The latest whistle-blower revelations of multiple shenanigans at global ride-hailing app Uber, coming thick and fast after serial exposes of various dodgy practices at Facebook, Apple, Amazon, Netflix, Google in the recent past raises uncomfortable questions about India Inc. If the FAANGs, Twitter and Uber can be guilty of multiple and diverse transgressions what's happening in Indian corporations? It can be nobody's case that India's largely family-owned and - managed private sector is a beacon of transparency or best corporate governance practices, bolstered as it is by an informal omerta among employees, managements and even boards.
The duo were planning targeted killings in various north Indian states on the directions of Khalistan movement leaders sponsored by Pakistan's Inter-Services Intelligence, they said.
Alphabet Inc's Google has paid Rs 33,737 crore for a 7.73 per cent stake in Reliance Industries Ltd's (RIL) digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook, billionaire Mukesh Ambani's firm said. The transaction also marks the US technology giant's biggest-ever investment in an Indian company. With this, Jio Platforms has raised a total of Rs 1.52 lakh crore by selling nearly 33 per cent stake to 13 financial and strategic investors in just 11 weeks.
Janne-Mette Johansson, a Norwegian national on a tourist visa, came under the scanner of Bureau of Immigration authorities over her suspected participation in an anti- Citizenship Amendment Act protest in the Kochi three days ago.
Mukesh Ambani has resigned from the board of his group's telecom arm, Reliance Jio and handed over the reins of the company to elder son Akash, a step seen as succession planning by the 65-year old billionaire. In a stock exchange filing, Reliance Jio Infocomm said the company's board at a meeting on June 27, "approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company." This comes after his father resigned with effect from close of working hours on June 27, it said.
Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
Nicolas Franchet, Facebook's global head of retail and e-commerce, talks to Business Standard about how the company can help e-commerce firms target customers.
The case relates to an international espionage racket in which Pakistan-based spies recruited agents in India for collecting sensitive and classified information regarding locations/movements of Indian naval ships and submarines, and other defence establishments.
Television newscaster Dibang remembers Astad Deboo, the legendary dancer, who passed into the ages on Thursday.
A large part of the work that CEO Sumit Gupta does is focused on educating users and the larger community about investing in cryptocurrencies, reports Neha Alawadhi.
While the investment amount could not be immediately ascertained, a report pegged it at about $2 billion.
Major Bikramjeet Kanwarpal succumbed to COVID-19 on May 1. After retiring from the Indian Army, the major became a successful actor in films and television. An old friend salutes a wonderful human being.
Of the 59 IPOs for which the data is available, 36 IPOs received mega responses of more than 10x (of which, six IPOs more than 100x), while eight IPOs were oversubscribed more than 3x.
Mette, 42, exchanged vows with Bo Tengberg, 55, after being forced to cancel their wedding three times in a year, initially delaying their 2019 nuptials because of the general election, then earlier this year due to the pandemic, and finally bringing forward their special day from July 18, to attend an European Union Council meeting.
A woman who sleeps with a man she just met signals that she has low self-esteem or that she is actually only using him for sex, says Solene Paillet.
This was the first time in 15 years that a President took a train ride. Kovind has also become the first President not to travel on a presidential saloon car.
'A lot of first-time users who have entered the markets after Covid are increasingly investing in mutual funds, exchange-traded funds, and stocks for their long-term goals.'
The minister also cautioned the social media giant and its CEO Mark Zuckerberg of repercussions under the IT Act in case of any data breach came to light.
Social media is reflecting a reality that the BJP does not want communicated. More people are saying things on social media that are upsetting the government, asserts Aakar Patel.
'For someone who wants to invest for the future or his family, diversification is necessary.' 'Diversify across asset classes -- equities, gold, real estate, fixed income, commodities, and even cryptocurrency.'
Every brand and company in India too will soon need a metaverse strategy, notes Sandeep Goyal.
Indian football hero of '80s, Chibuzor dies
Urvashi Vaid dreamed of a common movement for social justice that could address them all: Racism, gender oppression and homophobia. Sandip Roy salutes the memory of Urvashi Vaid, one of America's most prominent LGBT activists, who passed into the ages this month.
In a curious move, Reliance Industries' (RIL) executive director and Mukesh Ambani's trusted aide PMS Prasad pledged 600,000 shares of the company last month, which is 93.75 per cent of the total shares he owns in RIL. Prasad owned a total of 640,000 RIL shares and his compensation stood at Rs 11.15 crore in FY20.
'He destroyed many of our tanks, and finally, it was just the two of us left facing each other with our tanks just 200 m apart.' A tale of valour excerpted from Rachna Bisht Rawat's 1971: Charge Of The Gorkhas And Other Stories.
Prime Minister Narendra Modi arrived in Tashkent, Uzbekistan on the first leg of his eight-day visit to Central Asia and Russia. Here are top moments from his visit
Till Thursday, everything was "going well", the chief minister said, adding that unfortunately, "the political meetings at the appropriate level" could not be confirmed.
Nalapad allegedly thrashed a man in a pub in Bengaluru's UB City mall.
'My father was asking me what an IPO is. He has no clue and he has never been an investor.' 'My mother, who was the one to ring the bell, has been an investor in Policybazaar for the past 6-7 years and I would say she has made good returns.'
"A real treat to meet David Beckham Wimbledon ...A thorough Gentleman," Paes wrote on his Facebook wall with a picture of the duo.
In a blog post, Google said its Threat Analysis Group tracks more than 270 targeted or government-backed groups from over 50 countries. It, however, did not clarify which governments have targeted these users.
The announcement comes as a big relief to international students, including those from India.
This year is set to be the third consecutive year when India's share of IPOs has fallen relative to the rest of the world.
Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game.
A BSNL spokesperson said Fathima was suspended from service in view of the police investigation against her.
In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.
Bollywood veteran actor Naseeruddin slammed Virat Kohli for his on-field 'behaviour' after the India captain was involved in an on-field altercation with Australia skipper Tim Paine during the ongoing second Test in Perth on Monday.
When Sheena got down from his car on the evening of April 24, 2012, Rahul says she told him, "Bye. Love you. See you later."
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