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Hero MotoCorp named 'Indian MNC of the Year'
short by Sultan Mirza / on 28 Apr 2017,Friday
World's largest two-wheeler manufacturer Hero MotoCorp was adjudged the 'Indian MNC of the year' by All India Management Association. Only 6-years since commencing its solo journey, Pawan Munjal-led Hero MotoCorp has emerged as a true Indian MNC. It recently added Argentina to its footprint and is the only Indian two-wheeler company to have a manufacturing facility in Latin America.
short by Sultan Mirza / 09:29 pm on 28 Apr
FIR against Shilpa Shetty and her husband in cheating case
short by Pragya Swastik / on 28 Apr 2017,Friday
The Maharashtra Police on Thursday lodged a criminal case against actress Shilpa Shetty and her husband Raj Kundra for allegedly duping a textile firm owner of ₹24 lakh. The textile firm owner alleged the couple made money by selling his firm's bedsheets but did not pay him. The bedsheets were sold through a company where Shetty and Kundra are directors.
short by Pragya Swastik / 09:25 am on 28 Apr
Google, Facebook fell victim to one man's $100 million scam
short by Pragya Swastik / on 28 Apr 2017,Friday
Two of the world's biggest tech companies, Google and Facebook, fell victim to a 48-year-old man's $100 million phishing scam between 2013 and 2015. The man had posed as an Asian contractor to trick executives from Facebook and Google to cheat the companies. Both Google and Facebook admitted to the phishing scam and said the sum was successfully recovered.
short by Pragya Swastik / 09:02 pm on 28 Apr
Trump administration proposes 'largest tax reform'
short by Sumedha Sehra / on 28 Apr 2017,Friday
The Donald Trump administration recently unveiled the "largest tax reform" in the history of the United States, which proposes to cut corporate tax rates from 35% to 15%. The plan would have three individual income tax brackets (10%, 25%, and 35%), instead of the current seven. It also proposes to abolish the Alternative Minimum Tax (AMT) in place since 1969.
short by Sumedha Sehra / 09:56 pm on 28 Apr
HDFC Bank crosses ₹4 lakh crore in valuation for first time
short by Mansha Mahajan / on 28 Apr 2017,Friday
India's most valuable lender HDFC Bank on Thursday crossed ₹4 lakh crore in market capitalisation for the first time, making it the third Indian company to achieve this milestone. So far this year, the bank's stock has gained 29%. Tata Consultancy Services (TCS) and Reliance Industries are the other two companies which crossed market capitalisation of ₹4 lakh crore.
short by Mansha Mahajan / 07:33 pm on 28 Apr
Vinod Khanna was heroic in all roles, tweets Anand Mahindra
short by Mansha Mahajan / on 27 Apr 2017,Thursday
Following the demise of veteran actor Vinod Khanna, Mahindra Group's Anand Mahindra in a post on twitter said that he was "heroic" in all roles. Actors Rishi Kapoor, Finance Minister Arun Jaitley and singer Asha Bhosle have also tweeted about his death. Khanna, who was reportedly suffering from cancer, passed away on Thursday in Mumbai at the age of 70.
short by Mansha Mahajan / 07:21 pm on 27 Apr
Google India is country's most attractive employer: Randstad
short by Vani Vivek / on 27 Apr 2017,Thursday
As per Randstad Employer Brand Research 2017, Google India is the country's most attractive employer brand, followed by Mercedes-Benz India. In the e-commerce sector, Amazon emerged on top, with Philips as most attractive employer in consumer and healthcare. The survey also revealed that competitive salary and employee benefits were top priorities among Indian workforce while choosing an employer.
short by Vani Vivek / 08:43 pm on 27 Apr
Salesforce cuts CEO pay by 60% after shareholder criticism
short by Vani Vivek / on 27 Apr 2017,Thursday
Cloud software company Salesforce CEO Marc Benioff's compensation has been reduced by 60% for FY17 after facing criticism from shareholders. Benioff's pay package was cut from ₹214 crore a year earlier to ₹84.6 crore and the company will also not pay for his personal security. In the fiscal year ended January 2016, Benioff received a pay cut of 16%.
