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15 January, 2019 4:28 AM Italian firm loses Rs 130 crore to hackers in con job

In perhaps the biggest such online heist, a Mumbai-based Italian firm lost Rs 130 crore to suspected hackers who allegedly convinced its local managers that the money was needed for an acquisition, police said on Monday. The hackers sent emails to the head of the Indian subsidiary of the firm through an email account, which looked similar to that of the group 106

14 January, 2019 1:55 PM OYO aims at 1 mn rooms to become world's 'largest' hotel chain

Hospitality firm OYO Hotels and Rooms on Monday said it is working on a roadmap for 1-million room inventory from the existing count of 4.6 lakh. "We will have one million rooms inventory into our fold in the near distant future. I think, it should happen in a year and a half," OYO CEO, India and South Asia, Aditya Ghosh told PTI. This will help OYO to become 95

14 January, 2019 10:55 AM Hardik Pandya-KL Rahul Controversy: Big Rift In Cricket Panel, BCCI Members Call For SGM

Last week, Diana Edulji had warned CoA chief Vinod Rai of any "cover up" in the Hardik Pandya-KL Rahul inquiry. "In my view, the CoA is duty bound to follow the new constitution and what you are suggesting is neither in consonance with the constitution nor is it as per the legal advice received. It cannot be the case that we follow legal advice only when we consider 78

14 January, 2019 5:33 AM SpaceX CEO Elon Musk Shows Off Prototype of Mars-Bound Rocket, Starship

SpaceX CEO Elon Musk has unveiled the first pictures of a retro-looking, steely rocket called Starship that may one day carry people to the Moon and Mars. Musk posted pictures on Twitter late Thursday of the Starship Hopper prototype, which awaits its first flight test in Texas in the coming weeks. "Starship test flight rocket just finished assembly 134

11 January, 2019 3:35 PM There Should Be No Road Tax On Electric Vehicles, Says Amitabh Kant

NITI Aayog CEO Amitabh Kant said the NITI Aayog has suggested the states do away with road tax and issue green permits for electric vehicles. NITI Aayog CEO Amitabh Kant today said there should be no road tax on electric vehicles to bring the ownership cost of electronic vehicles at par with combustion vehicles. He said the NITI Aayog has suggested the states 112

11 January, 2019 2:56 PM Rajat Monga, foreign bank CEO in race to succeed Rana Kapoor at Yes Bank

New Delhi: Yes Bank executive Rajat Monga and a CEO of a foreign bank have been shortlisted to succeed long-serving Managing Director and Chief Executive Officer Rana Kapoor at the bank, sources said Friday. Monga is the senior group president of financial markets at Yes Bank currently. "There are only two names that have been selected by the bank as final 141

11 January, 2019 1:41 PM Realme 3 to Be Launched in Q1, 48-Megapixel Camera Phone in the Works: Report

Realme could soon expand its portfolio by adding none other than the Realme 3. The Oppo-spinoff currently has four models in its lineup, including the Realme U1, Realme 2, Realme 2 Pro, and Realme C1. Alongside the successor to the Realme 2, Realme is reportedly in plans to bring a 48-megapixel camera phone. That new model could make the competition 134

11 January, 2019 8:02 AM Future Supply Chain to invest Rs 1,000 cr to create food distribution network

Future Supply Chain Solutions will invest Rs 1,000 crore to create India Food Grid, a network of 38 integrated food distribution centres, that will provide pan-India reach. The project is meant to redefine India's complex food and fast moving consumer goods (FMCG) supply chain. "India Food Grid is an ambitious project by us that connects the entire country 72

10 January, 2019 5:46 AM Yes Bank shortlisted CEO names without consulting Rana Kapoor and Madhu Kapur: Report

In 2015, the Bombay High Court ruled that the bank has to follow the Articles of Association and consult both promoters before the appointment of a whole-time director After a long ordeal, the Yes Bank board has independently shortlisted two potential persons for the post of CEO and Managing Director without consulting rival promoters Madhu Kapur and Rana Kapoor 99

9 January, 2019 2:50 PM Amazon CEO Jeff Bezos, wife Mackenzie decide to divorce

Amazon.com Inc Chief Executive Jeff Bezos and wife MacKenzie Bezos have decided to divorce after a long trial separation, Bezos said on January 8 in a joint statement by the couple on Twitter. Amazon.com again became Wall Street's most valuable company this week, surpassing Microsoft Inc. Bezos' fortune has soared to more than $160 billion, thanks to his stake 75