Merely going after black money could create wrong perceptions about India and it is more important to understand why black money is created and address those issues, Chief Economic Adviser to the NDA government Arvind Subramanian said here today.

“I don’t understand black money. Politicians spend a lot of time and money on it. What I would say is that the way to think about black money is as a stock problem and a flow problem,’’ Subramanian said on the sidelines of a series of talks on ‘Economic Survey: Taking stock of the Indian Economy’ that he has been delivering around the country.

Yahoo’s business has always been about using the latest tech to capture people’s attention with interesting content. They were many people’s first real home page on the web.

Before search and social, you’d go to Yahoo to see links worth checking out. In the interim periods of change in consumer tech, they’ve adapted their product strategies to follow their model, with points of success and failure. In a recent visit to Yahoo’s Sunnyvale headquarters, we got a better look at how the company is adapting the mobile-first world.

CHENNAI: There has been a shift in the pecking order of car and SUV companies in India with the fourth, fifth and sixth spots showing significant changes.

According to statistics from the Society of Indian Automobile Manufacturers (SIAM), the top five passenger vehicle companies in India by sale are Maruti, Hyundai, Mahindra & Mahindra, Honda and Toyota.

With an aim to double its mobile phone market share in India, LG Electronics has launched a new flagship smartphone – G4 in the country at a price of Rs 51,000. The devices comes with a 5.5-inch QHD (2560x1440p) IPS Quantum display, powered by a 1.8GHz Qualcomm Snapdragon 808 hexa-core processor, and 3GB of RAM.

It houses 32GB of storage and a microSD card with expandable storage support up to 2TB. Also, the G4 features a 16 MP rear camera, 8-megapixel front camera, 3000mAh removable battery, and runs on Android 5.1 Lollipop OS.

Google has confirmed its acquisition of startup Agawi which allows users to stream and use the applications before making a decision of purchasing them. The startup is said to have been silently acquired last year, but Google confirmed the news now only after it came into media limelight.

Agawai’s Twitter account was inactive since 2013, its website was also not functional and three of its employees were already working with Google as their Linkedin profiles mentioned, including the firm’s Co-founder, Rohan Relan. However, Peter Relan and Rajat Gupta the Executive Chairman and the CEO of Agawi respectively do not mention Google in their LinkedIn profiles.

Private sector lender Yes Bank, in the news recently over two of its directors, M R Srinivasan and Diwan Arun Nanda, assuming office Friday and cutting base rate from 10.75 per cent to 10.50 per cent, got a boost with Systemix putting a ‘buy’ recommendation on its stock.

Yes Bank stock is expected to move in a range, and above Rs 844 would lead to the upper levels of the range – Rs 897-909. On breakout above Rs 909, its next target would be Rs 930-971-1,022 levels.

Ever since it started in 1981, Infosys has seen many annual general meetings. But the 34th annual general meeting by the company on Monday is significant on many counts. This is the first AGM of the company where none of its founding members will be present.

K V Kamath, the celebrity banker, who had become the face of the company in the past four years post the retirement of N R Narayana Murthy, will also be absent.

Are MNCs better at generating cash from their companies than their domestic counterparts? Data on dividend seem to suggest so - for FY15, there were four MNCs among the top 10 companies with dividend-earning promoters. While the Tatas topped the list with total promoter dividend earnings of Rs 12,018 crore, American tech giant Oracle was the second (Rs 4,193.4 crore), followed by Unilever (Rs 2,181.8 crore).

By contrast, many of India's prominent business houses earn low amounts as dividend from their companies, with the exception of tech majors. Azim Premji of Wipro was India's fourth-highest dividend earner in FY15, with dividend income of Rs 2,174 crore. He was followed by Mukesh Ambani, who earned Rs 1,464 crore as dividend from Reliance Industries.

New Delhi: The International Yoga Day event at Rajpath in New Delhi on Sunday made it to the Guinness World Records Book, with 35,985 participants performing asanas at one venue and 84 nationalities being part of it.

“It is a matter of pride for India that we have broken two records on one day,” minister of AYUSH Shripad Naik told reporters, citing the figures. He said Prime Minister Narendra Modi has congratulated all for the record set and successful conduct of the event.

The rupee strengthened by six paise to a fresh one-month high of 63.49 against the dollar in early trade on Monday, extending its rising streak for the fourth straight day on persistent selling of American currency.

Forex dealers said gains made by other currencies against the US dollar overseas and a higher opening in the domestic equity markets also supported the rupee.

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