OLX has acquired Aasaanjobs, a recruitment marketplace mainly for entry-level and blue collar job segments. OLX will leverage Aasaanjob’s technology for better user experience on the platform which will further boost its position in the jobs classifieds market in India. Founded in November 2014 Aasaanjobs is an end-to-end recruitment platform connecting employers, consultants and job seekers.
The CBI has registered four separate cases related to bank fraud to the tune of nearly ₹74 crore in the Union Bank of India, officials said on Friday. All these cases have been reported from mid corporate branches in Kaushambi and Ghaziabad against separate companies. CBI has booked promoters and directors of SM Enterprises, Geneius Impex, JBR Impex and JR Foods.
Former BJP minister and mining baron Gali Janardhana Reddy was chargesheeted by the Special Investigation Team probing illegal mining ore in Ballari. Reddy is currently out in bail after he was arrested by the Central Crime Branch in Bengaluru for his alleged involvement in the Ambident ponzi scheme. He had illegally extracted over 1.5 lakh metric tonnes of iron ore between July and December 2009.
Madras high court on Thursday dismissed a petition challenging the ban of plastic in Tamil Nadu from January 1, 2019. The judges also suggested a total ban on all sorts of plastic. Environmentalists have welcomed the move, but plastics manufacturers and small traders are fretting over the ban. The petitioner argued that the ban was biased in favour of big companies and will affect small traders.
10 lakh bank employees and officers of the 21 public sector banks join the one-day strike on December 26 against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda. Most of the banks have already informed customers about the strike. This will be the second bank strike in less than a week.
Shop101 has raised Series B funding and the amount raised is $11 million. Shop101 claims to have 300,000 entrepreneurs on its platform pan India. This number is likely to increase to 10 million in a couple of years and the online retail trade by become a $60 billion segment during that time.
The Central Crime Station in Hyderabad on Thursday arrested couples the owners of Rishab Chit Fund, who had allegedly duping more than 500 people of ₹60 crore. The police said that they received a complaint on December 12 from a private employee that he had been cheated by the duo, they collected money in the form of chit business and also collected fixed deposits from persons known to them.
The Madras High Court, on Thursday stay on ban of online sale of drugs ordered by a single-judge bench of the court. The order came after a group of e-pharmaceutical firms filed a petition in the court for a stay to the ban imposed by an earlier judgment, the e-pharma firms submitted that online pharmacies do not deliver drugs without a valid prescription.
Online classifieds platform Quikr has made an acquisition of a Chennai-based real estate platform India Property Online. “With $180B market potential, Indian real estate is one of the largest sectors of the economy” Pranay Chulet, Founder and CEO said. Quikr is the largest player in the country with over 70,000 tenants as reported last month. The full potential of the real estate sector in India is seen at around $180 billion.
Doormats and rugs with the image of the Golden Temple were reportedly sold on Amazon, “It has come to our attention that several sellers are posting products onto your platform that culturally appropriate the imagery of the Golden Temple” The Sikh Coalition’s Senior Manager of Advocacy & Policy Sim Singh said in a letter to Amazon CEO Jeff Bezos. Products removed from platform.
At least 3 workers died after a gas leak in an underground coal mine of South Eastern Coalfields Limited in Chhattisgarhs Korba district on Sunday. A worker accidentally went inside a non-functional tunnel of the mine where oxygen level was low and poisonous gas was emanating two other workers went inside the tunnel following which all three fell unconscious, police said.
The Nepalese government has reportedly taken a decision to ban the use of Indian currency higher than ₹100. Having a financial system which allows the use of the Indian rupee on its soil, Nepal was affected by India’s demonetisation, higher value ₹200 and ₹500 Indian notes have reportedly been in use in Nepal, but this purported decision by the government.
Diesel prices fell on Friday while petrol prices were unchanged in major cities of the country as international crude oil prices are now stabilising after nearly 30 per cent fall in last two months. In the national capital Delhi, petrol is sold at Rs 70.29 per litre, no change compared to yesterday while diesel is sold at Rs 64.57 as against Rs 64.66 on Thursday.
Mukesh Ambani’s daughter Isha Ambani estimated wedding cost about $100 million. The guest list is so long that the Ambanis and Piramals have taken over at least five five-star hotels nearby, the Ambanis donated enough food to feed 5,100 people three meals a day for four days, and set up a bazaar to showcase 108 traditional Indian paintings.
