Forbes India rich list: Ambani richest with $38 bn net worth, Premji 2nd

Mukesh Ambani remains India’s wealthiest with a net worth of $38 bn, Azim Premji distant second

Latest Current Affairs : Indeed, even as the nation is confronting financial hiccups and the administration confronting reactions from different quarters over its treatment of the economy, the wealthiest individuals in India don’t appear to be influenced. Despite organizations confronting troubles in the consequence of the administration’s demonetisation of high-esteem cash last November and its rollout of the products and enterprises assess (GST) administration in July this year, India’s 100 wealthiest big shots have seen their joined total assets zooming to an incredible $479 billion, up 26 for each penny from $374 billion out of 2016.

As per the Forbes‘ yearly rundown of India’s 100 wealthiest big shots, Reliance Industries Chairman Mukesh Ambani remains the nation’s wealthiest, with a total assets of $38 billion, Wipro Chairman Azim Premji is a far off second on the rundown with precisely a large portion of the riches. His total assets remains at $19 billion.

Here are the top 10 richest Indians by net worth on Forbes annual list of India’s 100 richest tycoons:

Electric sparks: M&M flags issues with Tata Motors e-car pricing

Pawan Goenka says not sure about selling cars in phase-II

M&M, which is competing with rival Tata Motors Electric Cars in the country’s largest electric car tender, said the company finds it “difficult” to comprehend the latter’s pricing in the tender. Tata Motors quoted a price of Rs 10.16 lakh for its electric Tigor sedan in the tender for 10,000 electric cars when M&M offered to sell its e-Verito at approximately Rs 12 lakh (both prices are exclusive of the goods and services tax).

“This pricing is difficult for us to comprehend given the fact that we have been in the business for more than five years and have good knowledge about the industry,” Pawan Goenka, managing director at M&M, said in a conference call on Thursday.

Also Read : Tata Motors Wins Bid To Sell 10,000 Electric Cars

Tata Motors emerged as the lowest bidder in the tender and is selling 250 of the order for 400 units in the first phase. EESL, which invited the bids, gave M&M an opportunity to match the price of the electric Tigor, following which the firm would supply 150 units in first phase that ends on November 30. Goenka, however, said they would not make any profit on the order.

Goenka said he was not aware if Tata Motors was able to offer the price based on a volume commitment to its vendors. He drew a distinction between the e-Verito and the electric Tigor. He said the e-Verito was a proper sedan with a bigger length (4.24 metre) against the sub-4 metre length of the Tigor. “Our vehicle has a range of 170-180 km upon full charge, which is more than the specified range of 130 km in the tender,” he said. Read More

You can buy Google Pixel 2 in India for Rs 61,000 from November: Key facts

Pixel 2 will be priced at Rs 61,000 for 64GB variant and Rs 70,000 for 128GB. Pixel 2 XL 64GB will cost Rs 73,000 and Pixel 2 XL 128GB will be available for Rs 82,000.

Betting big on the best combination of artificial intelligence (AI), software and hardware, Google on Wednesday launched Google Pixel 2 and Pixel 2 XL smartphones and refreshed Daydream View virtual reality (VR) headset for India.

Pixel 2 comes in just black, clearly white and kinda blue colours while Pixel 2 XL has just black and black and white variants.

Pixel 2 will be priced at Rs 61,000 for 64GB variant and Rs 70,000 for 128GB. Pixel 2 XL 64GB will cost Rs 73,000 and Pixel 2 XL 128GB will be available for Rs 82,000.

The pre-orders commence on October 26. The devices will be available in over 1,000 stores across the country and on Flipkart starting November 1 (Pixel 2) and November 15 (Pixel 2 XL).

Pixel 2 comes with a 5-inch and Pixel 2 XL with a 6-inch Full-HD OLED displays with Portrait Modes on both rear and selfie cameras.

Rated 98 by independent camera testers DXO, the rear camera comes with Optical Image Stabilisation (OIS) and Electronic Video Stabilisation (EVS) technology to remove shaky photos and videos.

The camera can also click "Live Photos" by recording up to three seconds of footage.

It also has AR Stickers and Pixel users would get free unlimited storage on Google Cloud to store photos and videos in the original quality. The devices have IP67 rating making them water and dust resistant. Read Full Article >>>

Rajnish Kumar to be new SBI chairman

Kumar is at present one of the four managing directors at SBI, looking after the National Banking Group

Current Affairs News : Rajnish Kumar become on Wednesday named the new chairman of countrybank of India (SBI), the country’s biggest lender. He would take over from modern-day Chairman Arundhati Bhattacharya, who will complete her 4–yr time period on Friday.

