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Google faces probe by 50 state attorney generals for antitrust violations

Google faces probe by 50 state attorney generals for antitrust violations

A group of 50 American states have announced an investigation into Google’s “potential monopolistic behaviour” and the Internet giant’s dominance of the online advertising market.

Announcing the probe, the attorney generals from these states alleged the Internet is not free as a result of some of the practices of Google.

New DoT panel to look into all aspects of 5G rollout

New DoT panel to look into all aspects of 5G rollout

The Department of Telecommunications (DoT) has formed another inter-ministerial panel on 5G. The panel comprises officials from the Prime Minister’s Office (PMO), ministries of home, external affairs, Department of IT, Department of Science and Technology, Intelligence Bureau (IB) and National Security Council.

The panel has been formed at a time when the government is deliberating on participation of Chinese firm Huawei in 5G trials and later in rolling out telecom networks.

Five Ashok Leyland plants to see shutdown in September

Five Ashok Leyland plants to see shutdown in September

On account of weak demand, commercial vehicle manufacturer Ashok Leyland on Monday announced that five of its plants would observe non-working days in September.

According to the filing by the commercial automobile giant, the Ennore plant will shut operations for 16 days. The number of non-working days will be 1-2 at the Hosur plant, five at CPPS and 10 each at Alwar and Bhandara. Pantnagar will see 18 non-working days.

Ban on single-use plastic: Packaged drinking water may be excluded

Ban on single-use plastic: Packaged drinking water may be excluded

The government may exclude packaged drinking water (1 litre or more) from single-use plastic ban — likely to come into effect from October 2 — while simultaneously facilitating alternatives so that the transition to non-plastic packages does not inconvenience public. Food and consumer affairs minister Ram Vilas Paswan favours a ban on plastics, but admits that no concrete alternative of packaged drinking water is available now.

Road ministry sees good response to third TOT tranche

Road ministry sees good response to third TOT tranche

The Union Ministry of Roads and Highways is expecting a good response for the National Highway Authority of India's (NHAI) bid under the third tranche of 566.27 km of highways under the toll operate transfer (TOT ) despite the slowdown.

NHAI is targeting Rs 4,998.71 crore from monetisation of nine highway stretches of 566.27 km in Uttar Pradesh, Bihar, Jharkhand, and Tamil Nadu. The last date of bid submission is September 30.

Amazon fires releasing CO2 stored in forests, impacting global climate: ESA

Amazon fires releasing CO2 stored in forests, impacting global climate: ESA

New satellite images published on Monday by the European Space Agency show an increase in air pollution in the Brazilian Amazon while fires burned in the region last month.

Several maps showed more carbon monoxide and other pollutants in August than in the previous month, when there were fewer fires.

After lending rate cut, SBI makes steeper cut in deposit rates

After lending rate cut, SBI makes steeper cut in deposit rates

State Bank of India (SBI) has reduced its lending rates by 10 basis points, but has slashed its deposit rates by up to 25 basis points.

The one year lending rate, to which most of the loans, both corporate and retail, are linked, would come down to 8.15% from 8.25% with effect from September 10, 2019. SBI has also realigned interest rate on term deposits (TD) from September 10.

Anil Ambani's Reliance Capital ends talks with Hero Fincorp on insurer sale

Anil Ambani's Reliance Capital ends talks with Hero Fincorp on insurer sale

Reliance Capital has called off a sale of its general insurance unit to Hero Fincorp, forcing embattled tycoon Anil Ambani to look for options as he seeks to reduce debt, people familiar with the matter said.

The talks for selling Reliance General Insurance which were at an advanced stage, ended after the shadow financier struggled to raise funds for the acquisition, said the people, asking not to be named as the information is not public.

Tribunal squashes Sebi's ban on PwC in Satyam scam

Tribunal squashes Sebi's ban on PwC in Satyam scam

Mumbai: In a major setback to Sebi, Securities Appellate Tribunal or SAT today overturned the markets regulator's order banning Price Waterhouse Coopers from auditing any listed company for two years for its role in the ₹7,800-crore Satyam scam. However, SAT partly allowed disgorgement of the ₹13 crore fee from the auditor.

ISRO, not losing hope, continues to make all-out efforts to restore link with lander ‘Vikram’

ISRO, not losing hope, continues to make all-out efforts to restore link with lander ‘Vikram’

Not losing hope, the Indian Space Research Organisation continued to make all-out efforts to establish link with Chandrayaan-2’s ‘Vikram’ lander, now lying on the lunar surface after a hard-landing.

Vikram, with rover ‘Pragyan’ housed inside it, hit the lunar surface after communication with the ground-stations was lost during its final descent, just 2.1 km above the lunar surface, in the early hours of Saturday.

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