BSNL's FY19 loss may have touched 12,000 cr

New Delhi (IANS) The state-run BSNL's 2018-19 losses may have touched Rs 12,000 crore if attributed exclusively to its services, official sources said.

The PSU has another board meeting on April 16, where it may discuss the trends…

Small cities order food big as Zomato goes global

New Delhi (IANS) Do you know that Indore requests more midnight deliveries than Mumbai or 70 per cent of online food delivery platform Zomato's regular users in Kolhapur had never tried food delivery in their life -- even over a phone…

High airfares to hit passenger traffic growth: Fitch

Mumbai (IANS) Rating agency Fitch on Friday said that a capacity constraint led an increase in airfares will dent passenger traffic growth.

According to Fitch, the Indian aviation market has seen a sharp increase in airfares…

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…

'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…

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…

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…

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…

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…

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…