Rajnish Kumar, 59, is at introduce one of the four overseeing chiefs at SBI, caring for the National Banking Group — which covers the retail, SME and horticulture business verticals. He had joined the bank in 1980. The Appointments Committee of the Cabinet affirmed his arrangement as the SBI director for a time of three years from the date of assuming control over the charge on or after October 7, a request issued by the Department of Personnel and Training (DoPT) said.

Handling the issue of progressing determination of terrible advances and HR to guarantee smooth working of operations after the merger of partner banks will be the two best needs all through his innings. Supporting development through expanded loaning would likewise figure unmistakably on motivation, SBI aggregate officials said.

He is considered more to be a practitioner with an emphasis on activity, said a center level SBI official. | Readmore…

Adityanath raises Hindutva pitch in Kerala, accuses Left of 'jihadi' terror

Mounting a blistering attack on the Left, the Uttar Pradesh CM said it was its nature to grab power at gunpoint

 

The BJP on Wednesday fielded Yogi Adityanath as part of its campaign against the killing of saffron activists allegedly by the ruling CPI-M in Kerala, where the firebrand Hindutva leader accused the Left party of promoting “jihadi terrorism”

Mounting a blistering attack on the Left, he said it was its nature to “grab power at gunpoint”.

The saffron-robed Uttar Pradesh Chief Minister also raked up the contentious issue of ‘Love Jihad’, accusing the Kerala government of not taking steps to check the “dangerous trend”.

Leading the ‘Jan Raksha Yatra’, a day after BJP president Amit Shah launched the party’s 15-day campaign for “people’s protection”, Adityanath said Kerala occupied an important place in the Sanatan Hindu tradition, and wondered how the “foreign ideology” of Communism entered the state.

“The CPI(M) raises slogans about secularism but promotes jihadi terrorism. Kerala is a holy land where this is unacceptable. Here only the nationalist ideology should be promoted,” he told a public meeting, raising the Hindutva pitch while seeking to highlight the killing of BJP-RSS workers.

Adityanath claimed that the God’s own country, as Kerala is often called, has been witnessing political violence sponsored by the ruling party.

“It is in the nature of the Left party to grab power at gunpoint,” he told PTI.

“There is no scope for violence in democracy, but, unfortunately, Kerala has been witnessing politically- sponsored violence. With this ‘yatra’, we will make people aware of the CPI-M’s misrule,” he said.

He said if the CPI-M believes in democracy, it will have to answer questions about the political killings taking place in Kerala….READ MORE

RBI removes walls between e-wallets, soon a Paytm user can transact with a MobiKwik user

Inter-operability to help players increase business

To make the use of digital cash more prevalent and convenient, a digital wallet user would soon be able to accept cash from the user of another Ewallet, because of the Reserve Bank of India (RBI) tweaking its guidelines.

Current Affairs News : For example, a Paytm wallet user would soon be able to accept cash from a PhonePe wallet user.

Opening up the strings of digital wallets, the RBI on Wednesday said it would issue revised directions by October 11 to allow “inter-operability” among prepaid payment instruments (PPIs). These include digital wallets, prepaid cash coupons and prepaid telephone top-up cards. PPIs are a substitute for paper currency.

It is expected that PPIs can inter-operate within six months of the revised directions, the RBI said in its “Statement on Developmental and Regulatory Policies”.

ALSO READ: RBI pauses, revises growth forecast down sharply

The RBI said the feedback received was examined and it was decided to rationalise the operational guidelines with a view to encouraging competition and strengthening security of operations, besides improving customer grievance redressal mechanisms.

The first guidelines for issuance and operation of PPIs came in April 2009 with the objective to create an ecosystem. In March, the RBI asked for feedback on the PPI industry. At present, two people using the same digital wallet can do transactions; in less than six months, people using digital wallets from different companies would be able to send and receive money from each other. Read More

Good news for IT cos! US resumes premium processing of H-1B visa categories

H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise

The US has resumed premium processing of H-1B work visas in all categories, months after it was suspended temporarily to handle the huge rush of applications for the work visas popular among Indian IT professionals.

Premium processing of H-1B visa was suspended in April to handle huge rush of new petitions. In September, the country opened up some categories of the H-1B visas for the fast processing.

"Premium processing is now available for all types of H- 1B petitions," US Citizenship and Immigration Services (USCIS) said yesterday.

Also Read : New Rs 100 notes coming next year, printing to begin in April

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year.

As mandated by the Congress every year USCIS can issues a maximum of 65,000 H-1B visas and 20,000 to those who have earned higher education in STEM subjects from a US higher educational institution.

H-1B visas to several categories like those in academic and research institutes is exempted from the Congressional mandated limit.

When a petitioner requests the agency's premium processing service, USCIS guarantees a 15-calendar day processing time. Read More

GATE 2017-18: Last date to apply is October 5

Candidates can check the update at gate.iitg.ac.in. GATE 2018 Examination is on February 3, 4, 10 and 11 of 2018 (Saturdays and Sundays).

