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highlights
Shoppers Stop allots Rs 179.26cr shares to Amazon
Retail chain Shoppers Stop has allotted shares worth Rs 179.26 crore to Amazon.com NV Investment Holdings, an investment arm of Amazon.com. According to a BSE filing by the company, it has issued of 43,95,925 equity shares of Rs 5 each at a price of Rs 407.78 per equity share, aggregating around Rs 179.26 crore, to Amazon.com NV Investment Holdings.
The private placement committee of Shoppers Stop at its meeting held on January 12 had approved the allotment of the equity shares. The company had entered into an agreement with Amazon.com Investment Holdings in September for the purpose of issuing equity shares on a preferential basis.
Current and former Uber security staffers cast doubt on spying claims
The former security chief of Uber Technologies swore in a closed legal proceeding that he knew of no attempts to steal trade secrets from anyone, including Alphabet’s self-driving unit Waymo, and would be “shocked” if that had occurred. In a deposition taken in mid-December near San Francisco, Joe Sullivan, Uber’s security chief from 2015 to 2017, said that the most explosive claims made by another former Uber employee of unethical and illegal behaviour by members of his security team were false. The testimony, described to Reuters by people familiar with it, came in connection with a lawsuit brought by Waymo which accuses arch rival Uber of stealing trade secrets.
Shoppers Stop allots Rs 179.26cr shares to Amazon
Retail chain Shoppers Stop has allotted shares worth Rs 179.26 crore to Amazon.com NV Investment Holdings, an investment arm of Amazon.com. According to a BSE filing by the company, it has issued of 43,95,925 equity shares of Rs 5 each at a price of Rs 407.78 per equity share, aggregating around Rs 179.26 crore, to Amazon.com NV Investment Holdings.
The private placement committee of Shoppers Stop at its meeting held on January 12 had approved the allotment of the equity shares. The company had entered into an agreement with Amazon.com Investment Holdings in September for the purpose of issuing equity shares on a preferential basis.
Hollywood actor Richard Gere arrives at Mahabodhi Temple to attend the teachings of Tibetan spiritual leader the Dalai Lama in Bodh Gaya on Saturday. PTI
Tibetan spiritual leader the Dalai Lama offer prayers under the sacred Bodhi tree at Mahabodhi Temple in Bodh Gaya on Saturday. PTI
Cabinet ministers should 'speak up' like SC judges: Yashwant Sinha
Firing a fresh salvo at the government, disgruntled BJP leader Yashwant Sinha asked his party colleagues and ministers to "get rid of their fear" and "speak up for democracy" like the four Supreme Court judges who came out publicly against the chief justice, reports PTI. The former Union minister referred to the comments of the four judges to claim that the prevailing atmosphere was like the Emergency in 1975-77 and voiced concern over short parliamentary sessions.
If Parliament is compromised, the Supreme Court is not in order, then democracy is threatened, he said. Sinha said, "if four senior most Supreme Court judges say democracy is under threat, we have to take their words very seriously." "Every citizen who feels for democracy should speak up. I will ask party (BJP) leaders and senior Cabinet ministers to speak up. I will appeal to them to get rid of their fears and speak up," he said.
China urges hotels to review websites as 'country' crackdown grows
China’s tourism authority has urged accommodation companies to review their websites and apps to fix what Beijing deems to be inaccurate labelling of Taiwan or other Chinese-claimed territories as countries, reports Reuters.
The move expands the Chinese government’s efforts of recent days to police how foreign businesses refer to parts of China, or territories claimed by Beijing, including Taiwan and Hong Kong - even if only in pull-down menus on websites.
On Thursday the government suspended Marriott International’s Chinese website for a week to punish the world’s biggest hotel chain for listing Tibet, Taiwan, Hong Kong and Macau as separate countries in a customer questionnaire.
Current and former Uber security staffers cast doubt on spying claims
The former security chief of Uber Technologies swore in a closed legal proceeding that he knew of no attempts to steal trade secrets from anyone, including Alphabet’s self-driving unit Waymo, and would be “shocked” if that had occurred. In a deposition taken in mid-December near San Francisco, Joe Sullivan, Uber’s security chief from 2015 to 2017, said that the most explosive claims made by another former Uber employee of unethical and illegal behaviour by members of his security team were false. The testimony, described to Reuters by people familiar with it, came in connection with a lawsuit brought by Waymo which accuses arch rival Uber of stealing trade secrets.
A total of 32 students have been rescued from the boat that capsized 2 nautical miles from the Dahanu coast. The search and rescue operations were still underway.
At least three people were killed on Saturday after a Pawan Hans helicopter carrying seven persons crashed off the Mumbai coast. The helicopter was carrying five ONGC officials and two pilots. The three bodies were recovered by Indian Coast Guard ship Agrim, but they were not immediately identified, reports News18.
