• Investors richer by ₹4 lakh cr in a day as exit polls predict NDA win

    Investors richer by ₹4 lakh cr in a day as exit polls predict NDA win
    Published Date : 20-May-2019 4:00:37IST

    The Sensex rose over 1,200 points to cross the 39,000 mark and Nifty 360 points to cross the 11,700 mark on Monday, making investors richer by over ₹4 lakh crore in a day. This comes after most exit polls showed BJP-led NDA getting a majority in Lok Sabha elections. Rupee also jumped 79 paise to 69.44 against the US dollar.

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  • Mallya gets a year to pay off ₹200 crore mortgage for London home

    Mallya gets a year to pay off ₹200 crore mortgage for London home
    Published Date : 15-May-2019 3:51:33IST

    Vijay Mallya has settled a legal dispute with UBS, getting until April next year to repay ₹200 crore mortgage for his central London house. Under the consent terms approved by a court, the Swiss bank can take possession of the house if Mallya fails to repay. UBS said the 63-year-old businessman’s five-year loan for the house expired in March 2017.

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  • IBM fires 300 India employees in a bid to ‘re-invent’ itself

    IBM fires 300 India employees in a bid to ‘re-invent’ itself
    Published Date : 14-May-2019 7:45:03IST

    American IT giant IBM has fired around 300 employees from its India software services division. “This is in accordance with IBM’s strategy to re-invent itself,” IBM said, adding it’s shifting its focus to emerging technology areas like Artificial Intelligence. It further added that fired employees willing to be retained in these areas will be given the option to do so.

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  • Home Ministry cancels Infosys Foundation’s registration

    Home Ministry cancels Infosys Foundation’s registration
    Published Date : 13-May-2019 3:47:08IST

    Home Ministry has cancelled NGO Infosys Foundation’s registration for allegedly violating Foreign Contribution (Regulation) Act (FCRA) in receiving foreign grants. The foundation failed to submit annual income and expenditure statement on foreign funding for up to six years, officials said. However, Infosys Foundation said its de-registration followed a request it made to the ministry.

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  • Uber raises $8.1 billion in IPO, valued at $82 billion

    Uber raises $8.1 billion in IPO, valued at $82 billion
    Published Date : 10-May-2019 4:57:16IST

    Ride-hailing giant Uber priced its IPO shares at $45 apiece to raise $8.1 billion at a valuation of over $82 billion. Shares were priced close to the bottom of its targeted $44-50 range. Uber, which was earlier said to be seeking a valuation of $120 billion, has reportedly taken a conservative stance over its rival Lyft’s post-IPO share falls.

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  • Infosys makes Hyd staff pay for parking, activists call it illegal

    Infosys makes Hyd staff pay for parking, activists call it illegal
    Published Date : 07-May-2019 7:23:34IST

    Activists in Hyderabad have claimed that Infosys deducting parking charges from employees’ salary is illegal. Infosys charges ₹500 for four-wheelers and ₹250 for two-wheelers per month to park on the campus located in the Pocharam Special Economic Zone in city’s outskirts. The management reportedly responded to employee complaints by saying the fee was being collected to maintain the parking lot.

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  • Shopping Links Soon on YouTube

    Shopping Links Soon on YouTube
    Published Date : 07-May-2019 7:37:25IST

    In a bid to ramp up its online shopping business to compete with Amazon, Google is testing shopping links under You-Tube videos. The test feature displays product prices and recommendations under videos playing on the site, making it easier for viewers to buy them on Google.

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  • You are not Our Product: Cook to Apple Users

    You are not Our Product: Cook to Apple Users
    Published Date : 06-May-2019 9:41:31IST

    Apple CEO Tim Cook called online privacy a “crisis”, reaffirming the company’s stance on privacy as companies like Facebook and Google have come under increased scrutiny regarding their handling of consumer data. Unlike companies such as Google and Facebook, Apple’s business isn’t focused on advertising, and thus, it does not benefit from collecting data to improve ad targeting. “You are not our product,” he said. “Our products are iPhones and iPads. We treasure your data. We want to help you keep it private and safe.”

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  • 88-year-old Warren Buffett drinks 5 cans of Coca-Cola a day

    88-year-old Warren Buffett drinks 5 cans of Coca-Cola a day
    Published Date : 04-May-2019 1:21:40IST

    Warren Buffett, the world’s fourth-richest person with $90-billion wealth, drinks five cans of Coca-Cola a day and eats McDonald’s chicken nuggets at least thrice a week. The 88-year-old’s investment company Berkshire Hathaway owns nearly 10% of Coca-Cola, a stake worth $19.5 billion. Buffett is hosting tens of thousands of people in Omaha from May 3-5 for Berkshire’s annual shareholder weekend.

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  • Facebook CEO Mark Zuckerberg taking base salary of $1 for 3 years

    Facebook CEO Mark Zuckerberg taking base salary of $1 for 3 years
    Published Date : 13-Apr-2019 8:52:05IST

    Facebook CEO Mark Zuckerberg is taking a base salary of $1 for the past three years, however, his “other” compensation was $22.6 million (over ₹156 crore) in 2018, more than double of 2017’s amount. Of this $22.6 million, nearly $20 million was spent on security for Zuckerberg and his family. Zuckerberg received $2.6 million for personal use of private jets.

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  • Bezos’ reported girlfriend files for divorce day after his divorce

    Bezos’ reported girlfriend files for divorce day after his divorce
    Published Date : 06-Apr-2019 6:13:49IST

    Former TV host Lauren Sanchez, Amazon CEO Jeff Bezos’ reported girlfriend, filed for divorce the day after Bezos’ divorce with MacKenzie was finalised. Sanchez and Hollywood agent Patrick Whitesell, her husband of 14 years, both filed divorce papers on Friday and asked for joint custody of their two kids. Sanchez, a helicopter pilot, has founded an aerial film production company.

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  • Apple begins making iPhone 7 in India in Bengaluru

    Apple begins making iPhone 7 in India in Bengaluru
    Published Date : 02-Apr-2019 6:32:32IST

    Apple has begun manufacturing the iPhone 7 in India in Bengaluru, making it the third iPhone model being manufactured locally in the country. The iPhone 7 joins the iPhone SE and iPhone 6s, which are also assembled locally by Apple. Taiwanese contract manufacturer Wistron, which makes the iPhone SE and iPhone 6s, will build the iPhone 7 too.

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  • Bill Gates’ wealth hits $100 bn, becomes centibillionaire: Bloomberg

    Bill Gates’ wealth hits $100 bn, becomes centibillionaire: Bloomberg
    Published Date : 20-Mar-2019 3:39:57IST

    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.

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  • Rupee turns positive for 2019 against US dollar

    Rupee turns positive for 2019 against US dollar
    Published Date : 12-Mar-2019 4:52:20IST

    The Indian rupee on Tuesday rose to a two-and-a-half month high of 69.5 against the US dollar, wiping out all its losses for the year. Since the start of this year, foreign institutional investors have bought Indian equities worth $3.13 billion and sold $1 billion in debt market. The local currency has gained 0.15% so far in 2019.

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  • Nirav Modi living in ₹72-cr flat in London, has new business: Report

    Nirav Modi living in ₹72-cr flat in London, has new business: Report
    Published Date : 09-Mar-2019 12:53:55IST

    Fugitive diamantaire and PNB scam accused Nirav Modi is living in ₹72-crore apartment in London’s West End, British newspaper The Telegraph reported. Nirav has started a new diamond business, which was incorporated in May 2018 and is linked to his flat, the report added. The Interpol had issued a Red Corner notice against Nirav on CBI’s request last year.

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