Alibaba fine: Record Alibaba fine shows China’s big tech can’t fight back – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: After China imposed a record antitrust fine on Alibaba Group Holding Ltd, the e-commerce giant did an unusual thing: It thanked regulators. “Alibaba would not have achieved our growth without sound government regulation and service, and the critical oversight, tolerance and support from all of our constituencies have been crucial to […]

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Sensex nosedives 1,708 pts amid massive sell-off; Nifty plunges below 14,350

Share this…FacebookPinterestTwitterLinkedinTumblr The 30-share BSE index sank 1,707.94 points or 3.44% to end at 47,883.38. Equity benchmark Sensex plummeted 1,708 points on Monday following an across-the-board sell-off as spiking COVID-19 cases in the country spooked investors. The 30-share BSE index sank 1,707.94 points or 3.44% to end at 47,883.38. Similarly, the broader NSE Nifty plunged […]

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Rupee slips below 75/USD level in early trade ahead of release of key macroeconomic data

Share this…FacebookPinterestTwitterLinkedinTumblr Rising crude oil prices, foreign fund outflows, spiking COVID-19 cases and heavy selling in domestic equities too weighed on the domestic currency. The rupee opened on a weak note and fell below the 75 per U.S. dollar level in early trade on Monday amid lacklustre opening in domestic equities ahead of the release […]

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Upstox data breach: Hackers hit India’s No.2 broker Upstox, company says ramped up security | India Business News – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr MUMBAI: Hackers have breached security systems at Upstox, the country’s second largest stock broker in terms of number of customers, and stole KYC and other data of about 25 lakh of its customers. Post the data breach, the company on its website said all of the customers’ shares and funds were safe and […]

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India needs to grow faster to make up for contraction during Covid-19 pandemic: IMF – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr WASHINGTON: India, which is projected to grow at an impressive rate of 12.5 per cent this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight per cent that it clocked during the Covid-19 pandemic in 2020, according to a senior IMF official. The International […]

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India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF

Share this…FacebookPinterestTwitterLinkedinTumblr The IMF Deputy Chief Economist, Petya Koeva Brooks also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country’s economy. India, which is projected to grow at an impressive rate of 12.5% this year, needs to grow at a much faster pace to make […]

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Direct tax collections top revised estimates by 5% – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: The Centre’s direct tax collections, net of refunds, were estimated at Rs 9.45 lakh crore during 2020-21, around 5% higher than the revised estimates of Rs 9.05 lakh crore for the financial year, the government said on Friday. Both corporation tax and personal income tax collections turned out to be higher […]

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LinkedIn says user data scraped and put for sale: Report – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr BENGALURU: Personal data of about 500 million LinkedIn users have been scraped and put online for sale, according to a report. This accounts for about two-thirds of the professional networking company’s user base. Data — which includes a user’s name, emails, phone number, workplace information, and links to social media accounts hosted on […]

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Fuel demand rises in March to highest since December 2019 – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: India’s fuel consumption rose in March for the first time in three months, to its highest since December 2019, as economic activity gradually picked up after a coronavirus-induced slowdown. Consumption of fuel, a proxy for oil demand, rose 17.9% to 18.8 million tonnes year-on-year in March, data from the Petroleum Planning […]

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Amazon warehouse workers vote to reject forming union in Alabama – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: Efforts to unionize Amazon.com warehouse workers in Alabama were defeated on Friday by a more than 2-to-1 margin in a major win for the online retailer, but the union trying to organize workers was set to challenge the results, assailing the company’s methods. According to the latest unofficial tally, 1,798 voted […]

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