Markets regulator SEBI imposed a penalty of Rs 1 crore on former Yes Bank MD and CEO Rana Kapoor for not making disclosures about Morgan Credit's transaction. You can read the details of the case here.
Legal win for Vodafone
British telecom major Vodafone has won the case against India over a retrospective tax demand. The Permanent Court of Arbitration at the Hague has ruled that the conduct of India's tax department is in breach of "fair and equitable" treatment. Read here.
Many people try hard to save or invest a percentage of their income. But just sticking to a popular thumb rule isn’t enough. Read here to know why this doesn’t work always and what you can do about it.
Nix in a fix
Alexander Nix, the former boss of Cambridge Analytica, the political consulting firm brought down by a scandal over how it obtained Facebook users’ private data, has been banned from holding company directorships for seven years. Read the details here.
WeChat faces trouble in US
The US Justice Department is seeking an immediate ban on downloads of WeChat in Apple and Google app stores, saying the Chinese-owned messaging service is a threat to the security of the country. Read this report to find out why the US government is worried about WeChat.
Fund boost for ShareChat
Homegrown content sharing platform ShareChat has announced a $40 million fund raise from Pawan Munjal of Hero MotoCorp, and Ajay Shridhar Shriram of DCM Shriram. Read here to know how the fresh funds will expedite ShareChat’s expansion.
It’s time to kick the butt
Philip Morris International CEO Andre Calantzopoulos said cigarette sales could end within 10-15 years in many countries with support from civil society. The company that manufactures brands like Marlboro is pushing towards “smoke-free” products now. Read here.