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- Assam: State govt announce cash award of Rs 1.6 crore for athlete Hima Das
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- PM greets teaching community on Teachers’ Day; pays tributes to Former President Dr. Sarvepalli Radhakrishnan on his Jayanti
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- National Teachers Awards to be given under new guidelines
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- Philippines mayor shot dead inside his office
- SC dismisses plea against Malayalam novel 'Meesha
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- Young Punjab Police officer authors challenges, solutions to country's problems
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- Rupee slips to new low; touches 71.75/$
- Priyanka enjoys family time with Nick Jonas
- Historic performances, big lows mark India's Asiad show (Analysis)
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- Alipay Seeks Japanese Partners to Strengthen Cashless Experience across the Country for Tourists before 2020
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- GSMA: Free Flow of Data across Borders Essential for Asia's Digital Economies
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- Kolkata bridge collapse: Search operations continue for those still trapped
- Odisha will be hub of agro & food processing in East: Official
- With the country's agro and food processing sector is expected to reach a size of USD 530 billion by 2020, Odisha has been facilitating creation of an ideal business eco-system to make the state a hub in the eastern region, an official said Wedsnesday.
- Bridge collapse: Search operations continue for survivors
- The overnight search and rescue operations at the Majerhat bridge collapse site in the south Kolkata continued Wednesday morning to find those possibly trapped in the debris, officials said.
- Tarun Vijay to lodge complaint over 'misuse' of Twitter account
- Pence calls on Myanmar to free 2 Reuters reporters
- US Vice President Mike Pence called on Myanmar to immediately release two journalists who were sentenced to seven years' imprisonment on charges of possessing state secrets in connection with their reporting on massacres against Rohingya Muslims.
- Japan evacuates major airport after typhoon wreaks havoc
- A major airport that was cut off when a huge typhoon smashed through its sole access road was being evacuated Wednesday, as Japan grappled with devastation caused by its most powerful storm in a quarter of a century.
- North Korean parade a tricky prelude to inter-Korean summit
- As North Korea prepares for a massive parade Sunday featuring thousands of goose-stepping soldiers and lots of scary-looking missiles, some potentially capable of reaching the US mainland, worry is rising in South Korea that a tentative, hard-won detente is starting to slip away.
- Pompeo defends $300 mn aid cut to Pak; says it didn't make satisfactory progress to fight terror
- US Secretary of State Mike Pompeo has defended the Trump administration's decision to cut USD 300 million aid to Pakistan, saying Islamabad did not make satisfactory progress in combatting terrorism.
- Wives of jailed Myanmar reporters shocked by verdicts
- The wives of two Myanmar reporters for the Reuters news agency said they were shocked by a sentence of seven years' imprisonment against them on charges of possessing state secrets.
- UK, French fishing reps meet to avert fresh scallop clashes
- British and French fishing groups will hold talks Wednesday to avert new clashes between their vessels, after tensions flared last week in scallop-rich waters near Normandy and as Brexit looms on the horizon.
- Top South Korean envoy in Pyongyang amid nuclear deadlock
- A high-level South Korean delegation held talks with officials in the North Wednesday, seeking to arrange a third inter-Korean summit this year and break the deadlock in denuclearisation talks.
- Check out Hrithik's intense look from 'Super 30
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- Channel - Block D - Billionaires - blog - Position 5 - Kenyan Multi-Millionaire Industrialist Chris Kirubi Sells BIC Franchise
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- Rupee slips to a new low; touches 71.75/$
- Historic performances, big lows mark India's Asiad show
- The Indian rupee plunged to a fresh record low of 71.75 to a dollar during the morning trade session on Wednesday.
