Business

7-year-old earns $22 million by reviewing toys, becomes highest paid Youtuber in 2018

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Guess who is the highest-paid YouTube star of 2018? PewDiepie? Markiplier? Nope. It’s a seven-year-old chap and his hit YouTube toy review channel.  With more than 17.3 million followers, Ryan ToysReview emerged on the top of Forbes list of Highest-Paid YouTube Stars 2018, earning a sweet $22 million. Ryan, whose last name hasn’t been made public to protect his identity, ...

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Interest on home, auto, MSE loans to be linked to new benchmarks from April 1

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Mumbai: In a bid to ensure greater transparency, the RBI Wednesday proposed that floating interest rates on personal, home, auto and micro and small enterprises (MSEs) loans be linked to external benchmarks like repo rate or treasury yields, from April 1 next year. Currently, banks follow system of internal benchmarks, including Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), ...

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Huawei CFO arrested in Canada, facing extradition to US

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Washington: Canada has arrested Huawei`s global chief financial officer in Vancouver, where she is facing extradition to the United States, Canada`s Department of Justice said on Wednesday. The arrest is related to violations of U.S. sanctions, a person familiar with the matter said. Reuters was unable to determine the precise nature of the violations. Meng Wanzhou, who is one of ...

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Permission to make in-flight calls, surf web likely by January

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New Delhi: Rules to allow use of mobile phones for making calls and internet surfing during flights in the Indian airspace could come as early as January, after Law Ministry gives its concurrence, telecom minister Manoj Sinha indicated on Wednesday. Telecom Ministry is currently awaiting the views of Law Ministry on in-flight connectivity rules and is hopeful of notifying the ...

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Monetary policy review: RBI keeps repo rate unchanged at 6.5%

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  Mumbai: The Reserve Bank of India (RBI) on Wednesday left the key interest rates unchanged at its fifth bi-monthly monetary policy. Five out of the six-member Monetary Policy Committee (MPC) voted in favour of keeping the repo rate unchanged at 6.50 percent and the reverse repo rate at 6.25 percent. In its last monetary policy in October, RBI had ...

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Etihad, Jet Airways in talks on rescue deal: Sources

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New Delhi: Etihad Airways is holding talks with Jet Airways Ltd and its bankers on a rescue plan for the debt-laden Indian carrier, two sources aware of the matter told Reuters. Executives from Etihad and Jet have met some of the airline`s bankers in Mumbai in recent days to discuss ways to address its cash flow issues and evaluate the ...

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Maruti Suzuki India to hike prices to combat higher costs

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Maruti Suzuki India Ltd will raise prices across various car models next month to mitigate the impact of high commodity prices and foreign exchange rates, the automaker said on Wednesday. “It has become imperative for the company to pass on some impact of the … additional cost to customers through a price increase across various models in January 2019,” the ...

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Female passengers to get 6 more reserved berths in 3AC class of all trains

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New Delhi: Ministry of Railways has decided to earmark reserved accommodation in trains for female passengers in 3 AC class of all Rajdhani/Duronto/fully Air Conditioned trains. “…it has been decided that a reservation quota of six berths in 3 AC class of all Rajdhani/Duronto/fully Air Conditioned trains (having 3 AC class) should be earmarked for female passengers, irrespective of their ...

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