New Zealand firms to pull ads from Facebook, Google

Wellington (IANS) A collective of some of New Zealand's biggest companies is set to pull ads from Facebook and Google in the wake of the March 15 Christchurch mosques shootings in which the gunman live-streamed his massacre of 50 people.

LIC may propose 3-5 year time for IDBI Bank stake cut

New Delhi (IANS) The country's largest life insurer Life Insurance Corporation (LIC) may propose a timeline of 3-5 years for cutting down its stake in the recently acquired IDBI Bank to comply with insurance regulator Irdai's norm of 15 per…

Consumers may get GST benefit through grammage increase

Kolkata (IANS) With a view to passing the benefits of tax rate reduction or input tax credit to consumers in the GST regime, consumers may get volume benefit in lieu of only price reduction as the National Anti-Profiteering Authority (NAA)…

Rs 210 crore of Army insurance funds sunk in IL&FS bonds

New Delhi (IANS) One of the key prongs for the welfare of ex-servicemen -- the Army Group Insurance Fund (AGIF) -- has exposure to toxic IL&FS bonds amounting close to Rs 210 crore. This means that crores worth of insurance premiums, covering…

BSNL's total loss crossed Rs 90K cr: Kotak Equities

New Delhi (IANS) Kotak Institutional Equities (KIE) has said that state-run telecom firm BSNL's accumulated losses may have crossed Rs 90,000 crore by December end, and asked the government to take a call on either to consider equity…

Sensex hits 38,000, Nifty at 11,400

Mumbai (IANS) The BSE Sensex on Friday touched the 38,000 mark for the first time since September, supported by healthy buying in the banking and finance stocks.

The Nifty50 on the National Stock Exchange also touched 11,400…

Fares soar over 100% as airlines cancel flights

New Delhi/Mumbai (IANS) Air passengers face the grim prospect of high air fares and fewer flight choices as several airlines have cancelled operations for a number of reasons, including the grounding of the Boeing 737-MAX aircraft.

Industry…

India's February WPI rises to 2.93%

New Delhi (IANS) India's annual rate of inflation based on wholesale prices rose to 2.93 per cent in February from 2.74 per cent reported for the corresponding month of 2018, official data showed on Thursday.

Even on a sequential basis,…

Homegrown e-commerce players form group

New Delhi (IANS) Several Indian e-commerce players, including Snapdeal, Shopclues and Urbanclap, formed an association of their own, The E-Commerce Council of India (TECI), on Wednesday to put forward the industry's views before the government…

Premji earmarks 34% Wipro shares for philanthropy

Bengaluru (IANS) IT czar and Wipro Chairman Azim Premji has earmarked 34 per cent of Wipro Ltd shares worth market value of Rs 52,750 crore or $7.5 billion for philanthropy, a statement said on Wednesday.

"Azim Premji has increased his…