Paytm employees arrested for blackmailing Vijay Shekhar Sharma : Bulletin: Business Today
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Paytm employees arrested for blackmailing Vijay Shekhar Sharma

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October 23, 2018

Robots to manufacture 'Make in India' metro coaches in Rae Bareli

In what will go down as a milestone, for the first time Indian Railways will manufacture metro rail coaches at its Rae Bareli factory. It will be done under the Make in India scheme, an official said. Moreover the coaches will be manufactured by robots and will be of the same standard as Canada-manufactured Bombardier that is currently being used in the metro services of the country. Additionally, the homemade coaches will be 40 per cent cheaper than those brought in from China and other countries.
 
China's BBK Electronics no. 2 smartphone maker in India after Samsung

The raging battle between South Korea's Samsung and China's Xiaomi for the top slot in the hyper-competitive Indian smartphone market tend to hog the headlines, but it is another Chinese player, BBK Electronics Corp, that might turn out to be a dark horse. According to The Economic Times, the mushrooming sales of its brands Oppo and Vivo may have helped BBK strengthen its position as the number two smartphone maker by revenue in the country in FY18.

Paytm employees arrested for blackmailing boss, Vijay Shekhar Sharma, for Rs 20 crore

Three Paytm employees were arrested on Monday for allegedly trying to extort Rs 20 crore from the e-wallet giant's founder Vijay Shekhar Sharma after threatening to leak stolen personal data and confidential information, Noida Police said. One of the employees who has been arrested, allegedly the mastermind of the extortion bid, is Mr Sharma's secretary. All three of them had threatened to leak the data and misuse the information to cause loss to the firm and dent its public image, officials said.
 
Telecom sector might cut over 60,000 jobs

According to a report by the Economic Times, some 65,000 telecom sector workers will lose their jobs by March 31, mainly in the customer support and financial functions, staffing firm TeamLease Services has said. These two segments are expected to let go of about 8,000 and 7,000 employees, respectively, it said. However, the job losses will ease as the industry stabilises and the sector will now focus on hiring freshers, said Rituparna Chakraborty, cofounder of TeamLease. Some 15,000-20,000 people lost their jobs in the six months ended September 30.

Govt plans to amend aircraft security rules

The Civil Aviation Ministry plans to allow aircraft operators to deploy employees of aerodrome operators and domestic airlines for security duties. The proposal is part of amendments mooted for aircraft security rules and it also comes at a time when the passenger numbers are on the rise. India is one of the fastest domestic aviation markets in the world, registering double-digit growth for more than three years.


Syndicate Bank gets Rs 728-cr capital infusion from govt


Public sector Syndicate Bank Monday said it has received capital infusion of Rs 728 crore from the government in lieu of preferential allotment of shares. The bank said that the finance ministry had conveyed to the bank on October 17 of getting government sanction for release of Rs 728 crore towards contribution of the preferential allotment of equity shares during 2018-19 under plan as government's investment. As per the plan, the PSBs are to get Rs 1.35 lakh crore through re-capitalisation bonds, and the balance Rs 58,000 crore through raising of capital from the market.

Diesel costlier than petrol in Odisha for third consecutive day


With diesel costlier than petrol for the third consecutive day in the state, the Odisha government Monday sought a clarification from the Centre as to why the base price of diesel was more. Odisha Finance Minister S B Behera blamed the NDA government's "faulty" policy for the anomaly in the price of diesel. A litre of diesel costs Rs 80.40 in Bhubaneswar on Monday, while the price of petrol remained at Rs 80.27, a difference of 13 paise.The situation is considered the first of its kind in the country.


 
 


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