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Category Archives: Business

Business

GDebt Recovery Tribunal allows banks to recover Rs 9,000 crores from Vijay Mallya

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The Bengaluru based Debt Recovery Tribunal has allowed banks cheated by Vijay Mallya to take steps to recover the Rs 9,000 crores owed to them by wilful defaulter Mr. Mallya. The Presiding officer at the tribunal passed an order that the banks can recover Rs 6,203.35 crores from Vijay Mallya, Kingfisher Airlines Limited, United Breweries Holdings Limited and Kingfisher Finvest. ... Read More »

Courts in USA question Mark Zuckerberg about software theft

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Mark Zuckerberg, founder and CEO of Facebook, one of the world’s richest men, is being question in a courtroom as a witness in a case involving the theft of technology done by Occulus, a company owned by Facebook. ZeniMax, a video game developer has sued Occulus, for using its intellectual property without its permission. Occulus was acquired by Facebook for ... Read More »

Parliamentary panel raps RBI Governor Urjit Patel over demonetization

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RBI Governor Urjit Patel faced criticism from members of the Parliamentary Standing Committee on Finance on Wednesday, after he failed to provide answers to queries related to demonetization. “Patel was unable to tell us how much money has come back to the banks,” said Saugata Roy, TMC MP. “The governor was unable to tell us that how much old currency ... Read More »

Flipkart’s valuation slides again

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Flipkart has had a very tough 2016 and had received a major shock when its founder was eased out of the CEO’s role recently, by an investor’s pick. Its cycle of bad news continues as its valuation was downgraded by an investor by a whopping 4% to $9.9 billion. Flipkart has been facing tough competition from American Multi National Corporation ... Read More »

Mr. Chandrasekaran appointed as new chairman of Tata Sons.

India’s biggest multinational Tata Sons got its new Chairman, Mr. Natarajan  Chandrasekaran Tata sons is $100 billion company. On 12th January 2017, Mr. Chandrasekaran was announced as New Chairman of Tata Sons after many months. Chandrasekaran is 53 years old who is currently chief executive of IT outsourcing giant Tata Consultancy Services. The company is already engaged in legal battle ... Read More »

IMF cuts India’s GDP growth rate to 6.6% due to demonetization

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The Washington D C based International Monetary Fund (IMF) has cut India’s Gross Domestic Product (GDP) growth rate from 7.6% to 6.6% for the year 2016 – 2017. This comes days after the World Bank also downgraded India’s GDP growth rate. The IMF has said that it downgraded the growth forecast for India due to the temporary negative consumption shock ... Read More »

ATM Cash Withdrawal limit increased to Rs 10,000 per day: RBI

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Much to the delight of citizens, the RBI today announced the increase in the cash withdrawal limit from ATMs. People can now withdraw Rs 10,000 per day per card. This would be applicable with immediate effect. Earlier the withdrawal limit from ATMs was Rs 4,500. However, RBI has not made any changes to the weekly withdrawal limits, which remains to ... Read More »

8 richest men of the World own as much as 50% of the poorest of the World

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The eight richest Dollar billionaires of the World have money equal to what 50% of the poorest men of the World have. The list of richest men was led by Microsoft Chairman Bill Gates also had fashion retailer Inditex owner Amancio Ortega, Warren Buffet – the founder of billionaire investment company Berkshire Hathaway, Mexican telecom tycoon Carlos Slim Helu, Jeff ... Read More »

Mr. Chandrasekaran appointed as new chairman of Tata Sons.

NewsPatrolling.com : India’s biggest multinational Tata Sons got its new Chairman, Mr. Natarajan  Chandrasekaran Tata sons is $100 billion company. On 12th January 2017, Mr. Chandrasekaran was announced as New Chairman of Tata Sons after many months. Chandrasekaran is 53 years old who is currently chief executive of IT outsourcing giant Tata Consultancy Services. The company is already engaged in ... Read More »

N Chandrasekaran to be the Chairman of Tata Sons

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After a lot of controversy and regular blame-game between office of Cyrus Mistry and Ratan Tata, Tata Sons finally have a new chairman. TCS Chief Executive Officer (CEO) and Managing Director (MD) N Chandrasekaran has been named as the new Chairman of Tata Sons. The position was vacant after public sacking Cyrus Mistry. N Chandrasekaran is popularly called as ‘Chandra’ ... Read More »

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