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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

Will give suitable answer on L&O situation in Karnataka during winter session: Minister Parameshwara


Indigo crisis: Shivakumar urges Centre to act immediately, bring situation under control


Sri Lanka announces raft of relief for Ditwah-affected; Prez says life restored to normalcy


NIMHANS-like institutes needed across country: Minister Sharan Prakash Patil


Delegation requests for Karnataka HC Bench in coastal districts, hands petition to Chief Justice


Gurugram: Four college students held for night-time thefts of car tyres, rims


Two girls injured in separate wolf attacks in UP's Bahraich


On Ambedkar's Mahaparinirvan Din, thousands gather at Chaityabhoomi; Guv, CM hail social icon


Hamilton crashes in final practice for F1 title-deciding Abu Dhabi GP ahead of qualifying


VHP warns of statewide stir in Karnataka against move to ease cattle transport law


UP govt to build protective walls around Ambedkar statues: Adityanath


'Warm and engaging atmosphere reigned', Shashi Tharoor on Putin banquet




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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