A file photo of Rotomac owner Vikram Kothari. The total outstanding amount along with interest and liabilities for Rotomac were pegged at Rs3,695 crore. New Delhi: The Central Bureau of Investigation (CBI) Wednesday started questioning of Rotomac owner Vikram Kothari at its headquarters in connection with alleged loan default of Rs3,695 crore towards a consortium of seven nationalised banks, officials said. One of the consortium members, Bank of Baroda had approached the CBI requesting an FIR against Kothari as the bank apparently feared he might leave the country, they said. The total outstanding amount along with interest and liabilities for the company were pegged at Rs3,695 crore, the probe agency alleged.

February 21, 2018 06:05 UTC

Google has come up with a new payment app called Google Pay for Android users. Users on Android Pay app will be shifted to Google Pay with the next update. Google Pay will show all the options as cards, on the lines of Google cards in the Google app. What makes Google Pay better than Samsung Pay or Apple Pay is that it’s not tied to a particular OEM, but will work on any Android smartphone which supports NFC (near field communication). Google Pay will work with all swipe-based payment machines via NFC, just like Samsung Pay.

February 21, 2018 06:00 UTC

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February 21, 2018 06:00 UTC

Drawing from his wealth of experience of studying nature, seasoned artist Avijit Dutta has come up with a series of eclectic paintings which are on display as a solo show at Gallerie Ganesha in Greater Kailash II these days. The Kolkata-based artist has reminisced memorable moments from his childhood days when people would enjoy being in close proximity of nature. Nature is so beautiful and bountiful but we need time and patience to enjoy its myriad forms. He has beautifully captured the contrast in his work Ensoul 1, where he has drawn wandering ducks searching for an oasis of water. “We are nothing in front of the mighty sea and its scenic beauty motivates me to come up with something spectacular on canvas.

February 21, 2018 06:00 UTC

inIndiaChinaAIAIChinaIndiainvestmentadoptionininAIAIinAIAIinIndiaIndiaInAIininvestmentsAIinAIinininAIinAIinAIAIAIAIAsian enterprises, especially thoseand, are fast adopting Artificial Intelligence () to reinvent their business models and perceiveas a complete disruptive force, a new Forrester research said on Wednesday.Led by(from 31 per cent to 61 per cent) and(from 29 per cent to 69 per cent), theandAsia has jumped significantly between 2016 and 2017. "Indian systems integrators are also actively participatingconsortiums such as OpenAI," the research added.Government-backedis fuelling innovationexisting tech firms, startups and academic communities.On February 18, Prime Minister Narendra Modi said that with, bots and robots, productivity will increase, urging thatshould be "Made" and "Made to Work for".his budget speech on February 1, Finance Minister Arun Jaitley said the government think-tank Niti Aayog will spearhead a national programme on, including research and development. "Japan, Singapore and South Korea are following closely by expanding their existing technology industry strengthrobotics electronics to compete against companies like Intel and NVIDIA," said the research.What stands out among Asian enterprises, noted the report, is the heavy focus on strategic, longer-term objectives and high outcomes compared with other regions and global enterprises. "These firms prioritise industry disruption and new product development higher than other regions and global enterprises," Forrester said.Internalare driven by the marketing, sales, and customer support areas that are developing cognitive products and engaging with customers through intelligent agents.Asian enterprises seeas a complete disruptive force across technology, industry, product, go-to-market, academic, and economic dimensions.The Chinese growththe field ofresearch has threatened US tech companies. "Rather than develop incremental technologies, companies like Alibaba, Baidu and Tencent are as activeself-driving car tech as Google isthe US, even to the point of pushing the boundaries of Chinese regulations while still testing their technology," the research emphasised.Universities are research resources for companies like Huawei, which recently invested $1 million with UC Berkley for research and developmentThe South Korean government announced $1 billionfunding2017 while Japanese PM Shinzo Abe has encouragedstartups and venture capital infusion.The national research foundation of Singapore's government announced a nationalplan, ".SG", to boost the country'scapabilities.

