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Newspapers shut but Google made $4.7bn from news in 2018

As small and medium newspapers shut shop and big media houses handed over pink slips to journalists worldwide, Google alone made a whopping $4.7 billion from its Search and Google News in 2018 — nearly as much as the entire US news industry made as a whole last year. According to a report in The

Banks can vote against NBCC’s Jaypee Infra bid: NCLAT

The National Company Law Appellate Tribunal (NCLAT) on Monday clarified that the lenders of Jaypee Infratech (JIL) can vote against the NBCC’s bid to acquire the insolvent real estate company.The Delhi-based appellate also directed for the completion of the ongoing voting process, which ends later in the day. IDBI Bank, the lead banker to JIL

It’s now Jet versus Jet as endgame nears

Even as the lenders and the employees hope against hope and expect a white knight to rescue the grounded Jet Airways, the airline’s promoter Naresh Goyal, now deboarded from the pilot seat, knew weeks back that it was time to abandon the sinking ship. Goyal’s travel firm Jet Air in mid-May wrote to Jet Airways

Paytm Payments Bank ahead of major banks in digital transaction target

Paytm Payments Bank has received a target of 501.16 crore digital transactions for the financial year 2019-20 from the Ministry of Electronics and Information Technology (MeitY), higher than the targets set for major banks including HDFC Bank, ICICI Bank and Punjab National Bank. In a statement, Paytm Payments Bank said it is only behind the

Amazon Alexa to talk to you in impeccable Hindi soon

India is a key growth market for Alexa’s global team at Amazon and witnessing the potential, the team is working on to introduce more regional language capabilities in the voice-based assistant that has stormed the living rooms in the country. Though the smart speaker is a relatively young product in India, voice assistants like Alexa

Skoda To Launch Karoq Midsize SUV In Mid-2020

Karoq is based on the MQB platform, used by many cars in the VW Group. It looks like a scaled-down version of the Kodiaq. Available with three petrol and three diesel engine options globally. Will get features like Virtual Cockpit and LED headlamps. Expect it to be priced in the Rs 20-25 lakh range. The

Reliance model portfolio outperforms NIFTY 50 by 66 bps in May

Reliance Securities on Tuesday said its Model Portfolio has outperformed the benchmark index Nifty 50 by 66 bps in May 2019 led by superior stock selection and lower allocation to underperforming sectors like Automobiles, which is seeing significant volume pressure.Nifty target for December 2019 is 13,000 and its model portfolio is set to outperform the

Equity indices open in green, Sensex up 160 points

The key Indian equity indices opened on a positive note on Monday due to buying activity in banking, FMCG and oil and gas stocks.At 9.35 a.m., the Sensex traded at 39,878.35, higher by 164.15 points or 0.41 per cent higher from the previous close of 39,714.20 points. It had opened at 39,806.86 and has so

Hopes of cheaper finance, consumption growth to propel equities

Prospects of cheaper finance along with a liquidity boost from the apex bank will sustain the uptrend in equity markets during the coming week, analysts opined.Accordingly, investors are eyeing a move by the Reserve Bank of India to ease key lending rates to bring down the cost of finance and give impetus to consumption which

Air India seeks nod for Rs 2,400 crore loan from NSSF

Disinvestment-bound Air India has sought the government’s approval to borrow Rs 2,400 crore from National Small Savings Fund (NSSF), a pool of small savings from households, to meet its working capital requirements.The airline, which has seen its total debt ballooning to Rs 58,000 crore, made the request at a meeting on May 14 of all

WhatsApp confirms Status Ads coming in 2020

Ads are coming to WhatsApp, finally, and the intrusion into the popular ad-free mobile messaging platform would begin from Status page. At a Facebook Marketing Summit in the Netherlands, Facebook revealed a 2020 launch date for WhatsApp Status ads. “WhatsApp will bring Stories Ads in its status product in 2020,” tweeted Olivier Ponteville who attended

Reliance Retail set to disrupt Amazon, Walmart-Flip kart: Report

Reliance Retail set to disrupt Amazon, Walmart-Flip kart

Reliance Retail’s upcoming entry into the online retail sector is the biggest challenge for Amazon and Walmart-Flipkart as the Mukesh Ambani-led behemoth is well positioned to create massive disruption in the market, a new report has stressed. According to the global market research firm Forrester, the online retail sales in India will grow at a

Top 5 Car News Of The Week

Top 5 Car News Of The Week

MG Hector Unveiled: MG Motor revealed its first SUV for India, the Hector, in its final avatar. We got to see the Hector up close and here are our first impressions of the SUV. Alert Me When Launched Kia SP2i Interior Spied: The Kia SP Concept is taking production shape and we saw it some time back wrapped up

Women entrepreneurs in India making a mark

Women entrepreneurs in India are definitely forging ahead, marking their space and being counted in society, according to the consensus among experts at an interactive session here organized by the virtual incubator Womennovator. The meeting organised in association with the Union Ministry of Micro, Small and Medium Enterprises (MSME), was supported by Aatm Nirbhar Women’s

US stocks close lower amid global trade prospects

US stocks close lower amid global trade prospects

US stocks closed lower as investors weigh major economic data against global trade prospects.The Dow Jones Industrial Average on Friday decreased 98.68 points, or 0.38 per cent, to 25,764.00. The S&P 500 fell 16.79 points, or 0.58 per cent, to 2,859.53, Xinhua news agency reported. The Nasdaq Composite Index decreased 81.76 points, or 1.04 per

Buy Or Hold: Wait For Toyota Glanza Or Go For Rivals?

Buy Or Hold: Wait For Toyota Glanza Or Go For Rivals?

Toyota is about to launch the first shared product from their tie-up with Suzuki, the Glanza premium hatchback. For all intents and purposes, the Glanza is a rebadged Maruti Suzuki Baleno with pretty identical looks, specs and features. Once launched, the Glanza will also take on the likes of the Hyundai Elite i20, Honda Jazz, Volkswagen Polo and the

Amazon to give financial aid to employees' start-ups

Amazon to give financial aid to employees’ start-ups

In an attempt to help its US-based employees quit their jobs and establish their own businesses, Amazon has announced to fund employees with up to $10,000 for their delivery start-ups along with three months of existing salaries. In June 2018, the company announced that it is encouraging its employees to apply to start their own

Amul hicks milk procurement prices, 7 lakh cattle breeders benefit

Amul hicks milk procurement prices, 7 lakh cattle breeders benefit

The Amul Dairy has increased milk procurement prices by Rs 10 on a kg of fat for buffalo milk and Rs 4.5 in the case of cow milk following a drop in production because due to summer heat, official sources said. The daily milk income of Amul Dairy was 30 lakh litres in the winter

Awarding casino licences can topple government

Awarding casino licences can topple government

Awarding a casino licence in any state other than Goa, could lead to the toppling of its government, according to Narinder Punj, a top official of one of Goa’s largest casinos ‘Big Daddy’. On the sidelines of the formal launch of the casino on Thursday, Punj, who is the chief visionary officer and mentor of

Gold Never Old: For Indians gold still best security, symbol of wealth

Gold Never Old: For Indians gold still best security, symbol of wealth

India is not only a land of festivals but also of weddings. There were 21 auspicious wedding days in the Hindu calendar during first quarter of 2019, three times more than in the year-ago period, and the World Gold Council considers it a crucial factor that drove the demand for the yellow metal globally. The