Economy will contract 4.5% due to COVID-19 lockdown: Govt

New Delhi: A finance ministry report on Monday (July 6) said that the country's gross domestic product (GDP) will contract 4.5 per cent as predicted by International Monetary Fund, in the current fiscal due to unprecedented supply-demand shocks induced by the COVID-19 pandemic.

GST collection slumps by 31%, but e-way bills bring signs of recovery

Despite a 31 per cent drop in Gross Direct Tax (GST) collection, a recent rise in daily e-way bills has indicated a possible recovery in the economy.

CBI books GVK Group chairman, son for siphoning off ₹705 cr from MIAL

New Delhi: The CBI has booked Venkat...

BSNL cancels 4G tender after DoT says no to Chinese telecom gear: Source

Bharat Sanchar Nigam Ltd's (BSNL) tender for 4G upgrade has been cancelled after the Department of Telecom (DoT) asked the state-run firm not to use Chinese telecom gear, according to a source.

Should you invest in Floating Rate Savings Bonds 2020 (Taxable)?

The Reserve Bank of India has announced the launch of Floating Rate Savings Bonds 2020 (Taxable) with an interest rate of 7.15 per cent, which will be available for subscriptions from July 1.

India’s external debt USD 558.5 billion in March, 15.4 billion increase this ye...

Mumbai: India's external debt stood at USD 558.5 billion in March, an increase of USD 15.4 billion compared to the year-ago period, according to RBI data.

Lakshmi Mittal’s brother Pramod Mittal declared bankrupt by UK court

The Insolvency and Companies Court in London has reportedly declared Pramod Mittal, brother of steel industrialist Lakshmi Mittal, bankrupt due to his debt of over £130 million, according to a report in The Times.

Ahmed Patel questioned again over bank fraud case “bigger than PNB scam”

New Delhi: Enforcement Directorate (ED) investigators on Tuesday (June 30) began the second round of questioning of senior Congress leader Ahmed Patel at his house here in connection with the Sandesara brothers bank fraud and money laundering case probe, officials said. A three-member team of the central agency along with few other officials reached Patel'...

TOP 5 FOR THE DAY

US will need to take a different approach to China, says Pompeo

The United States has to take a different path on China as the previous policy of helping them open up their economy with the belief that this would lead to more political freedom has not worked, Secretary of State Mike Pompeo says,

Jawan, terrorist killed in encounter in J&K’s Pulwama

A security personnel and ...

Haridwar border sealed in view of ban on Kanwar Yatra

The Haridwar district adm...

Nabanna vs Raj Bhavan: Inside the murky corridors of power in Bengal

One loses count of the number of occasions West Bengal Governor Jagdeep Dhankar engaged in a war of words with Chief Minister Mamata Banerjee and her government since taking oath as Governor on July 31 last year.

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Young innovators go local to drive change in Karnataka

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Custodial deaths: When will TN rein in its police force

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Time we bleached unfair, ugly truths off shelves

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Second wave of Me Too pushes gaming companies to act

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Vodafone Idea loses 34.6 lakh users in Feb; Jio adds 62.5 lakh: TRAI

Vodafone Idea lost 34.67 lakh mobile subscribers in February, even as Reliance Jio continued to be on a roll adding 62.57 lakh users, according to latest data released by sector regulator Telecom Regulatory Authority of India (TRAI).

Preference for personal mobility to boost auto sales in July: Report

Mumbai: Strong inquiries for passenger vehicles and two-wheelers, rising footfall post-lockdown easing in tier 2 and tier 3 cities, increased preference for personal mobility, and wedding season demand are expected to boost auto sales in July, a report has said.

Plummeting palm oil demands amid COVID need ‘fair and lovely’ packaging

India’s edible oil industry would like the Malaysian and Indonesian governments to give a 'fair and lovely' makeover to palm oil even as Hindustan Unilever has decided to rename its skincare brand of that name owing to a backlash against systemic discrimination against people of colour in the West.

After claiming to stop invasive practice, TikTok caught spying on iPhone users

The users who are currently testing the beta version of the upcoming iOS 14 software for iPhones have found that TikTok is recording whatever they are typing on their phones, ranging from non-sensitive information to passwords or even sensitive email information.

Discoms’ dues to power cos rise 63% to ₹1.23 lakh cr in April

New Delhi: Power producers total outstanding dues owed by distribution firms rose nearly 63 per cent to ₹1.23 lakh crore in April 2020 over the same month previous year, reflecting stress in the sector.

Google Meet to add polling, hand raising, Q&A features soon

The video conferencing application Google Meet is now bringing many interesting features to take over its rival Zoom. Google Meet users will now be able to access features such as blurred backgrounds or can change it by uploading their own.

