Govt sets 50 lakh users threshold to define ‘significant social media intermediary’ under IT rules

The government has fixed fifty lakh registered users as the threshold for defining ‘significant social media intermediary’, which will have to adhere to additional obligations and compliance under the new IT rules that seek to crack down on misuse of social media platforms. …

Read more

New curbs on movement of people is a risk to nascent recovery: SBI report

New curbs on the movement of people or restrictions on businesses are a risk to the nascent recovery, given that gains in the third quarter (Q3/Octobe …

Read more

FM Nirmala Sitharaman attends G20 Central Bank Governors’ Meet

Union Finance and Corporate Affairs Minister Nirmala Sitharaman has participated virtually in the First G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Italian Presidency to discuss policy actions for transformative and equitable recovery….

Read more

US owes India USD 216 billion as American debt soars to USD 29 trillion: lawmaker

America’s national debt was USD5.6 trillion in 2000. During the Obama administration, it actually doubled. In 2020, the US national debt was USD 23.4 trillion, that was USD 72,309 in debt per person….

Read more

China Tried to Slow Divorces by Making Couples Wait. Instead, They Rushed.

A new rule requiring a cooling-off period before a divorce could be granted led to an outcry, as well as a surge of applications to beat the deadline. …

Read more

WeWork’s Path to Markets Is Cleared as Co-Founder and SoftBank Settle Suit

Adam Neumann was said to be selling $480 million of his shares to the Japanese conglomerate, which aims to take WeWork public. …

Read more

Four of top 5 US banks hire 25% of MBA students from IFMR business school

Despite the pandemic, average salaries are up by about 10 per cent in hiring by finance, consulting and technology giants …

Read more

Non-food credit grows 5.7% in January, shows RBI data

Non-food bank credit grew at 5.7 per cent in January 2021 as against an increase of 8.5 per cent in January 2020, RBI data showed …

Read more

F.D.A. Expert Panel Endorses Johnson & Johnson’s Vaccine

With this last hurdle cleared, formal authorization of the one-dose vaccine is expected on Saturday and distribution within days. …

Read more

Fiscal deficit hits Rs 12.34 trillion at end of January, shows data

The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE) …

Read more

Amazon Moves From Film Industry’s Margins to the Mainstream

With several films competing for Golden Globes on Sunday and a number of high-priced movies coming this year, the streaming service has altered its reputation in Hollywood. …

Read more

What’s Mohamed Hadid Doing in Franklin Canyon?

Mohamed Hadid (father of Bella and Gigi) has been trying to build an enormous compound on one of the most popular hiking spots in the Los Angeles area. What could possibly go wrong? …

Read more

India’s Economy Exits Deep Recession as Fledgling Recovery Strengthens

Economic output grew 0.4 percent in the third quarter, but the recovery is uneven, with small businesses facing the brunt of the downturn. …

Read more

Non-food credit grows 5.7% in January: RBI data

Loans to industry contracted by 1.3 per cent in the reporting month as compared to 2.5 per cent growth last year in the same period mainly due to contraction in credit to large industries, the data showed….

Read more

Non-food bank credit grows 6% in January 2021; gold loans rise 132%

The pace of retail credit, a segment which has the maximum focus of banks, decelerated to 9.1 per cent in January 2021 from 16.9 per cent in January 2020 …

Read more

Govt extends ban on international flights till the end of March

In a circular, the Directorate General of Civil Aviation (DGCA) said international all-cargo operations and flights specifically approved by the DGCA are exempted from the ban …

Read more

Internationalisation of the rupee is ‘inevitable’, says RBI report

Internationalisation means the currency can be freely transacted by both resident and non-residents, and be used as a reserve currency for global trades …

Read more

Stimulus Checks Helped Personal Income Surge in January

Personal income and spending both surged in January as a new round of government checks hit Americans’ bank accounts. …

Read more