A Chinese court has ordered a ban on the sale of several older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, Apple said on Monday it had filed a request for reconsideration with the court, the first step in appealing the ban. Qualcomm, the biggest supplier of chips for mobile phones, filed its case in China in late 2017.
A day after a video went viral of a delivery agent from food aggregator Zomato eating food meant for delivery, the employee has been removed from the company’s services. “The person in the video happened to be a delivery partner on our fleet, we understand that this was a human error in judgement, we have taken him off our platform.” Zomato statement.
Liquor baron Vijay Mallya has claimed innocence and said he did not steal public money, Mallya said he used ₹9,000 crore to save kingfisher. Mallya is also facing money-laundering charges in the United Kingdom after India initiated extradition proceedings against him, the liquor baron filed a petition in the Supreme Court on Saturday.
Myntra’s chief executive officer Ananth Narayanan has resigned from his role with his position set to be abolished. Flipkart has also attempted to retain key personnel at Myntra, offering retention bonuses and packages to 50-75 key executives and employees, Flipkart executive Amar Nagaram has been tasked with heading Myntra.
The exit polls indicate a tight race between the BJP and the Congress in Madhya Pradesh and Chhattisgarh and an edge for the Congress in Rajasthan, The Sensex slumped 500 points while Nifty fell below 10,550. The exit polls are mixed, but we don’t want to take any risk before actual results are out given that oil is also up, said a trader at a foreign bank.
Huawei CFO, Meng Wanzhou, who was arrested in Canada has been accused of fraud with a maximum penalty of 30 years in prison. US government has long viewed the company and its close ties to the Chinese government as a threat to national security. The Chinese Ministry of Foreign affairs has firmly requested Meng’s release.
Vijay Mallya said he didn’t borrow single rupee, it was Kingfisher Airlines, who owes money to the tune of ₹9,000 crore to various banks defended himself, Mallya has been retweeting posts by media houses and has been repeating that he only wants to repay the loan and that he never stole money. He also congratulated Kiran Mazumdar-Shaw who made it to Forbes’ Most Powerful Women in 2018.
Online classifieds and service platform Quikr has raised ₹55 crore in a venture debt from Innoven Capital, this external capital infusion has come to the Bengaluru-based firm after 42 months hiatus. The company had raised $150 million in a Series H round from Kinnevik in April 2015, the company has been in talks with new as well as existing investors to raise up to $150 million for over three months
The Hyderabad mint revealed that the cost of manufacturing a ₹1 coin is ₹1.11, the rest have a cheaper production cost. The ₹2 coin is made at a cost of ₹1.28, while it takes ₹3.69 and ₹5.54 to manufacture the ₹5 and the current ₹10 coins respectively. The Mumbai mint, Hyderabad mint revealed the production cost of these coins.
Liquor baron Vijay Mallya who is being investigated for fraud and money-laundering, on Wednesday tweeted “please take it back” I have offered to repay 100% to banks, The most important point is public money and I am offering to pay 100% back. I humbly request the Banks and Government to take it.
A 47-year-old businessman jumped from the ninth floor of his flat in an upscale society in Haryana, his wife and children watched a movie on television till late on Sunday, He allegedly jumped off the floor around 3 a.m reason behind this extreme step is not clear. A case was registered at the Sector 50 police station.
Ex-Indigo President Aditya Ghosh join OYO as CEO of its India, and South Asia operations, Aditya will be responsible to oversee and grow Oyo Hotels business in South Asia, which will include, India, Nepal. He added I’m thrilled to join OYO’s mission of creating quality living spaces. “Extremely excited to welcome Aditya Ghosh to OYO family” said by founder of OYO rooms Ritesh Agarwal.
India have highest percentage of female pilots are employed by Indian airlines, according to recent report from the International Society of Women Airline Pilots, Indian airlines that are among the proportionally highest employers of female pilots include IndiGo at 13.87% (351 out of 2,689), Spice Jet at 13.2% (113 out of 853), Air India at 12.7% (217 out of 1,710) and Air Asia at 10% (26 out of 260).
Robyn Denholm as new chairman of Tesla Inc, after Musk Stepping down from the role of chairman, “Robyn has extensive experience in both the tech and auto industries, and she has made significant contributions as a Tesla Board member over the past four years in helping us become a profitable company,” said Musk, Musk will remain on the board as a director and Tesla CEO.