- BREAKING NEWS: Rupee slips to new low; touches 71.75 to $
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- Historic performances, big lows mark Indias Asiad show (Analysis)
- Jodhpur: The site where an Indian Air Force MiG 27 fighter aircraft crashed near Jodhpur on Sept. 4, 2018. (Photo: IANS)
- Kolkata: The bridge that partially collapsed in South Kolkatas Majherhat area toppling some vehicles including two- and four-wheelers on Sept 4, 2018. (Photo: IANS)
- Islamabad: Pakistans Foreign Minister Shah Mahmood Qureshi (front) arrives to cast his vote at the National Assembly during the presidential election in Islamabad, capital of Pakistan on Sept. 4, 2018. Polling for presidential election kicked off Tuesday in Pakistan with three candidates competing for the slot of the 13th president of the country for the next five-year term. (Xinhua/Ahmad Kamal/IANS)
- Lalitpur: People participate in celebration of Bhimsen Festival at Patan Durbar Square in Lalitpur, Nepal, September 4, 2018. (Xinhua/Sunil Sharma/IANS)
- New Delhi: The Indian womens relay team - Hima Das, Raju Poovamma, Saritaben Laxmanbhai Gayakwad and Vismaya Koroth, that won gold in the womens 4X400 metre event at the 18th Asian Games, at a press conference of the Athletics Federation, in New Delhi on Sept 4, 2018. (Photo: IANS)
- New Delhi: Union MoS Sports and Youth Affairs Rajyavardhan Singh Rathore with the players of Indian womens hockey team, that clinched a silver at the recently concluded 18th Asian Games during a felicitation programme, in New Delhi on Sept 4, 2018. (Photo: IANS)
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- The mayor of Ronda, a city in central Philippines, was shot dead on Wednesday morning when several men broke into his office, marking the 16th elected local official to be assassinated under the current administration.
- Militants abduct 11 relatives of J&K policemen; worrisome, says Omar (Lead)
- Himachal ex-CM Virbhadra hospitalised
- No construction work was on at Kolkata bridge collapse site: Officials
- The Central Bureau of Investigation on Wednesday raided 30 places in Tamil Nadu, including the residences of Health Minister C. Vijayabaskar and Director General Police T.K. Rajendran in connection with a gutka scam, a CBI official told IANS.
- Being part of a police force that has earned a reputation for having taken on terrorism head-on and neutralising it, a young officer from Punjab has learnt all the tricks of dealing with crime-related issues. But the intellectual in him has forced him to make an attempt to deal with bigger issues facing the country -- even offering solutions.
- The Supreme Court on Wednesday dismissed a petition against Malayalam novel "Meesha", whose serialisation in a leading vernacular weekly was withdrawn earlier by the author following threats by suspected right-wing outfits.
- Shazia Ilmi inaugurates water ATMs in NDMC areas
- Delhi to give incentives to eateries using environment-friendly fuel
- Rains wreak havoc in UP
- To cut down use of plastic water bottles, BJP leader Shazia Ilmi on Tuesday inaugurated water ATMs in New Delhi Municipal Corporation (NDMC) areas that would dispense safe drinking water 24X7 at an affordable cost.
- In order to deal with air pollution in the city, the Delhi Cabinet on Tuesday approved a proposal to provide financial incentives to industries and eateries using environment-friendly fuels.
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- President, PM pay tribute to Radhakrishnan on Teachers’ Day
- CBSE to relax norms for differently-abled students
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- Watch: Sunil Mittal on telecom industry
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- Singh Vs Singh, And Other Family Feuds That Shook Up India Inc
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- Caatsa waiver likely to be part of 2+2 dialogue
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- Amrapali diverted Rs 2,156 cr via shady deals: Bank
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- AI crew now face call of duty... even on a holiday
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- New Cos Act to simplify penalties for minor violations
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- NBCC says Amrapali's projects can be completed within 3 years
- MP Congress chief Kamal Nath promises gaushalas
- SDPI appeal, seats grow in Karnataka local body polls
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- At the 2+2, India is likely to make it clear that no nation can dictate how its external policy can be run.
- Alvi, a close ally of PM Imran Khan and one of the founding members of the PTI party, was elected as the new President of Pakistan Tuesday.
- During the interaction, Al Baker said Qatar Airways is not averse to an Indian partner but the partner needs to be “good”.
- The decision to get into the lending business will see the company enter an increasingly crowded space that has seen a number of venture capital-backed startups.
- The incident happened on August 25 when Jet’s Boeing 777 headed to London was assigned the main runway (28) for takeoff.
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- J&J hip implants: Govt sets up new panel to decide final compensation for patients
- Rising bond yields, falling rupee say you need to change your investment strategy now. Here’s how!
