Rajeev Misra (File photo: Bloomberg)
Rajeev Misra (File photo: Bloomberg)
wsj

SoftBank’s Rajeev Misra used campaign of sabotage to hobble internal rivals

  • The man atop world’s biggest tech fund paid an intermediary to smear them, people familiar with the matter say; a Misra spokesman said he did not orchestrate the effort
  • Misra’s targets were Nikesh Arora, who was once heir apparent to Masayoshi Son as chief executive, and Alok Sama, a deputy to Arora

Sumant Kathpalia currently heads the bank’s consumer banking business. (Mint )
Sumant Kathpalia currently heads the bank’s consumer banking business. (Mint )

RBI approves appointment of Sumant Kathpalia as IndusInd Bank CEO for 3 years

  • A chartered accountant by qualification, Sumant Kathpalia has been with the bank since 2008
  • In October last year, the bank had said its board finalized a potential candidate for the position of managing director & chief executive after Romesh Sobti's term comes to an end in March 2020

Trader working on the floor at the New York Stock Exchange in New York (Photo: Reuters)
Trader working on the floor at the New York Stock Exchange in New York (Photo: Reuters)

US stocks in correction territory on coronavirus fears, Dow plunges 600 points

  • The losses came after US public health officials confirmed a coronavirus case in California, the first affliction of unknown origin
  • Shares of Microsoft Corp fell more than 4% after the company warned of weakness in PC business due to a hit to its supply chain from coronavirus outbreak

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GE shed about 78,000 workers in 2019

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A Delhi municipal worker stands next to heaps of the remains of vehicles, steel cupboards and other materials on a street vandalised in violence in New Delhi (Photo: AP)
A Delhi municipal worker stands next to heaps of the remains of vehicles, steel cupboards and other materials on a street vandalised in violence in New Delhi (Photo: AP)

Two SITs to probe northeast Delhi violence; death toll mounts to 38

  • On Thursday, the violence ebbed but did not subside completely and thousands of people began picking up the pieces of their shattered lives and livelihoods
  • The police have registered 18 FIRs and arrested 106 people in connection with the violence in which 34 people

Mark to Market
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Tata Motors logos are seen at their flagship showroom. (REUTERS)
Tata Motors logos are seen at their flagship showroom. (REUTERS)

Tata Motors, two group finance firms accused of antitrust violations in India

  • The CCI has powers to impose a penalty of up to 10% of the relevant turnover of a company in the last three financial years if it is found to have abused a dominant position
  • The Tata Group has faced antitrust reviews in the past

On activating the card, 6E Rewards and 6E Rewards XL customers will get complimentary air tickets worth Rs1,500 and Rs3,000, respectively.
A Reuters poll says Q3 GDP will be marginally higher thanks to a small rebound in rural demand, private consumption and government spending (Photo: Reuters)
A Reuters poll says Q3 GDP will be marginally higher thanks to a small rebound in rural demand, private consumption and government spending (Photo: Reuters)

Q3 GDP growth seen at 4.7%, coronavirus poses risk to nascent recovery: Analysts

  • At 4.5%, India suffered its weakest expansion in over six years in the September quarter
  • In its annual budget, the government estimated economic growth in the current fiscal year ending in March would be 5%, the lowest for 11 years

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The state-owned bank was allegedly defrauded to the tune of  ₹14,356 crore by Nirav Modi and Mehul Choksi, through his companies including Gitanjali, by issuance of fake LoUs (Photo: Mint)
The state-owned bank was allegedly defrauded to the tune of 14,356 crore by Nirav Modi and Mehul Choksi, through his companies including Gitanjali, by issuance of fake LoUs (Photo: Mint)

PNB fraud case: Sebi slaps penalty of 5 crore on Mehul Choksi, others

  • Sebi has penalised Choksi, Gitanjali Gems and Dhanesh Sheth, the whole-time director of Gitanjali, for failing to make various requisite disclosures
  • This is the highest ever penalty imposed on a company for disclosure violations

