scorecardresearch
Download the latest issue of Business Today Magazine just for Rs.49
What made news this past fortnight: Son rise at Samsung, Apple vs Samsung in China and more

What made news this past fortnight: Son rise at Samsung, Apple vs Samsung in China and more

Kishore Biyani questions the rationale for allowing e-commerce companies to raise foreign capital.

Future Group's Kishore Biyani Future Group's Kishore Biyani

"They are violating the law in spirit and in letter"

Kishore Biyani questions the rationale for allowing e-commerce companies to raise foreign capital, in an interview with The Economic Times. The online marketplace model, he says, is little more than accounting jugglery.

"I have regretted every second since I said OK"

Woody Allen is not happy making a television series for Amazon, reports the Financial Times, quoting an interview in the Deadline Hollywood news site. The series, for Amazon's streaming service, announced in January, was seen as evidence of Amazon's growing influence in media production.

SONSHINE

Rishad Premji, son of Wipro Chairman Azim, has joined the group's highest decisionmaking body, the group executive council, reports Mint. Rishad, 38, is now on the decision-making body of every company in the group: software services firm Wipro Ltd, and two unlisted companies. As Samsung Electronics Chairman Lee Kun-hee remains bedridden after a heart attack, son Lee Jae-yong, 46, is set to become chairman of two family foundations. These foundations hold small stakes in various Samsung companies that allow the Lees to control the group despite owning only a few per cent of it, says The Economist.

Rs 16 LAKH

The amount Santadevi Meghwal's family has been fined by the Rohichan Khurd village council in Rajasthan, reports Reuters. The fine, which comes with ostracism, is for Meghwal's refusal to accept her marriage. She was married when she was an 11-month-old baby to a village boy who was nine years old. Now 19, Meghwal learned of this marriage three years ago but refused to go and live with her husband. She wants to study and become a teacher.

TRIVIA AND TELLING FIGURES

1: Samsung's position in China's smartphone market a year ago
4: Apple's position in China's smartphone market a year ago

1: Apple's position in China's smartphone market now
4: Samsung's position in China's smartphone market now

Published on: Jun 03, 2015, 4:20 PM IST
Posted by: Gaytri Madhura, Jun 03, 2015, 4:20 PM IST