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Nissan Chairman used firm’s assets for personal use, held: Report
short by Pragya Swastik / on 19 Nov 2018,Monday
Japanese carmaker Nissan's Chairman Carlos Ghosn was reportedly arrested on Monday after an investigation found that he used the company's assets for personal use. Carlos was also found to have committed several other "significant acts of misconduct", Nissan said. Ghosn and Representative Director Greg Kelly also under-reported their salary amounts in the Tokyo Stock Exchange securities report, the company added.
short by Pragya Swastik / 04:53 pm on 19 Nov
Ajit Doval interfered in probe against CBI's Asthana: Officer to SC
short by Pragya Swastik / on 19 Nov 2018,Monday
National Security Adviser Ajit Doval and Central Vigilance Commissioner KV Chaudhary interfered in the corruption investigation against CBI's Special Director Rakesh Asthana, CBI officer MK Sinha told the Supreme Court on Monday. They didn't allow searches important to the inquiry, Sinha added. Sinha also said Union Minister Haribhai Parthibhai Chaudhary took "a few crores" to help a businessman.
short by Pragya Swastik / 09:12 pm on 19 Nov
UIDAI head Ajay Bhushan Pandey to be next Revenue Secretary
short by Krishna Veera Vanamali / on 17 Nov 2018,Saturday
Ajay Bhushan Pandey, the head of Aadhaar-issuing authority UIDAI, will be the next Revenue Secretary as Hasmukh Adhia retires on November 30. Pandey will continue to hold the additional charge of Chief Executive Officer of UIDAI and Chairman of Goods and Services Tax Network (GSTN) until further orders. A 1984 Maharashtra-cadre IAS officer, Pandey will take over from December 1.
short by Krishna Veera Vanamali / 09:58 pm on 17 Nov
UK company offers extra 4 days leave to employees for masturbation
short by Pragya Swastik / on 18 Nov 2018,Sunday
A UK-based sex toy company 'LELO' is offering an extra four days of leave to employees, aimed at encouraging them to masturbate. The leaves were introduced after a company survey concluded that orgasms make 78% of the respondents happier. "Being sexually satisfied is something that we at LELO UK feel is a basic human right," a company spokesperson said.
short by Pragya Swastik / 04:23 pm on 18 Nov
Nothing shocks us: SC refuses urgent hearing on CBI officer's plea
short by Pragya Swastik / on 19 Nov 2018,Monday
The Supreme Court on Monday refused urgent hearing of a plea by CBI officer Manish Kumar Sinha, who investigated special director Rakesh Asthana, saying, "Nothing shocks us." Sinha sought quashing of his transfer to Nagpur in Maharashtra. Sinha's lawyer had told the judges that he wanted to bring some "shocking facts" to the top court.
short by Pragya Swastik / 02:51 pm on 19 Nov
I think Google's search engine is the best: Apple CEO Tim Cook
short by Pragya Swastik / on 19 Nov 2018,Monday
Apple CEO Tim Cook has defended Apple's billion-dollar deal with Google to keep Google Search as default on Apple devices and said, "I think their search engine is the best." "We've tried to come up with ways to help our users through their day," added Cook. Google is reportedly paying $9 billion in 2018 to remain Safari's default search engine.
short by Pragya Swastik / 04:17 pm on 19 Nov
I hope Mr Patel and his team have a spine: Rahul ahead of RBI meet
short by Pragya Swastik / on 19 Nov 2018,Monday
Ahead of RBI's board meeting on Monday, Congress President Rahul Gandhi tweeted, "I hope Mr Patel (RBI Governor Urjit Patel) and his team have a spine and show him (PM Modi) his place." "Mr Modi and his coterie of cronies...continue to destroy every institution they can get their hands on. Today, through his puppets...he'll attempt to destroy RBI," Gandhi added.
short by Pragya Swastik / 12:03 pm on 19 Nov
RBI agrees to inject ₹8,000 cr into the market after 9-hour meeting
short by Pragya Swastik / on 19 Nov 2018,Monday
After an over nine-hour-long board meeting in Mumbai on Monday, the Reserve Bank of India (RBI) agreed to inject ₹8,000 crore into the market by purchasing government bonds by November 22. RBI will buy these securities through multi-security auction using multiple price method. An increased cash flow was among the issues behind an alleged rift between the Centre and RBI.
