India

05 Oct

Torrent Investment challenges IIHL’s acquisition of Reliance Capital’s assets

Priyanka BhowmickBusiness, IndiaBusiness

Torrent Investments Pvt. Ltd filed an urgent letter in the Supreme Court challenging the March 2 order of the National Company Law Appellate Tribunal, which allowed Reliance Capital's creditors to initiate a second auction as part of the corporate insolvency resolution process. In its three-page letter, Torrent said it sought the apex court's intervention for an urgent hearing and final disposal of its pending appeal, challenging the second round of auctions for debt-laden RCap's assets. In the second auction in April, Hinduja Group's IndusInd International Holding Ltd was the sole bidder. "Any further progress pursuant to the conduct of the…

04 Oct

Meta plans to charge Europeans for ad free Facebook, Instagram

Priyanka BhowmickBusiness, IndiaBusiness, india

Mark Zuckerberg-owned Meta may soon charge users in the European Union (EU) a $14 monthly subscription fee to use Instagram on their phones, unless they allow the social media platform to use their personal data for targeted advertising, The Wall Street Journal (WSJ) reported on Tuesday. Meta will charge users $17 for desktop versions of Facebook and Instagram from next week, the report added. The social media company was fined 390 million euros by Ireland's data privacy commissioner earlier this year and told it could not use the so-called "contractual" legal basis to send ads to users based on their…

04 Oct

₹10 Lakh fine on Amitabh Bachchan for misleading advertisement

Priyanka BhowmickBusiness, IndiaBusiness, india

Traders' body CAIT has filed a complaint with the consumer affairs ministry against a Flipkart ad featuring Bollywood star Amitabh Bachchan in the upcoming Big Billion Days sale, calling the ad "misleading". The traders' body, in a strongly-worded letter, said Bachchan's ad "impacts livelihoods" and "hurts local businesses" and will approach the Information and Broadcasting Ministry if the ad is not withdrawn. CAIT demanded that Flipkart be penalized under the relevant provisions of the Consumer Protection Act for "false or misleading advertisement" and Amitabh Bachchan be fined ₹ 10 lakh. An email sent to Flipkart did not elicit any response.…

03 Oct

Massive tremors felt in Delhi-NCR after 6.2 magnitude earthquake in Nepal

Business CorrespondentIndia

Massive tremors of earthquake were felt in Delhi-NCR and other region of North India on Tuesday(October 3) and the origin point of the earthquake was in the neighbouring country Nepal, according to the National Centre for Seismology. The massive tremors were felt in Delhi and other parts of the national capital region. Delhi-NCR residents felt strong tremors after the second earthquake and evacuated offices and buildings. "We hope you all are safe. Please come out of your buildings to a safe spot, but do not panic. DO NOT USE ELEVATORS! For any emergency help, dial 112," Delhi Police said in…

03 Oct

Google to make laptops in India

Priyanka BhowmickBusiness, IndiaBusiness, india

Google has started manufacturing Chromebooks in India in partnership with HP, the PC maker said on Monday. The Chromebook devices are being manufactured at the Flex facility near Chennai, where HP has been manufacturing a range of laptops and desktops since August 2020. "We are partnering with HP to manufacture Chromebooks in India - these are the first Chromebooks made in India and will make it easier for Indian students to access affordable and secure computing," Google CEO Sundar Pichai informed on X. An HP spokesperson confirmed that production of the Chromebook has begun in India. The new Chromebooks are…

03 Oct

WhatsApp bans 7.4 mn bad accounts in August

Priyanka BhowmickBusiness, IndiaBusiness, india

Meta-owned popular instant messaging app WhatsApp has taken action against over 7.4 million 'bad' accounts in India to comply with the new IT norms of 2021. According to the report, the messaging platform banned at least 7,420,748 accounts in the country between August 1-31. About 3,506,905 of these accounts were actively banned prior to any reports from users. The Meta-owned app, in its monthly compliance report, received a record 14,767 complaint reports in August in India, and a record 71 "actions taken". "Account Actioned" refers to reports where WhatsApp has taken remedial action based on the report and taking action…

02 Oct

Apple India asked to compensate Bengaluru man ₹1 lakh for ‘unfair trade practices’

Priyanka BhowmickBusiness, IndiaBusiness, india

A complaint of unfair trade practices was filed with the Bengaluru Urban District Consumer Disputes Redressal Commission at Shantinagar.The Bengaluru city consumer court has ordered Apple India and its authorized service center located in Indiranagar to pay Rs 1 lakh as compensation to their customers after suing them, The Times of India reported. The compensation includes the price he paid for the purchase of the iPhone and the distress caused to him by Apple India. In October 2021, Awez Khan bought the iPhone 13 which came with a one-year warranty. The phone's battery and speaker of the brand-new phone stopped…

02 Oct

India’s whisky named best among the World’s best whiskies

Priyanka BhowmickBusiness, IndiaBusiness, india

A Made in India whiskey has been selected as the best whiskey brand in the world by Whiskeys of the World. Indri Diwali Collector's Edition 2023 received the 'Double Gold Best in Show' award at one of the world's largest whisky-tasting competitions, where more than 100 varieties of whiskey from around the world compete each year.The Whiskey of the World Awards takes place in rigorous blind tastings across various categories. A panel of some of the top tastemakers and influencers in the Alco-Bev industry announces one whiskey as the best whiskey in each class. Indian peated-class whiskey beat hundreds of…

29 Sep

Vijay Antony promotes Raththam 9 days after daughter’s death

Priyanka BhowmickEntertainment, IndiaEntertainment, india

Music composer and actor Vijay Antony attended the promotions of 'Raththam' a week after the tragic death of his elder daughter Meera Vijay Antony. The actor was present at the film's press conference along with his second daughter Lara. Fans took to X (formerly known as Twitter) to praise his dedication to the craft. Director CS Amudhan took to his social media page to inform that Vijay Antony decided to attend the event to cope with his loss. On September 19, Vijay Antony's elder daughter Meera committed suicide. She was 16 years old. Vijay Antony, his family and his fans…

29 Sep

Manish Malhotra to design Air India crew’s new outfit

Priyanka BhowmickBusiness, Entertainment, IndiaBusiness, Entertainment, india

Designer Manish Malhotra has called his partnership with Air India the start of a "journey of joy and collaboration" to create new uniforms for the airline's staff. Malhotra will design the new look for Air India's 10,000 flight crew, ground staff and security personnel. “It’s an absolute honour to collaborate with @AirIndia, our national flying ambassadors. Reimagining their uniforms is the onset of a journey of joy and collaboration, and I am excited to embark on it,” Malhotra wrote on Instagram. Air India on Thursday said it expects to roll out the new look for its uniformed staff by the…