Amazon.com Inc. is in talks with big banks including JPMorgan Chase & Co. about building a checking-account-like product the online retailer could offer its customers, according to people familiar with the matter.
The effort is still in its early stages and may not come to fruition, the people said. The talks with financial firms are focused on creating a product that would appeal to younger customers and those without bank accounts. Whatever its final form, the initiative wouldn’t involve Amazon becoming a bank, the people said.
If the product emerges, it would further inject Amazon into the lives of those who shop on its website and at its Whole Foods grocery stores, read on its Kindles, watch its streaming video and chat with Alexa, its digital assistant. Offering a product that is similar to an own-branded bank account could help reduce fees Amazon pays to financial firms and provide it with valuable data on customers’ income and read more
The Memoriam performance was done by the American musician, Eddie Vedder, who took the stage to sing Tom Petty’s “Room at the top”.
Padma Shri awardee actress Sridevi passed away on late night on February 24, 2018, in Dubai, where she went to attend a family wedding.
According to the forensic report, the 54-year-old Indian actress died of accidental drowning in her hotel room’s bathtub, after suffering a dizzying spell. Traces of alcohol were found in her body too.
Shashi Kapoor, a Padma Bhushan awardee, passed away in December 2017 at the age of 79 due to liver problems.
Other legends that were mentioned in the Memoriam montage included Walter Lassally, Robert Osborne, Harry Dean Stanton, Jonathan Demme, John Heard, Glenne Headly, Jerry Lewis, Roger Moore and Sam Shepard, among read more
Last month, Punjab National Bank (PNB)detected a Rs 126 billion scam, in which diamond trader Nirav Modi acquired fraudulent letters of undertaking from one of its Mumbai branches for overseas credit from other Indian lenders. The scam started in 2011 and was detected in the third week of January this year, after which the PNB officials reported it to the concerned agencies.
On Sunday, CBI arrested four officials of Nirav Modi, Mehul Choksi’s companies. Today, Vipul Ambani and five others were sent to 14-day judicial custody.
Here are top 10 developments
1. Violation of norms for issuance of Letters of Undertaking (LoUs) to benefit billionaire jeweller Nirav Modi and his uncle Mehul Choksi had been going on since 2010, the CBI told a court here today.
The agency, which secured a 12-day remand of four accused arrested yesterday, explained the modus operandi involved in the alleged Rs 12,636-crore Punjab National Bank (PNB) fraud before the special CBI court here.
An LoU would be issued to one of the firms of Modi and Choksi, and after the money was credited to the applicants’ account, a new LoU would be obtained to “adjust” the earlier one, the CBI lawyer said.
This had been going on since 2010, the lawyer said, while seeking remand of four accused including Aniyath Shiv Raman Nair, Director of Gitanjali Group of Companies of read more
Oscars 2018: The 90th Academy Award concluded on Monday with Guillermo Del Toro-directed The Shape of Water bagging two of the top honours — for best film and best director. Bollywood diva Sridevi, often called the first lady superstar of Indian films, and Shashi Kapoor — bothof whom passed away recently — featured in the Award ceremony’s ‘In Memoriam’ section, which pays tribute to artistes who died this year.
Others who featured in the section included James Bond star Roger Moore, Mary Goldberg and Johan Johansson, John Heard and Sam Shephard.
The Shape of Water, a fantasy drama, has been in the midst of controversy over the allegation of being a copy of the 1969 play Let Me Hear You Whisper.
The film stars Sally Hawkins as a mute cleaner working in a Cold War-era lab facility who bonds with a sea creature being kept there.
The film dominated the Academy Awards’ nomination pack this year, appearing in read more
The Central Bureau of Investigation (CBI) on Sunday arrested four more people in connection with the billion dollars Punjab National Bank fraud case.
The investigation agency arrested an auditor and two employees of jeweller Nirav Modi’s Group of Companies and a director of Gitanjali Group of Companies in the said case.
Manish K Bosamiya, then Additional General Manager (operation) and Miten Anil Pandya, then Finance Manager of Firestarter Diamond International Pvt Ltd., a Modi’s diamond firm, were arrested for their alleged role in the preparation of applications for the fraudulent Letter of Understandings (LoUs) submitted to the PNB.
Sanjay Rambhia, the partner in a Mumbai’s Chartered Accountant firm M/s Sampat and Mehta and Aniyath Shiv Raman Nair, then Director of M/s Gili India Ltd. was also arrested in the same case.
The Punjab National Bank detected a 1.77 billion dollar scam in which Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from read more
Technology, in different forms, impacts human lives every day. Whether it is the smartphones in our hands, television, cars we drive or the cabs we travel in, everything is being supported by innovative technology that is constantly evolving to suit human needs and make our lives easier.
Amid concerns over women safety and some of the Indian cities like Delhi often being labelled as unsafe for women, it is imperative that we look at the few technologies that are proving a blessing for women.
From traveling safe and independently, to being connected to loved ones on a solo trip, there gadgets and platforms are a boon for ladies in an environment where the safety of a woman is a constant debate.
Here are a few tech platforms that are encouraging woman and helping to bring about a change read more
Wedding bells may soon be ringing in the country’s premier business family.
According to reliable sources, Mukesh Ambani’s eldest son Akash may soon be betrothed to Shloka, the youngest daughter of Russell Mehta, Managing Director, Rosy Blue India, one of the country’s leading diamond companies.
Though both families are keeping the news under wraps for the present, sources in the know indicate a formal engagement ceremony soon, with the probability of a wedding come December.
Akash, 27, is Mukesh Ambani’s elder son and twin of sister Isha, and older brother of Anant, 22.
Shloka is the daughter of Russell Mehta, head of Rosy Blue Diamonds, formerly known as B.Arunkumar & Co., which is now ranked among the top half dozen diamond companies of India. The family lives in south Mumbai.
Russel is the son of Arunkumar Ramniklal M., one of the co-founders of B Arunkumar & Co., way back in 1960 in Opera House, Mumbai’s hub of read more