- Stock market update: Check out the stocks that jumped over 8% in a weak market
- Share market update: Market reflects sombre mood; these stocks plunged up to 6%
- Amazon at $1 trillion is more dream than reality
- Buzzing stocks: RCom, BEL, RIL, Sun Pharma, Infosys
- Fidelity zero-fee funds lure about $1 Billion in a month
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- Small tweaks in tariff can bring back profitability: Sunil Mittal
- The incident happened on August 25 when Jet’s Boeing 777 headed to London was assigned the main runway (28) for takeoff.
- The report was prepared under proceedings of Insolvency and Bankruptcy Code initiated against the company by the creditor bank after the company failed to pay it back.
- In an advisory issued on September 1, Air India asked cabin crew to carry a complete set of uniform and all mandatory documents that they carry while on duty (passport, identity card, competency card, medical certificate etc) when they pack for a holiday.
- This committee has been formed upon recommendations of another expert group set up last year to look into the issue of these implants.
- There are ways to benefit from the falling rupee and rising bond yields.
- Weak global cues and unstable rupee were keeping the market under pressure.
- In a filing to the BSE, the company said the order is for HDPE pipes, which will be executed over the next nine months.
- Among the 50 stocks in the Nifty index, 24 stocks were in the green and 26 were in the red.
- Amazon at $1 trillion rests in part on a vision of a company that doesn’t exist.
- Production for April-July 2018 is down 14per cent from a year ago at 1,72,000 tonnes, Rubber Board data showed.
- Market sentiment was sombre amid weak global cues.
- A panel had recommended that 16 technical and corporate governance offences be moved out of the ambit of courts.
- For an investigation that appeared to be slow in the beginning â€" the first arrest was made six months after the assassination â€" the team appears to have made rapid progress.
- The threat of personal liability might be deterring potential managerial talents from considering the job.
- While underlining the importance of the '2+2' dialogue between US's Mike Pompeo and Jim Mattis and India's Sushma Swaraj and Nirmala Sitharaman, the government has said there was no question of acting under any compulsion from the US on the issue of energy imports from Iran.
- On US concerns over the trade deficit with India, New Delhi plans to highlight the steps taken to increase imports from the country, which helped narrow the gap by over $1 billion last year. “We will be importing oil worth $2.5 billion from the US this year. Washington has to appreciate these efforts being made by India,†the official said.Some of the US sanctions on Iran took effect early August, while others, mainly related to the petroleum sector, will kick off after November 4. The US is willing to offer a waiver to countries that make a “significant†reduction in imports. Without this exemption, countries dealing with Iran after the deadline will risk getting cut off from the US financial system. India has been seeking a waiver from the US, although it is unwilling to reduce imports anytime soon.“India will not cut import of Iranian oil. If there is some import reduction after November 4, that would be purely due to logistics or operation hurdles such as lack of tankers or insurance or reinsurance,†one person said.If India continues to import oil from Iran, it will have to find a way to pay for the supplies because the State Bank of India has already told refiners it can’t support Iranian purchases during sanctions. The government is yet to identify a bank that can be used to channel Iranian oil payments.India imports a tenth of its crude oil from Iran and is the biggest buyer of crude from the Islamic Republic after China. There is also the problem of making technical adjustments to refineries if a new form of crude oil is imported as it would require time, effort and resources.
