Tag Archives: under

Toshiba Said to Be Under Pressure to Consider Plan B as Chip Sale Falters

As the $18 billion (roughly Rs. 1,16,325 crores) sale of Toshiba’s memory chip unit to a government-approved consortium falters, some bankers and potential investors are pressing the board to seriously consider alternatives, people with direct knowledge of the sale process said – including picking a new buyer. Those people say Toshiba’s leadership is sticking to Plan A: selling… Read More »

Under pressure to soften Brexit, PM May nears deal with Northern Irish ‘kingmakers’

British Prime Minister Theresa May neared a deal with a Northern Irish Protestant party to save her premiership on Tuesday as she came under intense pressure to soften her approach to Brexit days before the start of formal EU divorce talks. May’s botched election gamble, which saw her lose her parliamentary majority, left her so weakened that supporters… Read More »

North Korea says will have dialogue with U.S. under right conditions – Yonhap

A senior North Korean diplomat who handles relations with the United States said on Saturday that Pyongyang would have dialogue with the U.S. administration if conditions were right, South Korea’s Yonhap news agency reported. Choe Son Hui, North Korea’s foreign ministry director general for U.S. affairs, made the comment to reporters in Beijing as she was travelling home… Read More »

Sky bid puts independent directors under pressure

Sky’s independent directors are under mounting pressure to secure a higher bid from Rupert Murdoch for the 61% stake in the satellite broadcaster it does not own. On Friday, 21st Century Fox announced a possible bid for Sky priced at £10.75 a share, valuing the company at £18.5bn. Investors are concerned that James Murdoch is both chairman of… Read More »

LG Unveils Fingerprint Sensor That Sits Under a Smartphone Display

Apple began pioneering smartphone fingerprint sensors in its smartphones a few years ago, with the iPhone 5s. Since then, numerous manufacturers have introduced fingerprint sensors on their smartphones. Now, LG is doing the pioneering, and is touting its new fingerprint sensor that sits under the display. This means that when you will place your finger on the cover… Read More »

Greece sends first migrants back to Turkey under new EU deal

The first migrants to be deported from Greece as part of a controversial new EU plan to tackle the migration crisishave landed on Turkish soil. Three boats carrying 202 people departed in the early hours of the morning from the Greek islands of Lesbos and Chios. Migrants on board the first ferry were escorted ashore by Turkish police… Read More »

Verizon’s breach experts missed one right under their noses

An intruder to Verizon Enterprise stole contact data on customers, possibly as many as 1.5 million Verizon Enterprise, a bulwark against cyberattacks at many large organizations, has suffered a security breach itself. A flaw in the company’s systems allowed an attacker to steal contact information on Verizon Enterprise customers, the company acknowledged Thursday. Verizon said it has fixed… Read More »

Japan consumer inflation flat, keeps BOJ under pressure

Japan’s consumer inflation was flat in the year to February as low energy costs and weak consumption put a lid on price growth, government data showed on Friday, keeping the central bank under pressure to top up stimulus although it eased policy less than two months ago. A separate BOJ index calculated by the central bank to strip… Read More »

Govt allows 49% FDI in insurance under automatic route

Seeking to attract more foreign investment, the government has relaxed FDI norms for insurance sector by permitting overseas companies to buy 49 per cent stake in domestic insurers without prior approval. Currently, foreign direct investment up to 26 per cent is permitted through automatic approval route. For FDI up to 49 per cent, the approval of Foreign Investment… Read More »

Investment in penny stocks under tax scanner

After the securities market regulator, the income tax department has clamped on individuals misusing the stock exchange platform for evading taxes and converting black money into white. The Central Board of Direct Taxes (CBDT) has directed officers to open cases against individual taxpayers who have booked capital gains or losses by transacting in penny stocks. These are scrips… Read More »