Category: BUSINESS

New Delhi, Jun 19 (DIN NEWS) Technology giant Google today announced the launch of a training programme for journalists, aimed at raising awareness against misinformation and providing new tools to the fourth estate against fake news. “The Google News Initiative India Training Network will provide training to 8,000 journalists in English and six other Indian languages in the next one year,” Google said in a statement. For this, the network will select 200 journalists from cities across India, who will hone their skills in verification and training during five-day boot…

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Mumbai, Jun 19 (DIN NEWS) The BSE Sensex plunged around 262 points to end at a two-week low of 35,286.74 today, tracking a sell-off across Asian and European markets after the US and China escalated their trade dispute. The 30-share barometer opened positive, but soon fell on widespread selling. It finally settled at 35,286.74, down 261.52 points, or 0.74 per cent. This is its lowest closing since June 6, when it had ended at 35,178.88. It had lost 73.88 points in yesterday’s session. The NSE Nifty ended 89.40 points, or…

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New Delhi, Jun 18 (DIN NEWS) Finance Minister Piyush Goyal will meet heads of 13 public sectors banks (PSBs) tomorrow to resolve various issues concerning them. According to sources, the meeting is being organised by State Bank of India (SBI) and will be chaired by Goyal here. In all heads of 13 PSBs will participate in the meeting to discuss the way forward for the Indian Banking system, they said. The meeting will see participation from PNB, Oriental Bank of Commerce, Punjab and Sind Bank, Uco Bank, United Bank of…

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Mumbai, Jun 18 (DIN NEWS) The rupee staged a recovery towards the fag-end of the session today and ended with a marginal 2 paise gain at 67.99 against the US dollar even as geopolitical worries continued triggering caution among forex traders. Fag-end dollar selling by some banks and exporters predominantly supported the recovery momentum despite bullish dollar overseas. The Indian currency plunged to a fresh three-week low of 68.18 in early trade before staging a retrieval. A sharp fall in global crude prices over the last few days also came…

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New Delhi, Jun 17 (DIN NEWS) The challenge before India is to take the economic growth rate to double-digits for which many more steps need to be taken, Prime Minister Narendra Modi told a meeting of chief ministers here today. Speaking at the Niti Aayog’s fourth meeting of Governing Council, Modi stressed that the world expects India to become a USD 5 trillion economy soon, according to a statement by the Prime Minister’s Office. As many as 23 chief ministers and one Lt Governor attended the meeting. The notable absentees…

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New Delhi, Jun 17 (DIN NEWS) Prime Minister Narendra Modi today asked state governments to provide “fresh ideas” to the 15th Finance Commission for incentivising outcome-based allocations even as some southern states have expressed concerns about its Terms of Reference (ToR). He made the suggestion at the fourth meeting of the Niti Aayog’s Governing Council attended by 23 chief ministers and one Lt Governor, besides several union ministers. “He (Prime Minister) encouraged states to give fresh ideas to the Finance Commission, for incentivising outcome-based allocations, and expenditure correction,” said a…

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Panaji, Jun 16 (DIN NEWS) Goa Chief Minister Manohar Parrikar, who returned from the US two days ago, reviewed today the progress of the ongoing infrastructure works in the state. Parrikar (62) returned to Goa on Thursday evening after spending three months in the US, where he underwent treatment for a pancreatic ailment. He held a detailed meeting with officials of the Public Works Department in his chamber at the secretariat here, an official in the Chief Minister’s Office said. “The chief minister reviewed all the ongoing (infrastructure) works and…

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Mumbai, Jun 16 (DIN NEWS) The Reserve Bank has eased investment norms for foreign portfolio investors (FPIs) in debt, especially into individual large corporates, a move that can help attract more overseas flows and thereby help arrest the recent fall in the rupee on one hand and also lift the recent fall in demand for corporate bonds. FPIs are allowed to invest in various debt market instruments such as government bonds, treasury bills, state development loans and corporate bonds, but with certain limits and restrictions. The RBI increased the FPIs…

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Mumbai, Jun 15 (DIN NEWS) The BSE Sensex ended with modest gains today, propelled by a late burst of buying in technology and pharma stocks. Index heavyweight TCS spurted 2.75 per cent after the company’s board approved a Rs 16,000-crore share buyback plan. The 30-share Sensex, which had lost 139.34 points in the previous session, resumed higher at 35,656.26 and advanced to 35,675.20 in early trade. But selling pressure emerged in sync with a mixed trend at other Asian markets and sustained foreign fund outflows, which dragged the gauge to a…

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New Delhi, Jun 14 (DIN NEWS) The overall electricity demand from large-scale adoption of electric vehicles (EVs) in India is projected to touch 69.6 terawatt hours by 2030, helping power utilities earn an additional revenue of USD 11 billion, a report said today. The joint study by Assocham and Ernst & Young LLP added that increasing adoption of EVs across India will be instrumental in transforming the country’s power sector and reduce emissions by 40-50 per cent, helping the country in achieving carbon emission reduction targets. Moreover, it said, the mass…

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