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Tech

Google Protests ‘Eye-Catching’ $2.6 Billion EU Fine, Judge Disagrees

Google on Friday attacked what it called an eye-catching EUR 2.4 billion ($2.6 billion or roughly Rs. 18,600 crores) EU antitrust fine, prompting a judge to ask how a rich company can miss a relatively paltry amount. The sparring underlines the battle ahead for the world’s most popular internet search engine, with two other challenges …

Politics

Forex kitty rises $4.6 billion to $471.3 billion

MUMBAI: The country’s foreign exchange reserves swelled by $4.607 billion to $ 471.3 billion in the week to January 31, helped by a rise in foreign currency assets, according to RBI data. In the sixth bi-monthly monetary policy of 2019-20 announced on Thursday, the Reserve Bank of India (RBI) had said foreign exchange reserves touched …

Politics

ArcelorMittal reports $1.9 billion net loss in October-December

NEW DELHI: Global steel giant ArcelorMittal on Thursday reported a net loss of $1.9 billion for the quarter ended December, with the company calling 2019 a “very tough year”. The world’s largest steel maker had posted a net income of $1.2 billion in the year-ago quarter, the company said in a statement. The company reported …

Politics

Kia in talks over moving $1.1 billion plant from Andhra to Tamil Nadu: Report

NEW DELHI: South Korea’s Kia Motors is discussing with Tamil Nadu the possibility of moving a $1.1 billion plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters. Kia inaugurated the Andhra plant, its first in the world’s fifth-largest car …

Politics

Our target is $5 billion of defence export in next five years: PM Modi

LUCKNOW: India is eyeing defence export of $5 billion in the next five years, Prime Minister Narendra Modi said on Wednesday, highlighting the measures taken by his government to boost manufacturing and woo investors to set up a base in the country. Inaugurating the 11th edition of DefExpo here, PM Modi said a country of …

Health

Budget 2020: Centre allocates $40 billion for farm sector to lift wobbly economy

Narendra Modi-led BJP government said on Saturday it would inject nearly $40 billion into the sprawling farm sector and billions more into a federal water scheme to get broader economic growth back up from its lowest in a decade. Finance Minister Nirmala Sitharaman, presenting the 2020/21 budget for the financial year beginning April 1 to …