- Founder & Chairman, Bharti Enterprises, in an exclusive interview with Ajaya Sharma of ET Now.Edited excerpts: What do you think is the contribution of telecom sector to the economy?Telecom is the backbone of the digital society and now we have three players in the marketplace other than BSNL. The future of nations like India, which are fast emerging on the world stage, is going to be built on the back of digital. And in that, telecom is going to play a greater and a bigger role in times to come.Financialization is increasing in our country, digital transactions are growing. Do you think that the role of the telecom sector and the profitability profile in the next four to five years will be more volume based rather than value?Volumes have already been established. India was always a volume market. Indian prices and tariffs have historically been world beaters in terms of how low they are. That has been on the back of the scale that we have. We are a very large nation with lots of people using mobile phones. Affordability has become the norm and now that has gone up by 10x on data, 1.5-2 times on voice traffic as well. So, the volume is there and thankfully given the volume, you just need some small marginal tweaks in the tariff which to bring back the profitability or sustainability that is required for a capital intensive industry like telecom.In the cycle of evolution of the sector, where is telecom right now?It is right in the middle of the sweet spot because almost everything that is moving around us has to be necessarily taken from the telecom ecosystem. With more and more people using smart phones, more and more people consuming entertainment, banking services, payouts and payments, all walks of life are sort of transforming themselves into a digital mode and telecom plays a very formidable role there.You just said that minor tweaks in tariffs and things will start looking upwards once again, are you indicating that we are somewhere around the bottom in terms of tariff structure?Well who knows? You can never say never, we could have never thought we will be at the levels that we are today but I would say more and more consumption of data clearly suggests that there is a set pattern emerging in the marketplace of consumption. The industry yearns for two things to get the right margins -- volume growth and pricing increase. One equation that has been very well set now is the volume growth. The volume has grown tremendously and that is why I am saying it is good news that the tweaks required on the pricing side is very small.Do you see that happen in the medium term?You can never predict. It will really depend on the market. You have to compete in the marketplace and right now for the last two years, the pricing part of the equation has been brutal.We are also having this chat at a time when the challenger of the industry is completing two years in business. How have been these two years fighting the competition in the market on varied dynamics?Well, every time a stronger competitor comes in the marketplace, you try to get better. You sharpen your skills, you take out waste, you get more customer focussed, you get more out into the market and that is what all good companies do. These last two years have reshaped the landscape of the industry. You know seven or eight companies have completely vanished by way of either closures or mergers or bankruptcies. So, you have seen a complete rewriting of the order of the market and in that companies like Airtel have shaped themselves as a much more leaner and a fighting fit machine than ever before.The optimists who look at the sector say now that only three players remain in a market which is exploding in volumes terms, once the cycle of tariffs start moving upwards, the delta of profitability could be very high. Looking out two, three, four years from now, is this a fair hypothesis?Yes, look 1.3 billion people to be served by three operators has to be seen as a dream run and when the correction happens which eventually inevitably it has, at some point in time the industry health must return. And let me tell you, this industry’s health is very important for the national digital mission. Very large investments are required as this is a capital-intensive industry. 5G is knocking on the doors of this industry, it is not going to be too long from now when the 5G spectrum investments, network investments will start coming through. It is in the interest of the nation that we have three healthy sustainable telecom players.How prepared are you for that for 5G?Well, we watch technology. I mean I chair the global GSMA I sit will all my peers globally. We are watching the trends of 5G, China, US, some Nordic countries are taking the lead there. We are closely tracking all the developments.
- J&K: 9-year-old gangraped, murdered, found with eyes gouged out; five held
- According to the police, the girl was gangraped before being murdered. Her body, reportedly with eyes gouged out, was found just one kilometre from her house, the police said.
- ED moves for details of land deal linked to Vadra and Bhupinder Hooda
- Priyanka Chopra and Nick Jonas watch Serena Williams reach semifinals of US Open
- Is there a spy camera in that bathroom? In Seoul, 8,000 workers will check
- Apple Watch shipments top 4.7 million in Q2, 2018, Xiaomi number two in list: IDC
- To assert his power in DMK, M K Alagiri marches to Karunanidhi SamadhiÂ
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- 34 per cent of Indians are insufficiently active, finds Lancet study
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- Mike Pence calls on Myanmar to free two Reuters reporters
- The case drew worldwide attention as an example of how democratic reforms in long-isolated Myanmar have stalled under Nobel Peace laurate Aung San Suu Kyi's…
- तीरà¥à¤¥à¤¯à¤¾à¤¤à¥à¤°à¤¾ पर जाने के बाद पहली बार बोले राहà¥à¤² गांधी, कहा- कैलाश जिसको बà¥à¤²à¤¾à¤¤à¤¾ है, वही जाता है
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- Teachers Day 2018: गूगल ने à¤à¥€ डूडल बना मनाया टीचरà¥à¤¸ डे, जानिठकौन थे डॉ. सरà¥à¤µà¤ªà¤²à¥à¤²à¥€ राधाकृषà¥à¤£à¤¨
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- The case drew worldwide attention as an example of how democratic reforms in long-isolated Myanmar have stalled under Nobel Peace laurate Aung San Suu Kyi's civilian government, which took power in 2016.