short by Vani Vivek / 04:52 pm on 27 Apr
Paytm launches feature to digitally buy and sell gold
short by Vani Vivek / on 27 Apr 2017,Thursday
Digital payments startup Paytm has partnered with metal refinery MMTC-PAMP to launch a 'Digital Gold' feature to allow users to buy and sell gold digitally. Paytm claims users will be able to purchase 24K 999.9 Gold starting from ₹1. The gold can be home delivered in the form of minted coins or be stored in MMTC-PAMP's vaults.
short by Vani Vivek / 05:43 pm on 27 Apr
Stock of ₹500, ₹2,000 notes was ready before note ban: RBI
short by Mansha Mahajan / on 27 Apr 2017,Thursday
The RBI had “kept ready” a reasonable stock of new ₹500 and ₹2,000 notes before the announcement of demonetisation, Governor Urjit Patel has said. However, no records of discussion between the RBI and the government on demonetisation were maintained because of secrecy, he added. Patel also said discussions had begun in early 2016 when Raghuram Rajan was the RBI Governor.
short by Mansha Mahajan / 08:33 pm on 27 Apr
Hijack scare after Jet Airways flyer tweets 'Modi sir, help'
short by Aarushi Maheshwari / on 28 Apr 2017,Friday
A Jet Airways passenger on Thursday tweeted to PM Narendra Modi, "sir we have been in jet airways flight for past 3 hrs, looks like hijacked, pl help," triggering a hijack scare. Agencies carried out security checks on the Mumbai-Delhi flight while the passenger was offloaded for questioning. Jet Airways said the flight was delayed due to air traffic congestion.
short by Aarushi Maheshwari / 12:21 pm on 28 Apr
Robert Vadra made ₹50 crore illegally from land deal: Report
short by Mansha Mahajan / on 28 Apr 2017,Friday
Robert Vadra, Congress National chief Sonia Gandhi's son-in-law, allegedly earned ₹50.5 crore profit in a land deal case, according to reports. The case relates to a panel's report on irregular granting of land licenses to firms, including Vadra's Skylight Hospitality, in four villages of Gurugram. It further said Vadra's wife Priyanka Gandhi's land in Amirpur village was also under probe.
short by Mansha Mahajan / 06:04 pm on 28 Apr
It's a shame that Indians don't want to pay taxes, says SC
short by Mansha Mahajan / on 27 Apr 2017,Thursday
The Supreme Court has observed that tax evasion exists in India and it is a "shame" that citizens don't want to pay taxes. It made the statement while asking why there was no objection on the government's decision to make Aadhaar mandatory for PAN. "542 persons are sitting in Parliament, why do they not object to it?" the bench asked.
short by Mansha Mahajan / 04:59 pm on 27 Apr
Thai cops to arrest Red Bull heir in 2012 hit-and-run case
short by Ankush Verma / on 28 Apr 2017,Friday
A court in Thailand on Friday issued an arrest warrant for the heir of Red Bull energy drink fortune, Vorayuth Yoovidhya, who is accused of killing a policeman while speeding in Bangkok in 2012. This comes after Yoovidhya missed summons to report to court on Thursday for the eighth time since legal proceedings against him began in 2016.
short by Ankush Verma / 08:03 pm on 28 Apr
UK's top paid CEO's payout plunges by ₹185 crore in a year
short by Mansha Mahajan / on 28 Apr 2017,Friday
Martin Sorrell, CEO of world's largest advertising and public relations company WPP, was awarded a payout of over $62 million (₹400 crore) in 2016. The payout was around 32% less from the $91 million (₹585 crore) he received in 2015, one of the biggest in UK's corporate history. With this, Sorrell has received $272 million in total remuneration since 2012.
short by Mansha Mahajan / 06:37 pm on 28 Apr
United CEO answers lawmakers on man being dragged off flight
short by Mansha Mahajan / on 27 Apr 2017,Thursday
United Airlines CEO Oscar Munoz said around one passenger was involuntarily denied boarding per 23,000 on average last year, responding to lawmakers' questions regarding a passenger being dragged-off its flight. The airline uses offers to encourage volunteers to de-board a plane, he added. Notably, the passenger lost two front teeth, broke his nose, and suffered a concussion after the incident.
short by Mansha Mahajan / 08:13 pm on 27 Apr
TRAI plans rules for new telcos after Reliance Jio: Report
short by Mansha Mahajan / on 27 Apr 2017,Thursday
The Telecom Regulatory Authority of India plans to start industry-wide consultation on framing rules for new mobile operators testing their services prior to full-fledged commercial launch, reports said. The issue of specific framework for trial services had come up after Reliance Jio's entry. Incumbent operators had demanded that do's and don'ts of such trial services need to be made clear.
