Hyderabad

IT, ITeS exports may see 10% growth in FY19

Indian IT and ITeS exports may clock 8 to 10 per cent growth during the current fiscal a senior official of Electronics and Computer Software Export Promotion Council (ESC), a body under the Department of Commerce said here Tuesday.

Executive director of ESC, D K Sareen also said the export of electronic hardware may also witness positive growth at about seven to eight per cent on the back of newer avenues such as Solar power electronics, UPS systems and electronic energy meters.

IT & startups likely to hire 5 lakh professionals in 2019

India's information technology (IT) services sector and startups together are expected to hire up to five lakh people in 2019 as demand for freshers is on the upswing, an industry veteran said on Wednesday.

Former chief financial officer of IT major Infosys, TV Mohandas Pai said entry-level packages in the industry went up by as much as 20 per cent in 2018, after stagnation in salaries for the past seven years.

"Growth is coming back to the Indian IT services industry," he told PTI, talking about industry highlights in 2018 and prospects in the coming calendar year.

Fresh accretion of NPAs has come down: SBI

The state bank of India (SBI) has be­en pursuing resolution of non performing assets (NPA) and they sh­ould decline in the future, with fresh accretion coming down, a senior bank official said on Tuesday.

“As far as the NPAs are concerned, most of the large accounts which were not performing had already been regularised as NPA. So the bank has been acting on getting the resolutions done. So, lot of those large cases are already under NCLT,” SBI managing director (retail & digital banking), Parveen Kumar Gupta told reporters.

Army to extend support to disabled war veterans: Gen Rawat

The Army is taking efforts to compile data on war veterans who suffered disability so as to provide them support, including prosthetic limbs in needed cases, Army Chief General Bipin Rawat said Friday.

Gen. Rawat, here to attend the Convocation Ceremony at the Military College of Electronics and Mechanical Engineering (MCEME), said the aim was also to motive the disabled soldiers that disability does not mean they cannot do anything.

KCR destroys opposition, wins a landslide

In a clear vindication of K Chandrasekhar Rao’s (in pic) popularity, the Telangana Rashtra Samithi (TRS) on Tuesday steamrolled a feeble opposition challenge to win the assembly elections by a landslide, riding pro-Telangana sentiments and the success of a raft of populist schemes launched by his government.

Extradition sparks political slugfest

A day after the ruling BJP termed the extradition of Christian Michel, the alleged middleman in the AgustaWestland chopper deal case, a diplomatic victory for India and pointed out that it could spell “serious trouble” for Congress’ “first family”, referring to Gandhis, the Congress on Wednesday  alleged that the BJP and prime minister Narendra Modi were “latching” on to Michel for a “smear campaign” against opposition leaders.

BJP set for a good majority in MP, claims Chouhan

Madhya Pradesh chief minister Shivraj Singh Chouhan said that his party would get a comfortable majority in the just-concluded elections in the State. He was here to campaign for his party in the Telangana assembly polls.    

“We will get a good majority. You will see it on December 11. The BJP will get a comfortable majority,” Chouhan said.

Cong obstructing construction of Ram temple, says Yogi

Uttar Pradesh chief minister Yogi Adityanath Sunday accused the Congress of obstructing construction of Ram temple in Ayodhya and charged the Rahul Gandhi-led party and TRS with indulging in Muslim appeasement.

"If anyone is creating obstruction in the way of construction of a grand temple in the birthplace of lord Ram, it's Congress, Congress," he said, addressing a BJP election rally in Sangareddy. "We should all make efforts to understand the intention of the Congress party," he said.

KCR worked only for himself and people close to him: Sonia

UPA chairperson Sonia Gandhi today lashed out at Telangana's TRS government, saying it neglected dalits, tribals, minorities, women and students with Chief Minister K Chandrasekhar Rao working only for himself and those close to him.

She also said the development that was expected following the creation of Telangana did not happen under Rao.

"Chief Minister Rao has cared only for himself and his own people leaving the child (Telangana) to suffer," she told an election rally at Medchal near here.

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