• Richest 10% earned 55% of total income in India
    Published Date : 14-Dec-2017 9:25:41IST

    The share of national income captured by India’s top 10% of earners was 55% in 2016, according to the World Inequality Report. It added that the level of income inequality in India in 2016 matched that in sub-Saharan Africa and Brazil. The income inequality was the highest in the Middle East, where the top 10% capture 61% of national income.

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  • Ex-supermarket worker named world’s richest YouTuber
    Published Date : 09-Dec-2017 9:53:04IST

    The Forbes Magazine has named former Tesco supermarket worker Dan Middleton as the world’s richest YouTuber after he made a fortune of $16.5 million this year. The 26-year-old shares videos of himself playing video games and describes gameplay and strategies on his YouTube channel, DanTDM. Middleton makes money from advertising on the videos and is classed as a professional YouTuber.

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  • Fake restaurant becomes London’s top-rated eatery
    Published Date : 09-Dec-2017 7:04:46IST

    A non-existent restaurant supposedly based in a garden shed briefly became London’s top eating place on travel and restaurant website TripAdvisor. Starting at 18,149, the worst restaurant in London, “The Shed at Dulwich” worked its way up the rankings thanks to fake reviews sent from different computers to avoid TripAdvisor’s defences. The restaurant was soon inundated with booking demands, PR offers and media requests, shooting its rating to the number one spot in London just six months after its initial listing.

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  • Facebook Co-founder Saverin becomes Singapore’s richest man
    Published Date : 08-Dec-2017 9:31:35IST

    Facebook Co-founder Eduardo Saverin has become Singapore’s richest person with a net worth of $10.4 billion. Saverin, who still holds a minority stake in Facebook, has replaced siblings Robert and Philip Ng, who have been Singapore’s richest since 2010 and have an estimated fortune of $10 billion. Saverin became a Singapore resident after giving up his US citizenship in 2012.

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  • Twins Who Sued Facebook Become Billionaires
    Published Date : 04-Dec-2017 4:06:13IST

    Cameron and Tyler Winklevoss, the twins who claimed Mark Zuckerberg stole their idea for Facebook, are believed to have become the world’s first Bitcoin billionaires. The pair received $65 million settlement from Facebook and used $11 million of that money to invest in Bitcoin in 2013. Since then, the cryptocurrency has surged by almost 10,000%, making the 36-year-old brothers billionaires.

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  • YouTube pulls out 1,50,000 videos of kids
    Published Date : 02-Dec-2017 8:59:54IST

    YouTube pulled 1,50,000 videos of children after lewd comments about them were posted by viewers, as the Google-owned platform sought to reassure advertisers their messages would be kept out of compromising situations. The online video sharing behemoth confirmed on Thursday that it deleted several hundred accounts along with the thousands of videos that were problematic. The move came after a newspaper reported that ads for big-name brands were displayed alongside videos of children or teens which, while innocent on their own, drew viewer comments that seemed pedophile in nature.

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  • Row over disturbing YouTube autocomplete suggestions
    Published Date : 28-Nov-2017 9:01:17IST

    YouTube’s autocomplete feature has been suggesting disturbing search terms to users. People have found that typing “how to have” into the site’s search bar caused highly inappropriate suggestions to appear regarding child sexual abuse. YouTube confirmed that the site’s search bar had been showing disturbing suggestions, but said it was no longer the case. “We are investigating this matter to determine what was behind the appearance of this autocompletion,” a YouTube spokesperson said.

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  • Actress buys stake in fashion startup ‘StyleCracker’
    Published Date : 21-Nov-2017 11:41:52IST

    Bollywood actress Alia Bhatt has picked up a small minority stake in fashion-tech startup StyleCracker. Started in 2013 by Dhiman Shah and Archana Walavalkar, the four-year-old company offers customers personalized fashion boxes curated by celebrity stylists. StyleCracker launched customized boxes four months back. Priced at Rs 2,999, Rs 4,999 and Rs 6,999, these boxes contain an apparel, accessories, cosmetics and even footwear.

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  • Apple’s ₹89,000 iPhone X costs ₹23,200 to make
    Published Date : 07-Nov-2017 7:03:12IST

    Apple’s most expensive phone iPhone X’s base model, that is selling for ₹89,000 in India, costs the company ₹23,200 to make, according to technology intelligence firm TechInsights. iPhone X’s parts cost Apple 25% more than the iPhone 8, it added. Further, iPhone X makes the company more money per phone than the iPhone 8.

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  • New billionaire is created every two days in Asia: Report
    Published Date : 31-Oct-2017 11:04:20IST

    A new billionaire was created every two days on average in Asia in 2016, according to a report by UBS and PwC. Asia added 117 billionaires in 2016 to reach a total of 637, with China adding a new billionaire every three weeks. The report further showed that three-quarters of the world’s new billionaires hail from China and India.

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  • Asia now has more billionaires than the US for first time
    Published Date : 26-Oct-2017 4:42:14IST

    Asia now has the most billionaires in the world, surpassing the US for the first time, according to a report by UBS and PwC. The number of billionaires in Asia rose by 117 to 637, whereas the US added 25 billionaires for a total of 563 in 2016. However, US billionaires still control the most wealth at $2.8 trillion.

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  • Kohli overtakes Messi on Forbes list of most valuable brands
    Published Date : 26-Oct-2017 11:34:46IST

    India cricket team captain Virat Kohli has been ranked seventh among athletes on Forbes list of world’s most valuable sports brands, with a brand value of $14.5 million. His brand value has surpassed that of Barcelona’s Lionel Messi ($13.5 million) and NBA champion Stephen Curry ($13.4 million). The list has been topped by tennis ace Roger Federer at $37.2 million.

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  • Flat sells for Rs 50cr, highest ever in Bengaluru
    Published Date : 11-Oct-2017 1:28:28IST

    The Embassy Group has sold an apartment for Rs 50 crore to Ajit Prabhu, chairman and chief executive of engineering outsourcing company Quest Global, making it the biggest residential deal in Bengaluru. Prabhu has bought the 16,000-sqft apartment in Embassy One, near Hebbal, which houses a 230-room Four Seasons luxury hotel, 110 Four Seasons-branded residences, 150,000 sqft of office space and 60,000 sqft of retail space. The per-sqft rate for the apartment works out to about Rs 31,000.

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  • Infosys loses ₹25,000 crore in value as Sikka resigns as CEO
    Published Date : 18-Aug-2017 5:20:00IST

    After Vishal Sikka’s abrupt resignation as CEO, Infosys shares plunged by 13% to a 52-week low on Friday, wiping out nearly ₹25,000 crore from its market capitalisation. The plunge in Infosys shares weighed on the overall markets and the Sensex fell nearly 400 points during the day. Notably, Sikka has cited “increasingly personal attacks” as the reason for his resignation.

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  • Govt planning a passport centre every 50 kms
    Published Date : 16-Jul-2017 10:39:37IST

    Union Minister MJ Akbar on Saturday said that the government is working towards setting up a passport centre every 50 kilometres in the country. He further said that the project which began one or one and a half year back has picked up speed. “You will see exponential growth in coming days,” he added.

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