Tech giant Google has removed more than 60 gaming apps, which targeted kids, from its Google Play Store. The games were said to have contained malware that showed pornographic ads.
IDFC Bank, Capital First announce merger, share swap ratio at 139:10
IDFC Bank today announced a merger with non-banking financial company Capital First after a board meeting held earlier today approved the arrangement. The swap ratio has been set at 139:10 (for 10 equity shares Of Capital First, 139 Shares of IDFC Bank will be allotted).
As part of the deal, Bipin Gemani, the Chief Financial Officer of IDFC Limited has resigned from the company and will now be joining as the interim CFO of IDFC Bank. V Vaidyanathan, currently Chairman and MD of Capital First, will succeed Rajiv Lall as MD and CEO of the combined entity upon completion of the merger and necessary regulatory approvals.
In a press statement, the bank said this announcement is pursuant to IDFC Bank's stated strategy of ‘retailising’ its business to complete their transformation from a dedicated infrastructure financier to a well-diversified universal bank, and in line with Capital First’s stated intention and strategy to convert to a universal bank.
At least 4 people are reported to have died after their boat capsized near Dahanu, Maharashtra. The boat, carrying 40 students, capsized two nautical miles from the seashore of Dahanu. Around 25 persons have reportedly been rescued so far and the search is still on for the rest, ANI reported on Saturday.
Ind vs SA Second Test: Host win toss, elect to bat at Centurion
SpaceX Dragon, the cargo spacecraft carrying approximately 4,100 pounds of NASA cargo, science and technology demonstration samples from the International Space Station (ISS) was set to splash down in the Pacific Ocean on Saturday, according to Hindustan Times report.
Supreme Court Bar Association has dismissed any possibility of impeachment of Chief Justice of India Dipak Misra
According to a News18 report, the SC Bar Association has dismissed any possibility of impeachment of Chief Justice Dipak Misra saying the four senior-most judges “concealed more than they revealed” in their unprecedented press meet on Friday.
Hours later, senior advocate Vikas Singh, the President of the Supreme Court Bar Association, told News18 the “press meet has only led to speculation” and “that the letter (from the judges to the CJI) had nothing to reveal”.
Michael Wolff's book "Fire and Fury: Inside the Trump White House" is said to have debuted at No. 1 on The New York Times' best sellers list, according to a CNN tweet.
Finance Minister Arun Jaitley is reportedly holding a meeting right now with the Chairman & Members of the 15th Finance Commission at his office in North Block
Five wrestlers, who were returning from a local competition, were among six persons killed when a tractor rammed into their SUV at Sangli district in western Maharashtra early today, police said.
Seven persons were injured in the accident, they said.
A helicopter with ONGC employees on board, which took off from Juhu airport this morning hasn't landed on the designated oil rig. There is no information on the helicopter, reports TOI
An ANI tweet says Investigation wing of Income Tax Dept has made a seizure worth Rs 21.2 crore, including Rs 8 crore cash, bullion & jewelry from U & I Vaults Limited. Total seizure from this vault now stands at Rs 85.2 Crore: IT Sources
Salut Old Monk! The spiritual teetotaler Kapil Mohan and how the legendary drink came into being
Supreme Court of India Judges vs Chief Justice of India
# PM Modi's Principal Secretary, Nripendra Misra meets Chief Justice of India Dipak Misra.
# Supreme Court Bar Association to hold a meeting at 5 PM. Bar President Vikas Singh to brief media at 6 PM.
# Rahul Gandhi demands 'high level' investigation into the death of Justice B H Loya
# Read Anna Hazare's comment on the issue
# Here's how the legal fraternity reacted
Here's a look at ISRO's journey in the last one year
ED raids at Karti Chidambaram's residence
The raids started around 7:30 am, both P Chidambaram and Karti Chidambaram are not in Chennai.
The raids are a part of an ED investigation into a money laundering case registered last year against Karti Chidambaram. The agency had raided properties of Karti’s close aides in Chennai and Kolkata on December 1.
The ED had, in September, also had attached Rs 1.16 crore worth of assets of Karti, who is being probed for allegedly receiving kickbacks in lieu of Foreign Investment Promotion Board (FIPB) clearance in the Aircel Maxis deal when his father was the Union Finance Minister in the UPA government.
Aircel-Maxis Case: The Enforcement Directorate is conducting raids at Karti Chidambaram’s premises in Delhi and Chennai.
Here's a quick look at last evening's major headlines:
Your passports may no longer serve as address proof
Infosys President Rajesh Murthy resigns citing personal reasons
Questions Supreme Court judges raised need to be looked into, says Rahul Gandhi
India hopes UK-EU divorce won't be 'very acrimonious': Suresh Prabhu
Mallya's defence team raising issues to delay extradition: Kiren Rijiju
Supreme Court judges' comments expose unholy nexus: Anna Hazare
Forex reserves scale new high of USD 411.124 billion
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