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Business

Facebook plans its own currency ‘Libra’ for 2 billion-plus users in 2020

San Francisco: Amid intense calls to break it down as the company has grown too big, Facebook on Tuesday announced its own digital wallet subsidiary called "Calibra" for its global cryptocurrency "Libra" which would be powered by Blockchain technology.

 


Google's Sunder Pichai to receive 2019 Global Leadership Award

Google's India-born CEO Sundar Pichai and Nasdaq president Adena Friedman have been chosen for the prestigious Global Leadership Awards 2019 by business advocacy group USIBC in recognition of the two companies' contribution as the leading technology-driven platforms.


LATEST HEADLINES

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


Farmers in Chincholi demand better MSP, accuse sugar factory owners of not fulfilling assurance


Rajasthan High Court receives bomb threat; police swing into action


Annadaneshwara Swami of Neela Manika Mutt passes away at 75


Jhansi: Dalit youngster assaulted, stripped after picking him up on pretext of giving cigarettes


Karnataka: Indigo disruption forces newlyweds to attend reception online


Karnataka BJP MP seeks cut in sugar recovery rate, hike in MSP




Unemployment rate highest in 45 years, 6.1 pc in 2017-18, confirms govt data

New Delhi: Confirming unemployment rate projected in a pre-election leaked report, the government Friday said joblessness in the country was 6.1 per cent of total labour force during 2017-18, the highest in 45 years.

 

Ford to cut 7,000 jobs by August, 10% of global salaried staff

New York: Ford plans to cut 7,000 jobs, or 10 percent of its global salaried workforce, as part of a reorganization as it revamps its vehicle offerings, the company said Monday.

 

Gold crosses Rs 33,000-mark, silver firms up

New Delhi: Gold prices surged by Rs 425 to Rs 33,215 per 10 gram in the national capital Monday due to increased buying by jewellers amid firm trend overseas, according to the All India Sarafa Association.

 

LuLu Group’s M A Yusuff Ali richest Malayali in the World in Forbes’ rich list

Kochi: Forbes published the latest list of global billionaires in which eight Malayalis have found place among 2,153 richest people. Yusuff Ali M A, chairman of LuLu Group International, topped Malayalis with a net worth of $4.70 billion (Rs 32,981 crore), ranking 394, followed by Ravi Pillai with $3.90 billion net worth, ranking 529 in the world.

Industrial growth falls to 17-month low of 0.5 pc in November

New Delhi: Industrial output growth dropped to a 17-month low of 0.5 per cent in November on account of contraction in manufacturing sector, particularly consumer and capital goods.

I&B Ministry hikes advertisement rates for print media by 25 pc

New Delhi: The government has hiked by 25 per cent the rates at which the Bureau of Outreach and Communication releases its advertisements to the print media.

Interpol issues Red Corner Notice against Mehul Choksi: CBI

The Interpol has issued a Red Corner Notice against absconding billionaire Mehul Choksi, who is accused of cheating state-run Punjab National Bank to the tune of Rs 13,000 crore in alleged collusion with his nephew Nirav Modi, officials said Thursday.

RBI keeps repo and reverse repo rates unchanged

The Reserve Bank of India (RBI) Wednesday expectedly kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not materialise.

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