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Business

IMF trims global growth forecast for 2019 on India slowdown

Davos: The International Monetary Fund (IMF) on Monday slightly revised downwards the growth outlook for the global economy and flagged fundamental issues of reform in trade systems.

 


Amazon to invest USD 1 billion in digitising Indian small, medium business': Amazon chief Jeff Bezos

New Delhi: Amazon chief Jeff Bezos on Wednesday said the e-commerce major will invest USD 1 billion (over Rs 7,000 crore) in digitising small and medium businesses in India.

 


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




Growth in India projected to 'decelerate' to 11-year low of 5% in 2019-2020: World Bank

Washington: India's growth rate is projected to decelerate to five per cent in 2019-20 amid enduring financial sector issues, according to a World Bank report, which said the country's GDP was likely to recover to 5.8 per cent in the following financial year.

 

Gold prices hit lifetime high of Rs 41,730 per 10 gm, zoom Rs 720

New Delhi: Gold prices in the national capital hit an all-time high level on Monday and zoomed Rs 720 to Rs 41,730 per 10 gram following a pick-up in safe-haven demand for the metal amid weak equities and bullish global trends, according to HDFC Securities.

 

NCLAT orders reinstatement of Cyrus Mistry as Chairman of Tata Sons

New Delhi: In a big win for Cyrus Mistry, a company law appeals court on Wednesday restored him as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran as head of the holding company of over USD 110 billion salt-to-software conglomerate was illegal.

Infosys to pay USD 800,000 to settle worker misclassification, tax fraud charges

Infosys, India's top IT major, has agreed to pay USD 800,000 to settle allegations of misclassification of foreign workers and tax fraud, officials announced Tuesday.

Index of Industrial Production falls for 3rd straight month by 3.8% in October

New Delhi: Showing signs of economic slowdown, Industrial production shrank for third consecutive month in October by 3.8 per cent, mainly due to output fall in manufacturing, mining and electricity sectors, as per official data released on Thursday.

 

Reliance Jio brings new plans, prices rise by up to 39%

New Delhi: Reliance Jio on Wednesday announced new plans which will be costlier by up to 39 per cent compared to older plans for its customers.

Larry Page, Sergey Brin step down; Sundar Pichai promoted as Alphabet CEO

Google's India-born Chief Executive Officer Sundar Pichai will assume the leadership role at its parent firm Alphabet after the internet giant's co-founders Larry Page and Sergey Brin stepped down from its active management, making him one of the most powerful corporate leaders of the world.

About 92,700 BSNL,MTNL employees opt for voluntary retirement; firms to save Rs 8,800 crore annually

New Delhi: Nearly 92,700 employees of BSNL and MTNL have opted for voluntary retirement, which is expected to save about Rs 8,800 crore annually in salary bills for the debt-laden telecom companies.

 

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