Indian architect BV Doshi wins ‘Nobel for architecture’

Balkrishna Doshi, the legendary Indian architect who designs not just buildings but institutions, is being honored with the Pritzker Architecture Prize, the Nobel equivalent for the field, it was announced on Wednesday. The Pune-born Doshi, who is 90, is the first Indian to receive the honor, the highest in the profession. Previous winners include world-renowned architects […]

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Before mega scam, PNB lost USD 431 million to fraud last fiscal year

India’s Punjab National Bank lost 28 billion rupees ($431 million) to various frauds last fiscal year, the government said on Friday, making it the biggest such loser among all state-owned banks even before it uncovered an alleged $2 billion fraud this year. The country’s second-biggest state-owned bank in February accused two high-profile jewellers and their […]

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RBI imposes Rs 5 crore penalty on Airtel Payments Bank

The Reserve Bank of India (RBI) imposed a penalty of Rs 5 crore on Airtel Payments Bank, the financial services arm of Bharti Airtel Limited, for violating operating guidelines and Know Your Customer (KYC) norms. This penalty has been imposed “for contravening the ‘Operating Guidelines for Payments Banks’ and directions issued by RBI on KYC norms,” RBI said […]

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Passport details must for loans of Rs 50 crore and above: Govt

Passport details of borrowers taking loans of Rs 50 crore and more have been mandatory to ensure a swift action in case of fraud and prevent fraudsters from fleeing the country, a top official said on Saturday. Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from […]

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Jio TV Cricket Channel Gets New Features for Nidahas Trophy Viewers

The Jio TV app will now give users more options to personalise their viewing experience for the Nidahas Trophy. The tri-nation T20 competition between India, Sri Lanka, and Bangladesh is being streamed on Jio TV. The new interactive features will be available to consumers on the Jio Cricket channel, and are being billed as a “revolution in [the] live […]

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U.S. announces $5M reward for information to arrest Pak. Taliban leader who ordered Malala’s assassination

In 2012, Fazlullah ordered the failed assassination of Pakistani schoolgirl Malala Yousafzai who promoted girls’ right to education and publicly criticized Fazlullah and the TTP, the State Department said. The U.S. on Friday announced a $5 million award for information leading to the arrest of Afghanistan-based Maulana Fazlullah, leader of Tehrik-e-Taliban Pakistan (TTP), an outfit which carries […]

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How India’s largest IT company TCS makes its billions

Tata Consultancy Services gets nearly $2 billion in revenue a year from analytics, the company’s CEO Rajesh Gopinathan told ET in an interview, making it the largest chunk of its digital revenue. India’s largest IT company gets over 22 per cent of its overall revenue from digital — a number that will be well over $3 billion for […]

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