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- Manchester United's Luke Shaw says he "nearly lost" his leg after breaking it in two places in September 2015.
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- Classes resumes in Pulwama
- Waters of lake Mansarovar are gentle, tranquil & calm, there is no hatred here: Rahul
- Sharing his experiences of the Kailash Mansarovar yatra, Congress president Rahul Gandhi on Wednesday said waters of lake Mansarovar are ' gentle', 'tranquil' and 'calm' and that there was no hatred.
- Businesswoman shot dead in Bihar
- Ehsan Mani elected new chairman of Pakistan Cricket Board
- Tender
- BJP leaders enthusiastic about Kerala cine star Mohanlal's meeting with PM
- New Delhi, Sep 4 (UNI) In the season of political alignments being drawn at various quarters in view of 2019 parliamentary polls, the BJP leaders are much enthusiastic about the meeting between Malayalam film superstar Mohanlal meeting with Prime minister Narendra Modi.
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- Gutkha scam: CBI searches houses of TN Health Minister Vijaya Baskar, DGP Rajendran
- This is the first time the CBI is conducting searches on the residence of a DGP/Head of the Police Force in the State.
- Hardcore Hizbul activist arrested in J&K
- His arrest likely to see decrease in terrorist activities in the valley, say police.
- Posters of Hrithik Roshan-starrer Super 30 biopic released
- The Hindi film is based on the life of Super 30 coaching institute founder and mathematician Anand Kumar
- Sensex, Nifty turn choppy on weak global cues
- Sensex recovered by 76.85 points to 38,234.77 in opening trade; NSE Nifty fell 26.15 points to 11,494.15
- Russia warns Google against election ‘meddling’
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- With a view to improve the standards of technical knowhow and knowledge of engineering professionals who are graduating from various colleges to enable them to compete at the global level, the following package of measures have been approved by the AICTE:- (i). Perspective Plan for Technical Education; (ii). Introduction of Induction programme for engineering students; […]
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- 04 September 2018
- Right To Information
- 11.12AM IST
- Rising yields, falling Re tell you where to make money
- Top players in the video-on-demand (VOD) industry met in New Delhi on Tuesday to discuss the possibility and what such a code would entail.
- India Inc discusses equitable ...
- Sensex above 38,200, Nifty fla...
- Singh Vs Singh, And Other Family Feuds That Shook ...
- Uber And Other Firms Who Had To Cough Up Millions ...
- The music band has been signed on by celebrity and artist management company, Kwan.
- Bar counters in Bengaluru are serving cocktails with unique serve-ware and accessories.
- HCCB CEO Christina Ruggiero believes it’s something women need to work on.
- An exclusive match screening event was organised at the Mumbai Cricket Association in BKC.
- It is 1,000 times more precise than other commercial systems and ticks 10 billion times per second.
- Dementia is a major cause of disability in older adults worldwide, and no effective treatment is currently available.
- This might be one of the more affordable smartphones in India to sport an in-display fingerprint sensor.
- Donovan Sung was left embarrassed for reportedly posting a fake camera sample image on his Instagram account.
- Article at EconomicTimes.com with article id : 65681139
- Article at EconomicTimes.com with article id : 65680916
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- Article at EconomicTimes.com with article id : 65680639
- Article at EconomicTimes.com with article id : 65681027
- Article at EconomicTimes.com with article id : 65680874
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- Article at EconomicTimes.com with article id : 65680602
- Copyright:(C)Wed 05 Sep 2018, 11:00:292018Wed 05 Sep 2018, 11:00:29 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
- Tomorrow in Delhi, Trump will face his first real test on IranAt the 2+2, India is likely to make it clear that no nation can dictate how its external policy can be run.
- Rs 7,000 cr is India's first bullet train billCountry’s 1st bullet train is likely to start running between Mumbai & Ahmedabad by the end of 2022.
