Indian music label T-Series' YouTube channel has become the platform's most-subscribed after overtaking PewDiePie, run by 29-year-old Felix Kjellberg. PewDiePie and T-Series have more than 90.2 million subscribers each on YouTube. Notably, T-Series already has the most-watched YouTube channel in the world with nearly 65 billion views while PewDiePie's videos have been seen 20.7 billion times.

Fugitive jeweller Nirav Modi, wanted in the ₹14,000-crore PNB scam, has been arrested in London and will be produced in the court later today. This comes days after the 48-year-old was seen walking on the streets of London by a reporter of the UK newspaper The Telegraph. UK Home Secretary Sajid Javid recently certified India's request to extradite him.

Microsoft Co-founder Bill Gates' wealth has hit the $100 billion mark, making him a centibillionaire and the only second person besides world's richest person, Amazon Founder Jeff Bezos, with $100 billion wealth, Bloomberg said on Wednesday. Amazon's 55-year-old Founder is now worth $145.6 billion after adding $20.7 billion to his wealth this year. Microsoft's 63-year-old Gates gained $9.5 billion.

London's Westminster Magistrates Court has refused to grant Nirav Modi bail in the extradition case and remanded him in custody till the next hearing on March 29. The British police arrested him in London on Tuesday on behalf of the Indian authorities. Nirav Modi is wanted in India over the ₹14,000-crore loan fraud at PNB, India’s biggest banking fraud.

The EU antitrust regulators on Wednesday imposed a $1.7-billion fine on Google for blocking rival online search advertisers, marking the company's third penalty in two years. Last year, the EU imposed a record $5-billion fine on Google for using the Android operating system to block rivals. In 2017, Google was fined $2.7 billion for hindering rivals of shopping comparison websites.

Less than a decade after directing workers to communicate in English at work, billionaire CEO of Japanese IT giant Rakuten, Hiroshi Mikitani, has now asked his 17,000 employees to learn basic coding. "If you're working for Toyota, you know how the automobile works...So if you work for an IT company, you need to know what's in the computer," Mikitani said.

Fugitive jeweller Nirav Modi, who was arrested and presented in UK's Westminster Magistrates' Court on Wednesday, said he's working in London for a monthly salary of ₹18 lakh (20,000 pounds). He said he arrived in the UK in January 2018, before he was accused of ₹14,000-crore PNB scam. The 48-year-old also offered to pay ₹4.5 crore (500,000 pounds) for bail.

The Walt Disney Company on Wednesday closed its $71 billion acquisition of entertainment assets of media mogul Rupert Murdoch's Twenty-First Century Fox. Disney now owns Fox film and TV studios, FX Networks, National Geographic, Indian TV giant Star India and Marvel characters X-Men and Deadpool. Fox's news and sports businesses have been spun off into the newly formed Fox Corporation.

US media tycoon Rupert Murdoch's six children will become billionaires following Disney's $71 billion acquisition of 21st Century Fox assets. The $12 billion of proceeds from the deal are set to be distributed to his children – Prudence, Elisabeth, Lachlan, James, Grace Helen and Chloe, Bloomberg reported. Murdoch's fortune will fall from $19.3 billion to $7.3 billion as a result.

Nirav Modi was arrested in London on Tuesday after he went to open a bank account and an employee at the branch alerted authorities. The celebrity jeweller's lawyer said Nirav Modi had been in touch with authorities to arrange to turn himself in at a London police station next week. He'll stay in jail till next hearing on March 29.

India's Accord Group and Oman's oil ministry have signed a $3.85 billion deal to build an oil refinery in Sri Lanka. This is the biggest single pledge of FDI ever made in the country. The project will be located near the southern Sri Lankan port of Hambantota, which was handed over on a 99-year lease to a state-owned Chinese company.

An off-duty pilot, who was travelling in the cockpit of a Lion Air Boeing 737 MAX, saved it by informing the crew to cut power to the motor driving the nose down, Bloomberg reported. Next day in October, the Indonesian plane crash killed all 189 people on board due to a malfunction which pushed the nose of the aircraft down.

A special Mumbai court on Wednesday allowed the Enforcement Directorate (ED) to auction 11 cars owned by PNB scam accused Nirav Modi. The cars include Rolls Royce, Porsche, Mercedes-Benz and Toyota models. The court also allowed Income Tax authorities to auction 68 paintings owned by the fugitive jeweller and directed them to deposit the auction proceeds with ED.

Spotify's China-based music streaming rival Tencent Music has reported a net loss of around $127 million in its first quarter after going public in the US in December 2018. Tencent Music shares fell over 7% after hours despite reporting strong Q4 earnings. Notably, Tencent Music has been profitable at an operating level for the last two years, unlike Spotify.

Budget airline SpiceJet is reportedly in talks with lessors to lease some of the aircraft grounded by crisis-hit Jet Airways. DGCA on Wednesday said Jet Airways is operating only 41 aircraft meaning around two-thirds of its fleet is grounded for non-payment to lessors, maintenance or other reasons. Lessors are reportedly offering 50 Boeing planes from Jet to SpiceJet.

State Bank of India's (SBI) Chairman Rajnish Kumar has said putting cash-strapped Jet Airways into bankruptcy is the "last option" and that its lenders are making "every effort" to keep the airline flying. A resolution plan is "almost" ready and it would not involve a bailout for any individual or the airline's Founder and Chairman Naresh Goyal, he further said.

Jet Airways' strategic partner Etihad Airways is reportedly offering to sell its entire 24% stake in the cash-strapped airline to State Bank of India (SBI). The Abu Dhabi-based carrier's CEO Tony Douglas has asked the lender to buy the stake for about ₹400 crore, reports stated. He has also offered Etihad's 50.1% stake in Jet's loyalty programme, JetPrivilege, reports added.

Punjab National Bank (PNB) shares rallied nearly 4% on Wednesday following the news of the arrest of fugitive diamantaire Nirav Modi. The 48-year-old, who is accused in the ₹14,000-crore PNB scam, was arrested in London and will be produced in court today. This comes after UK Home Secretary Sajid Javid recently certified India's request to extradite him.

Aviation regulator DGCA is reviewing hike in airfares on specific routes across the country and has advised airlines to increase flights in order to keep fares in check, a senior official said on Tuesday. The airlines have agreed to keep airfares under control, he added. The rise in fares comes as Jet Airways grounded several aircraft, leading to flight cancellations.

India's largest telecom firm Vodafone Idea on Wednesday announced its board has approved ₹25,000 crore rights issue at a discount of around 60% to the current share prices. Vodafone Group and the Aditya Birla Group would contribute ₹11,000 crore and ₹7,250 crore, respectively. The issue will increase the number of Vodafone Idea shares by 229%.

The Reserve Bank of India (RBI) has turned down IDBI Bank's proposal to change its name following the transfer of 51% stake to LIC. The lender had sought approval to change its name to either LIC IDBI Bank or LIC Bank. Earlier this month, RBI changed the categorisation of IDBI Bank to a private lender from a public sector lender.

Budget carrier SpiceJet has joined global airlines' grouping International Air Transport Association (IATA), becoming the first Indian low-cost carrier to get the membership. The IATA membership is significant on account of SpiceJet's plans to expand its international footprint, the airline said. Other Indian members of the IATA include Air India, Jet Airways and Vistara.

The ₹4,750 crore IPO of Embassy Office Parks REIT, the first by a real estate investment trust in India, was oversubscribed on its last day on Wednesday. The REIT is a joint venture between India's Embassy Group and US-based investor Blackstone Group. Its portfolio comprises seven office parks and four city-centre office buildings totalling to about 33 million square feet.