• Facebook to open 2.2-lakh-sq ft office in Bengaluru

    Facebook to open 2.2-lakh-sq ft office in Bengaluru
    Published Date : 22-Oct-2018 9:32:13IST

    Social media major Facebook is reportedly is planning to open a 2.2-lakh-square foot office space on rent in Bengaluru. It is located in Embassy Golf Links, which also houses leading companies like Microsoft, IBM, and Goldman Sachs, among others. Reports also claim the new space will begin its operation next year and also plans to recruit nearly 2,200 employees.

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  • Number of crorepatis grew by 60% since 2014 in India

    Number of crorepatis grew by 60% since 2014 in India
    Published Date : 22-Oct-2018 9:26:17IST

    The number of taxpayers earning over ₹1 crore per annum has risen by around 60% in India in the last four years, the Central Board of Direct Taxes said. While 88,649 taxpayers disclosed income above ₹1 crore in 2014-15, the figure was 1,40,139 for 2017-18. Further, an 80% growth was registered in the number of returns filed during the period.

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  • Paytm CEO’s secretary arrested for blackmailing him for ₹20 crore

    Paytm CEO’s secretary arrested for blackmailing him for ₹20 crore
    Published Date : 22-Oct-2018 9:25:19IST

    Three Paytm employees including the startup’s Founder and CEO Vijay Shekhar Sharma’s secretary were arrested on Monday for allegedly trying to extort ₹20 crore from Sharma after threatening to leak stolen personal data and confidential information. Sharma’s secretary is said to be the mastermind of the plan. The Noida Police was informed of the alleged blackmailing by Sharma himself.

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  • GMR launches airport radio

    GMR launches airport radio
    Published Date : 17-Oct-2018 9:06:00IST

    GMR Hyderabad International Airport Ltd has launched South India’s first Airport Radio under its #PassengerIsPrime programme. Mirchi Airport Radio is a 24×7 customproduced, exclusive airport radio, creating a melodious theme to the travel experience for the passengers at Hyderabad International Airport and has been launched in collaboration with Radio Mirchi.

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  • Honest taxpayers may get priority at airports, railway stations

    Honest taxpayers may get priority at airports, railway stations
    Published Date : 15-Oct-2018 7:27:36IST

    The Income Tax Department is working on a policy that would reward honest and consistent taxpayers by giving them priority while availing public services at airports, railway stations and highways. Civic receptions could also be held by the government to honour these taxpayers. They will also reportedly get a unique identification number or their PAN would be flagged as special.

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  • Rupee at new low of 74.46/$

    Rupee at new low of 74.46/$
    Published Date : 11-Oct-2018 9:50:42IST

    The Indian rupee slipped to a fresh record low of 74.46 to a US dollar during the morning trade session on Thursday. It opened at 74.31 to a dollar at the Inter-Bank Foreign Exchange Market and soon slipped to 74.46 to a greenback — the lowest-ever it has touched. It made a slight recovery and around 9.30 a.m. and stood at 74.43 (74.4263) to a US dollar.

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  • ‘Worked 18-20 hours a day for the last 40 years’

    ‘Worked 18-20 hours a day for the last 40 years’
    Published Date : 10-Oct-2018 5:03:10IST

    Former PepsiCo CEO Indra Nooyi has said that for the last 40 years, she has done “nothing but wake up at 4 am” and work 18-20 hours a day. Nooyi added that it was “liberating” to have a bit of free time. “I am learning to step aside and realise that there is life beyond PepsiCo,” the 62-year-old further said.

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  • Rupee hits fresh lifetime low, now 74.27 against US dollar

    Rupee hits fresh lifetime low, now 74.27 against US dollar
    Published Date : 09-Oct-2018 3:26:26IST

    The Indian rupee on Tuesday plunged 21 paise to hit a fresh lifetime low of 74.27 against the US dollar in the afternoon trade. This comes after the Brent crude breached the $84 a barrel mark again. The rupee opened higher by 19 paise at 73.87 compared to its previous close of 74.06 against the US dollar.