A Qatar Airways Doha- Kolkata flight hit a water tanker during arrival at Kolkata’s Netaji Subhas Chandra Bose International Airport at 01:52 am last night. All 103 passengers safe. The aircraft’s belly was damaged. The aircraft has been taken away for repairs, Airport official said, flight is take-off from Kolkata to Doha.
The Directorate of Revenue Intelligence (DRI) arrested 5 Bhutan nationals in Delhi and seized 20 kg smuggled gold worth ₹6.4 crore, yesterday. The gold was concealed in specially designed cloth belts & shoes worn by the accused. The DRI officials said all five accused had arrived by train from West Bengal.
KFC has awarded the parents of a newborn girl in the US $11,000 (over ₹8 lakh) for naming her Harland Rose, The parents, both die-hard fans of KFC, wanted to name their baby after something they both liked, company had recently started the Baby Harland Naming Contest and little Harland Rose was declared the winner and the prize money will go towards her tuition fees, The baby was born on September 9, the birthday of KFC’s Founder.
Auto parts manufacturer ZF Steering Gear has fired 236 employees for leaving mass over six weeks without any prior intimation. The employees leave from December 2, 2017 till about January 19, 2018 without showing any ‘sufficient cause’. The auto parts maker company said it held several rounds of discussion with the concerned employees but no solution emerged and the Company finally decided to terminate the employment of these 236 employees with effect from 26/27th October, 2018.
The Amazon.com founder Jeff Bezos lost $19.2 billion over the past two trading days, according to the Bloomberg Billionaires Index amid a global market selloff fuelled by fears of further trade tensions. Shares of Amazon tumbled 6.3%, on top of Friday’s 7.8% drop, leaving Bezos with $128.1 billion, Jeff Bezos net worth of last month is $167.7 billion.
Indian Railways first engine-less train all set to roll out, which is being regarded as a successor to the 30-year-old Shatabdi Express, Train 18 has a potential to travel up to the speed at 160 kmph, the full AC train is designed in such a way that passengers can have a look at the driver’s cabin and two executive compartments will have 52 seats each with CCTV cameras.
Central Railway authorities in Mumbai’s Mankhurd suburban on Sunday arrested a man with railway tickets worth more than Rs 2 lakh, man was accused of booking long-distance train tickets online by unauthorised means. The man had booked as many as 2,042 tickets worth Rs 57.69 lakh under the same modus operandi. The man was identified as 32-year-old Indrajeet Gupta.
Surat-based diamond merchant Savji Dholakia he has decided to gift around 600 cars to employees of his company this time as well. Savjibhai Dholakia hails from Dudhala village in Amreli district, he started working from age of 12 and he come to Surat in 1977 on a state transport bus with just ₹12.5, now his diamond company Hari Krishna Group’s annual turnover is ₹6,000 crore.
A goof up in delivering a rakhi has cost a Bengaluru courier firm and its Mohali franchisee ₹25,000, the courier firm to pay ₹20,000 to consumer as compensation besides ₹5,000 as the cost of litigation after it mistakenly delivered a package sent to London, containing a rakhi, to France. “Rakhi is such a thing, which should reach the destination station on or before the Rashka Bandhan hen certainly emotions/sentiments of the sender are bound to be hurt,” said by consumer forum presided GK Dhir.
At least 3,000 job aspirants from across the country were duped of more than ₹12 lakh allegedly by a gang by falsely claiming to offer employment in the Union Agriculture Ministry via fake website “panditdeendayalkrishivikas.com”, The racket was busted on Monday by crime branch. The gang charged ₹400 as application fee and gave the postal address of Krishi Bhawan. Police said they learnt about this fake recruitment drive after they received a complaint from the agriculture ministry around 10 days ago.
Vistara has received ₹2,000 crore from Tata Sons and Singapore Airlines according to a regulatory filing. Tata Sons holds 51% stake and the remaining 49% is owned by Singapore Airlines in Vistara. The fund infusion comes at a time when the airline has embarked on ambitious expansion plans, Vistara is looking to fly to international destinations and is awaiting final approvals. Vistara started commercial operations on 9 January 2015. It operates around 120 flights every day and flies to 22 destinations.
An emerald and seed-pearl necklace owned by Maharani Jindan Kaur, the wife of Sikh emperor Maharaja Ranjit Singh has sold for £187,000 pounds (₹1.77cr) at a London auction. It was among a number of valuables from the Lahore Treasury sold at the auction house, The collection of 120 photographs was offered as a fascinating insight into Punjab in the last quarter of the 19th century.