The last day to apply for the Graduate Aptitude Test in Engineering (GATE 2018) application is October 5 (Thursday). The registration process began on September 1 (Friday). Candidates can check the update at gate.iitg.ac.in. GATE 2018 Examination is on February 3, 4, 10 and 11 of 2018 (Saturdays and Sundays).

GATE is a national-level entrance examination held for admission into Postgraduate Programmes (Master's & Doctoral - M.E., M. Tech, PhD) at IITs, IISc, IISERs and other reputed institutions. Many Govt. PSUs such as IOCL, PGCIL, NTPC, BHEL, BARC, ISRO, CSIR, DRDO and private organizations also use GATE scores for recruitment purposes. GATE is jointly administered by Indian Institute of Science (IISc) and seven zonal Indian Institutes of Technology (IITs) for Ministry for Human Resource and Development (MHRD) Govt. of India. Each year one of these institutes conduct GATE on a rotational basis, in 2018 GATE will be conducted by IIT Guwahati. The exam will be taken by IIT Guwahati for twenty three subjects or papers and would be distributed over the aforementioned dates.

Eligibility Parameters: Candidates should have completed Bachelor's degree in Engineering or Master's degree in Science (B.E. / B.Tech/ B.Pharm/B.Sc. (Research)/ B.S. /B. Arch/M. Sc. / M.A. / MCA or equivalent/Integrated http://M.Sc. / Integrated B.S.-M.S./Integrated M.E. / M.Tech (http://Post-B.Sc.)/Integrated M.E. / M.Tech or Dual Degree). Final year students are also eligible to apply. There is no age limit for appearing for GATE.

How to Apply : Click Here

Dera chief Ram Rahim's 'daughter' Honeypreet arrested by Haryana Police

Honeypreet said she had slipped into depression after Ram Rahim's conviction

After a month-long search for jailed Dera Sacha Sauda chief Gurmeet Ram Rahim's "adopted" daughter Honeypreet Insan, Haryana Police on Tuesday arrested her.

Honeypreet, along with another woman, was arrested by the Haryana Police from the Zirakpur-Patiala road in Punjab, said Panchkula Police Commissioner A S Chawla.

Honeypreet tops the list of 43 people 'wanted' by the Haryana Police in connection with the incidents of violence that left 41 people dead and several injured following Gurmeet Ram Rahim's conviction in rape cases.

Also Read : Honeypreet Insan held after 38 days on run, to be produced in court today

Talking to media persons at Panchkula, Chawla said, "She has been taken into custody by SIT in-charge (Mukesh Kumar) from Zirakpur-Patiala road in Punjab. She is being brought to Panchkula for questioning in connection with the incidents of violence".

"Her role in the violence (after Ram Rahim's conviction on August 25) will be probed...who provided her shelter or support during her run from police will also be produced. She will be produced before a court (in Panchkula) tomorrow and we will seek her police remand," Chawla said.

Chawla also said that another woman who was accompanying her was also taken into custody. Read Full Article

Taj Mahal dropped from UP tourism booklet? Here's why the controversy erupted

The Taj Mahal, one of the seven wonders of the world does not excite the imagination of Yogi Adityanath's administration

The Taj Mahal may be one of the ‘seven wonders of the world,’ attracting millions of tourists each year, but it has failed to feature in Uttar Pradesh’s latest tourism booklet.

The 32-page booklet, which has the famed Ganga aarti as its cover image, has been printed to promote the tourist spots in Uttar Pradesh, but surprisingly the most prominent and popular one is missing.

Latest Current Affairs : Titled Apaar Sambhavnaye or ‘Boundless Possibilities’, the brochure released by the Uttar Pradesh Tourism Department displays most of the other cultural and heritage sites in the State, particularly those associated with the Hindu religious tourism. Earlier, it was also reported that the BJP Government in the state had not included Taj Mahal as part of Uttar Pradesh's "cultural heritage".

Taj Mahal irrelevant to Indian culture - UP CM

Yogi Adityanath, earlier this year, said that Taj Mahal and other minarets - monuments made during the medieval and Mughal era - were not reflective of Indian culture.

Last month, Uttar Pradesh deputy chief minister made the controversial statement that Mughals were "plunderers" and not "our ancestors" as depicted in Indian history.

He also called Shah Jahan "barbaric" for amputating the hands of the artisans who constructing the Taj Mahal."The Taj Mahal is an outstanding monument depicting Indian craftsmanship but Shahjahan amputated the hands of artisans who made the Taj. This is not Indian culture and shows he was barbaric.

The deputy chief minister's remarks come about three months after his boss, Uttar Pradesh chief minister Read More