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Government recovers Rs 1,514 crore of depositors’ money from Peferless after 15 years

Government recovers Rs 1,514 crore of depositors’ money from Peferless after 15 years

The ministry of corporate affairs (MCA) on Tuesday said it has recovered depositors’ money worth Rs 1,514 crore from the Peerless General Finance and Investment Company, which was pending with the entity for the last 15 years.

The money was recovered by the Investor Education and Protection Fund (IEPF) Authority, which is part of the MCA and has been set up for promotion of investor awareness and protection of the interest of investors.

WhatsApp's new fingerprint feature may stop users from taking screenshots

WhatsApp's new fingerprint feature may stop users from taking screenshots

Do you often take screenshots of your private chats on WhatsApp? As part of the company's security changes, a new authentication feature, if enabled, will prevent users from taking screenshots, according to WabetaInfo.

The Facebook-owned messaging app is reportedly testing a new fingerprint feature that would require users to scan their fingerprints to access chats.

RBI to buy Rs 25,000 crore of bonds in two instalments via OMO in May

RBI to buy Rs 25,000 crore of bonds in two instalments via OMO in May

The Reserve Bank of India (RBI) plans to buy Rs 25,000 crore worth of bonds in two installments from the secondary market in May, it has notified.

The first such open market operations (OMO) for the fiscal year 2019-20, amounting to Rs 12,500 crore, will happen on May 2. The date for the second auction has not been given.

Amazon to close its online biz in China: Report

Amazon to close its online biz in China: Report

Retail giant Amazon will withdraw its domestic e-commerce marketplace business in China, effective from July 18, but will keep operating its other business sections, including Amazon Web Services, Kindle e-books and cross-border operations.

Facing stiff competition from local online marketplace operators, including Alibaba, JD.com as well as the fast-growing Pinduoduo, Amazon's exit from e-commerce business would be the end of the company's 15 years of journey into the China market.

Microsoft employees decry Jack Ma backed '996' Chinese work culture

Microsoft employees decry Jack Ma backed '996' Chinese work culture

San Francisco: A group of Microsoft employees has come forward to support Chinese tech workers on the gruelling '996' culture, writing a petition in defence of a trending GitHub repository that is being censored in China.

In a letter written on web-hosting service Github, owned by Microsoft, the employees have asked the company to keep the "996.ICU" GitHub repository uncensored, The Verge reported on Monday.

Bitcoin prices surge to a six-month high, after 35% gain this month

Bitcoin prices surge to a six-month high, after 35% gain this month

Bitcoin prices jumped today to its highest in six months, pulling smaller cryptocurrencies up with it in a move that traders and analysts ascribed to technical forces with no apparent news catalysts at play.

Bitcoin, the biggest virtual coin, climbed as much as 4.5% in early trading to top $5,600 briefly, touching its highest since November 18.

Vicks, Gillette, Pantene maker P&G found guilty under GST anti-profiteering

Vicks, Gillette, Pantene maker P&G found guilty under GST anti-profiteering

The GST profiteering investigation arm has found leading FMCG firm P&G India guilty of not passing on GST rate cut benefits to the tune of about Rs 250 crore by commensurate reduction in prices. Based on a complaint filed before the standing committee, the Directorate General of Anti profiteering (DGAP) investigated the books of accounts of P&G India pre and post November 15, 2017, and concluded that the consumer goods manufacturer has not lowered prices of certain of its products despite cut in GST rate to 18 per cent from 28 per cent.

Paytm takes cue from Alibaba, launches credit score check facility for app users

Paytm takes cue from Alibaba, launches credit score check facility for app users

Digital payments company Paytm has now enabled users to check their credit scores on its mobile app. Users can access the service by clicking on ‘My Credit Score’ under their user profile section. Paytm-backer Alibaba’s financial services affiliate Ant Financial had launched a similar service called Sesame Credit in January 2015 for individual credit scores of customers and small business owners.

3 Indians join Manika in singles main draw ITTF World C'ships

3 Indians join Manika in singles main draw ITTF World C'ships

Three Indian women paddlers on Monday qualified for the main draw of ITTF World Championships on the second day of the competition at Budapest.

Suthirta Mukherjee, Madhurika Patkar and Archana Kamath have joined Manika Batra in the main draw of women's singles, while Anthony Amalraj and Manav Thakkar are just a match away from making the cut in the men's singles.

DoT floats draft proposal on 4G spectrum to BSNL, MTNL

DoT floats draft proposal on 4G spectrum to BSNL, MTNL

New Delhi: The Department of Telecom is learnt to have circulated a draft cabinet note for the allocation of 4G spectrum to BSNL and MTNL and implementation of a voluntary retirement scheme at the two loss-making telecom PSUs.

The department has sought comments of the key ministries on the proposals, an official source told PTI.

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