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Hundreds of TikTok employees previously worked for Chinese state media: Report

Published on Aug 14, 2022 11:54 PM IST
The LinkedIn profiles reviewed by Forbes reveal significant connections between TikTok's parent company, ByteDance, and the propaganda arm of the Chinese government, which has been investing heavily in using social media to amplify disinformation that serves the Chinese Communist Party.
Jennifer Banks, a spokesperson for ByteDance, said that ByteDance makes "hiring decisions based purely on an individual's professional capability to do the job. (REUTERS/Mike Blake/File Photo)
Jennifer Banks, a spokesperson for ByteDance, said that ByteDance makes "hiring decisions based purely on an individual's professional capability to do the job. (REUTERS/Mike Blake/File Photo)
ANI |

Saudi Aramco unveils record $48.4 billion profit in Q2

  • Net income leapt 90 percent year-on-year for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5 billion for Q1.
The quarterly profits, the highest since Aramco's record-breaking IPO, beat a company-compiled analyst forecast of $46.2 billion.(AFP)
The quarterly profits, the highest since Aramco's record-breaking IPO, beat a company-compiled analyst forecast of $46.2 billion.(AFP)
Published on Aug 14, 2022 05:43 PM IST
AFP |

Bitcoin trades above $25,000 for first time since mid-June

The largest cryptocurrency gained 1.6% to $24,882 around 4 a.m. New York time after rising over 2% to trade above the $25,000 mark. It’s still down 46.5% year-to-date.
Bitcoin surpassed $25,000 for the first time since mid-June.
Bitcoin surpassed $25,000 for the first time since mid-June.
Published on Aug 14, 2022 02:19 PM IST
Bloomberg |

Britain suddenly sees huge population giving up their pets. Here's why

The trend, which follows a surge in demand for pets during COVID-19 pandemic lockdowns in a country known for its love of animals, comes as households brace for energy bills to more than triple in January on last year, hammering people's incomes.
Pet dogs wearing England themed accessories in this file photo.(REUTERS)
Pet dogs wearing England themed accessories in this file photo.(REUTERS)
Published on Aug 14, 2022 12:33 PM IST
Reuters |

‘Inspired an entire generation’: World of business on Jhunjhunwala's death

  • Known for his mastery in trading of stocks for long-term investing, Rakesh Jhunjhunwala was a self-made trader who rose to become one of the most influential market voices in India.
Billionaire Rakesh Jhunjhunwala is one of the co-founders of Akasa Air.(FIle Photo)
Billionaire Rakesh Jhunjhunwala is one of the co-founders of Akasa Air.(FIle Photo)
Updated on Aug 14, 2022 12:44 PM IST

‘A colossal loss’: Air India's message to Akasa Air on Rakesh Jhunjhunwala

Jhunjhunwala was among the co-founders of Akasa, India's newest airline, which commenced operations on August 7.
Rakesh Jhunjhunwala (twitter.com/airindiain)
Rakesh Jhunjhunwala (twitter.com/airindiain)
Updated on Aug 14, 2022 12:12 PM IST
By, New Delhi

Rakesh Jhunjhunwala’s legacy grew richer with Akasa Air, India’s newest airline

Rakesh Jhunjhunwala died on Sunday morning in Mumbai. He was 62. His death led to outpouring of condolences from across the country.
Rakesh Jhunjhunwala seen in a file photo. 
Rakesh Jhunjhunwala seen in a file photo. 
Updated on Aug 14, 2022 12:53 PM IST

5 quotes by 'India's Warren Buffet' Rakesh Jhunjhunwala to inspire investors

Veteran investor Rakesh Jhunjhunwala was a leading icon in India's stock markets scene. In his time, Jhunjhunwala has shared many words of wisdom that will continue to inspire the aspirants of the trade.
Rakesh Jhunjhunwala, Partner, Rare Enterprises, poses after an interview in Mumbai.(REUTERS)
Rakesh Jhunjhunwala, Partner, Rare Enterprises, poses after an interview in Mumbai.(REUTERS)
Updated on Aug 14, 2022 11:21 AM IST
Written by Sharmita Kar | Edited by Swati Bhasin

Rakesh Jhunjhunwala: The 'Big Bull', Akasa Air co-founder | 5 things to know

  • Often referred to as 'India's Warren Buffett' and the Big Bull of Indian markets, Jhunjhunwala's net worth was USD 5.8 billion, according to Forbes.
Rakesh Jhunjhunwala forayed into an industry that has suffered significant losses due to the ongoing coronavirus pandemic.
Rakesh Jhunjhunwala forayed into an industry that has suffered significant losses due to the ongoing coronavirus pandemic.
Updated on Aug 14, 2022 10:40 AM IST

