Business
Russia-Ukraine war drags Sensex 2,000 points lower
Indian benchmark indices entered correction territory as Russian President Vladimir Putin announced military operations in Eastern Ukraine on Thursday. The Nifty 50 and Sensex have now fallen more than 10 per cent from their recent highs after the brief recovery seen in January. Both the benchmark indices were at...
CBI files case against ABG Shipyard for Rs22,842-cr loan fraud
ABG Shipyard Limited, one of the India’s largest private sector shipyard firm, has been booked in a bank fraud case by the Central Bureau of Investigation (CBI). On Saturday, the CBI filed a case against ABG Shipyard and its then chairman and managing director Rishi Agarwal, and others for allegedly...
SC sets aside HC order for attaching Future, Biyani assets
In a relief for Kishore Biyani-led Future Group, the Supreme Court on Tuesday set aside Delhi High Court order declining stay on an arbitration tribunal decision refusing to interfere with the Emergency Award (EA) of the Singapore International Arbitration Centre (SIAC) in favour of Amazon. The top court said...
Economic Survey projects GDP growth at 8-8.5%
Finance minister Nirmala Sitharaman tabled the Economic Survey 2022 in the Lok Sabha on Monday, January 31. It projected an 8 per cent to 8.5 per cent growth rate for the Indian economy in 2022-23 fiscal year. Indian economy is likely to witness a real GDP expansion of 9.2 per...
‘Isolation’ not mandatory for Covid +ve foreign arrivals
Travellers arriving in India from any country who will test positive for COVID-19 shall be treated/isolated as per the laid down standard protocol and will not mandatorily be managed at an isolation facility, authorities have said. According to the revised Guidelines for International Arrivals’ released on Thursday, the new...
GST Council decides to defer textile duty hike
The GST Council has unanimously decided to defer hike in GST on textiles from 5 per cent to 12 per cent, reports said on Friday. The hike was to take effect from January 1, 2021. The decision was taken at the 46th GST Council meet that was chaired by...
Competition Commission clears Tata’s Air India acquisition
Competition Commission has approved Tata Group’s proposed acquisition of Air India, Air India Express and AISATS. Talace Pvt Ltd, part of Tata Group, is to acquire 100 per cent stakes in Air India, Air India Express and 50 per cent shareholding in Air India SATS Airport Services Pvt Ltd...
Gita Gopinath promoted as IMF First Deputy MD
Indian-American Gita Gopinath, the chief economist of International Monetary Fund, is being promoted as IMF’s First Deputy Managing Director, the fund announced Thursday. She would replace Geoffrey Okamoto who plans to leave the Fund early next year. Gopinath, who was scheduled to return to her academic position at Harvard...
Facebook to scrap thousands of sensitive ad-targeting options
Facebook Inc said on Tuesday it plans to remove detailed ad-targeting options that refer to “sensitive” topics, such as ads based on interactions with content around race, health, religious practices, political beliefs or sexual orientation. The company, which recently changed its name to Meta https://www.reuters.com/technology/facebooks-zuckerberg-kicks-off-its-virtual-reality-event-with-metaverse-vision-2021-10-28 and which makes the...
Mukesh Ambani London relocation report denied
Reliance Industries Limited on Friday termed as ‘false’ media reports stating that Mukesh Ambani and his family were contemplating partly residing in Stoke Park, London. In a press release, the firm said that a recent report in a newspaper had led to “unwarranted and baseless speculation” on social media...
