IT major TCS’s third quarter results announced on Friday indicated a sharp recovery from the lows in the early months of the pandemic. In an exclusive interaction with TOI after the results, TCS CEO Rajesh Gopinathan talked about the surge in demand for cloud. He said cloud will enable a whole new set of transformation … Continue reading Pandemic has put us on new tech upcycle: TCS CEO
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Facebook will not have any access to a user’s details of a digital transaction through WhatsApp Pay as its India payments policy will overrule any privacy changes of the messaging platform, a review of its India payments policy by TOI showed.
The govt believes that economic recovery coupled with action against wrong-doers has helped push GST collections to record levels. Finance secretary Ajay Bhushan Pandey tells TOI that the govt is moving with specific information against those misusing the facility and will ensure that the honest are not burdened. He said an upward trend in economic … Continue reading TOI exclusive: Why GST collection is at new high
Five campaigns created by The Times of India (TOI) won gold, silver, bronze in various categories at the 9th Global Customer Engagement Award 2020 announced by ACEF on Friday. In addition, Times Prime, a part of Times Internet, collected the Grand Prix Award (Bronze) as the Most Admired Customer Engaged Brand.
Kushal Pal Singh is transitioning from being the chairman of DLF, India’s largest real estate developer, to being the chairman emeritus. In a 75-minute interview with TOI, Singh discussed the failure of urbanisation policy, his relationship with the Gandhi family, including the controversial land deal with Robert Vadra, and the future of the real estate … Continue reading In urban infra, we’ve failed, says K P Singh
Talking to TOI shortly after announcing last tranche of Atmanirbhar Bharat package on Sunday, she said while the government did initially rush money to the most vulnerable section, it felt long-term economic consequences of the crisis would be better mitigated by enhancing liquidity as that would help with reopening of the economy.
State Bank of India (SBI) chairman is clear that economic activity needs to resume and it is the pace of recovery that will determine the damage to the economy and bank books. Rajnish Kumar points out that any loss to GDP will get distributed to government, businesses and individuals and thus impact banks. In an … Continue reading Economy can’t be locked down for long: SBI chief
Chief economic adviser Krishnamurthy Subramanian is optimistic that the Indian economy will stage a better recovery once the Covid-19 outbreak subsides and it will be a V-shaped recovery. In an interview to TOI, he talks about the stimulus package, relief funds and how the Jan Dhan-Aadhar-Mobile trinity had helped in providing relief to the vulnerable … Continue reading Economy will stage comeback post-Covid: CEA
Uttar Pradesh government has spent over Rs 12,000 crore in paying salaries and pension for April when its revenues were Rs 2,284 crore. “It is shocking, but the state cannot compromise with the lives of the people,” UP finance minister Suresh Khanna told TOI, reacting to the low tax revenue. It is a similar story … Continue reading State governments face huge revenue shortfall
Executive Access India survey conducted exclusively for TOI revealed that a majority (65%) of Indian Inc senior executives are expected to incorporate disaster planning for business continuity and survival. Additionally, 59% said the way people work will change. The survey was conducted among approximately 200 executives across industries, 35% of them being CEOs.
Paytm has started curbing expenditure amid the pandemic to extend its runway. The e-payments major — India’s most valued startup at $16 billion — has been cutting costs at a rate of 15-20% in the last two months, founder and CEO Vijay Shekhar Sharma told TOI in an exclusive interview earlier this month.
From April 1, Mangalore-based Corporation Bank and Hyderabad-headquartered Andhra Bank will merge into Union Bank. The merger, which was announced and planned last year, comes into effect amid the Covid-19 lockdown. In an interview with TOI, Union Bank MD & CEO Rajkiran Rai explains how the focus is on zero disruption.
Daily LPG bookings have increased more than 200% since Sunday but consumers need not worry about supply crunch during the lockdown period so long as they don’t resort to panic buying or rush to dealerships with empty cylinders. Measures have been put in place to ensure uninterrupted home delivery of refills, retailers’ association told TOI … Continue reading LPG bookings zoom; oil cos say measures in place
India’s imports have declined nearly 16% to $23 billion during March 1-19, while exports dropped 8.2% to $16.3 billion during this period, data accessed by TOI showed.
The restaurant industry faces an existential crisis as consumer footfall and revenue is down 60% on an average even as online food delivery orders have reduced about 20%, according to half a dozen industry executives that TOI spoke to. The development is a direct result of more people staying at home with the onset of … Continue reading Covid-19: Restaurants cut jobs, seek rent, tax sops
The telecom department is working on at least three options to defer the Rs 1.47 lakh crore adjusted gross revenue (AGR) liability of telcos – Vodafone Idea and Airtel, including proposals to let the operators pay around 20% of the outstanding amount upfront. “There is a need to see that the industry doesn’t end up … Continue reading DoT working on 3 options for telco bailout
Data accessed by TOI pointed to a spurt in mobile exports after several assembly units came up in the country. The list of exporters includes Apple, which is shipping iPhones, as well as other prominent brands such as OnePlus and homegrown ones such as Lava and Karbonn. Over half the cellphones were shipped to the … Continue reading Mobile exports buck trend, grow 3x in Apr-Nov
The govt is expected to allow direct listing of Indian companies abroad as part of a plan to allow them to access a larger pool of capital and enable the move towards fuller capital account convertibility. While detailed discussions on the proposal have taken place, a formal decision is awaited, sources told TOI, adding that … Continue reading Govt may allow direct overseas listing of Indian cos
TCS COO NG Subramaniam says revenue cannibalisation is integral to its growth strategy. In an interview with TOI, he speaks about how TCS is repositioning itself for higher-value work and the reason behind discontinuing the practice of calling out its digital revenue.