- The carrier co-owns the loyalty rewards programme with Etihad Airways
- Copyright:(C)Wed 05 Sep 2018, 11:11:452018Wed 05 Sep 2018, 11:11:45 Bennett Coleman & Co. Ltd, http://info.indiatimes.com/terms/tou.html
- India will likely tell the US that it won’t be able to cut oil imports from Iran after sanctions take effect early November and hopes to “sensitise’’ Washington to the issues faced by the country in this regard, while making it clear that no nation can dictate how its external policy can be run.The foreign and defence ministers of India and the US are meeting in New Delhi on Thursday under the 2 + 2 dialogue to discuss a range of bilateral, regional and global issues.India’s refineries are heavily dependent on supplies from overseas, including Iran, and giving up this cheaper option will be tough when retail prices of fuels are at an all-time high in the country, according to people familiar with the plan. “We want to make the point that India is heavily reliant on oil imports for its consumption needs and 83% of its oil comes from external sources,†an official noted.India will also want to discuss alternative sources of oil with a focus on prices. “Pricing of oil imports is very important for India as a number of factors such as economic growth and inflationary trends are tied to it,†the official said.
- BENGALURU: The threat of personal liability in the event of social media platforms being misused appears to be deterring senior executives from taking up the traditionally coveted job of heading Facebook and WhatsApp in India.Facebook’s last India MD Umang Bedi quit in October last year. It has been almost a year since, but the position remains unfilled. Facebook had at the time announced that Sandeep Bhushan, head of global marketing solutions in India, would be interim MD.For any candidate, the prospects can be worrying. TOI reported last week that an interministerial committee, headed by home secretary Rajiv Gauba, had submitted a report recommending that India heads of global internet and social media giants should face criminal proceedings in case their platforms are used to spread fake news and other sinister campaigns that lead to lynching and riots.Brian Wieser, senior analyst, advertising/media/internet at US-based equity research company Pivotal Research Group, told TOI that the threat of personal liability would deter managerial talent from considering a job, “especially if those individuals have other options, and especially with companies, which are in any way dependent on data covered by the law.â€Facebook’s vice-president for global marketing solutions David Fischer has made trips to India to interview candidates. TOI had reported in May that the candidates included Star India MD Sanjay Gupta, Tata Sky MD Harit Nagpal and Hotstar CEO Ajit Mohan. Four months since, Facebook has been unable to close the position. An email sent to Facebook on the matter did not elicit a response.SENIOR ROLESFB has half a dozen open positions in IndiaKavil Ramachandran, professor & executive director in Thomas Schmidheiny Centre for Family Enterprise, Indian School of Business (ISB) said, “The way Facebook has compromised data privacy expectations of users with the approval of its founder, Mark Zuckerberg has created panic among all at the senior levels, particularly in countries like India where the Facebook group is very vibrant but with very limited powers to influence the global policies of the company. This means that, if something goes wrong due to any action of the headquarters, country executives will be held responsible.â€Facebook has half a dozen open positions in India at senior roles, including the director of global sales organisation, director and head of partnerships, and vertical heads of ecommerce. The managing director position will be at the vice-president level. The latter is a first for India operations, signalling its growing importance. The two previous MDs for India and South Asia â€" Bedi and Kirthiga Reddy â€" were not accorded the VP title. The annual compensation, at $2 million (Rs 14 crore) and stock options, is also significantly higher than what was offered previously.Earlier, the government sent notices to Facebook-owned WhatsApp, warning the company that it will be seen as an abettor in crimes such as mob lynching if it fails to control the spread of fake news.IT minister Ravi Shankar Prasad has warned internet companies that they cannot evade responsibility and accountability to ensure their platforms are not misused on a large-scale to spread incorrect facts projected as news and designed to instigate people to commit crime.
- Directorate General of Civil Aviation (DGCA) has grounded two Jet Airways pilots for reportedly beginning takeoff roll at IGI’s main runway without air traffic control clearance.The incident happened on August 25 when Jet’s Boeing 777 headed to London was assigned the main runway (28) for takeoff. However, instead of waiting at line-up for the ATC clearance, the pilots of 9W 122 inadvertently entered the runway and began takeoff roll without clearance. Luckily, there was no conflicting traffic at that time.Realising the mistake, the pilots rejected the take-off and exited the runway to return to the parking bay.DGCA chief B S Bhullar said, “The cockpit crew (pilots) is off rostered and investigation is on.â€â€œFollowing an aborted take-off on a Delhi-London Heathrow flight last week, Jet Airways has taken its flight crew off flying duty for the purposes of investigation. As per standard procedure, the airline has reported the matter to the regulator and is fully cooperating with the ongoing process,†a Jet spokesman said A senior official of Airports Authority of India sought the report from Delhi operation control on the incident. According to the report, the aircraft (VT-JEM) with 337 passengers was given line up instruction for runway 28 via taxiway W at 1.24pm on August 25.“Pilots missed taxiway W and were again asked to line up on runway 28 via intersection P1. After lining up , the aircraft started rolling without take-off clearance. ATC was warning them by now, when they rejected the takeoff, exited the runway and went back to their bay. The transcript of ATC-pilots conversation has been given to agencies probing the incident,†the report said.On August 3, a Jet Boeing 737 at Riyadh airport tried to take-off using full power from a taxiway parallel to the runway from where it was supposed to get airborne for Mumbai. The aircraft went off paved area of Riyadh Airport.
