Samsung’s Lee: Tainted titan who built a global tech giant

Seoul, October 25 In February 1993, five years after taking over from his father at South Korea’s Samsung Group, 51-year-old Lee Kun-hee was frustrated that he wasn’t making his mark. He summoned a group of Samsung Electronics executives to a Best Buy store in Los Angeles for a reality check…

View More Samsung’s Lee: Tainted titan who built a global tech giant

Samsung chairman Lee Kun-hee, head of South Korea’s biggest conglomerate, dies at 78

Seoul, October 25 Lee Kun-hee, charismatic leader of Samsung Group, South Korea’s biggest conglomerate, died on Sunday, the company said, six months after he was hospitalised for a heart attack. Lee, who was 78, helped grow his father Lee Byung-chull’s noodle trading business into a powerhouse, with dozens of affiliates…

View More Samsung chairman Lee Kun-hee, head of South Korea’s biggest conglomerate, dies at 78

ITR 2019-2010: Deadline for income tax returns extended for individual taxpayers till 31 December

ITR 2019-2010: Deadline for income tax returns extended for individual taxpayers till 31 December Source: Firstpost…

View More ITR 2019-2010: Deadline for income tax returns extended for individual taxpayers till 31 December

Flipkart buys 7.8% stake in Aditya Birla Fashion

New Delhi, October 23 Walmart-owned Flipkart will buy a 7.8% stake in Aditya Birla Fashion and Retail for Rs 1,500 crore as it taps into the offline retail player’s large bank of apparel outlets to bolster its presence in the high-margin fashion business. Billionaire Kumar Mangalam Birla’s retail business will…

View More Flipkart buys 7.8% stake in Aditya Birla Fashion

Water heater makers warm up for winters

Vijay C Roy Tribune News Service Chandigarh, October 23 Having experienced a setback amid the Covid pandemic, which affected the sale of fans during summers, the home appliances makers are banking on the northern region for water heaters. The region contributes 40% to total sales across the country. The Indian…

View More Water heater makers warm up for winters

Second wave of COVID-19 could hamper nascent recovery: RBI Governor

Mumbai, October 23 RBI Governor Shaktikanta Das has said the risk of a second wave of COVID-19 could put sand in the wheels of the nascent recovery while his deputy M D Patra opined that it might take years to regain the output lost on account of the pandemic. These…

View More Second wave of COVID-19 could hamper nascent recovery: RBI Governor

Govt to sell up to 15 pc stake in Rail Vikas Nigam Ltd via OFS

New Delhi, October 23 The government is planning to sell up to 15 per cent stake in the Rail Vikas Nigam Ltd (RVNL) and has invited bids from merchant bankers for managing the share sale process. “The GoI intends to disinvest up to 15 per cent paid up equity capital…

View More Govt to sell up to 15 pc stake in Rail Vikas Nigam Ltd via OFS

India gets chairmanship of ILO governing body after a gap of 35 years

Ravi S SinghTribune News ServiceNew Delhi, October 23 After a gap 35 years, India has assumed the Chairmanship of the Governing Body of International Labour Organization (ILO). Apurva Chandra, Secretary, Labour and Employment, has been elected as the Chairperson of Governing Body of ILO for the period October 2020-…

View More India gets chairmanship of ILO governing body after a gap of 35 years

Tesla ‘full self-driving’ vehicles can’t drive themselves

Detroit, October 23 Earlier this week, Tesla sent out its “full self-driving” software to a small group of owners who will test it on public roads. But buried on its website is a disclaimer that the USD 8,000 system doesn’t make the vehicles autonomous and drivers still have to supervise…

View More Tesla ‘full self-driving’ vehicles can’t drive themselves

Rupee ends 7 paise lower against US dollar

Mumbai, October 23 The rupee depreciated 7 paise to close at 73.61 (provisional) against the US dollar on Friday even as the domestic equity market was trading with significant gains. At the interbank forex market, the local unit opened weak at 73.62 against the US dollar and remained stressed for…

View More Rupee ends 7 paise lower against US dollar

Rupee slips 11 paise to 73.65 against US dollar in early trade

Mumbai, October 23 The rupee slipped 11 paise to 73.65 against the US dollar in opening trade on Friday, tracking stronger American currency overseas. At the interbank forex market, the domestic unit opened weak at 73.62 and dropped further to 73.65 against US dollar in early deals, showing a fall…

View More Rupee slips 11 paise to 73.65 against US dollar in early trade

Sensex jumps over 200 pts in early trade; Nifty tops 11,950

Mumbai, October 23 Equity benchmark Sensex jumped over 200 points in early trade on Friday, tracking gains in index majors HDFC twins, ICICI Bank and TCS amid positive cues from global markets. The 30-share BSE index was trading 228.56 points or 0.56 per cent higher at 40,787.05, and the broader…

View More Sensex jumps over 200 pts in early trade; Nifty tops 11,950

Markets back to winning ways; auto, power stocks rally

Mumbai, October 23 Domestic equity markets on Friday resumed their northward journey after a day’s hiatus, with gains mainly in auto, power and consumer durable shares offsetting losses in IT and realty stocks. The BSE benchmark Sensex settled 127.01 points or 0.31 per cent higher at 40,685.50; and the broader…

View More Markets back to winning ways; auto, power stocks rally

ONGC wins 7 oil blocks, OIL 4 in latest bid round

New Delhi, October 22 State-owned Oil and Natural Gas Corp (ONGC) has won seven out of the 11 oil and gas exploration blocks offered for bidding in the latest licensing round, upstream regulator Directorate General of Hydrocarbons (DGH) said on Thursday. Oil India Ltd (OIL) won the remaining four blocks,…

View More ONGC wins 7 oil blocks, OIL 4 in latest bid round