AirAsia comes under CBI scanner for fraudulent transaction scam
The Central Bureau of Investigation has started examining a case of foreign exchange violations against AirAsia India for fraudulent transactions of Rs 22 crore involving non-existent entities in India and Singapore.
Sources in the CBI said that they have not registered a preliminary enquiry or regular case (FIR) in the matter but they are looking into the matter to see if it calls for registering a criminal case. "We are scrutinising the AirAsia documents right now," said the CBI officer.
The issue was flagged by ousted chairman of Tata Sons Cyrus Mistry soon after he was replaced on October 24.
Death sentence for those defecating in the open in MP
Meghnagar Nagar Panchayat in district Jhabua has threatened death for those found defecating in the open a week after sanitation workers hauled up a man and forced him to clean his shit with his own clothes in Ujjain.
The Hoardings read "agar karoge khulle mein shauch, to jaldi di jayegi maut" (If you defecate in the open, you will soon get death).
The hoarding has Mahatma Gandhi's photo holding a stick in his hand while the words 'Swachh' and 'Bharat' written in Hindi popping out from his spectacles that have been strategically placed above the death threat.
Dec 2016 - Apple Store's biggest sales month in history
Apple's App Store had its biggest month of sales in the history of the store in December 2016, according to Phil Schiller, the company's senior vice president of worldwide marketing.
Schiller said that the App Store made $3 billion in revenue in December, from a combination of in-app purchases, paid downloads, and fees for subscriptions.
He also said that the App Store, which first launched back in 2008, has ballooned to 2.2 million apps; and that app makers were paid out $20 billion dollars in 2016, up 40% from a year ago.
Freshers see 85% jump in Rs 6 lakh-plus salary in 2016: Survey
The previous year saw a significant jump in pay package for freshers over 2015 and along with that the number of jobs, which offered with a salary package of over Rs 6 lakh, also grew by 85%, says a survey.
In a survey by job assessment firm Aspiring Minds, conducted by fresher jobs portal Myamcat.com, the range of salaries offered to the candidates (graduates with 0-2 years of experience) varied between Rs 1-30 lakh per annum, while most number of salary offers were in the range of Rs 2-3 lakh per annum.
Cancer detection start-up Grail to raise $1 billion in Series B funding
Early-stage cancer detection start-up Grail has said that it received indications from investors to raise a whopping $1billion in Series B funding. This puts Grail in the league of companies like Facebook, Uber and AirBnB.
Grail intends to raise additional capital in the Series B financing and for this reason has engaged Goldman Sachs as a placement agent in connection with the contemplated additional financing.
Started a year ago, Grail has been backed to the tune of $100 million by marquee investors like Bezos Expeditions, Bill Gates and others.
Amazon.in's seller base in grew by 160 per cent in 2016
Amazon.in's seller base in 2016 grew by 160 per cent from the previous year.
Amazon.in till date has attracted over 140,000 sellers (160 per cent year-on-year growth) across India to the marketplace, Amazon said in a statement.
"2016 was a monumental year for Amazon India... Expansion of our seller services offerings and focus on seller enablement and seller capability building initiatives to enable more and more sellers to benefit from the digital economy and succeed online, was our core focus in 2016," Gopal Pillai, Director & GM, Seller Services Amazon India said.