A Jewellery worth of ₹140cr was stolen from a shop in Uttar Pradesh’s Kanpur shop was closed down five years back following a dispute between business partners. 10,000 carats of diamonds, 500 kg of silver, 100 kg gold, and jewels worth 5,000 carats as stolen from shop as per reports. A court here had sometime back ordered the shop to be opened by the police in presence of both partners.
Paytm extortion case suggests the breach contained 128GB data and over 1,000 pages were stolen, including passwords, encrypted emails, PIN of Paytm accounts and cash cards used by its founder Vijay Shekhar Sharma, the company’s business plan and data contained important passwords, among other things. Police have arrested Sonia Dhawan, former vice-president her husband Roopak Jain and Devendra Kumar, an employee of Paytm and fourth person, Rohit Chomal a resident of Kolkata.
A week after virtual currency exchange company Unocoin installed India’s first Bitcoin ATM in Bengaluru’s Kempfort Mall, the Cyber Crime Police in Bengaluru has registered a case against Unocoin for setting up the ATM without permission and have also arrested the company’s co-founder Harish and seized several gadgets and ₹1.79 lakh in cash from him and materials seized included two laptops, one mobile, three credit cards, five debit cards, one passport, five company seals and one cryptocurrency device, he was produced in the 1st ACMM Court in Bengaluru before he was taken into police custody.
Three Paytm employees were arrested on Monday for allegedly trying to extort ₹20 crore from Paytm CEO Vijay Shekhar Sharma after threatening to leak stolen personal data and confidential information, three of them had threatened to leak the data and misuse the information to cause loss to the firm. One of the employees who has been arrested allegedly the mastermind of the extortion is Vijay Shekhar Sharma’s secretary she was also been arrested. FIR was registered and three persons, including the woman, arrested.
Facebook is reportedly taking up nearly 2.2 Lakh sqft office space in technology capital of India, the new space will begin its operation next year and also plans to recruit nearly 2,200 employees. The move will also make Facebook join the global organisations such as Amazon, Apple, Microsoft, and Google, who already occupy giant office spaces in Bengaluru. Facebook had first launched its India office in 2010 in Hyderabad, Facebook has an Indian user base of nearly 250 Mn.
The country added 7,300 more millionaires during the 12 months to mid-2018 and the total number of millionaires to 3.43 lakh, according to Credit Suisse’s 2018 global wealth report. It added that 91% of the adult population in India has wealth below $10,000, by 2023, the wealth of Indian millionaires is expected to grow by 8 per cent per annum to reach USD 8.8 trillion, China is home to the second largest number of wealthy households, having added USD 2.3 trillion to reach USD 52 trillion.
ATM for cryptocurrency has been installed in Bengaluru’s Kemp Fort Mall by virtual currency exchange Unocoin, allows its customers to deposit and withdraw minimum amount of ₹1000 from the platform. ATM work with KYC compliant customers have to enter their User ID and the OTP that they receive as SMS on their registered mobile number, a 12-digit reference number from Unocoin is then sent to the user, the pilot ATM that was unveiled earlier this week is not operational yet.
Paul Allen who co-founded Microsoft Corp has died at 65, Allen died on Monday in Seattle from complications of non-Hodgkin’s lymphoma. Allen came up with the name Microsoft and had left the company in 1983, Allen stepped down as an officer of the company in 1983 because he was grappling with Hodgkin’s lymphoma, “I am heartbroken by the passing of one of my oldest and dearest friends,” Bill Gates said. Allen is survived by his sister, Jody Allen, who is a co-founder and executive director of the Paul G Allen Family Foundation.
Gaurav Khera lost a lot of money in gambling following which his father refused to give him money, when his father not give money he hired a contract killers to killed his businessman father and take over his chemical production business in Khari Baoli. He promise his friend to 25% share in company who had arranged for the killers, then he paid ₹5 lakh to killers. His father Anil Khera was shoot dead around 5pm in Ghaziabad by two motorcycle-borne assailants, police has arrested all accused.
9 employees were killed and 12 others injured in a major blast Bhilai steel plant in Durg district of Chhattisgarh, blast took place around 10:30 am following a fire in a gas pipe line, police have started a rescue operation as senior officers rushed to the spot after the blast. Injured persons were immediately rushed to a hospital and the fire has been controlled, all of them are serious and are admitted to the district hospital.
