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Business

Over 200 Microsoft employees urge Satya Nadella to cancel contracts with police

 Over 200 Microsoft employees have urged CEO Satya Nadella to cancel the company's contracts with the Seattle police department and other law enforcement agencies amid widespread calls in the US to defund the police following the custodial killing of African-American George Floyd, according to a media report.


Services sector activities contract sharply in May; firms cut jobs: Survey

India's service sector activities declined sharply in May as the coronavirus pandemic continued to impair business operations, restrict consumer footfall at shops and resulted in job losses, a monthly survey said on Wednesday.


LATEST HEADLINES

IndiGo cancels over 1,000 flights on Friday; expects situation to normalise by Dec 10-15: CEO


K'taka govt, Taiwan's Allegiance Group sign MoU to establish industrial technology innovation park


CBI books ex-AAI chairman for corruption in contract for food and beverage operator at airports


Cong says LoPs not invited to Putin banquet, takes swipe at Tharoor for accepting invite


Russian drone strike kills 12-year-old boy in Ukraine as peace talks kept under wraps


SC grants bail to man booked under UAPA as chargesheet not filed within stipulated period


Five engineering students killed as car rams into truck in Andhra


No intervention in foundation stone-laying of Babri-style mosque in Murshidabad, says Cal HC


Temple money belongs to deity, cannot be used to save cooperative banks: SC


Adults can be in live-in relationship even without attaining marriageable age: Rajasthan HC


Three militants arrested in Manipur for threatening Sangai festival participants


Karnataka's Bill against Hate Speeches conspiracy against Hindutva activists: Pramod Muthalik




Foreign investors pull out USD 26 billion from Asian economies; USD 16 billion from India

Amidst the global economic recession due to the coronavirus pandemic, foreign investors have pulled out an estimated USD 26 billion from developing Asian economies and over USD 16 billion out of India, according to a Congressional report.

Global economy could witness losses worth up to USD 8.8 trillion due to COVID-19: ADB

The global economy is expected to suffer USD 5.8-8.8 trillion in losses due to the coronavirus pandemic, Asian Development Bank (ADB) said on Friday.

Moody's Investors Service sees India's economic growth at zero' in FY21

Moody's Investors Service on Friday said it estimates India's GDP growth to hit zero' in FY21 and pointed to a wide fiscal deficit, high government debt, weak social and physical infrastructure, and a fragile financial sector.

Facebook picks up 10% stake in Jio Platform for Rs 43,574 crore

Facebook on Wednesday announced an investment of USD 5.7 billion (Rs 43,574 crore) to buy a 10 per cent stake in the firm that houses billionaire Mukesh Ambani's telecom arm Jio as the social media giant looks to expand presence in its largest market in terms of subscriber base.

Microsoft co-founder Bill Gates leaves board

Microsoft on Friday announced that co-founder Bill Gates has left its board of directors to devote more time to philanthropy.

BSNL, Air India, MTNL highest loss-making PSUs in 2018-19; ONGC most profitable: Survey

New Delhi: ONGC, Indian Oil Corporation and NTPC were the top three profitable PSUs in 2018-19, whereas BSNL, Air India and MTNL incurred highest losses for a third consecutive year, according to a survey tabled in Parliament on Monday.

 

LIC employees' union up in arms against IPO plan

Mumbai: Employees' union of LIC has strongly opposed the government's plan to sell a part of its holding in the country's largest financial institution through a public issue.

 

GDP growth rate for 2018-19 revised downwards to 6.1%

New Delhi: The government on Friday revised downwards the economic growth rate for 2018-19 to 6.1 per cent from 6.8 per cent estimated earlier, mainly due to deceleration in mining, manufacturing and farm sectors.

 

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