Fri, May 29, 2020

  • Covid-19 has upended the news industry, hitting local news particularly hard with job losses, furloughs, cutbacks and even closure.
    Google selects 5,300 local news organisations for funding
    India's East Mojo and Minnambalam are among 5,300 small and medium local newsrooms around the world that will receive emergency funding from Google ranging from $5,000-$30,000 (approximately Rs 3.7 lakh-Rs 22.7 lakh), the search engine giant said on Thursday.East Mojo, a digital-only news organisation, said it plans to use the fund to allow journalists to go to remote parts of Northern India to shed light on the impact of Covid-19 once the country's lockdown is lifted.Minnambalam (India), a Tamil language publication from Chennai, said the funding gave them the confidence and financial support needed to carry on with their work.Covid-19 has upended the news industry, hitting local news particularly hard with job losses, furloughs, cutbacks and even closure.To provide some help, the Google News Initiative last month launched the Journalism...
  • World Health Organisation is it? Desi hackers target global agency World Health Organisation is it? Desi hackers target global agency

    Several India-based firms are spoofing the World Health Organisation (WHO) by creating fake Gmail accounts and luring business leaders in disguise of informing them of latest Covid19 announcements and...

  • Nissan to close Rs 5,000 cr dispute with TN,settlement pegged at Rs 1,400-Rs 1,800 cr Nissan to close Rs 5,000 cr dispute with TN,settlement pegged at Rs 1,400-Rs 1,800 cr

    Nissan Motor Co has agreed to settle a long-running dispute with TN after claiming it was owed Rs 5,000 cr ($660 million) in unpaid dues and damages, six sources told Reuters.

  • Abu Dhabi state fund may invest USD 1 billion in Jio Platforms Abu Dhabi state fund may invest USD 1 billion in Jio Platforms

    AbuDhabi state fund Mubadala Investment Company is in talks to invest about $1billion in Reliance Industries’ digital unit Jio platforms, three sources said on Thursday.

  • Radico Khaitan's Q4 net profit down 20 percent at Rs 32.67 cr Radico Khaitan's Q4 net profit down 20 percent at Rs 32.67 cr

    During the corresponding quarter of FY 2018-19, the company had reported a net profit of Rs 40.94 crore.

  • Nissan plans to shut Indonesia, Barcelona plants, silent on India Nissan plans to shut Indonesia, Barcelona plants, silent on India

    In a statement the company said the scalable plan will shift the company's strategy from its past focus on inflated expansion.

  • Google explores 5 per cent stake in struggling Vodafone Idea: Report Google explores 5 per cent stake in struggling Vodafone Idea: Report

    Google is reportedly exploring to buy a 5 per cent stake in financially-stressed Vodafone Idea, a move that would not only pit Sundar Pichai-led tech giant against Facebook which has poured in Rs...

  • Vistara adds more flights to service pent-up essential travel needs: CCO Vistara adds more flights to service pent-up essential travel needs: CCO

    Accordingly, since the start of the domestic services on May 25, the airline has pressed more aircraft into service and added newer destinations.

  • Slump in consumer sector may boost PE investments: Report Slump in consumer sector may boost PE investments: Report

    As demand disruption and supply chain issues will severely impact revenue growth in the consumer businesses, it is likely to create investment opportunities for private equity (PE) firms, according to...

  • 'RIL well placed for zero net debt target, more 3 per cent stake sale likely in Jio' 'RIL well placed for zero net debt target, more 3 per cent stake sale likely in Jio'

    Reliance Industries (RIL) is comfortably placed to achieve its target of becoming a zero net debt company by the end of the financial year 2020-21 and the company also is expected to sell another 3...