compaigne Financiere Richemont SA and The Estee Lauder Companies Inc.

Steps taken to improve ease of doing business includefixing timeline for clearance of applications, de-licensingthe manufacturing of many defence products, reduction in numberof documents required for export and import, and mandatoryfiling of all returns on-line through a unified form.

Information Technology Secretary Aruna Sundararajan said on Tuesday that only 17 per cent of the total 85,000 visas issued every year by the US go to Indian companies.

Public sector lenders led by State Bank of India and Punjab National Bank, which as a group account for two third of banking assets, are saddled with bulk of $150 billion in stressed loans.

WannaCry, developed in part with hacking techniques that were either stolen or leaked from the U.S. National Security Agency, has infected more than 300,000 computers since Friday, locking up their data and demanding a ransom payment to release it.

There are fears that thousands of employees in the IT sector could be shown the door over the next few weeks.

According to a report released by Bengaluru-based analytics school Jigsaw Academy, acquiring analytics skills in the "Data Age" will boost careers for IT professionals.