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Showing posts from August, 2018

Jeff Bezos, Warren Buffett bet on a $250 billion unclaimed internet market

India’s long-neglected retail market is turning into one of the world’s hottest thanks to  Warren Buffett ,  Jeff Bezos  and a frenzy of billion-dollar dealmaking. Walmart Inc. just wrapped up a $16 billion agreement for control of the country’s leading e-commerce player,  Flipkart  Online Services Pvt., while Bezos’ Amazon.com Inc. negotiates deals with a large supermarket chain and an investment in a prominent retail conglomerate, according to local media. This week, Buffett’s  Berkshire Hathaway  Inc. agreed to acquire a stake in the company behind digital payments leader Paytm. Why the sudden interest in India? The new optimism is fueled by rising standards of living, increases in smartphone usage and cheap data plans that are boosting internet penetration across the nation. Perhaps most important,  India  is the last big retail market still up for grabs, with an internet economy projected to double to $250 billion by 2020. "It’s a race for leadership,” said Anil

Rs 85 parking fee at Sardar Vallabhbhai Patel International airport may become history

The authorities are presently working on a new system which is likely to take away the 10-minute free period, causing inconvenience to the users. Authorities at Sardar Vallabhbhai Patel International airport (SVPI) have discontinued the services of outsourced car parking management agency after they received hordes of complaints in connection to the toll-booth. The authorities are presently working on a new system which is likely to take away the 10-minute free period, causing inconvenience to the users. Sources at the airport said the plan for charging a nominal fee is being worked out. In the present system, any car that spends more than ten minutes in the terminal bay pays Rs 85. Users and passengers also complain of long queues that forces them to shell out Rs 85, despite returning within the stipulated time. "We are now working on a system where we may charge Rs 20 or more on every entry, as a normal fee without any cap on the timing. But the details are bei

The World's Highest-Paid Actors 2018: George Clooney Tops List With $239 Million

The 57-year-old tops Forbes’ annual ranking of highest-paid actors, which tallies both onscreen and extracurricular earnings in our 12 month scoring frame. Last June, British liquor conglomerate Diageo announced it would purchase Casamigos for   $700 million upfront with the potential for an extra $300 million over the next decade.   For Clooney, that meant an estimated $233 million pretax from Casamigos, plus additional earnings from endorsements and older movies. Gallery: The World's Highest-Paid Actors 2018 12 images View gallery "If you asked us four years ago if we had a billion dollar company, I don’t think we would have said yes,”   Clooney told CNBC when the deal was announced . Casamigos was founded in 2013 by actor and director Clooney, nightlife entrepreneur Rande Gerber and real estate tycoon Mike Meldman. According to a source close to the business, the trio invested $600,000 apiece and owned equal stakes in the company according prior t

Lucknow: On Bakra-Eid, People To Cut Cakes, Not Goats

Earlier on Wednesday, the Uttarakhand High Court today imposed a ban on slaughter of goats, sheep or buffaloes in the open or in public on the occasion of Eid-ul-Juha directing authorities to ensure it is done only in abattoirs. New Delhi : As the nation prepares to celebrate Eid al-Adha, people in Lucknow have opted to celebrate the day differently. In Lucknow, a bakery is selling cakes with pictures of goats printed on it which they will cut instead of sacrificing an animal. ‘The custom of sacrificing an animal on Bakrid is not right. I appeal to everyone to celebrate the festival by cutting a cake instead of an animal,’ a buyer was quoted as saying by news agency ANI. The final days of hajj coincide with the Eid al-Adha holiday, or "Feast of Sacrifice," to commemorate Abraham's test of faith. Muslims slaughter livestock and distribute the meat to the poor. Earlier on Wednesday, the Uttarakhand High Court today imposed a ban on slaughter of goats, sheep or buffa

Why india won’t accept foreign donations for Kerala

HIGHLIGHTS While India was extremely grateful for the offers, its own resources would be used to rebuild Kerala This does not, however, extend to private contributions pouring in from all over the world During the Uttarakhand floods in 2013, the UPA government too politely refused foreign aid NEW DELHI: India will not accept the generous help that has been offered by foreign governments after the floods in Kerala. The UAE, Qatar and Maldives have all pledged assistance to India for relief, rehabilitation and reconstruction in the state. But high-level sources said that while India was extremely grateful for the offers, its own resources would be used to rebuild Kerala. India will say "thank you" but "no thank you" as internal resources are mobilized. This does not, however, extend to private contributions pouring in from all over the world, given the huge diaspora from Kerala. Sheikh Mohammed bin Rashid Al Maktoum, the  UAE's PM, of

Bakrid 2018: Date In India, Importance And Foods For Eid Al-Adha Festival

Bakrid 2018 or Eid al-Adha 2018 will be celebrated on August 22 this year. Eid al-Adha is also known as the 'festival of sacrifice' and is the second of the two Muslim annual holidays celebrated worldwide. Here's everything you needed to know about the festival! Updated : August 21, 2018 12:38 IST Story Highlights Bakra Eid 2018 will be celebrated on August 22 in India Bakrid is celebrated to commemorate Prophet Ibrahim's sacrifice Mutton delicacies are central to Eid al-Adha's celebratory feast. Bakrid 2018 or Eid al-Adha 2018, will be celebrated in India on August 22 2018, as per a government circular. The festival, which will be celebrated by followers of Islam all around the world, is also known as Eid al-Adha that literally translates to "Feast of the Sacrifice". Bakrid is also known as the 'festival of sacrifice' and is the second of the two Muslim annual holidays celebrated worldwide. Muslims commemorate Bakrid to mark

Scarlett Johansson is Forbes’ highest paid actress, Deepika Padukone falls off list

Scarlett Johansson has topped Forbes magazine’s annual list of the world’s highest paid actresses’ 2018 list. Johansson made over $40 million (Rs 280 crore) and starred in three films between June 2017 and June 2018 - a voice role in Wes Anderson’s  Isle of Dogs , the R-rated comedy Rough Night and as Black Widow in   Avengers: Infinity War . Johansson starred in the box office bomb   Ghost in the Shell   in March, 2017. There is no Indian on the list with Deepika Padukone falling off the list too. She toppled Emma Stone off the number one spot on the list, quadrupling her 2017 earnings. Her being a part of the record-breaking third Avengers film, and the upcoming Avengers 4 is the biggest contributor to her rise up the ranks. “The percent of budget cost have certainly skewed heavy, particularly on the Avengers movies, to cast now, whereas maybe in the early ones it was more visual effects or below the line,” the Forbes report quotes Kevin Feige, Marvel Studios Presiden