short by Mansha Mahajan / 08:54 pm on 27 Apr
We should be pro-India even if it makes us right wing: Arnab
short by Mansha Mahajan / on 28 Apr 2017,Friday
Journalist Arnab Goswami, in a reddit session said, "All Indians should be pro-military and pro-India. If that makes us right wing, then so be it." "There can never be enough nationalism" and "no nation can be soft on anti-nationals", he stated. Goswami also commented on Freedom of Speech, saying, “The limit is...to the point where you don't question India's unity."
short by Mansha Mahajan / 02:13 pm on 28 Apr
I made a mistake, was protecting a colleague: Barclays CEO
short by Mansha Mahajan / on 28 Apr 2017,Friday
Banking major Barclays' CEO Jes Staley has admitted he made a mistake in his attempts to unmask a whistleblower but said he didn't offer his resignation over the scandal. “As I’ve said I made a mistake. I was trying to protect a vulnerable colleague," he stated. Staley had tried to identify the author of a letter involving a senior executive.
short by Mansha Mahajan / 07:17 pm on 28 Apr
Sahara's Subrata Roy commits to pay ₹1,500 crore by June 15
short by Mansha Mahajan / on 27 Apr 2017,Thursday
Sahara Group's Subrata Roy on Thursday said in Supreme Court that he would pay ₹1,500 crore in the SEBI-Sahara account by June 15. Roy's undertaking came in the case involving him and SEBI over a dispute of returning money to investors. Roy furnished another post-dated cheque of ₹552 crore. He would be sent to jail if the cheques are dishonoured.
short by Mansha Mahajan / 06:57 pm on 27 Apr
China gem retailer becomes a billionaire after firm's IPO
short by Mansha Mahajan / on 28 Apr 2017,Friday
Chinese gem retailer Zhou Zongwen became a billionaire when his Chow Tai Seng Jewellery surged in value following its IPO this week. Shares of the jewellery seller rose 10% on Friday, giving Zhou a net worth of at least $1.4 billion, according to Bloomberg. Zhou founded the company in 1999 and has grown the business using a franchise strategy.
short by Mansha Mahajan / 03:25 pm on 28 Apr
HC approves $1.18bn Tata-DoCoMo settlement, rejects RBI plea
short by Mansha Mahajan / on 28 Apr 2017,Friday
The Delhi High Court has rejected RBI's intervention plea while accepting the terms of consent of settlement between NTT DoCoMo and Tata Sons over payment of $1.18 billion in damages to the former. RBI had contested the payment to DoCoMo, saying it amounted to transfer of shares and was illegal. The case relates to a two-year-old dispute between the firms.
short by Mansha Mahajan / 05:25 pm on 28 Apr
Wrong choice of words can create big news, says Panagariya
short by Mansha Mahajan / on 27 Apr 2017,Thursday
NITI Aayog's Vice Chairman Arvind Panagariya on Thursday said a "wrong choice of words" can create big news. Panagariya's comment came over the remarks made by NITI Aayog member Bibek Debroy on taxing agricultural income. Debroy's remarks on the issue had prompted Finance Minister Arun Jaitley to issue a statement that government doesn't have any plans to tax agricultural income.
short by Mansha Mahajan / 06:39 pm on 27 Apr
Vijay Mallya optimistic he will be OK: Force India's Perez
short by Mansha Mahajan / on 28 Apr 2017,Friday
Formula One team Force India's Mexican driver Sergio Perez on Thursday said that Co-owner Vijay Mallya is "very optimistic that he will be OK". "I think Vijay himself is happy that finally action has been taken because then the decision will be quite soon," Perez said. "So we look forward to having him back at the track," he added.
short by Mansha Mahajan / 04:13 pm on 28 Apr
Weakening of Parliament holding back India, says Rahul Bajaj
short by Mansha Mahajan / on 27 Apr 2017,Thursday
Bajaj Group Chairman Rahul Bajaj on Thursday said that a major reason holding back the country is the weakening of credible institutions from smaller to the biggest like Parliament and the judiciary itself. "I have seen what happens in Parliament. It depends on the kind of people we elect," the former Rajya Sabha member added.
short by Mansha Mahajan / 06:06 pm on 27 Apr
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