Business

In a fresh note to investors issued late on Monday, Kuo said that Apple's deep collaboration with current automakers (Hyundai Group, GM and PSA) who have extensive development, production

"We are a bit disappointed that concerns of the telecom sector, which is the backbone of digital India, remained unaddressed," S.P. Kochhar, Director General, COAI, said in a statement.

Analysts said that traders remained cautious ahead of Reserve Bank of India (RBI) monetary policy outcome to be announced on Friday.

The pandemic aggravated the discoms' difficulties due to the fall in electricity demand from higher-paying commercial and industrial customers

Headquartered in California, Imaginea has offices in London and India. It currently advises more than 200 global clients to deliver cloud-first transformations.

The Sensex ended 1,197.11 points or 2.46 per cent higher at 49,797.72. The BSE gauge topped the 50,000-level briefly and swung 1,554 points during the day.

The import duty on PCBA for making any charger is proposed to be raised to 15 per cent from 10 per cent imposed earlier with effect from February 2.

Further, infra works have been proposed that include building 8,500-km of highways by March 2022.

The hospitality segment has been among the worst hit sectors due to Covid and the occupancy rate with the hotels has fallen to around 25 per cent compared to the pre-covid times.

Startups and MSMEs termed the Budget as pro-growth and pro-technology and will usher in the digital payments era of the country.

Unveiling the Union Budget 2021-22, the Finance Minister said that a professionally managed DFI to be set up to provide, enable and catalyze infrastructure financing.

The high level of provisioning by public sector banks for their stressed assets calls for measures to clean up the bank books, the finance minister said while unveiling the Budget for 2021-22.

The announcement is important to enhance access to digital content to millions of Indian users who are witnessing a spurt in smartphone and Internet usage.

The 30-share BSE Sensex zoomed 2,314.84 points or 5 per cent to finish at 48,600.61.

However, in a major relief, senior citizens above 75 years of age are now exempted from filing tax returns.

Sawant has thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the allocation.

The Finance Minister began her Budget speech at 11 a.m. for the third time in the National Democratic Alliance (NDA) government led by Prime Minister Modi.

In a tweet after the Budget, he said, "Forget putting cash in the hands of people, Modi Govt plans to handover India's assets to his crony capitalist friends."

He said the entire focus of the budget was only on the electoral states. It seems to be more 'five electoral state budgets' than the Union Budget.

"Domestic electronic manufacturing has grown rapidly. We are now exporting items like mobiles and chargers," Sitharaman said.

"Four Indian astronauts are being trained in Russia. The first unmanned launch, the precursor to a manned mission, is scheduled for December 2021," Sitharaman said while presenting the Union Budget on Monday.

Sodexo's iconic digital meal benefit "Sodexo Meal Pass" will now be made available to 100,000 plus employees of Amazon in India

Damodar Kochkar, president of the Goa Small Industries Association said that the focus on infrastructure spending was a good sign for the small industries.

The customs duty on gold and silver was reduced to 7.5 per cent.