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Microsoft unveils Project Scarlett, the next-gen Xbox: All you need to know

Microsoft unveils Project Scarlett, the next-gen Xbox: All you need to know

Microsoft Corp unveiled on Sunday its next-generation Xbox console, known as "Project Scarlett," which is set to hit store shelves during the 2020 holiday season.

The device will be four times more powerful than the Xbox One X console and be powered by an Advanced Micro Devices chip, the company said during its Xbox E3 conference in Los Angeles.

Google top spender on lobbying in US, spent $21.7 million in 2018

Google top spender on lobbying in US, spent $21.7 million in 2018

Tech giant Google spent $21.7 million on lobbying efforts last year to influence lawmakers as the government and regulators sought great scrutiny from tech companies related to users' privacy and unfair market practices.

According to a CNBC report on Sunday, Google has been the top spender on lobbying for two consecutive years.

India may buy Rs 6,000 cr-worth of air missiles from US to shield Delhi

India may buy Rs 6,000 cr-worth of air missiles from US to shield Delhi

India has begun the process of acquiring the National Advanced Surface to Air Missile System-II (NASAMS-II) from the US to fully secure its airspace against aerial threats ranging from drones to ballistic missiles.

India has begun the process of acquiring the National Advanced Surface to Air Missile System-II (NASAMS-II) from the US to fully secure its airspace against aerial threats ranging from drones to ballistic missiles.

Indian-origin activist who yelled at Bezos arrested

Indian-origin activist who yelled at Bezos arrested

Indian-American activist Priya Sawhney, who interrupted Amazon Founder and CEO Jeff Bezos' on-stage talk, has been arrested on trespassing and burglary charges, according to media reports.

Sawhney, 30, rushed on stage during Amazon's "re:MARS" event here on Thursday and asked Bezos to do something about "chicken farms".

Nirmala Sitharaman emphasizes on India's efforts to counter tax avoidance, evasion

Nirmala Sitharaman emphasizes on India's efforts to counter tax avoidance, evasion

Finance Minister Nirmala Sitharaman Saturday highlighted the ongoing efforts of India to counter tax avoidance and evasion.

She was speaking at the Ministerial Symposium on International Taxation on Globally Fair, Sustainable and Modern International Taxation System organised during the meeting of G-20 Finance Ministers at Fukuoka in Japan.

Mahindra to observe no production days at plants for up to 13 days this quarter

Mahindra to observe no production days at plants for up to 13 days this quarter

Homegrown auto major Mahindra & Mahindra (M&M) on Saturday said it will shut production across plants for up to 13 days in the ongoing quarter to adjust to market demand.

The company would be observing no production days during the first quarter ranging between 5-13 days across its automotive and farm equipment sector plants, M&M said in a regulatory filing.

Army distances itself from Dhoni's gloves row; says 'nothing to do with us'

Army distances itself from Dhoni's gloves row; says 'nothing to do with us'

The Indian Army Saturday distanced itself from the controversy surrounding the daggar insignia on Indian cricketer Mahendra Singh Dhoni's gloves, saying it had nothing to do with it.

Dhoni's gloves sported the Balidan badge of the parachute regiment's special force during India's opening world cup match against South Africa in Southampton in England on May 5.

Onus for Indo-Pak peace on Pakistan: White House

Onus for Indo-Pak peace on Pakistan: White House

Amidst new peace overtures from the Imran Khan government after the re-election of Prime Minister Narendra Modi, the White House has made it clear to Pakistan that the onus for sustained peace in South Asia was on it by putting the terror groups out of business.

Khan has written a second letter to Prime Minister Modi after his re-election, saying that Pakistan wants talks with India to resolve all differences, including on the Kashmir issue.

RBI imposes Rs 2 crore penalty on Kotak Mahindra Bank

RBI imposes Rs 2 crore penalty on Kotak Mahindra Bank

The Reserve Bank of India (RBI) has imposed a penalty of Rs 2 crore on private lender Kotak Mahindra Bank for failing to provide information about promoter shareholding in the bank and the course of action the bank was taking to dilute promoters’ shareholding as per the regulator’s norms.

“This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank,” the RBI said.

SBI to offer repo-linked home loans from July 1

SBI to offer repo-linked home loans from July 1

Mumbai: The country's largest lender State Bank of India (SBI) on Friday announced introduction of repo rate-linked home loans from July 1. The development comes after the Reserve Bank of India (RBI) in its Monetary Policy statement of June 6 cut the policy rate (repo rate) by 25 basis points.

According to experts, the new category of home loans linked to repo rate may see quicker transmission.

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