State Bank of India (SBI) India’s biggest lender new ATM cash withdrawal rules, applicable on daily cash withdrawal limits for Classic and Maestro debit cards reduced from ₹40,000 to ₹20,000 per day with effect from 31 October 2018. SBI has lowered the daily ATM cash withdrawal limit to prevent fraudulent transactions at ATMs and to promote digital transactions, the increase in the number of complaints received by banks around fraudulent transactions at ATMs it has been decided to decrease the cash withdrawal limits of debit cards.
Petrol price Monday crossed the ₹91-mark in Mumbai while domestic cooking gas LPG rates breached the ₹500, Petrol prices were hiked by 24 paise per litre and diesel by 30 paise. India is the third largest importer of crude oil and rising international oil prices are inflating domestic transport fuel costs, Diesel in Mumbai costs ₹79.72 per litre at IOC outlets and ₹79.79 at BPCL outlets, in Mumbai, petrol now costs ₹91.08 at Indian Oil Corp (IOC) outlets, ₹91.
Tech billionaire Elon Musk step down as chairman of the Tesla company for three years and pay a $20 million fine. Musk said that he had "funding secured" for a buyout of the electric-car company at $420 a share, Musk will be allowed to stay as CEO but must leave his role as chairman of the board within 45 days, Tesla in recent years has become one of the most valuable American car maker, with its stock worth more than $50 billion.
Directorate of Revenue Intelligence has arrested two people including a Mexican national and seized over 9 kg chemical which have value of these drugs is over ₹100 crore in the international market, the illegal chemical was being manufactured in the illegal laboratory, this laboratory was being run by a local businessman and a PhD scholar chemist in Indore city of MP, the chemical is so dangerous only two milligrams of it are sufficient to kill a person, after research scientists said only trained scientists can manufacture this drug.
A branch manager of the Overseas Bank was arrested Friday and more than ₹14 lakh was seized from his possession, bank manager of Bantikheda village branch was found to be involved in the theft of ₹18 lakh from an Overseas Bank ATM in Shamli on March 4, Another accused Chetan, had already been arrested in the case. Manager Bansal had given the password to Chetan and also told him the technique to open the ATM machine, in investigation scam of nearly ₹4 crore came to light in the Bantikheda village branch.
All India Organisation of Chemists and Druggists has declared a nation-wide strike on Friday to oppose the government’s move to regularise online sale of medicines. Chemist shops across the country will remain closed on September 28, the drug prices have been regulated by the government. The online portals offer discounts up to 70 per cent against a 10 per cent discount available at wholesalers, online pharmacy business is conducted illegally and the government is not taking any action against it said by general secretary of AIOCD.
One97 Communications Ltd parent company of Paytm has raised ₹2,200 million from Warren Buffett’s Berkshire Hathaway Inc, India’s largest payment services provider talks with Berkshire Hathaway have been on since early February this year to raise about ₹2,200 at a valuation of about $10 billion, the investment gives Berkshire Hathaway a 2.9% stake in the company and Alibaba Group as its largest shareholder with a 38.4% stake in company, It is also a rare deal for the world’s best known investor, who typically avoids internet firms, and is being considered a boost for India’s startup industry.
Pair of shoes thought to be the most expensive in the world go on sale on Thursday which cost £13million (₹123crore), lavish heels are made from gold patent leather, silk, and embellished with 236 diamonds Made by shoemaker Jada Dubai, ‘Passion Diamond’ shoes are the second set of showstoppers from UAE-based designer Jada Dubai, its took nine months to be designed and created and even feature real gold labels on the inside, handcrafted high heels were encrusted with 54 carat white diamonds and 416.2 carat white sapphires.
25-year-old worker died after being sucked into a machine in a plastic factory on Wednesday, victim identified as Wajid, he reached for work on morning in the factory which makes plastic products, he was cleaning a big-size machine which has blades while he was cleaning machine someone switched on the machine and soon Wajid was sucked inside and some of his colleagues realised and switched off the machine he was died on spot, police were alerted about the incident and they reached the spot.
Saudi Arabia’s King Salman inaugurated high-speed rail linking the two holiest cities Mecca and Medina on Tuesday, distance between the two cities would be covered in less than two hours, Haramain Railway connecting Mecca and Medina with the Red Sea coastal city of Jeddah is one of the largest transport projects in the Middle East also Saudi Arabia is investing tens of billions of dollars in mega-hotels and a Grand Mosque restoration in Mecca, increase the number of umrah and haj pilgrims to 15 million and five million respectively by 2020.
