BENGALURU | MUMBAI: Tata Consultancy Services’ (TCS) has set an uphill task for its smaller rival Infosys to play catch up in an environment where there is a revival of large outsourcing deals from the banking and financial services industry, the biggest contributor to Indian companies and the US, its main market.

Indian Farmers Fertiliser Cooperative Limited (IFFCO), a large-scale fertiliser cooperative federation has taken another step to serve and connect the farmers digitally by launching a social e-commerce app and web portal, 'IFFCO iMandi'.

This is in line with the vision for a 'Digital India' by Prime Minister Narendra Modi. Going forward, all e-commerce and digital initiatives of IFFCO shall be available on the IFFCO iMandi platform.

Finance Minister Piyush Goyal has said that the Goods and Services Tax (GST) has worked well in past one year and has generated sufficient revenue.

Addressing the seminar organised by Chhattisgarh Chamber of Commerce and Industries (CCCI) under aegis Chhattisgarh State Infrastructure Development Corporation (CSIDC), Goyal said, "The GST in the past one year has successfully worked and has generated ample revenue.

It is the third year since Swiss banks made public a list of accounts lying dormant without any trace of owners and no claimant has come forward for those with Indian links, even as a political slugfest continues in India over alleged black money parked there.

Bajaj Auto, under pressure in the domestic motorcycle market for the last couple of years, reported a sharp 300 basis points increase in its market share in the June quarter over a year ago.

The maker of Discover and Pulsar models saw its share go up to 16.27 per cent in the three months to June from 13.96 per cent in the year ago period.

Amazon has announced a 36-hour long Prime Day sale on July 16. The sale will go live on July 16 noon simultaneously in 17 nations till July 17 midnight. Amazon's this year Prime Day sale is getting bigger than the last year's. The first edition of Prime Day sale was 30-hour long. This year Amazon will introduce around 200 exclusive products on its website.

Premium growth of life insurance players has doubled for the first quarter of this financial year (FY2019), according to data released by the Insurance Regulatory and Development Authority of India (Irdai).

The growth rate in premium revenue for life insurers in the first quarter of 2018-19 touched 10.8 per cent, year on year, compared to an annual premium growth rate of 5.6 per cent in the first quarter of 2017-18.

The Reserve Bank of India has given its nod to Fairfax to acquire 51 per cent stake in Kerala-based Catholic Syrian Bank (CSB).

This is the first stake sale of an Indian bank to a foreign non-banking entity since the Banking regulator tweaked ownership norms in May 2017.

Microsoft Corp on Friday called for government regulation of facial recognition technology and for laws governing its acceptable uses. “We believe Congress should create a bipartisan expert commission to assess the best way to regulate the use of facial recognition technology in the United States,” Microsoft President Brad Smith wrote in a blog https://blogs.microsoft.com/on-the-issues/2018/07/13/facial-recognition-technology-the-need-for-public-regulation-and-corporate-responsibility post.

Vedanta quoted the highest offer of Rs 2,500 crore for GMR’s 1,370-MW thermal power plant in Raikheda, Chhattisgarh, sources told FE. The offered price estimates the cost of the plant at Rs 1.8 crore/MW, significantly lower than the Rs 6 crore/MW needed to set up a coal-based power generation asset. Adani Power is said to have quoted the second highest price, but it could not be immediately ascertained.

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