Miscellany

Miscellany

Sonia — the insider in Paytm extortion case

As Paytm founder Vijay Shekhar Sharma’s personal data theft and blackmail drama unravels, police probe reveals that Sonia Dhawan, Sharma’s long-time confidante and personal secretary, played the perfect insider.

Hyundai premieres all new SANTRO

Hyundai, the South Kor­e­a­n car gi­a­n­t, on Tu­e­s­d­ay ­in­t­r­od­u­ced the mu­­ch ­aw­ai­ted all new Sa­ntro, the co­m­pact hatchba­ck, to take on Mar­uti Su­z­uki an­­d others in a fiercely co­m­pe­titive world’s fifth and Asia’s third biggest car market.

With an introductory pri­ce tag starting with Rs 3.90 lakh for the base trim Santro D-Lite and Rs 5.47 lakh for the top Santro Sp­ortz at pan India showro­om, the new mo­­d­­el will take on rivals su­ch as Maruti Su­zuki Wagon R, Maruti Suz­uki Celerio and Tata Motors Tiago.

Hero ties up with Yamaha, Mitsui for a range of e-cycles

Hero Cycles has tied up with Japanese companies Yamaha and Mitsui to launch a whole range of e-cycle pr­o­d­ucts in the Indian mark­et soon. Hero expects th­at e-cycle will take over entire cycle market. As pa­rt of its plans to establish itself in the European ma­rket, He­ro also will be acquiring a German e-bike company next quarter.

“Hero has now tied up with Yamaha and Mitsui and we are going to introduce a full range of products. We will have produc­ts from Rs 1 lakh to Rs 10,000 different br­a­nds and different positioning.

China about to open world’s longest sea bridge

A $20 billion bridge connecting Hong Kong and Macau to the mainland Chinese city of Zhuhai is set to finally open this week, marking the completion of the longest sea-crossing bridge ever built, nine years after construction began.

Chinese president Xi Jinping is expected to attend a ceremony in Zhuhai on Tuesday, along with top officials from Hong Kong and Macau, with the bridge opening to public traffic on Wednesday, the CNN reported on Monday.

#MeToo makes India Inc sit up

The #MeToo movement has come up as a serious wake up call to HR heads of many enterprises across verticals in the country.

Companies do have sexual harassment policies, but most of them are poor when it comes to compliance. Most enterprises do not even know what amounts to sexual harassment, how to investigate such allegations and how to handle the guilty. Also, a large number of employees (both men and women) are unaware of what makes them perpetrators or victims in a sexual harassment case.

OMCs raking in profit as refining margins rise

The government decision to let state-owned oil marketing companies (OMCs) absorb Rs 1 per litre increase in retail price of petrol and diesel is unlikely make a major dent in their revenues as almost all entities are constantly making major gains from a rise in their gross refining margins or GRMs.

GRM is a key measure of profitability for refining firms and is derived by deducting the cost of crude oil they buy from the total market value of the refined products they produce.

Porsche expands Cayenne range

Porsche, the German super sports car maker, has expanded its Cayenne sports utility vehicle range in India to boost sales in Asia’s third biggest car market during the festive season. After introducing the range-topping Turbo model earlier this year, the brand has now launched two more variants of the third-generation model – the base variant and e-Hybrid Cayenne SUV to lure buyers in India. The Cayenne brand accounts for almost 45 per cent of the Porsche product portfolio in India. The country’s luxury car segment is expected to cross 40,000 units in calendar year 2018.

Govt toying with HAM idea to build bus ports

Buoyed by the success of hybrid annuity model or HAM in the highways sector, the Centre has decided to test the innovative funding mechanism in building “bus ports” in every state.

It will soon appoint consultants to decide the contours of the investment format for the private sector in transport infrastructure that has so far been largely the domain of the government. The bus ports, having a component of real estate, would be developed on the lines of airports to improve passenger experience while bringing corporate funding to the sector.

Anna Burns wins Man Booker for Milkman

Author Anna Burns has become the first Northern Irish writer and the first woman since 2013, to win Britain’s reno-wned Man Booker Prize for her novel Milkman.

Judges of the annual a-ward praised the work, an exploration of Northern Ir-eland's three decades of se-ctarian violence told thro-ugh the voice of a young woman, as “utterly distinctive”. “None of us has ever read anything like this before,” said Kwame Anthony Appiah, chair of the 2018 judges.

Infosys will comply with arbitration award, to pay Bansal over Rs 12 cr

Infosys on Tuesday said it will comply with the arbitration award asking the company to pay Rs 12.17 crore and interest to its former chief financial officer (CFO) Rajiv Bansal.

In September, the Arbitral Tribunal of justice (retd) RV Raveendran had communicated the decision with regard to the dispute between Infosys and Bansal, Infosys said in a regulatory filing. “The company has received a legal advice and will comply with the award and make the necessary payments,” it added.

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