February 21, 2018 05:48 UTC





“TCS has been a real winner for us over many years that we have been investing in that company. It is clearly reflected by the strong performance of the Tata group of companies under his leadership. Domestic equity benchmark BSE Sensex advanced 17 per cent during this period.“Chandra has been the face who has restored confidence and stability in the Tata Group, brought stability to group and investors. His disruptive and tough decision making and risk-taking abilities have been beneficial to the Tata Group. Tata Tiago became the tenth largest-selling car in India last month, outpacing its competitors Maruti Suzuki Celerio and Renault Kwid.ICICIdirect.com believes the long-term growth story of Tata Motors remains intact.

February 21, 2018 05:48 UTC

One of them was India's former prime minister Lal Bahadur Shastri Best known for his austere lifestyle, Shastri's widow had to sell her pension to repay a Rs 5,000 car loan from the bank that is now trying to recover its dues from Modi. There was a demand at home that we should buy a car," Anil Shastri , a senior Congress politician and the former PM's son, told TNN. The former PM's family was looking for a drive. The family, however, had only Rs 7,000 in the bank.Shastri applied for a Rs 5,000 loan which was sanctioned the same day.But soon tragedy struck the family. "It was repaid by my mother from the pension she received after my father's death," Anil told TNN.

February 21, 2018 05:44 UTC

lasercanchargesmartphonesmartphonechargessmartphonelasersmartphonelaserlasercharginglaserchargingsystemlasercharginglaserchargingchargingchargingsystemlaserchargingcanchargessmartphonecancanchargingchargingchargesmartphonechargeyoursmartphoneyouryouScientists, including those of Indian origin, have developed aemitter thatsafelyacross a room as quickly as a standard USB cable.Researchers mounted a thin power cell to the back of a, whichtheusing power from theThey custom-designed safety features - including a metal, flat-plate heatsink on theto dissipate excess heat from the, as well as a reflector-based mechanism to shut off theif a person tries to move in thebeam's path. "We have designed, constructed and tested this-basedwith a rapid-response safety mechanism, which ensures that theemitter will terminate thebeam before a person comes into the path of the," said Shyam Gollakota, associate professor at the University of Washington in the US. "In addition to the safety mechanism that quickly terminates thebeam, our platform includes a heatsink to dissipate excess heat generated by thebeam," said Arka Majumdar, from University of Washington. "The beam deliversas quickly as plugging into a USB port. But instead of pluggingphone in,simply place it on a table," said Elyas Bayati, doctoral student at University of Washington.

February 21, 2018 05:37 UTC

US President Donald Trump has signed an order to ban bump-stock devices or modified guns that enables one to shoot hundreds of rounds per minute and was used by a gunman to kill 58 Las Vegas concert-goers in 2017. He said he directed Attorney General Jeff Sessions to finalise new guidelines to declare bump stocks illegal "very soon". One of these was used by 64-year-old gambler Stephen Paddock to rain bullets on a Las Vegas crowd in October 2017. Both Democrats and Republicans agreed in the nationwide wave of horror following the Las Vegas attack that the sale of bump stocks should be outlawed. Hundreds of students were on their way to the state capital to lobby their lawmakers over the national issue, the BBC said.

