Sunil Bharti Mittal re-appointed as the Bharti Airtel Chairman
Sunil Bharti Mittal has been re-appointed as the Chairman of telecom giant Bharti Airtel for another five years, with effect from October 1, 2016.
Mittal is the Founder of Bharti Enterprises, one of India's largest conglomerates with diversified interests in telecom, insurance, real estate, agri and food, besides other ventures.
The Group also has joint ventures with global leaders like Singtel, SoftBank, AXA, Del Monte amongst others.
Bharti Airtel, the Group's flagship company, offers mobile, fixed broadband and digital TV solutions to over 350 million customers across India, South Asia and Africa.
AskMe shuts down, lays off all its employees
As per latest reports, the consumer internet search platform AskMe has shut down its operations, laying off remaining of its staff. The company probably took the decision because of severe cash crunch.
The Gurugram-based company's e-commerce website is still live but is not accepting any new orders. Sources close to the company stated that this unplanned shutdown is because of the equally unplanned exit of its principal investor, Astro Holdings.
Last month, Malaysian billionaire Ananda Krishnan-led Astro Holdings exited AskMe Group, in which it owns 97% stake, after a long-drawn battle with minority shareholders. Astro Holdings made its last cash investment of around Rs 150 crore last month.
Govt data shows only 1% Indians pay income tax
Taxpayers account for just about one per cent of India's population, but tax outgo was over Rs. 1 crore for as many as 5,430 individuals, as per the latest data disclosed by the government for assessment year 2012-13.
As part of a transparency drive, the government has made public direct tax data for last 15 years. Data for individuals has been published only for 2012-13 assessment year, which shows taxes for income in financial year ended March 31, 2012.
A total of 2.87 crore individuals filed income tax returns for that year, but 1.62 crore of them did not pay any tax - leaving the number of taxpayers at just about 1.25 crore which was close to one per cent of the country's total population of about 123 crore at that time.
Twitter suspends 235,000 accounts in a bid to check terrorism
Twitter has suspended 235,000 accounts that have in some way promoted terrorism over the last six months. This step is a part of the continuing effort to keep people from using the social network for extremist causes.
"The world has witnessed a further wave of deadly, abhorrent terror attacks across the globe," Twitter said in a statement. "We strongly condemn these acts and remain committed to eliminating the promotion of violence or terrorism on our platform."
Twitter's latest action brings the total number of accounts that the company has suspended to 360,000 since it began cracking down on terrorism and violent extremism in mid-2015.
Amazon India launches used books store
Amazon India, Amazon.com Inc.'s local unit, has said it has launched a 'used books' store on its platform with over 100,000 titles across genres such as literature, romance, biography and textbooks.
The books come from sellers on Amazon. These books are graded by the sellers under categories such as 'new', 'good' and 'acceptable', based on their condition. This information is visible to the customers at the time of purchase.
Amazon, currently, has over 9,400 book sellers on its platform.