The Enforcement Directorate alleged that Jet Airways founder Naresh Goyal structured a number of tax evading schemes and siphoned off huge funds in foreign jurisdictions. ED had carried out searches on Friday at a dozen locations of Goyal, his firms and partner agencies in Mumbai and Delhi on charges of alleged contravention of foreign exchange law.
Apple was renowned for its secrecy when run by Steve Jobs. The situation is different now with the final design leaking four months before Apple even unveils the phone. Following the leak about Apple’s decision to add a triple camera setup on the rear of the iPhone 11, we know virtually everything about Apple’s upcoming trio of flagship smartphones
Praising Finance Minister for her measures to boost economy, the industrialist Anand Mahindra said that “willingness to relook at policies is a display of strength, not weaknesses.” He also expressed hope that with the new measures the Govt would start new, interactive & interdependent relationship between Govt and business.
In a view to revive ailing economy, Finance Minister Nirmala Sitharaman has announced a slew of financial measures aimed at boosting private sector. Centre has decided to remove the surcharge on Foreign Portfolio Investors and will front-load the Rs 70,000cr of capital infusion in public sector banks. Auto industry will get a short-term bail-out scheme.
Hasbro Inc is expanding into infant and preschool market as it will buy Entertainment One Ltd, the owner of popular TV shows like Peppa Pig and PJ Masks. Hasbro is a toymaker and will buy Entertainment One Ltd for about $4 billion in cash. It has also linked up with Paramount Pictures and Walt Disney and has seen a bost with Marvel's Avengers toys.
Fugitive diamond merchant Nirav Modi has been further remanded in judicial custody till Sept 19. Modi is wanted in India in connection with the nearly USD 2bn Punjab National Bank fraud and money laundering case. He appeared before a UK court on Thursday via videolink from his London prison in a routine call-over hearing in his extradition case.