February 21, 2018 05:37 UTC

NEW DELHI: Idea Cellular has fixed the issue price of its qualified institutional placement ( QIP ) at Rs 82.50 per share, including a remount of Rs 72.50 per share, for issuing 424.24 million shares , totalling to around Rs 3,500 crore, which will be allotted to institutional buyers.The capital raising committee of the company, which is undergoing a merger with No 2 carrier Vodafone India, also approved the closure period of the fund raise on Wednesday, the company said in a notice to the Bombay Stock Exchange (BSE). "Approved closure of the issue period for the QIP on February 21, 2018... Determined and approved issue price of Rs 82.50 per equity share (including premium of Rs 72.50 per share) for issuance of 424,242,424 equity shares, aggregating approximately to Rs 35000 million to be allotted to eligible qualified institutional buyers in the QIP," the company said to BSE.Idea Cellular shares rose marginally by 0.30% to close at Rs 84.25 on the BSE on Wednesday.The fund raise through QIP is part of the company's stated plans to raise Rs 6,750 crore to cut debt and free up cash ahead of its upcoming merger with Vodafone India. The QIP is the second leg after the company raised Rs 3,250 crore in the first tranche through a preferential allotment of some 32.66 crore equity shares at Rs 99.50 a unit to three promoter group entities.After the tranche, the Aditya Birla Group ’s stake in the country’s No 3 carrier to 47.2% from 42.4% before.

February 21, 2018 05:37 UTC

Serena Williams says she lives in fear of blood clots, a condition that surfaced during a harrowing postnatal ordeal in September when she almost died giving birth to her first child.In an op-ed piece she wrote for CNN on Tuesday, the tennis legend lifted the lid on her near-death experience while giving birth to daughter, Olympia, after getting blood clots in her lungs. "I almost died after giving birth to my daughter," Williams said. She started coughing so much from the blood clots that her Cesarean wound popped open. Williams praised the hospital Tuesday staff saying "if it weren't for their professional care, I wouldn't be here today". I told you, I need a CT scan and a heparin drip (blood thinner)," Williams told the magazine.

February 21, 2018 05:37 UTC

Bangladesh cricket team would welcome former captain Mashrafe Mortaza back into the national Twenty20 side if he decides to come out of retirement, cricket board president Nazmul Hasan said Tuesday. Bangladesh have failed to make any impact in his absence, most recently losing the T20 home series against Sri Lanka 2-0. Nazmul met the team’s coaching director Khaled Mahmud and captain Shakib Al Hasan to discuss the defeat, and said afterwards that he had wanted Mashrafe to return for the Sri Lanka series. “Some people said if I tell him, then he would play, but I told him to play in this (Sri Lanka) series... He said he wanted to play Test cricket which is why the discussion didn’t progress,” he added.

February 21, 2018 05:26 UTC

A sale is on at Strand Book Stall. It’s a little different from the popular annual sale that the iconic bookstore holds at Sunderbai Hall in Marine Lines. “Everything has a life cycle and we can say the journey of Strand bookstore is over,” says Vidya Virkar, managing partner of the store. The store’s first years were modest — just two shelves at the Strand cinema hall in Colaba. “When she pointed out to Shanbhag the books she liked, he immediately got them packed and refused to take payment.

February 21, 2018 05:08 UTC

Reality TV star Khloe Kardashian can’t wait to get her pre-pregnancy body back. She posted a series of photographs of her outfits for the upcoming episode of “Revenge Body”, reports femalefirst.co.uk. She wrote on Instagram: “Old pics but I’m loving ‘My Revenge Body’ looks on an episode! Hi old body, I’ll see you very soon! I promise.”Khloe’s determination to get her body back in shape comes after she previously battled with her weight, and recently admitted she had to “reprogramme” her relationship with food in order to drop down to her goal size.

February 21, 2018 05:03 UTC

The benchmark BSE Sensex opened 208 points higher on Wednesday, snapping its three-day falling streak, as investors and domestic institutions widened their bets amid firm Asian cues. Short-covering by speculators ahead of February F&O expiry on Thursday added to the upward move. Meanwhile, Coal India dropped 1.4% in early trade on government decision to open the coal sector to private players. On a net basis, DIIs bought shares worth Rs 1,437.24 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 850.35 crore on Tuesday, as per provisional data released by stock exchanges. In the Asian region, Hong Kong's Hang Seng was up 1.15% and Japan's Nikkei up 0.64% in early trade, while Shanghai Composite index remained shut today.

February 21, 2018 05:03 UTC