- Bank of Baroda told the Supreme Court on Tuesday that Amrapali Infrastructure Private Limited was involved in dubious transactions and diverted Rs 2,156 crore with some of the amount transferred to companies managed by family members of the group chairman.The report was prepared under proceedings of Insolvency and Bankruptcy Code initiated against the company by the creditor bank after the company failed to pay it back. Appearing before a bench of Justices Arun Mishra and U U Lalit, additional solicitor general Maninder Singh placed findings of the report on behalf of the bank and pleaded the bench to direct independent audit of all companies of the group.“It is evident from a perusal of the forensic audit report that certain linkages can be established between AIPL and other related parties used for routing of funds amounting to Rs 2,156cr. All these transactions appear dubious and merit further investigation by an independent auditor,†the bank said in its affidavit.It said the transaction review report identified certain transactions which would require further investigation and examination of further documents which had not been made available to RP (resolution professional) despite repeated requests. “This proves the mala fides of the promoters and substantiates the fact that fraudulent transactions had taken place which had not been highlighted by statutory auditors of the company,†it said.The ASG also contended that the statutory auditors of the companies were also aware about the transactions and asked the bench not to rely on the report prepared by them as they were “hand in glove with the real estate companyâ€.The report also pointed out that funds were transferred to shell companies. It said AIPL had given unsecured loan of Rs 288 crore in 2016 to one Jhamp Finance and Leasing Pvt Company, which, it says, “seems to be under indirect control to the AIPL†as its registered address is the same where other companies managed by the chairman’s wife and daughter operate.The report also gives details of transaction of Rs 101 crore as loan with Jotindra Steel and Tubes Ltd in 2015-16, which turned out to be NPA . It said this is also under indirect control of Amrapali as both companies have common directors.The court is also examining the diversion of Rs 2,765 crore of homebuyers’ money for other purposes and termed it “criminal misappropriationâ€. As the forensic report of one of the 40 companies of Amrapali revealed diversion of over Rs 2,100 crore, the total amount diverted by all its companies could be very substantial which could be tracked through forensic auditing. The court agreed with the proposal for an independent audit and posted the case for passing order on September 6.The court also asked the company to furnish all the account details and warned it that its office would be sealed if it is not done.
- Last two years saw a complete rewriting of the order of the market and companies like Airtel shaped themselves as a leaner fighting-fit machine, says Sunil Mittal,
- WASHINGTON: Twitter Inc CEO Jack Dorsey will tell Congress on Wednesday the company "does not use political ideology to make any decisions."Dorsey will testify before the U.S. House of Representatives' Energy and Commerce Committee on Wednesday after Republicans raised concerns about how the social media platform polices content."From a simple business perspective and to serve the public conversation, Twitter is incentivized to keep all voices on the platform," said Dorsey's written testimony, which was made public on Tuesday. He added that a recent company review shows "no statistically significant difference" between how often tweets by Republican and Democratic members of Congress are viewed by Twitter users.
- Woodward's book appears to confirm accounts of a volatile presidency and a mercurial commander in chief
- If Bob Woodward is right
- MPs want inquiry into UK's treatment of foreign students
- Wives plead for jailed Myanmar journalists
- DJI, Porsche, and the Großglockner mountain pass! Does it get much better than this…
- Evernote cuts price of its Premium membership as report suggests it’s in a ‘death…
Wednesday, September 5, 2018
Latest News Headlines Wed Sep 5 11:25:49 IST 2018
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