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    Indian-origin boy, 15, UK's youngest accountant

    Indian-origin boy, 15, UK's youngest accountant


    Ranveer Singh Sandhu, based in south London, has set himself a goal of becoming a millionaire by the time he turns 25 after he set up his first business when he was aged just 12...

    Ranveer Singh Sandhu, based in south London, has set himself a goal of becoming a millionaire by the time he turns 25 after he set up his first business when he was aged just 12 years.
    India witnessed 1.4L a/c hacking attempts every hour in 2018

    India witnessed 1.4L a/c hacking attempts every hour in 2018


    In 2018, India reported about 1.4 lakh account takeover (ATO) login attempts every hour from people using stolen or generated username and password, a latest cyber security report has revealed. India was the second most preferred target destination...

    In 2018, India reported about 1.4 lakh account takeover (ATO) login attempts every hour from people using stolen or generated username and password, a latest cyber security report has revealed. India was the second most preferred target destination after the US, recording more than 120.8 crore ATOs in just the one year.
    Teen sues Apple for $1 billion over theft charge

    Teen sues Apple for $1 billion over theft charge


    A New York student sued Apple for $1 billion, claiming the company’s facial-recognition software falsely linked him to a series of thefts from Apple stores. Ousmane Bah, 18, said he was arrested at his home in New York in November and charged with...

    A New York student sued Apple for $1 billion, claiming the company’s facial-recognition software falsely linked him to a series of thefts from Apple stores. Ousmane Bah, 18, said he was arrested at his home in New York in November and charged with stealing from an Apple store. The arrest warrant included a photo that didn’t resemble Bah, he said in a lawsuit.
    AI flight declared May Day to land in Hong Kong

    AI flight declared May Day to land in Hong Kong


    The scare happened on March 20 when AI 315 was operating from Osaka to Hong Kong with over 170 people on board, before flying back to India. “The aircraft had to hold for very long time before landing and hence due (to) critical fuel, the pilot...

    The scare happened on March 20 when AI 315 was operating from Osaka to Hong Kong with over 170 people on board, before flying back to India. “The aircraft had to hold for very long time before landing and hence due (to) critical fuel, the pilot declared May Day. It was no fault of AI,” said an airline spokesman.
    Indian IT companies raise elite US sales force

    Indian IT companies raise elite US sales force


    In a move to accelerate its localisation efforts, Infosys and Wipro have hired 10,000 and 6,000 people respectively in the US over the last three years. These numbers include 600 sales personnel at Infosys and Wipro each in the US over the last three...

    In a move to accelerate its localisation efforts, Infosys and Wipro have hired 10,000 and 6,000 people respectively in the US over the last three years. These numbers include 600 sales personnel at Infosys and Wipro each in the US over the last three years, who are tasked with adding new customers to its rosters and mining large accounts effectively.
    Wipro BFSI prez Farooq resigns after 5 yrs at helm

    Wipro BFSI prez Farooq resigns after 5 yrs at helm


    Guha has been with Wipro for over 25 years and was the vertical head for BFS Americas in his previous role. He is based in New York and will report to Wipro CEO Abidali Neemuchwala. “Farooq has decided to step down due to health reasons. Shaji will...

    Guha has been with Wipro for over 25 years and was the vertical head for BFS Americas in his previous role. He is based in New York and will report to Wipro CEO Abidali Neemuchwala. “Farooq has decided to step down due to health reasons. Shaji will continue as president in an advisory capacity. We thank him for his valuable contribution over the years and wish him a speedy recovery,” Wipro told TOI.
    SoftBank may invest $2-3bn in Jio: Report

    SoftBank may invest $2-3bn in Jio: Report


    Japan’s Soft-Bank is reportedly looking to make a $2-3 billion investment in India’s fastest-growing telecom firm, Reliance Jio, as Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco...

    Japan’s Soft-Bank is reportedly looking to make a $2-3 billion investment in India’s fastest-growing telecom firm, Reliance Jio, as Mukesh Ambani looks to deleverage business by selling stakes. This comes on the back of reports of Saudi giant Aramco being in discussions to buy a 25% stake in Reliance Industries’ refining and petrochemical business.
    Copper exports dive 70% on Sterlite plant closure

    Copper exports dive 70% on Sterlite plant closure


    The Tuticorin smelter, with an annual production capacity of 4 lakh tonnes, accounted for 40% of the country’s copper smelting capacity. The domestic copper demand was estimated to touch 4.8-5 lakh tonnes by the end of...

    The Tuticorin smelter, with an annual production capacity of 4 lakh tonnes, accounted for 40% of the country’s copper smelting capacity. The domestic copper demand was estimated to touch 4.8-5 lakh tonnes by the end of FY19.
    Premium jumps in RBI’s second rupee-dollar swap

    Premium jumps in RBI’s second rupee-dollar swap


    Under this newly launched liquidity infusion mechanism, banks sell dollars to the RBI and get rupee funds from it with the guarantee that the central bank will return the dollars after three years. So in effect, banks get rupee funds at a time when they...

    Under this newly launched liquidity infusion mechanism, banks sell dollars to the RBI and get rupee funds from it with the guarantee that the central bank will return the dollars after three years. So in effect, banks get rupee funds at a time when they are short on liquidity while the dollars that the RBI buys from the banks add up to the country’s foreign exchange (forex) reserves, thus boosting the rupee’s strength against the greenback.
    Branson's 'close call' with falling metal bar

    Branson's 'close call' with falling metal bar


    The metal bar and banner missed the 68-year-old businessman by a few inches and apparently no one was injured when the accident took place at Virgin MiamiCentral Station in Florida. In the video, Branson can be seen holding strings and the moment he...

