Denying the reports of a downturn in employment in the country's IT industry, Electronics and Information Technology Minister Ravi Shankar Prasad on Tuesday said in the coming four to five years, almost 20-25 lakh additional jobs will be created in the sector.

Unhappy at the Supreme Court ban on sale of liquor on highways, owners of hotels and restaurants have raised concerns over the hundreds of thousands who stand to lose their jobs as a consequence of the decision.

The total workforce of the country's largest lender -- State Bank of India (SBI) -- will see a reduction over the next two years, after the merger with six entities, owing to attrition, reduced hiring and digitisation, a top official said.

Microblogging website Twitter has shut down their Bengaluru development centre, resulting in many employees losing their jobs. While the company calls it a "routine business review", the move takes off majority of the 100-200 employees based out of Bengaluru.

Union Cabinet on Wednesday approved the first-ever policy for India's capital goods sector which will create nearly 21 million jobs by 2025.