90% sellers back on Flipkart, huge traction seen due to new MSMEs on list

New Delhi: Walmart-owned Flipkart on Saturday (June 27) said it has enabled more than 90 per cent of its sellers to resume business on the platform since April.

Because we’re worth it: L’Oreal drops ‘whitening’ words from ...

International cosmetics giant L’Oreal on Friday (June 26) said that it will remove words such as “white”, “fair” and “light” from its skincare products.

ED team visits Ahmed Patel’s house, records statement on Sterling Biotech case

An Enforcement Directorate (ED) team visited veteran Congress leader Ahmed Patel’s Delhi residence on Saturday in connection with a money laundering case involving Sterling Biotech Ltd, a company promoted by the absconding Sandesara brothers. The agency had gone to Patel’s house to record his statement in the case. He was earlier summoned for qu...

Petrol price up 25 paise, diesel 21 paise; total increase of ₹9.12, ₹11.01 in 3 weeks...

New Delhi: Petrol price was hiked by 25 paise per litre and diesel by 21 paise on Saturday (June 27), taking the cumulative increase in rates in three weeks to ₹9.12 and ₹11.01 respectively. Petrol price in Delhi was hiked to ₹80.38 per litre from ₹80.13, while diesel rates were increased to ₹80.40 a litre from ₹80.19, according to a price notification of ...

Facebook to label all rule-breaking posts after being boycotted by companies

Oakland: Facebook has said that it will flag all "newsworthy" posts from politicians that break its rules, including those from President Donald Trump. Separately, Facebook's stock dropped more than 8 percent, erasing roughly USD 50 billion from its market valuation, after the European company behind brands such as Ben & Jerry's and Dove announced it...

Facebook to notify users while sharing over 90 days old content

Social networking giant Facebook is globally rolling out a notification screen that will let users know when news articles they are about to share are more than 90 days old, a move aimed at empowering users make informed decisions about the content they share.

Chinese imports likely to continue till feasible alternatives emerge: Auto, Pharma pl...

New Delhi: Imports from China are expected to continue for the time being till other feasible and cost effective alternatives emerge, according to players in Indian automobile and pharmaceutical industries. Days after a deadly border clash with China that saw 20 Indian soldiers losing their lives, there has been a call from various quarters to cut imports ...

Petrol price crosses ₹80-mark in Delhi for first time since 2018, diesel at new high

Petrol price in the national capital on Friday (June 26) crossed ₹80 per litre mark, for the first time in more than two years, as oil companies continue to raise petrol and diesel prices in line with costs. Oil companies hiked petrol price by 21 paise per litre and diesel by 17 paise a litre, according to a price notification of state oil marke...

‘Never say never’: Will a troubled AirAsia quit India amid pandemic?

New Delhi: AirAsia India’s journey in the country has been dotted with troubles and the current situation, brought about by the pandemic and consequent assault on airline industry’s fortunes, may only exacerbate the pain.

Indians’ money in Swiss banks fell by 6% in 2019; 3rd lowest in 3 decades

Funds parked by Indian individuals and enterprises in Swiss banks, including through India-based branches, fell nearly 6 per cent in 2019 to 899 million Swiss francs (Rs 6,625 crore), annual data from Switzerland''s central bank showed on Thursday (June 25).

Diesel crosses ₹80-mark in Delhi after 19th consecutive price hike

New Delhi: Diesel price in the national capital crossed the ₹80 per litre-mark for the first time ever on Thursday (June 25) as oil companies raised prices for the 19th day, taking the cumulative rate to ₹10.63 a litre. Petrol price, after a days hiatus, was hiked by 16 paise and the increase in less than three weeks now totals ₹8.66 per litre. Petrol p...

Fair trade regulator clears Facebook’s bid to acquire 9.99% stake in Jio

Fair trade regulator Competition Commission of India (CCI) on Wednesday (June 24) approved Mark Zuckerberg-led Facebook's bid to acquire a 9.99 per cent stake in Mukesh Ambani's Reliance Industry Limited's (RIL) telecom arm Jio Platforms.

Cooperative banks to be supervised by Reserve Bank of India

The Central government has decided to bring 1,482 urban cooperative banks and 58 multi-state cooperative banks, under the supervisory powers of the Reserve Bank of India (RBI).

Historic low: IMF predicts 4.5% slump in Indian economic growth in 2020

Washington: The International Monetary Fund on Wednesday projected a sharp contraction of 4.5 per cent for the Indian economy in 2020, a "historic low," citing the unprecedented COVID-19 pandemic that has nearly stalled all economic activities.
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