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Google initiative to support local news publishers

GOOGLE ON FRIDAY launched Google News Initiative (GNI) to support local news publishers in India as part of its India languages programme.

Go First pilots may approach RP for promised hikes

PILOTS OF GO First are likely to approach resolution professional (RP) Shailendra Ajmera to complain that the airline has till date not issued them letters raising their salaries as promised last month.

NPS: PFRDA plans to bring in systematic withdrawal plan

IN A BID to bring in more people-friendly initiatives, the Pension Fund Regulatory and Development Authority (PFRDA) intends to introduce a plan during the second half of this fiscal, to allow the subscribers of the National Pension Scheme (NPS) to withdraw 60% of the accumulated corpus in a systematic manner instead of the current system of a one-time withdrawal.

More anti-evasion steps on GST Council agenda

We are thinking of some other measures (to plug evasion) and we will take them through the due process of the law committee and GST Council.\"

Q1 advance tax jumps 15%

DIRECT TAX RECEIPTS UP 12% ON YEAR

Report: Johnson deliberately misled UK Parliament

BORIS JOHNSON DELIBERATELY misled the British parliament in an unprecedented way over rule-breaking parties at his office during Covid19 lockdowns, a committee said on Thursday in a damning verdict that further tarnished the former prime minister

70% of Nifty 500 stocks trading above 200 DMA

THREE HUNDRED AND fifty (350) stocks from the Nifty 500 are trading above their 200-day moving average, following a 13% rally in the index during the last two-and-a-half months.

Compromise settlement diktat to hasten recoveries

Top 50 willful defaulters owed banks ₹92,570 cr as of March 2022

GP Hinduja takes over as chairman of Hinduja Group

GOPICHAND (GP) HINDUJA has taken over as chairman of the Hinduja Group, following the death of his elder brother and group patriarch Srichand P Hinduja last month. GP Hinduja was earlier the co-chairman of the diversified conglomerate.

BSNL sees revenue slide in nine circles in FY23

BSNL SAW 14% overall growth in revenue from operations in FY23, but the revenue for the state-owned telecom operator fell in nine out of 30 circles during the year, according to people aware of the matter.

Hero MotoCorp to open 100 premium stores this fiscal

THE COUNTRY'S LARGEST two-wheeler player Hero MotoCorp is trying to strengthen its presence in the premium motorcycle segment (150-250cc), where it has been lagging behind rivals such as TVS Motor and Bajaj Auto.

RIL in talks for $2-bn loan to fuel expansion

FOR CAPEX, REFINANCING

Govt mulls changes in rule to boost insurance sector

THE GOVERNMENT IS considering rule changes to bolster insurance penetration in the country as more companies, including foreigners, line up to enter the segment.

Agri experts warn against market-distorting steps

Stock limits, import duty cut recently to cool food inflation

WTO panel asks India, EU to negotiate IT tariffs by Sept

Dispute settlement body defers adoption of ruling

India, Australia to widen ambit of trade pact

INDIA AND AUSTRALIA have decided to expand the negotiations on Comprehensive Economic Cooperation Agreement by including 15 more areas like agri-tech, critical minerals, space and sports which have never been part of any trade deal that India has been part of, a senior official said Thursday.

Trade deficit at five-month high

Foreign trade in goods remains muted in May

Go First may take off by month end

GO FIRST IS now looking to restart its flight operations by the end of this month.

No SAT relief for Chandra, Goenka

THE SECURITIES APPELLATE Tribunal (SAT) on Thursday refused to stay the Securities and Exchange Board of India's (Sebi's) interim order barring Essel Group chairman Subhash Chandra and Zee Entertainment's MD & CEO Punit Goenka from holding directorial positions in any listed company.

Centre to probe alleged diversion of funds at Hero

THE MINISTRY OF corporate affairs has ordered an investigation to assess Hero MotoCorp's relationship with a third-party vendor in a case related to alleged diversion of funds, two government sources told Reuters on Thursday.

Free Content To Turn Costly For OTTS

Streaming War May Hit Revenue Growth Rate

Law panel seeks fresh views on Uniform Civil Code

Views can be presented within a period of 30 days

India can be superpower in green hydrogen: IEA chief

INTERNATIONAL ENERGY AGENCY (IEA) chief Fatih Birol on Wednesday said that India is at the epicentre of global energy affairs and that it has the potential to become a leader in green hydrogen.

Fed holds rates steady, sees two small hikes by end of year

THE FEDERAL RESERVE kept interest rates unchanged on Wednesday but signalled in new economic projections that borrowing costs will likely rise by another half of a percentage point by the end of this year as the US central bank reacted to a stronger-than-expected economy and a slower decline in inflation.

Paytm surges to a new 52-week high

DIGITAL PAYMENT GIANT One 97 communication (the parent of Paytm) surged 2.84% on Wednesday and hit a fresh 52week high of ₹864 on the NSE.

Cyclone 'Biparjoy' off monsoon path: IMD

THE INDIA METEOROLOGICAL Department (IMD) on Wednesday said the severe cyclonic storm 'Biparjoy' over the Arabina seas has detached itself from the south-west monsoon path, thus giving a boost to the possibility of widespread rainfall over south peninsula and eastern regions during June 17-21.

EPFO details formula for new pension

LINKED TO HIGHER WAGES

Swedish inflation tops forecasts after Beyonce gig fills hotels

SWEDISH CORE INFLATION slowed less than expected in May as Beyoncé fans flooding Stockholm may have driven an increase in hotel prices.

Trump can still run for White House even if convicted

DONALD TRUMP CAN continue his campaign for another term in the White House even as the beleaguered former US president has been indicted for illegally retaining classified government documents after leaving office in 2021.

Google faces EU break-up order on adtech practices

ALPHABET'S GOOGLE WAS charged by EU antitrust regulators with anti-competitive practices in its digital advertising business on Wednesday, which it may now have to sell part of to address their concerns.