    The metal bar and banner missed the 68-year-old businessman by a few inches and apparently no one was injured when the accident took place at Virgin MiamiCentral Station in Florida. In the video, Branson can be seen holding strings and the moment he releases it, both the bar and banner comes down.
    Govt says Jet slots given to others 'temporary'

    Govt says Jet slots given to others 'temporary'


    Jet’s unutilised slots are being given to other airlines so that they can add flights and help bring down runaway fares. However, this led to fears that minus slots, what is the potential value of Jet for any...

    Jet’s unutilised slots are being given to other airlines so that they can add flights and help bring down runaway fares. However, this led to fears that minus slots, what is the potential value of Jet for any investor.
    Oil prices shoot to 2019 highs on Iran crackdown

    Oil prices shoot to 2019 highs on Iran crackdown


    The White House on Monday announced it was calling an end to six-month waivers that had exempted countries from unilateral US sanctions on Iranian oil exports. Starting in May, these countries -- India, China, Turkey, Japan, South Korea, Taiwan, Italy...

    The White House on Monday announced it was calling an end to six-month waivers that had exempted countries from unilateral US sanctions on Iranian oil exports. Starting in May, these countries -- India, China, Turkey, Japan, South Korea, Taiwan, Italy and Greece -- would face sanctions if they continue to buy oil from Iran.
    TikTok ban causing $500,000 daily loss: Bytedance

    TikTok ban causing $500,000 daily loss: Bytedance


    India’s ban on popular Chinese video app TikTok is resulting in “financial losses” of up to $500,000 a day for its developer, the company said in a court filing. TikTok allows users to create and share short videos with special effects and is one...

    India’s ban on popular Chinese video app TikTok is resulting in “financial losses” of up to $500,000 a day for its developer, the company said in a court filing. TikTok allows users to create and share short videos with special effects and is one of the world’s most popular apps. It has been downloaded by nearly 300 million users so far in India.
    P&G India found guilty of profiteering Rs 250cr

    P&G India found guilty of profiteering Rs 250cr


    Based on a complaint filed before the standing committee, the Directorate General of Anti-profiteering (DGAP) investigated the books of accounts of P&G India pre and post November 15, 2017, and concluded that the consumer goods manufacturer has not...

    Based on a complaint filed before the standing committee, the Directorate General of Anti-profiteering (DGAP) investigated the books of accounts of P&G India pre and post November 15, 2017, and concluded that the consumer goods manufacturer has not lowered prices of certain of its products despite cut in GST rate to 18 per cent from 28 per cent.
    410 Jet Airways pilots resigned in 7 months: NAG

    410 Jet Airways pilots resigned in 7 months: NAG


    The National Aviators’ Guild said in a communication to members that 410 pilots had resigned between last September and March 31, 2019 and that the airline now has on its rolls about 1,527 pilots. “Wet lease plans are being looked at and clarity will...

    The National Aviators’ Guild said in a communication to members that 410 pilots had resigned between last September and March 31, 2019 and that the airline now has on its rolls about 1,527 pilots. “Wet lease plans are being looked at and clarity will be provided when modalities will be worked out and a concrete plan is available,” NAG said.
    ICICI-Videocon case: ED summons Kochhars

    ICICI-Videocon case: ED summons Kochhars


    They said while Chanda has been summoned for May 3, Deepak and his brother Rajiv have been asked to depose on April 30 before the investigating officer of the case and record their statements under the Prevention of Money Laundering Act...

    They said while Chanda has been summoned for May 3, Deepak and his brother Rajiv have been asked to depose on April 30 before the investigating officer of the case and record their statements under the Prevention of Money Laundering Act (PMLA).
    To balance Iran loss, India to get oil from other nations

    To balance Iran loss, India to get oil from other nations


    Pradhan said on Twitter that India has put in place a robust plan for adequate supply of crude oil to refineries. "Indian refineries are fully prepared to meet the national demand for petrol, diesel and other petroleum products," he said. Indian refiners...

    Pradhan said on Twitter that India has put in place a robust plan for adequate supply of crude oil to refineries. "Indian refineries are fully prepared to meet the national demand for petrol, diesel and other petroleum products," he said. Indian refiners are increasing their planned purchases from the nations of the Opec, Mexico and the US to hedge against loss of Iranian oil.
    No input tax credit if GST returns not filed: HC

    No input tax credit if GST returns not filed: HC


    Tax experts said that companies were relying on VAT rulings and clearing cash dues to employees and suppliers before paying GST and the ruling will change this practice. "Businesses should be very cautious in understanding the distinction between the VAT...

    Tax experts said that companies were relying on VAT rulings and clearing cash dues to employees and suppliers before paying GST and the ruling will change this practice. "Businesses should be very cautious in understanding the distinction between the VAT position and the GST position as the consequences could be very severe. This decision states this aspect very clearly," said M S Mani, partner at Deloitte India.
    High court nixes CBDT ‘rewards’ plan

    High court nixes CBDT ‘rewards’ plan


    ​​As the financial year 2018-19 was coming to a close, CBDT apprised the court that it would carry out the requisite amendments in the action plan for the next financial year...

    ​​As the financial year 2018-19 was coming to a close, CBDT apprised the court that it would carry out the requisite amendments in the action plan for the next financial year 2019-20.
    SBI cuts rates for electric car loans

    SBI cuts rates for electric car loans


    A statement issued by the bank said that this was in keeping with the government’s objective to ensure that 30% vehicles on the road run on electricity by 2030. SBI has already announced 100% migration towards electric vehicles by 2030 to reduce the...

    A statement issued by the bank said that this was in keeping with the government’s objective to ensure that 30% vehicles on the road run on electricity by 2030. SBI has already announced 100% migration towards electric vehicles by 2030 to reduce the institution’s carbon footprints.