Union Finance Minister Nirmala Sitharaman addressing a press conference in Guwahati on Thursday (Photo: ANI)
Corona's purchase intent among adults in the US has plunged to the lowest in two years (Twitter/Corona)
Corona's purchase intent among adults in the US has plunged to the lowest in two years (Twitter/Corona)

Coronavirus impacts demand for Corona Beer

Corona, which derives its name from the Sun's corona and has nothing to do with the virus

Passengers wearing masks are seen arrival at the Shanghai railway station in Shanghai, China, as the country is hit by an outbreak of a new coronavirus (Photo: Reuters)
Passengers wearing masks are seen arrival at the Shanghai railway station in Shanghai, China, as the country is hit by an outbreak of a new coronavirus (Photo: Reuters)

China reports rise in new coronavirus cases, warns of risk of rebound

  • The total number of confirmed cases on mainland China has now reached 78,497
  • Also, some coronavirus patients discharged from hospitals after recovery have been readmitted after testing positive again

Union Finance Minister Nirmala Sitharaman addresses a press conference on Union Budget 2020-21, in Guwahati,. Assam Finance Minister Himanta Biswa Sarma is also seen (Photo: PTI)
Union Finance Minister Nirmala Sitharaman addresses a press conference on Union Budget 2020-21, in Guwahati,. Assam Finance Minister Himanta Biswa Sarma is also seen (Photo: PTI)

Delhi riots, anti-CAA protests have not dampened investor sentiment: Sitharaman

  • In Guwahati, she said the investors she met in her recent visit to Saudi Arabia expressed willingness to invest more in the country
  • Raw material supplies to industries likely to be hit due to coronavirus crisis if situation doesn't improve in two months, says finance minister

Prime Minister Narendra Modi holds the hand of US President Donald Trump during the Namaste Trump event as First Lady Melania Trump looks on, at Motera Stadium in Ahmedabad.  (ANI)
Prime Minister Narendra Modi holds the hand of US President Donald Trump during the Namaste Trump event as First Lady Melania Trump looks on, at Motera Stadium in Ahmedabad. (ANI)

'Namaste Trump' watched by almost twice as many people as Oscars 2020

  • According to data by BARC, the mega event at the world's largest cricket stadium had a total of 11.69 billion viewing minutes across India
  • The BARC estimated that 46 million people watched the event on 180 television channels across India

Britain’s exit from the EU will end the current free movement of people from within the economic bloc at the end of the Brexit transition period on December 31 this year, bringing EU and non-EU migrants under one system. (iStockphoto)
Britain’s exit from the EU will end the current free movement of people from within the economic bloc at the end of the Brexit transition period on December 31 this year, bringing EU and non-EU migrants under one system. (iStockphoto)

Indians emerge as fastest growing nationality for UK student visa applications

  • Indian professionals also held on to their global lead in the Tier 2 skilled visa category for the UK
  • The UK’s Office for National Statistics (ONS) found that over 37,500 Indian students received a Tier 4 (Study) visa in 2019, which marks a 93% increase from the previous year

Current mobile internet prices are in the range of  ₹4-5 per GB (Bloomberg)
Current mobile internet prices are in the range of 4-5 per GB (Bloomberg)

AGR-hit Vodafone Idea wants 7-8 times hike in mobile data tariffs

  • Current mobile internet prices are in the range of 4-5 per GB
  • The loss-making telco is under pressure to clear adjusted gross revenue dues of more than 50,000 crore to comply with a Supreme Court order

At present only Iran Air and Mahan Air operates several weekly flights to Indian cities of Mumbai and New Delhi. (PTI)
At present only Iran Air and Mahan Air operates several weekly flights to Indian cities of Mumbai and New Delhi. (PTI)

Virus scare jolts India to extend flying ban to Iran after China

  • At present only Iran Air and Mahan Air operates several weekly flights to Indian cities of Mumbai and New Delhi
  • India has already banned flights to China, while airlines have restricted flights to Hong Kong following the outbreak.