Billionaire investor Rakesh Jhunjhunwala dies at 62

Rakesh Jhunjhunwala death: The veteran investor was one of the co-founders of Akasa Air, India's newest budget airline.
Rakesh Jhunjhunwala death: Billionaire Rakesh Jhunjhunwala's Akasa Air is still in a nascent stage. (FIle Photo)
Rakesh Jhunjhunwala death: Billionaire Rakesh Jhunjhunwala's Akasa Air is still in a nascent stage. (FIle Photo)
Updated on Aug 14, 2022 10:47 AM IST
By, New Delhi

Reliance Infrastructure net loss narrows to 66.11 crore in June quarter

The company had clocked a consolidated net loss of 95.15 crore in the corresponding period of the previous fiscal, it said in a regulatory filing to the BSE.
Reliance Infrastructure's total consolidated income during the quarter under review rose to <span class='webrupee'>₹</span>6,349.34  crore as against <span class='webrupee'>₹</span>4,623.17 crore in the year-ago period.
Reliance Infrastructure's total consolidated income during the quarter under review rose to 6,349.34  crore as against 4,623.17 crore in the year-ago period.
Published on Aug 13, 2022 06:22 PM IST
PTI |

Average office rent up 8% in Delhi-NCR in January-June this year: Report

In its latest report 'India Market Watch Office – H1 2022', Savills mentioned that the Delhi-NCR witnessed gross absorption of 5.6 million square feet in H1 (January-June) 2022, up by 194 per cent from H1 2021.
Overall, absorption in Delhi went down from 4 per cent in H1 2021 to 2 per cent in H1 2022.(Representative image)
Overall, absorption in Delhi went down from 4 per cent in H1 2021 to 2 per cent in H1 2022.(Representative image)
Published on Aug 13, 2022 06:04 PM IST
PTI |

Advisory firm recommends against reappointment of Vijay Sharma as Paytm CEO

The Institutional Investor Advisory Services (IiAS), in its report on August 9, said that Sharma had made several commitments in the past to make the company profitable, but these never played out
Vijay Shekhar Sharma Founder and CEO, Paytm.(Livemint file photo)
Vijay Shekhar Sharma Founder and CEO, Paytm.(Livemint file photo)
Published on Aug 13, 2022 05:51 PM IST
By | Written by Harshit Sabarwal, New Delhi

Competition Commission nod for merger of HDFC Bank with parent HDFC Ltd

In April, the country's largest housing finance company HDFC Ltd announced that it will merge with HDFC Bank.
Pedestrians walk by an HDFC Bank Ltd. branch in Mumbai.(Bloomberg)
Pedestrians walk by an HDFC Bank Ltd. branch in Mumbai.(Bloomberg)
Published on Aug 13, 2022 04:35 PM IST
PTI | | Posted by Yagya Sharma

Russian promoted Indian oil refinery posts record profit of about $447 million

Nayara posted a net profit of about 35.64 billion rupees($447.5 million) in the June quarter compared to a net loss of 1.39 billion rupees a year earlier, it said in a late evening stock exchange filing on Friday.
Pic for representation(REUTERS)
Pic for representation(REUTERS)
Published on Aug 13, 2022 01:07 PM IST
Reuters |

Income tax payers barred from enrolling in Atal Pension Yojana from Oct 1

The government introduced Atal Pension Yojana on June 1, 2015, to provide social security to workers mainly in the unorganised sector. Subscribers of the scheme get a minimum guaranteed pension of 1,000 to 5,000 per month after attaining 60 years of age depending on their contributions.
In case a subscriber, who joined on or after October 1, 2022, is subsequently found to have been an income tax payer on or before the date of application, the Atal Pension Yojana account shall be closed and the accumulated pension wealth till date would be given to the subscriber.
In case a subscriber, who joined on or after October 1, 2022, is subsequently found to have been an income tax payer on or before the date of application, the Atal Pension Yojana account shall be closed and the accumulated pension wealth till date would be given to the subscriber.
Updated on Aug 13, 2022 12:28 PM IST
PTI |

Corporate tax collection jumps by 34% between April and July this year

The tax department said that the collections in 2021 were higher than the collections in financial year 2018-19 (pre-Covid) by over nine per cent.
The corporate tax collections during FY 2022-23 (till 31st July, 2022) register a robust growth of 34% over the corporate tax collections in the corresponding period of FY 2021-22.(Representative image)
The corporate tax collections during FY 2022-23 (till 31st July, 2022) register a robust growth of 34% over the corporate tax collections in the corresponding period of FY 2021-22.(Representative image)
Published on Aug 13, 2022 11:11 AM IST

How to deposit money in your National Pension Scheme account via UPI?