Vat 69 whisky and Smirnoff vodka banned in Delhi for 2 years for allegedly using duplicate barcodes and banned it from selling the brands in the national capital, order came on an appeal filed by USL, which had challenged the orders of the deputy commissioner and commissioner, ban of three years on these two liquors was imposed on May 22, 2017, and it was challenged before the financial commissioner, the two liquor brands would not be available in the stores of the capital for the remaining period
SpaceX CEO Elon Musk revealed that Yusaku Maezawa, a Japanese billionaire and founder of Zozotown, Japan’s largest online clothing retailer, will be the first private customer to ride around the Moon, Maezawa plans to fly on the trip as early as 2023, and he wants to take artists with him to turn the entire ride into an art project called #dearMoon, billionaire declined to say how much he paid for the flight, but the trip will be free for the artists who go with him.
Couple from Scotland reported they found a secret camera installed in Airbnb holiday apartment in Canada, after a tiring day of sightseeing, when the couple returned to their apartment, they discovered a hidden camera inside a digital clock, had spent 20 minutes at the apartment when he noticed the clock couple said, hidden camera was facing into the living area and open-plan bedroom, so it could see everything. Airbnb spokesperson said We have removed the host from the platform while we investigate and are providing the guest with our full support.
Toyota Motor Corp. has agreed to produce Suzuki Motor cars to utilize the idle capacity at its Bengaluru factory, decision was taken after discussions between the two Japanese auto makers, three people familiar with the matter said. A deal would be an expansion of an agreement unveiled by Toyota and Suzuki in March to sell each other’s vehicles in India through a cross-badging arrangement, as part of the partnership announced in March, Toyota and Suzuki would also develop electric and hybrid vehicles for the Indian market.
Jack ma China’s richest man founder of Ecommerce giant Alibaba founder said step down as executive chairman of Alibaba, Monday is his 54th birthday He co-founded the Chinese internet retailer in 1999 and built it into an empire currently worth $420 billion, In an interview, Ma said his retirement is not the end of an era but “the beginning of an era.” Ma will remain on Alibaba’s board of directors and continue to mentor the company’s management. Ma turns 54 on Monday, which is also a holiday in China known as Teacher’s Day.
Brazilian man was arrested from the Indira Gandhi International Airport allegedly trying to smuggle 64 capsules of cocaine worth around Rs 3.1 crore capsules were then taken out of the passenger’s body. A drug test ascertained the powder as cocaine, Custom officials did not disclose the name of the passenger saying they were probing his network Officials said that the man had swallowed the capsules in order to escape customs checking at the airport the passenger was arrested and the cocaine seized.
A young couple from England booked the entire train for a one-way ride to Ooty and paid about Rs 3 lakh to travel, couple started their journey in the over-a-century old train at 9:10 am and reached Ooty at 2:40 pm on Friday. planning our honeymoon, we decided to charter the iconic steam train to the Nilgiris. We thought it would be romantic to have the entire train to ourselves, said by couple’s As per railways sources, the couple had booked the entire train through the Indian Railway Catering and Tourism Corporation website.
Kempegowda International Airport in Bengaluru, flight tickets are going to be cheaper than what they used to be airport authorities have slashed the user development fee (UDF) at the airport flight tickets from September 16 will be cheaper by Rs 1,137 for international bookings, and domestic bookings will cost Rs 245 lesser per ticket, Rs 400 for international tickets and Rs 100 for domestic bookings, The airport is owned 54% by Fairfax, 20% by Siemens and 13% each by the state and central government.
when it comes to money itself, we are mostly in the dark about its cost do you know how costly it is to produce one Rs 2000 note, the Government of India spends Rs 4.18 on each Rs 2,000 note. spends Rs 2.57 on every Rs 500 note, Rs 1.51 for every Rs 100 note and Rs 1.01 for every Rs 10 note. Printing a thousand Rs 500 notes of the demonetised currency cost the government Rs 3,090, while they spent Rs 3,540 per thousand Rs 1,000 notes.
Idea and Vodafone India announced the completion of their merger on Friday, merger has created India’s largest telecom service provider and displaced Bharti Airtel Ltd from the top spot after about two decades. Reliance Jio official twitter handle trolled the companies saying, "Bringing people together since 2016. The investments being made by Vodafone-Idea will also help the merged company match data capacities of its rivals. The merged entity will have net debt to the tune of ₹1.09 trillion.