Fugitive godman Nithyananda forms own nation called ‘Kailaasa’ Controversial self-styled godman Nithyananda, who is on the run after being accused in a rape case, has reportedly formed a new nation of his own called ‘Kailaasa’. Described as the greatest Hindu nation on earth on its website, Kailaasa has its own flag and emblem. source:
Vodafone Idea will shut shop if there is no government relief: KM Birla Vodafone Idea may have to shut if there’s no relief on the statutory dues that the telco has to pay by January end, said chairman Kumar Mangalam Birla. “If we are not getting anything, then I think it is end of story for Vodafone Idea,” Birla said at an event in New Delhi on Friday. “It does not make sense to put good money after bad… We will shut shop.” source:
Axis Bank CFO Jairam Sridharan resigns Axis Bank’s Jairam Sridharan has resigned from the post of group executive and chief financial officer, the lender informed bourses on Friday. The private sector bank said Sridharan would like to pursue other career opportunities and as such has resigned from the services of the bank. “Jairam Sridharan will continue to serve as the group executive and chief financial officer of the bank under his notice period of three months,” Axis Bank said in a release. source:
Indian economy a victim of Modi govt’s shock therapy, says Chris Wood The Indian economy is a victim of Narendra Modi government’s shock therapy since he assumed power in 2014 and conservative investors can assume that it may take four quarters more for it to rebound, and be pleasantly surprised if the recovery comes earlier, wrote Christopher Wood, global head of equity strategy at Jefferies in GREED & fear, his weekly note to investors. That said, his base case remains that the reforms, be it demonetisation, the introduction of goods and services tax (GST), the Real Estate Regulation Act (RERA) or the bankruptcy law, will...
Netflix to invest Rs 3000 crore in Indian original content, CEO Reed Hastings says at HT Leadership Summit 2019 Netflix founder and CEO Reed Hastings announced that the streaming service will spend Rs 3000 crore ‘this year and next’ on producing original content in India. Hastings was speaking at the 17th Hindustan Times Leadership Summit in New Delhi on Friday. Netflix launched in India in 2016, and has since invested in local content in Hindi and other local languages. “Sacred Games travelled all over the world,” Hastings told HT editor-in-chief R Sukumar, tipping his hat to the streamer’s first Indian original series, developed by...
Jagan Reddy Inaugurates KIA Motors Manufacturing Plant in Andhra Pradesh Inaugurating a KIA Motors manufacturing plant, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Thursday said that his government will provide all possible help to the car manufacturer and hoped that the plant will provide employment to people across the state. Addressing the gathering at Erramanchi village in Penukonda town, the chief minister congratulated the Korean Motor giant for starting its unit with world class standards in the backward region and providing employment to the locals. source:
SoftBank will have ‘last laugh’ with WeWork deal, Bernstein says SoftBank Group Corp.’s massive investment in WeWork triggered a multi-billion-dollar writedown and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to work in the end and SoftBank will have the “last laugh.” Chris Lane of Sanford C. Bernstein says WeWork can have a bright future if SoftBank overhauls the business plan and more carefully focuses on the evolution of the corporate office market. He likens WeWork’s business model to Starbucks’s, where branding, consistency and global scale give it an advantage over the competition....
Vistara boss Sanjiv Kapoor blasts troll who criticised flight attendant for sleeping. Twitter hails him Vistara airline’s Chief Commercial Officer Sanjiv Kapoor is being hailed online for coming in support of a flight attendant who was criticised by a flyer for sleeping at an airport lounge. The Twitter user had posted a photo of the Vistara flight attendant taking a nap at the Bengaluru Kempegowda Airport’s lounge and had even tagged Sanjiv Kapoor in the post. The Twitter user with the handle @AviationAnalyst posted the picture and wrote, “Your cabin crew providing negative image of Vistara at BLR domestic lounge...
Hrithik Roshan named sexiest Asian man in the world, actor says ‘not an achievement’ Hrithik Roshan has been named the sexiest Asian man in the world, of 2019 and of the last decade. The actor, 45, has topped the 16th edition of the world-famous list published annually by UK-based newspaper, Eastern Eye. The list is based on multiple factors including votes from fans around the world, the heat generated on social networking sites, positive impact and media attention. Millions from across the globe voted for their favourite celebrities and helped the list trend on Twitter in India, Pakistan and other parts...
Deepika Padukone shares her experience on battling clinical depression Deepika Padukone is one of the most loved actresses in Bollywood. The Piku actor has a commendable career trajectory with several critically acclaimed roles to her credit. She has come really far in her Bollywood journey and is considered amongst the top actresses in the industry. Despite the success, it hasn’t been all easy for the superstar. The actress suffered from clinical depression in the past that she has spoken about in several interviews. To help others, Deepika opened up about her battle with depression in a blog post for New...
