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Business

Vodafone Idea posts highest-ever loss by an Indian firm at Rs 73,878 crore in FY20

Vodafone Idea, the country's third largest telecom operator, on Wednesday reported a staggering Rs 73,878 crore of net loss in fiscal ended March 2020 - the highest ever by any Indian firm - after it provisioned for Supreme Court mandated statutory dues.


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.


LATEST HEADLINES

Two die in Kerala of suspected food poisoning after eating at Vizhinjam eatery


Karnataka leadership row intensifies with minister's 'dog' remark


Telugu actress death: SC upholds jail for paramour, directs him to surrender


Ramadan to begin from Thursday: Shaikhuna Qazi Mani Ustad announces


22 Naxalites surrender in Chhattisgarh's Sukma district


India intensifying engagement with global partners from position of strength: Jaishankar


Actor Rajpal Yadav walks out of Tihar Jail after HC suspends sentence in cheque bounce cases


Bengaluru narcotics crackdown: 15 held, drugs worth Rs 10.59 cr seized


Omar thanks Home Minister Shah for reopening 14 tourist destinations in J-K


Zimbabwe enter T20WC Super 8s after washout against Ireland


One dead, 2 critical after knife attack over dispute on social media posts; minor among 2 held


PM Modi holds talks with French President Macron in Mumbai




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.

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.

 

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