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  • Rupee closes at fresh low of 74.07 to USD

    Rupee closes at fresh low of 74.07 to USD
    Published Date : 08-Oct-2018 6:24:28IST

    The Indian rupee ended Monday’s session on a fresh closing low of over 74 to a US dollar. The Indian rupee closed at 74.07 (74.0650) per US dollar, 30 paise weaker than its previous close of 73.77. It opened the day’s trade at the Inter-Bank Foreign Exchange Market at 73.96 against the greenback.

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  • Rupee touches new low at 73.77/$

    Rupee touches new low at 73.77/$
    Published Date : 04-Oct-2018 11:09:42IST

    The Indian rupee plunged to a fresh record low of 73.77 to a US dollar on Thursday morning. It stood at 73.77 (73.7688) to a dollar — the lowest ever mark — it has touched against the greenback. It opened the day’s trade at the Inter-Bank Foreign Exchange Market at 73.67 to a dollar from its previous close of 73.34. At 9.50 a.m., the rupee stood at 73.65 to a greenback.

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  • ‘Apple world’s top brand, Facebook slips to 9th spot’

    ‘Apple world’s top brand, Facebook slips to 9th spot’
    Published Date : 04-Oct-2018 11:06:20IST

    Apple displaced Google to become the top brand in the world in 2018 while Facebook, mired in data breach controversies, fell to ninth place in the top 100 brands globally, an annual report said on Thursday. Apple’s brand value grew 16 per cent to $214.5 billion. “In second place, Google was up 10 per cent to $155.5 billion while Amazon is valued at $100.8 billion,” campaignlive.co.uk reported. Microsoft (valued at $92.7 billion) was fourth while Coca Cola (valued at $66.3 billion) came fifth followed by Samsung on sixth spot.

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  • Re hits new all-time low, breaches 73-mark

    Re hits new all-time low, breaches 73-mark
    Published Date : 03-Oct-2018 11:04:41IST

    The currency hit 73.34 per dollar in early trade, an all-time low, and sharply lower than its previous close of 72.93. At 9.05 am, the rupee had sobered slightly was trading at 73.30. Sharp rise in global crude oil prices over the last two sessions weighed on sentiment.

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  • Amazon raises its minimum wage in US to $15/hour

    Amazon raises its minimum wage in US to $15/hour
    Published Date : 02-Oct-2018 7:52:47IST

    Amazon is increasing its hourly minimum wage to $15 (₹1,100) for its US employees, effective November 1. The move will benefit over 350,000 workers, including part-time, temporary and seasonal employees, the e-commerce and cloud services giant said. “We listened to our critics, thought hard about what we wanted to do, and decided we want to lead,” CEO Jeff Bezos said.

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  • Rs 90 lakh toilet built at Marine Drive in Mumbai

    Rs 90 lakh toilet built at Marine Drive in Mumbai
    Published Date : 02-Oct-2018 3:12:38IST

    A swanky and eco-friendly public toilet equipped with solar panel and vacuum technology to save water has come up at the Marine Drive in south Mumbai. Built at a whopping cost of Rs 90 lakh, the facility will be of great help to the general public, including joggers and cyclists, who throng the iconic promenade, a civic official said. People do not have to pay any fee to use it, he said. Shiv Sena’s youth wing leader Aditya Thackeray inaugurated the six-block toilet on October 1.

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  • Bill Gates spends ₹1,240 cr on 14,500-acre farmland

    Bill Gates spends ₹1,240 cr on 14,500-acre farmland
    Published Date : 30-Sep-2018 1:45:38IST

    World’s second richest person Bill Gates reportedly spent $171 million (₹1,240 crore) to buy 14,500 acres of farmland in the US’ Washington. The Microsoft Co-founder, who is worth $98.9 billion, bought the property from John Hancock Life Insurance Company, which paid $75 million for it in 2010. This is reportedly the most expensive US land sale so far this year.

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