short by Pragya Swastik / 10:17 pm on 19 Nov
Salary can't be stopped for not linking A/C with Aadhaar: Bombay HC
short by Pragya Swastik / on 19 Nov 2018,Monday
The Bombay High Court on Monday said that a person's salary cannot be withheld on failure to link his bank account with the Aadhaar card. It questioned the Centre's decision of stopping a port trust employee named Ramesh Purale's salary since 2016 on the aforementioned grounds. Purale refused to link his account with Aadhaar citing his fundamental right to privacy.
short by Pragya Swastik / 11:12 pm on 19 Nov
Who are the 18 members on Reserve Bank of India's central board?
short by Pragya Swastik / on 19 Nov 2018,Monday
The RBI's 18-member board includes Governor Urjit Patel, who is a voting member, and four Deputy Governors - NS Vishwanathan, Viral Acharya, BP Kanungo and M Kumar Jain. Two ex-officio members, SC Garg from Department of Economic Affairs and Rajiv Kumar from Department of Financial Services are on the board. Others are independent members including Tata Sons Chairman N Chandrasekaran.
short by Pragya Swastik / 03:14 pm on 19 Nov
Govt should stick to its fiscal deficit target: Panagariya
short by Pragya Swastik / on 18 Nov 2018,Sunday
Niti Aayog's former Vice Chairman Arvind Panagariya on Sunday said the centre should stick to the fiscal deficit target for 2018-19 and continue with the reforms undertaken during PM Narendra Modi-led government. The present government has made a huge progress in implementing GST and Insolvency and Bankruptcy Code, he said. The government aims to maintain 3.3% fiscal deficit target.
short by Pragya Swastik / 07:22 pm on 18 Nov
Ex-banker who helped Nirav held ₹2.6cr disproportionate assets: CBI
short by Krishna Veera Vanamali / on 17 Nov 2018,Saturday
The CBI has filed a disproportionate assets case against retired PNB deputy manager Gokulnath Shetty and his wife Ashalata. The agency said they amassed disproportionate assets worth ₹2.63 crore between April 2011 and May 2017, which were 238.44% more than their known sources of income. Shetty allegedly issued the fraudulent Letters of Undertaking to Nirav Modi and Mehul Choksi's firms.
short by Krishna Veera Vanamali / 08:22 pm on 17 Nov
Choksi may return to India in 3 months if medically fit: Lawyer
short by Krishna Veera Vanamali / on 17 Nov 2018,Saturday
PNB scam accused Mehul Choksi's lawyer told a court that Choksi may return to India in three months "if his condition gets better". Choksi's statement can either be recorded through video conferencing or officers could go to Antigua and record his statement, the lawyer added. The court was hearing Enforcement Directorate's plea to declare Choksi a 'fugitive economic offender'.
short by Krishna Veera Vanamali / 11:10 pm on 17 Nov
Government wants committees to oversee RBI: Reports
short by Krishna Veera Vanamali / on 18 Nov 2018,Sunday
The government is seeking to form panels to monitor functions of the RBI, according to reports. The government has reportedly recommended that the RBI board draft regulations enabling it to set up committees to monitor functions such as financial stability and foreign exchange management. Each panel might consist of two to three members from the central bank's board, reports added.
short by Krishna Veera Vanamali / 08:30 am on 18 Nov
Public sector banks' losses rise 3.5 times higher in Q2 of FY19
short by Pragya Swastik / on 18 Nov 2018,Sunday
Due to mounting bad loans, state-owned banks saw their cumulative losses widen three-and-a-half times to ₹14,716.2 crore in the July-September quarter of the current fiscal. The biggest loss was posted by scam-hit Punjab National Bank at ₹4,532.35 crore in the September quarter. These 21 public sector banks posted a net loss of ₹4,284.45 crore in the September quarter of 2017-18.
short by Pragya Swastik / 05:00 pm on 18 Nov
300 women left without wedding dresses as UK company shuts down
short by Pragya Swastik / on 18 Nov 2018,Sunday
At least 300 women who had placed orders for wedding dresses are left without the dresses after UK bridal chain Berketex Bride shut down on Tuesday. The company, which has sold wedding dresses and other bridal wear for more than 50 years, had 15 stores nationwide. It announced shutdown amid mounting cash problems.
short by Pragya Swastik / 07:16 pm on 18 Nov
After Instagram founders, 2 top Instagram execs quit Facebook
short by Mahi Chauhan / on 17 Nov 2018,Saturday
Facebook-owned Instagram's two senior executives Bangaly Kaba and Ameet Ranadive have resigned from the company. While Kaba was Head of Growth at Instagram, Ranadive lead the Well-being Product team on the app. This comes after Instagram co-founders Kevin Systrom and Mike Krieger exited Facebook in September reportedly over growing tensions with Facebook CEO Mark Zuckerberg.