At present, contributions to the pension scheme account were available using net banking. With the introduction of UPI method, the contributions have become easy and flexible.
The Pension Fund Regulatory and Development Authority has launched a UPI handle for depositing contribution.
The Pension Fund Regulatory and Development Authority has launched a UPI handle for depositing contribution.
Published on Aug 13, 2022 10:31 AM IST
By | Written by Aryan Prakash

No GST on residential unit if rented out for personal use: Finance ministry

The government’s official Twitter handle has also clarified that renting a residential unit is taxable only when it is rented to a business entity.
The finance ministry official also clarified that no GST will be charged on food items sold loose (Mint File Photo/Pradeep Gaur)
The finance ministry official also clarified that no GST will be charged on food items sold loose (Mint File Photo/Pradeep Gaur)
Published on Aug 12, 2022 07:50 PM IST

Retail inflation falls to 6.71% for July: Govt data

In June, retail inflation was at 7.01 per cent and it stood at 5.59 per cent in July 2021.
HT file photo
HT file photo
Updated on Aug 12, 2022 06:33 PM IST
PTI |

Confused whether you need to pay GST on rented house? Centre clears the air

The Centre said renting of residential unit taxable only when it is rented to business entity.
The Centre has issued a clarification on whether you need to pay GST on rented house. 
The Centre has issued a clarification on whether you need to pay GST on rented house. 
Updated on Aug 12, 2022 04:49 PM IST
By | Written by Aryan Prakash

Huawei earned $44.8 billion, revenue down 5.9 percent in first half of 2022

Weak global demand due to the pandemic, as well as a 2019 US blacklisting that snarled its supply chains, have hurt the company's device business, which sells smartphones and laptops, says company's spokesperson.
Chinese tech giant Huawei said Friday, Aug. 12, 2022 its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions.(AP)
Chinese tech giant Huawei said Friday, Aug. 12, 2022 its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions.(AP)
Published on Aug 12, 2022 04:44 PM IST
AFP | | Posted by Yagya Sharma

Johnson & Johnson drops talc based baby powder in 2023, shifts to cornstarch

The health conglomerate, which maintains the product is safe, has for almost a decade faced lawsuits accusing it of hiding cancer risks tied to its talc-based baby powder. The company had earlier dropped its legacy tac-based baby powder-from the US and Canada in 2020 as the lawsuits piled on.
Talcum powder has long been used in baby products because the mineral keeps skin dry and prevents diaper rash.(REUTERS)
Talcum powder has long been used in baby products because the mineral keeps skin dry and prevents diaper rash.(REUTERS)
Updated on Aug 12, 2022 07:36 PM IST
Bloomberg | | Posted by Yagya Sharma

Sensex up 130 points to close at 59,462; Nifty ends session at 17,699

  • Sensex up 130 points to close at 59,462; Nifty ends session at 17,699.
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
Published on Aug 12, 2022 03:35 PM IST

HP Spectre x360 16 is a rare big laptop that’s beautiful too, with no rivalry

The pricing of HP Spectre x360 16 gives a significant advantage over the Dell XPS 15 and the Dell XPS 17
The HP Spectre x360 16 has absolutely no problem with typical productivity apps and workflows. (HT Photo)
The HP Spectre x360 16 has absolutely no problem with typical productivity apps and workflows. (HT Photo)
Updated on Aug 12, 2022 02:02 PM IST

IRCTC revenue jumps by 250% in first quarter of this fiscal

IRCTC has said that 11.58 crore tickets were booked online resulting in the convenience fee income of 210 crore in the first quarter of the financial year.
IRCTC has registered a massive profit of 250 per cent.
IRCTC has registered a massive profit of 250 per cent.
Updated on Aug 12, 2022 02:10 PM IST
By | Written by Aryan Prakash

More than 7% Indians owned cryptocurrency in 2021: UN trade body report

The report by the UNCTAD (United Nations Conference on Trade and Development), said the increase in use of cryptocurrencies had increased exponentially globally because of the Covid pandemic.
In India, the Reserve Bank of India (RBI) has said that cryptocurrencies are a clear danger.(iStock. Representative image)
In India, the Reserve Bank of India (RBI) has said that cryptocurrencies are a clear danger.(iStock. Representative image)
Published on Aug 12, 2022 12:38 PM IST
Written by Harshit Sabarwal | Edited by Chandrashekar Srinivasan, New Delhi

Putin’s war hurls Russia's economy back four years in one quarter

In a bleak tally of the war for Russia, an economy that was picking up speed at the start of 2022 swung into a contraction during the second quarter.
Russian President Vladimir Putin.(AP)
Russian President Vladimir Putin.(AP)
Published on Aug 12, 2022 12:27 PM IST
Bloomberg |

Do you need to pay GST on rented house? Check new rules applicable from July 18

Earlier, rent of residential properties till July 17, 2022 was exempted from GST irrespective of whether the tenant or landlord is registered or not. But from July 18, a tenant who is registered will be liable to pay GST on renting a property for residential purposes.
You will have to pay 18 per cent GST on the rented residential property. 
You will have to pay 18 per cent GST on the rented residential property. 
Published on Aug 12, 2022 11:16 AM IST
By | Written by Aryan Prakash
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