You are here: Home » Current Affairs » News » National
Business Standard

Top headlines: Govt comes down heavily on Twitter, IndiGo starts hiring

Business Standard brings you the top headlines at this hour

top news of the day | Twitter | IndiGo

BS Web Team 

Twitter said it has taken steps to reduce the visibility of hashtags containing harmful content

Govt comes down heavily on Twitter, says lawfully passed orders binding on any biz

The government expects to fully comply with its legal notice in the matter of taking down accounts that were tweeting “ince­ndiary” hashtags related to the ongoing farmers’ protests. After a marathon meeting of top executives with officials in the Ministry of Electronics and Information Technology (MeitY) on Wednesday, the government, in a strongly worded statement, said that “lawfully passed orders are binding on any business entity”. Read more

Adar Poonawalla to acquire 60% in for Rs 3,456-crore

Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in non-banking financial company (NBFC) by subscribing to a Rs 3,456-crore preferential issue. After the infusion of capital, Magma and its subsidiaries will be renamed and rebranded Poonawalla Finance. Read more

starts hiring, gives offer letters to 32 pilots for ATR-72 fleet

has become one of the first airlines in the world to resume hiring since Covid-19 wreaked havoc on aviation, besides several other sectors, signalling a gradual recovery. The pandemic hit few sectors harder than air travel, wiping out tens of thousands of jobs. had slashed its workforce by 10 per cent last year in view of travel disruptions.

According to the company executives in the know, the airline has given offer letters to around 32 pilots for the ATR-72 fleet. Read more

Can Koo pull off a coup in India as the govt-spat escalates?

Praised by PM Modi himself and pitched by several other ministers, the app attracts 2-3 million daily active users and has achieved 3 million downloads in nine months. Read more

may trigger investments worth Rs 50,000 crore into pharma sector

Major pharma players have warmed up to the bulk drug production-linked incentive (PLI) scheme. According to industry insiders, once the second tranche of the scheme covering formulations comes online, it may trigger investments worth Rs 50,000 crore. Read more

From Netflix to Amazon, OTT players finalise regulation rulebook

Ahead of the likely government guidelines for over-the-top (OTT) players, some 17 companies, including Netflix, Amazon, Hotstar-Disney, Zee5 and Voot, have endorsed a code of conduct. This will form the basis for self-regulating the content generated by in India.

The code, finalised by the Internet and Mobile Association of India (IAMAI), has suggested a two-stage grievance and complaint redressal structure. Read more

aims to double home loan portfolio in next 5 years to Rs 10 trillion

It took the country’s largest lender State Bank of India (SBI) 10 years to scale its home loan portfolio from Rs 89,000 crore to Rs 5 trillion. Now, it is aiming to double that to Rs 10 trillion in five years, at a time when lenders — banks and housing finance companies — are locked in an intense battle to gain market share. Read more

to contract by 7% in current fiscal: Research

Pencilling in a GDP growth in third and fourth quarters, Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent. The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers. Read more

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, February 11 2021. 06:50 IST