Miscellany

Miscellany

SFIO questions PNB MD & CEO

The Serious Fraud Investigation Office (SFIO) is widening its probe in the `12,622 crore fraud at state owned Punjab National Bank (PNB).OnWednesday, PNB managing director and chief executive officer Sunil Mehta (in pic) appeared before the SFIO here after being summoned for recording his statement in connection with the fraud. The SFIO which works under the ministry of corporate affairs is also expected to call officials of nearly 31 banks which have an exposure to the companies of diamond traders Nirav Modi and Mehul Choksi.

Profits, doubts in equal measure

This year's Geneva Motor Show comes at a curious time for an auto world enjoying record profits yet also gripped by doubt midway through the grand transition from diesel to electric and self-driving vehicles.

“Geneva really ought to have been a lovely salon,” says, with heavy irony, Ferdinand Dudenhoeffer, director of German-based Center Automotive Research of a Europe’s first major car show of the year running from March 8 to 18.

“But behind the glamour and the finery are plenty of worry wrinkles.”

Gautam Adani’s wealth doubles to Rs 91K crore, 31 Indians turn billionaires this year

In another record-breaking year for billionaires, their total wealth increased by 31 per cent to US$10.5 trillion, equivalent to 13.2 per cent of global GDP, and almost double the seven per cent of global GDP six years ago. The Hurun Global Rich List 2018 ranked 2,694 billionaires from 68 countries and 2,157 companies. As far as India goes, it was a great year for the country as it reclaimed the third place in the list. The country saw 31 new billionaires added to the list this year, taking its overall tally to 131.

Zomato gets $150 million from Alibaba

Hotting up the competition in app-based restaurant search space, Alibaba’s payment firm has invested $150 million in Zomato and another $50 million for secondary purchase of its shares. In the past couple of months, Swiggy had raised $100 million while Foodpanda was acquired by Ola Cabs, which committed an investment of $200 million in the food delivery firm.

Success on YouTube still means a life of poverty

Do your children dream of YouTube star­dom? Do them a fav­o­ur: Crush that ambition now.

New research out of Germany billed as among the first to review the chances of making it in the new Hollywood shows a vanishingly small number will ever break through—just like in the old Hollywood. In fact, 96.5 per cent of all of those trying to become YouTubers won’t make enough money off of advertising to crack the US poverty line, according to research by Mathias Bärtl, a professor at Offenburg University of Applied Sciences in Offenburg.

5G wireless race heats up

The race to bring super-fast 5G wireless services to market is heating up with the first commercial deployments of the much-anticipated technology expected at the end of the year.

Talk about 5G's potential to pave the way to a world of self-driving cars, lightening-fast video downloads and smart cities have dominated the Mobile World Congress for years. But at the event in Barcelona this year, companies were full of concrete announcements of early versions of 5G uses.

How Samsung’s new Galaxy S9 compares with iPhone X

When Microsoft revealed a replacement to Windows 8, it skipped the number 9 and went straight to Windows 10. Apple’s iPhone 8 was followed by the iPhone X (pronounced “ten”). But Samsung refused to follow: The successor to its Galaxy S8 is the Galaxy S9 (and a larger S9 Plus), and it’s coming out in March.

Samsung launches Galaxy S9 with focus on social media

Samsung Electronics unveiled its flagship Galaxy S9 smartphone on Sunday with an emphasis on visual applications for social media, hoping to attract tech-savvy young consumers to weather a market slowdown.

With the global smartphone market set to stay flat

or even shrink after meagre growth of one percent last year, vendors are focusing on features designed to encourage young consumers to ditch their old phones earlier than they would have previously.

Infy shareholders approve Salil Parekh

Infosys shareholders have approved the appointment of Salil S Parekh as chief executive officer and managing director of the company, the company said in a regulatory filing.

As per results of postal ballot and e-voting filed by the IT major, 97.96 per cent shareholders through physical ballot and electronic mode voted in favour of appointment of Parekh on February 20,2017.

Also, 99.98 per cent Infosys shareholders approved appointment of UB Pravin Rao as chief operating officer and whole time director of the company.

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