Prime Minister Narendra Modi Monday expressed sadness over the death of BJP leader and former union minister Tapan Sikdar, and said that he will be remembered for his “rich contribution in building the BJP”.

“Tapan Sikdar ji’s demise is extremely saddening. May his soul rest in peace,” Mr. Modi said in a tweet.

The IT industry in India today is worth more than $100 billion and is employing over 3 million employees. This is one of the largest private sector employers in the country. It also contributes close to 10% of India’s GDP and is one of the highest forex earners for the country.

NEW DELHI: Country's largest car-maker Maruti Suzuki India (MSI) today reported 19.2 per cent rise in total sales in May to 1,00,925 units as against 84,677 units in the same month last year.

The company said its domestic sales rose 16.4 per cent during the month to 90,560 units as against 77,821 units in May 2013.

NEW DELHI: Hyundai Motor India Ltd (HMIL) today reported nine per cent decline in total sales to 51,718 units in May 2014.

The company had sold 56,856 units in the same month last year, it said in a statement.

MUMBAI: Shares of infrastructure and engineering major L&T are in demand after the company impressed the street with margins during Jan-March quarter. Most brokerages remain bullish on the stock and have raised their target price by revising EPS guidance upwards.

MUMBAI: The Sensex began the week on a promising note, snapping two-day losing streak. It gained over 350 points, led by gains in capital goods, oil & gas and power.

The next trigger for the market will be any positive surprise from the Reserve Bank of India at its policy meet tomorrow, say analysts. However, the central bank is likely to keep interest rates unchanged tomorrow, says ET poll.

While this city, India's second-largest information technology (IT) hub, will continue to grow after the bifurcation of Andhra Pradesh, Visakhapatnam (Vizag) is well positioned to boost growth in the sector in residual Andhra Pradesh, say stakeholders in the sector.

Undivided Andhra Pradesh (AP) was the fourth largest state in India in area and fifth in population. It was ranked third in absolute size of gross domestic product (GDP) and 11th in the country on per capita income.

The gross state domestic product (GSDP) in 2012-13 at current prices was Rs 738,497 crore. Per capita income was Rs 77,277. In the 11th Five Year Plan (2007-12), AP registered an annual growth rate of 8.18 per cent against the national GDP growth of 8.02 per cent (at constant prices).

It can be termed the clash of the titans in hydrocarbon space or the alleged "great gas robbery".

Government-owned Oil and Natural Gas Corporation (ONGC), the country's largest producer of both, alleges Mukesh Ambani's Reliance Industries (RIL), the country's largest private company by market capitalisation, has stolen gas worth Rs 30,000 crore from its block in the Krishna-Godavari (KG) basin.Approaching the high court here last month, the Maharatna major says RIL had drawn out 18 billion cubic metres of natural gas from 2009 to September 2013 from its assets.

Charges for government services such as licence fee for vehicle registration and entrance tickets for tourist places might go up, with the finance ministry pushing for a higher levy.

The proposal is aimed at rationalising the charges in line with economic growth and inflation. Many of the charges have not been revised for years and sometimes the government is not even able to recover its cost, leave alone depriving the exchequer of more revenue.

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