America Companies Technology Voice

Apple’s new iPhone XS Max explodes inside Ohio man’s trouser

Josh Hillard from Columbus, Ohio reported that he felt “large amount of heat” and ‘strange smell’ coming from his iPhone XS Max. Moments later, the phone started to emit green and yellow coloured smoke.   “Left no other option, I had to exit the room since there was a female in the break room with Read More…

Business Companies Industries Market

GST Council Cuts rates over 23 Goods & Services ahead of 2019 Elections

The GST Council Saturday reduced tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks, and exempted frozen and preserved vegetables from the levy.   The reduced rates are likely to come into effect from January 1, 2019, Finance Minister Arun Jaitley told reporters after the 31st meeting Read More…

Business Companies Industries Market

106000 Crores RBI Fund , BJP government seek to repay NPAs

Centre seeks Rs. 41,000 crore more to recapitalise banks Tables proposal in Parliament, says recovery process of NPAs progressing strongly   The government on Thursday moved a proposal in Parliament for an additional Rs. 41,000 crore to recapitalise public sector banks, over and above the already budgeted Rs. 65,000 crore, Finance Minister Arun Jaitley told Read More…

Business Companies Food & Health Market Technology

Food delivery Swiggy raises Rs 6987 crore in funding

Swiggy, in a statement said, it has executed definitive agreements for a USD 1 billion round of funding led by Naspers and saw new investors Tencent, Hillhouse Capital and Wellington Management Company coming on board.   The series H round also saw participation from other existing investors including DST Global, Meituan Dianping and Coatue Management, Read More…

Business Companies High Court Industries Market

Drugs War : Court asked for Center Policy and till then banned Online Sales

The Madras High Court on Monday banned the online sale of medicines till the Centre notifies rules regulating it. The high court thereby has refused to vacate an interim stay it granted in October.   The court directed the Centre to notify rules regulating the online sale of medicines by January 31, 2019, and online Read More…

Business Companies Industries Social

Negative Growth : Exports have not progressed at all in these four years

  Indicating a fresh stress on jobs, a fine print of India’s latest export numbers suggests that major labour-intensive sectors of exports like gems and jewellery, leather, handloom and farm products have either plunged into negative territory or exhibited an extremely sluggish growth in November.   Worse, November 2018 export figures at $26.5 billion are Read More…

Business Companies High Court

Officers Association petition dismissed over LIC acquisitions of IDBI share

Justice Vibhu Bakhru of Delhi High Court rejected the petition by the All India IDBI Officers Association, which had opposed the move of Life Insurance Corporation (LIC) on the ground that change in shareholding could take away the public sector bank status of IDBI.   The association was concerned that taking away public sector status Read More…

Asia Companies Europe National Politics Session Court

Delhi court extends CBI custody for Christian Michel : AgustaWestland Chopper Case

  Delhi court on Saturday extended by four days the CBI custody of Christian Michel, alleged middleman charge-sheeted and arrested in the AgustaWestland VVIP chopper case. The 57-year-old British national was produced before Special Judge Arvind Kumar. The probe agency told the judge that Michel needs to be confronted with various documents in the case Read More…

Companies National

BJP Minister says unfair to call a one-time loan defaulter malaya as ‘chor’

  BJP Powerful Senior Leader and Union Minister Nitin Gadkari Thursday said ” it is unfair to tag a one-time loan defaulter Vijay Mallyaji as a “chor (thief).   He added that the embattled businessman has a four-decade-long track record of timely debt servicing.   Gadkari, however, clarified that he has no business dealing with Read More…

Business Companies Jobs

NPS benefits extended by centre and almost made at par with EPF

  Individuals can now get PPF, EPF like benfits on the National Pension Scheme (NPS) as well.   Besides, amount deposited in NPS’ Tier-II account would be eligible for benefits under Section 80C with certain restrictions.   The employees of central government can now choose pension fund manager or investment pattern of their own choice. Read More…