Huawei plans to develop two million ICT professionals and continuously update its school-enterprise cooperation solutions (Reuters)
Huawei plans to develop two million ICT professionals and continuously update its school-enterprise cooperation solutions (Reuters)

Huawei plans to train 2 million ICT professionals in 5 years

  • Huawei has partnered with more than 600 international universities to set up Huawei ICT academies
  • To meet new requirements and challenges, Huawei ICT Academy Programme will enter second phase in 2020

(Photo: AP)
A Jet Airways vehicle leaves the company's headquarters in Mumbai. (Reuters)
Standup comedian Kunal Kamra. (File photo: HT)
Opening an online store in India could help Apple shore up business here. (AP)
TDP chief Chandrababu Naidu (File photo: ANI)
The connections led to in-depth conversations with several voters and may have helped motivate them (Bloomberg)
The connections led to in-depth conversations with several voters and may have helped motivate them (Bloomberg)

US politicians turn to dating apps for votes

Dating apps have grown in popularity in US, making them fertile territory to connect with voters

IKEA, which had committed to open 25 stores in India, had said that it is transforming its business model due to growing digitisation all over the world. (Bloomberg)
IKEA, which had committed to open 25 stores in India, had said that it is transforming its business model due to growing digitisation all over the world. (Bloomberg)

IKEA in talks with govt over import tax hike, plans to increase local production

  • IKEA says it is evaluating the impact of the government decision to hike import duty
  • The company is looking to open big stores as well as small formats in the big cities of Mumbai, Delhi and Bengaluru

For most LNG projects, locking up long-term sales agreements for the bulk of the production is a key requirement to secure financing
For most LNG projects, locking up long-term sales agreements for the bulk of the production is a key requirement to secure financing

US gas developer rattled as biggest Indian buyer seeks competing deal

  • The development highlights how a flood of new supply and record low spot prices are strengthening buyers’ hands and ramping up competitive pressure among sellers

The gems and jewellery industry in India is home to more than 500,000 firms and employ over 2.5 million workers, according to Care Ratings. Photo: Pradeep Gaur/Mint
The gems and jewellery industry in India is home to more than 500,000 firms and employ over 2.5 million workers, according to Care Ratings. Photo: Pradeep Gaur/Mint

With revenues falling, income tax dept rake up old demonetisation cases

  • About 15,000 Indian jewellers have been sent tax demands
  • Income tax authorities are seeking around 50,000 crore from people in the gems and jewellery sector

Delhi Cheif Minister Arvind Kejriwal with Deputy CM Manish Sisodia speaks to media during a press conference, in New Delhi on Thursday (Photo: ANI)
Delhi Cheif Minister Arvind Kejriwal with Deputy CM Manish Sisodia speaks to media during a press conference, in New Delhi on Thursday (Photo: ANI)

Give double punishment if anyone from AAP found involved in riots: Kejriwal

  • Delhi govt to give 10 lakh to families of those killed in riots, 2 lakh to those seriously injured, said Arvind Kejriwal
  • Delhi govt to set up special camps for people to get documents burnt during arson, violence, said CM

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The company has already released a pre-launch software update that cites camera improvements. (Photo: AP)
The company has already released a pre-launch software update that cites camera improvements. (Photo: AP)

Samsung vows to improve Galaxy S20 Ultra's camera issues

  • Reviews from publications have highlighted that the autofocus system is unreliable
  • Galaxy S20 Ultra's camera system is one of its main selling points, including a huge 108MP sensor

Plain Facts
A muslim pilgrim wears a protective face mask to prevent contracting coronavirus, as he prays at the Grand mosque in the holy city of Mecca, Saudi Arabia. (REUTERS)
A muslim pilgrim wears a protective face mask to prevent contracting coronavirus, as he prays at the Grand mosque in the holy city of Mecca, Saudi Arabia. (REUTERS)

Saudi Arabia suspends entry for pilgrims over coronavirus

  • Some 2.5 million faithful travelled to Saudi Arabia from across the world to take part in last year's hajj -- one of the five pillars of Islam
  • Saudi Arabia, which so far has reported no cases of virus but has expressed alarm over its spread in neighbouring countries, said suspensions were temporary

The smartphone will come to India in Aurora Blue, Midnight Black and Sky White colour options
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Hero Super Splendor comes with a BS6 compliant engine
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The smart power meter systems will provide discoms with real-time data on consumption of each consumer
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