In a recent circular on Tea Marketing Control Order (TMCO), 2003, the board said routing 50 percent of the produce through auctions will bring stability in the price realisation process. It also said if any producer does not comply with the order, strict action will follow.

Edtech major Byju's on Monday announced the acquisition of Singapore-headquartered Great Learning in a transaction valued at USD 600 million, comprising cash, stock and earnout. The company has also earmarked an additional USD 400 million of investment in the professional and higher education segment to accelerate Great Learning's growth, a statement said.

The government paid Rs 164.5 crore to Infosys to build the new income tax e-filing portal between January 2019 and June 2021, Parliament was informed on Monday. "The contract for Integrated e-filing & Centralized Processing Centre (CPC 2.0) Project was awarded through an open tender published on Central Public Procurement Portal (CPPP) to Infosys Ltd, the Managed Service Provider on the lowest cost basis. Since January 2019 till June 2021, the total amount paid to Infosys is Rs 164.5 crore under this project," Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha.

The Indian cement industry has been on a volume growth path led by several government initiatives and has a "bright" prospect for this financial year, said UltraTech Cement Chairman Kumar Mangalam Birla. The government's spending on infrastructure projects and affordable housing schemes such as the Pradhan Mantri Awas Yojana (PMAY) with enhanced budgetary allocations will be the primary drivers of growth for the cement industry, said the latest annual report of the Aditya Birla group firm.