For the best experience use inshorts app on your smartphone
T-Series overtakes PewDiePie as most-subscribed YouTube channel
short by Krishna Veera Vanamali / on 20 Mar 2019,Wednesday
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.
short by Krishna Veera Vanamali / 07:27 pm on 20 Mar
₹14,000-crore PNB scam accused Nirav Modi arrested in London
short by Krishna Veera Vanamali / on 20 Mar 2019,Wednesday
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.
short by Krishna Veera Vanamali / 03:15 pm on 20 Mar
Bill Gates' wealth hits $100 bn, becomes centibillionaire: Bloomberg
short by Pragya Swastik / on 20 Mar 2019,Wednesday
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.
short by Pragya Swastik / 02:15 pm on 20 Mar
Nirav Modi denied bail, to remain in custody till March 29
short by Krishna Veera Vanamali / on 20 Mar 2019,Wednesday
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.
short by Krishna Veera Vanamali / 06:46 pm on 20 Mar
Google fined $1.7 bn by EU for unfairly blocking advertising rivals
short by Pragya Swastik / on 20 Mar 2019,Wednesday
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.
short by Pragya Swastik / 05:14 pm on 20 Mar
Japanese billionaire asks all 17,000 employees to learn coding
short by Gaurav Shroff / on 20 Mar 2019,Wednesday
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.
short by Gaurav Shroff / 08:21 pm on 20 Mar
Working in London for ₹18L a month salary: Nirav Modi to UK court
short by Pragya Swastik / on 20 Mar 2019,Wednesday
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.
short by Pragya Swastik / 08:24 pm on 20 Mar
Disney closes $71 billion deal for Fox assets, now owns Star India
short by Krishna Veera Vanamali / on 20 Mar 2019,Wednesday
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.
short by Krishna Veera Vanamali / 03:41 pm on 20 Mar
$71bn Disney-Fox deal turns Murdoch's 6 children into billionaires
short by Krishna Veera Vanamali / on 20 Mar 2019,Wednesday
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.
short by Krishna Veera Vanamali / 09:06 pm on 20 Mar
Nirav Modi held while opening account, bank employee called police
short by Krishna Veera Vanamali / on 20 Mar 2019,Wednesday
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.
short by Krishna Veera Vanamali / 11:06 pm on 20 Mar
Indian-Omani group signs $3.8bn deal to build Sri Lanka refinery
short by Krishna Veera Vanamali / on 20 Mar 2019,Wednesday
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.
short by Krishna Veera Vanamali / 05:14 pm on 20 Mar
Off-duty pilot saved Lion Air's 737 day before crash: Report
short by Gaurav Shroff / on 20 Mar 2019,Wednesday
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.
short by Gaurav Shroff / 07:18 pm on 20 Mar
Nirav's 11 cars including Rolls Royce, Porsche, Mercedes to be sold
short by Krishna Veera Vanamali / on 20 Mar 2019,Wednesday
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.
short by Krishna Veera Vanamali / 08:05 pm on 20 Mar
Spotify's China rival posts $127M quarterly loss after US IPO
short by Kanishka Pandey / on 20 Mar 2019,Wednesday
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.
short by Kanishka Pandey / 07:20 pm on 20 Mar
SpiceJet may lease some of Jet's grounded planes: Reports
short by Shruti Maria Mahendar / on 20 Mar 2019,Wednesday
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.
short by Shruti Maria Mahendar / 07:53 pm on 20 Mar
Bankruptcy is the last option for Jet Airways: SBI Chairman
short by Shruti Maria Mahendar / on 20 Mar 2019,Wednesday
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.
short by Shruti Maria Mahendar / 08:53 pm on 20 Mar
Etihad offers to sell its 24% stake in Jet Airways to SBI: Reports
short by Shruti Maria Mahendar / on 20 Mar 2019,Wednesday
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.
short by Shruti Maria Mahendar / 04:28 pm on 20 Mar
PNB shares surge 4% on news of Nirav Modi's arrest in London
short by Shruti Maria Mahendar / on 20 Mar 2019,Wednesday
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.
short by Shruti Maria Mahendar / 05:10 pm on 20 Mar
Airlines advised to increase flights to keep fares in check
short by Shruti Maria Mahendar / on 20 Mar 2019,Wednesday
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.
short by Shruti Maria Mahendar / 10:00 am on 20 Mar
Vodafone Idea plans ₹25,000 cr rights issue at 60% discount
short by Shruti Maria Mahendar / on 20 Mar 2019,Wednesday
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%.
short by Shruti Maria Mahendar / 05:36 pm on 20 Mar
RBI turns down IDBI Bank's name change proposal
short by Shruti Maria Mahendar / on 20 Mar 2019,Wednesday
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.
short by Shruti Maria Mahendar / 06:57 pm on 20 Mar
SpiceJet becomes first Indian low-cost airline to join IATA
short by Shruti Maria Mahendar / on 20 Mar 2019,Wednesday
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.
short by Shruti Maria Mahendar / 11:17 pm on 20 Mar
India's first REIT issue gets fully subscribed on last day
short by Shruti Maria Mahendar / on 20 Mar 2019,Wednesday
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.
short by Shruti Maria Mahendar / 10:42 pm on 20 Mar
Load More
For the best experience use inshorts app on your smartphone