BUSINESS

US working with nations to ensure their purchase of Iranian oil from comes down to zero: Official

‘US working with nations to ensure their purchase of Iranian oil comes down to zero’

October 17, 2018 1:48 am

Washington: The Trump Administration is working with countries on a case by case basis to ensure that their purchase of oil from Iran comes down to zero as soon as possible, a top US official said. President Donald Trump in May pulled the US out of the 2015 nuclear accord, saying it had “failed to […]

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Middle East

India, US have goal of denying Iran money it needs to destabilise Middle East: Official

October 17, 2018 1:36 am

Washington: The US and India have a goal of denying Iran the money it needs to destabilise the Middle East, a top American official said after his visit to New Delhi for talks over slashing India’s Iranian oil imports ahead of the November 4 deadline. President Donald Trump in May pulled the US out of […]

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Judge approves Elon Musk settlement with SEC

Judge approves Elon Musk settlement with SEC

October 17, 2018 12:37 am

New York: A federal judge is approving a settlement between Elon Musk and federal regulators over his infamous tweet about taking Tesla private. The Securities and Exchange Commission argued the tweet was misleading and harmed investors who bought stock in the electric car company as a result. The company is not going private. Tesla and […]

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Google staff discussed ways to fight Trump's Muslim travel ban: Report

Google offers solutions to avoid more EU Android fines

October 17, 2018 12:33 am

Brussels: Google formally offered its solutions to avoid more EU mega-fines Wednesday, after Brussels accused the US tech giant of illegally abusing the dominance of its Android operating system for mobile devices. The European Commission in July hit Google with its biggest ever fine, imposing a 4.34 billion euro (USD 5 billion) penalty, giving the […]

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RBI releases norms for facilitating money transfer among e-wallets

RBI releases norms for facilitating money transfer among e-wallets

October 17, 2018 12:14 am

Mumbai: The Reserve Bank Tuesday released operational guidelines to facilitate payments among prepaid instruments (PPI) such as mobile wallets, a move aimed at promoting money transfer between e-wallets and digital transactions. The guidelines elaborate on requirements for achieving inter-operability for mobile wallets, cards and norms for customer protection and grievance redressal. According to the guidelines, […]

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kidnap

Uber eyes valuation topping USD 100 bn in share offering: sources

October 16, 2018 11:58 pm

New York: Uber is eyeing a valuation above USD 100 billion for its much-anticipated share offering due in 2019, which would be the biggest-ever in the tech sector, sources familiar with the plan said Tuesday. The sources told AFP the global ridesharing giant is considering speeding up its plans for an initial public offering (IPO) […]

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Infosys

2 decade stint at Infosys deeply satisfying: CFO Ranganath

October 16, 2018 11:50 pm

Bengaluru: Infosys CFO M D Ranganath Tuesday said his two decade stint at the company was deeply satisfying where he played a broad spectrum of leadership roles, from being a strategist and managing finance. However, the last three years as Chief Financial Officer was especially satisfying as it was a crucial period for Infosys, he […]

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Satyam scam: Sebi passes modified order with respect to 3 individuals

Satyam scam: Sebi passes modified order with respect to 3 individuals

October 16, 2018 11:41 pm

New Delhi: In the Satyam Computer scam, Sebi Tuesday passed a partially-modified order with respect to the period of debarment from securities market and disgorgement of illegal gains made by three officials of the erstwhile IT firm. The latest directions pertain to three officials — Vadlamani Srinivas (ex-CFO), G Ramakrishna (ex-vice president) and VS Prabhakara […]

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Absconding industrialist Vinay Mittal extradited from Indonesia

Absconding industrialist Vinay Mittal extradited from Indonesia

October 16, 2018 8:18 pm

New Delhi: Absconding industrialist Vinay Mittal, wanted in seven bank fraud cases worth Rs 40 crore, has been extradited to India from Indonesia, officials said Tuesday. His name had figured in the list of prominent fugitive economic offenders of the Government which contained names of Vijay Mallya, Nitin Sandesara, Nirav Modi, Mehul Choksi, Jatin Mehta […]

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coal scam

Coal scam: Court allows Naveen Jindal to travel abroad

October 16, 2018 7:31 pm

New Delhi: Congress leader and industrialist Naveen Jindal, an accused in a coal scam case, has been allowed by a special court to travel abroad for business purposes. Special CBI Judge Bharat Parashar on Monday allowed the plea filed by Jindal, seeking the court’s permission to visit Japan from October 15 to 19. The court, […]

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