'Facebook ad delivery inherently discriminatory'

New York (IANS) Facebook's ad delivery algorithms have an inherent system that discriminates based on race and gender even when advertisers have no such plans, researchers have found.

The team from Northeastern University, the University…

Jalan panel norms to apply to current, future RBI reserves

New Delhi (IANS) The Bimal Jalan panel examining the RBI's policy of distributing its reserves may suggest a guiding principle for surplus transfers as well as a specific timeframe for its application while keeping in mind the public policy mandate…

RBI cuts key lending rate to 6%

Mumbai (IANS) In the first monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent.

"On the basis of an assessment…

Government meets fiscal deficit of 3.4% in 2018-19

New Delhi (IANS) The Finance Ministry is believed to have met the revised fiscal deficit target of 3.4 per cent in the last fiscal 2018-19 largely by cutting expenditure, withdrawals from small savings accounts to meet the food subsidy and higher…

No lay-offs or cut in retirement age: BSNL chairman

New Delhi (IANS) Public sector telecom carrier BSNL has said there is no plan to effect any lay-offs in the company, as well as any move to reduce the retirement age although an attractive VRS is underway for "willing" employees.

"Turnaround…

Sensex slips 200 pts after RBI policy outcome

Mumbai (IANS) Sensex turned choppy after the RBI announced lowering of the key lending rate for commercial banks by 25 bps to 6 per cent, in its first monetary policy meet of the new fiscal year. Sensex slipped 200 points during the afternoon session…

Banks, others may lose over Rs 90,000 crore as Videocon sinks

Mumbai (IANS) The beleaguered Videocon Group has admitted to stupendous outstandings to various lenders - public and private - amounting to over Rs 90,000 crore, making it perhaps the biggest corporate bankruptcy case in Indian banking history, official…

Centre pays sovereign guarantees to ADB, KfW for IL&FS

New Delhi (IANS) In a major development in the IL&FS crisis, the government has of late paid up on sovereign guarantees to Asian Development Bank (ADB) and KfW, a state-run bank of Germany, people in the know of the developments said.

Sensex jumps over 100 pts, Nifty crosses 11,700

Mumbai (IANS) The benchmark Sensex traded on a flat to positive note during the early trade on Tuesday after opening over 100 points higher.

The Sensex of the BSE opened at 38,988.57 from its previous close at 38,871.87 on Monday. At 9.36 a.m.,…

Stressed projects could be 'warehoused' post SC order

New Delhi (IANS) The government plans to revive its policy to "warehouse" stressed power assets and bring them back to health gradually after banks got freedom to pursue resolution for these assets following a Supreme Court order declaring…