The Times Of India Business
'Reveal ‘originator’ of unlawful msg in 72 hrs'
Social media and global internet giants such as Facebook, WhatsApp, Twitter, Instagram and YouTube will not be able to withhold information on the source of unlawful and inflammatory messaging beyond 72 hours when asked by investigating and cybersecurity agencies, and will need to be more mindful and prompt to the requests of their subscribers, particularly women, on the removal of objectionable content.
No check-in bag? Prepare to fly cheap on flights
Flying within the country without any check-in baggage could soon get much cheaper. Light fares offered by airlines for passengers with only cabin baggage, before the two-month domestic flight suspension last March, could be lower by a maximum of Rs 200 from the lowest level check-in baggage inclusive fares.
After Rs 25 hike, LPG refill price up Rs 100 in Feb
Household cooking gas became costlier by Rs 25 on Thursday, marking the third increase this month, taking the total increase to Rs 100 per cylinder. The increase comes on a day benchmark Brent crude hit a 13-month high at $67.70 and global LPG (liquefied petroleum gas) has spiked on higher demand due to the recent cold wave that swept across the US and Europe.
Cheque bounce: SC asks Centre if it can set up add'l courts
In order to reduce pendency of cheque bounce cases which have reached 35 lakh across courts, the Supreme Court on Thursday asked the Centre whether it can create additional courts for expeditious disposal of such matters.
UK court orders extradition: What's next for Nirav Modi
A London court on Thursday ruled that fugitive diamond merchant Nirav Modi could be extradited to India in connection with the Punjab National Bank (PNB) scam case. Once extradited to India, Nirav Modi will face charges of fraud, money laundering, alleged intimidation of witnesses and disappearance of evidence.
Budget marks directional change for economy: FM
Union finance minister Nirmala Sitharaman on Thursday said this year's budget has negated the notion that welfare state is a socialist prerogative, and added that it has given a directional change to the Indian economy, wherein the government trusts wealth creators and citizens.
From flashy diamantaire to fugitive: Nirav Modi's long road to extradition
Nirav Modi's story up until the UK court verdict on Thursday, just two days before his 50th birthday, is one of stark contrasts. From someone flush with diamonds, quite literally, as a member of a Gujarati family of gem traders who grew up in the European jewellery hub of Antwerp in Belgium, to ending up holed up in a jail cell in one Europe's most overcrowded prisons.
Government's guidelines on social media regulation: Key points
The Centre on Thursday released guidelines for regulating social media and OTT platforms. Briefing the media, Union ministers Ravi Shankar Prasad and Prakash Javadekar welcomed social media platforms to do business in India and praised them for garnering popularity and good number of users. They also hailed the platforms for empowered ordinary Indians.
GameStop rallies again; some puzzle over tweet
GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after a fierce rally and steep dive that upended Wall Street in January.
Sensex rises over 500 points in opening trade; Nifty above 15,000
Equity indices jumped in opening trade on Monday with benchmark BSE sensex rising over 500 points amid positive global cues.The 30-share BSE index was up 535 points or 1.05 per cent at 51,316; while the broader NSE Nifty trading 159 points or 1.06 per cent higher at 15,140.
Australia passes law to make Google, Facebook pay for news
The legislation was designed to curb the outsized bargaining power of Facebook and Google in their negotiations with Australian news providers. The digital giants would not be able to abuse their positions by making take-it-or-leave-it payment offers to news businesses for their journalism.
Beating Covid blues, number of Indian billionaires increases
Number of High Net Worth Individuals (HNWI), having wealth of over $1 million, and Ultra High Net Worth Individuals (UHNWI), with wealth of more than $30 million, declined by 8% and 2% to 3.5 lakh and 6,884 respectively in 2020 due to Covid-19.
Consult us before notifying OTT norms: Industry body
The Internet and Mobile Association of India has sought public consultations with the government on guidelines for OTT streaming platforms before they are notified. In a statement on Wednesday, IAMAI said it was “dismayed” to see reports that the government intends to notify guidelines for OTT streaming platforms shortly.
NSE faces over 5-hr glitch, puts traders on edge
The National Stock Exchange (NSE), India’s largest bourse, suffered an over five-hour tech glitch from about 10am on Wednesday. The incident prompted the markets regulator Sebi to step in and extend trading hours by an hour and half till 5pm.
Indian arm of Mexican company buys Modern Foods
Singapore-based private equity firm Everstone Capital has sold Modern Foods to Mexico’s Grupo Bimbo and its Indian subsidiary Ready Roti India. The financial details of the deal were not disclosed. Grupo Bimbo, the world’s largest baking company, operates in 33 countries, including India, and has a portfolio of over 13,000 products and more than 100 brands.