short by Mahi Chauhan / 10:22 pm on 17 Nov
Apple cuts production for all 3 new iPhone models: Report
short by Shifa Naseer / on 19 Nov 2018,Monday
Apple has reportedly cut production orders for all three new iPhone models launched in September. A lower-than-expected demand for the new iPhones and availability of more models have made it difficult to anticipate the components and handsets the company needs, reports added. Apple started selling the iPhone Xs and Xs Max in September, and the iPhone Xr in October.
short by Shifa Naseer / 06:24 pm on 19 Nov
BlackBerry to buy cybersecurity firm Cylance for ₹10,000 crore
short by Krishna Veera Vanamali / on 18 Nov 2018,Sunday
Canadian technology company BlackBerry on Friday said it will acquire US-based cybersecurity firm Cylance for $1.4 billion (₹10,000 crore) in cash. The former mobile phone giant said the acquisition would enable it to add artificial intelligence capabilities to its existing software products. Cylance uses machine learning to pre-empt cyber attacks before they occur.
short by Krishna Veera Vanamali / 08:00 am on 18 Nov
Govt approves ₹676-crore housing complex project for MPs
short by Shruti Maria Mahendar / on 18 Nov 2018,Sunday
The Environment Ministry has given the final clearance for a project to build duplex flats for Members of Parliament (MP) at a cost of ₹676.5 crore in New Delhi. The building complex will have 264 new flats along with servant quarters and basement car parking. It will be constructed over an area of 19,91,37 square metre.
short by Shruti Maria Mahendar / 05:36 pm on 18 Nov
Note ban highly ethical move, not a political one: Jaitley
short by Shweta Singh / on 17 Nov 2018,Saturday
Talking about demonetisation, Finance Minister Arun Jaitley on Saturday said that the note ban was a "highly ethical move" and not a political one. Jaitley added that demonetisation had increased the tax return filings, and revenue of state and central governments. The statement comes a day after Congress President Rahul Gandhi called demonetisation the "biggest scam" since Independence.
short by Shweta Singh / 11:16 pm on 17 Nov
AstraZeneca starts search for CEO Soriot's successor: Report
short by Shruti Maria Mahendar / on 18 Nov 2018,Sunday
Pharmaceutical giant AstraZeneca has reportedly started looking for candidates to replace CEO Pascal Soriot, following pressure from shareholders. This comes after the UK-based firm on Friday said its drug Imfinzi did not meet the main goal of improving survival rates for lung cancer patients, thereby putting pressure on its shares. The 59-year-old has headed the company for six years.
short by Shruti Maria Mahendar / 09:40 pm on 18 Nov
Bill to protect H-1B spouse work permits introduced in US Congress
short by Krishna Veera Vanamali / on 18 Nov 2018,Sunday
Two lawmakers have introduced a bill in the US Congress seeking to prohibit the Trump administration from revoking the work authorisation of H-1B visa holders' spouses. H-4 visas are issued to spouses of H-1B holders, a large number of whom are high-skilled professionals from India. They obtained work permits under an order issued by the previous Obama administration in 2015.
short by Krishna Veera Vanamali / 10:00 am on 18 Nov
Adhia's time after retirement belongs to his passion yoga: Jaitley
short by Krishna Veera Vanamali / on 18 Nov 2018,Sunday
Announcing the retirement of Finance Secretary Hasmukh Adhia, Finance Minister Arun Jaitley on Saturday said that Adhia's time after retirement belongs to his passion, spirituality and yoga, and to his son. Jaitley said it was the efforts of Adhia and his team that made it possible to roll out GST from July 1, 2017. Adhia will retire on November 30.
short by Krishna Veera Vanamali / 11:00 am on 18 Nov
RBI Governor’s resignation will be catastrophic: Ex-board member
short by Shruti Maria Mahendar / on 19 Nov 2018,Monday
Former RBI board member Indira Rajaraman has said the resignations of RBI Governor Urjit Patel and Deputy Governor Viral Acharya will be "really catastrophic". "(It would) convey... there is political turbulence in India impacting the central bank which is a defender of financial stability," the economist added. Her comments come in the wake of the RBI's board meeting on Monday.
short by Shruti Maria Mahendar / 07:23 pm on 19 Nov
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