Business

OnePlus to launch 5G smartphone next year, confirms Pete Lau

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New Delhi: Chinese handset maker OnePlus will launch 5G smartphones with a flagship device next year, featuring the latest Qualcomm Snapdragon 855 mobile platform, the company’s chief executive officer Pete Lau has confirmed. Speaking at the Qualcomm Snapdragon Technology Summit in Hawaii Pete Lau said, “OnePlus has a long established close relationship with Qualcomm Technologies, which not only provides core ...

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Pakistan plans to impose ‘sin tax’ on cigarettes, colas, candies

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Islamabad: In a bid to deter people from products which are harmful – to varying degrees – to health, Pakistan is considering imposition of a ‘sin tax’ on cigarettes and products high on sugar content like soft drinks, candies and sugar itself. The country’s minister for National Health Services, Aamer Mahmood Kiani, said at a recent conference that the Imran Khan government ...

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HCL Tech to acquire select IBM software products for $1.8 billion

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New Delhi: Indian IT company HCL Technologies Friday said it will acquire select IBM software products for USD 1.8 billion (over Rs 12,700 crore) in an all-cash deal. The transaction, subject to “completion of applicable regulatory reviews”, is slated to close by mid-2019, HCL Technologies said in a statement. The deal entails seven products in areas including security, marketing and ...

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Maharashtra government orders demolition of Nirav Modi’s beach-facing bungalow in Alibaug

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Mumbai: The Maharashtra government has told the Bombay High Court that it has ordered demolition of fugitive jeweller Nirav Modi’s illegal bungalow built along the beach at Alibaug in adjoining Raigad district. Government counsel advocate P B Kakade told a bench of Chief Justice Naresh Patil and Justice M S Karnik on Thursday that it had served demolition notices to ...

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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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