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Reliance Jio offers 2,200 cash back on smartphone purchase
Posted on 17th February 2018
Reliance Jio has tied up with 22 handset manufacturers and will offer to new as well as existing subscribers cash back of `2,200 if they purchase a smartphone and recharge it with the operator’s `198 or `299 plans.

The operator accounts for 50% of the 4G handsets market share and through the ‘Football Offer’, it aims at increasing its subscriber market share.

Under the new cash back offer, its fourth since November 2017, all existing and new Jio customers, who purchase a smartphone and do a recharge with its Rs 198 or Rs 299 plans, will become eligible for 44 vouchers of Rs 50 that will be credited to the customers’ MyJio account.

The latest offer is valid from February 16 to March 31, 2018 and Jio subscribers can use vouchers for recharges till May 2022.

Jio has partnered with 22 handset makers including Huawei, Samsung, Xiaomi, Noika, Motorola, Micromax, Panasomic, LG and Blackberry. However, the offer is applicable only on the Indian variants of eligible devices.

The Jio Football Offer is available for all eligible devices, whether purchased from brick and mortar stores or from e-commerce sites in the country during the offer period.

Jio’s cash back offers have become sharper and more frequent since it hiked tariffs by reducing the validity of the voucher in October 2017.

The first such offer was launched in November 2017 and expired on January 15. The second cash back offer expired on January 31, while the third one expired on Thursday (February 15).

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Nirav Modi scam: Diamond traders now courting firms with long-term credit
Posted on 21st March 2018
In the aftermath of the Rs 129-billion fraud at Punjab National Bank (PNB) involving Nirav Modi and Gitanjali Gems, traders of loose diamonds are now shifting to organised sectoral players with deeper pockets for credit offers to consumers.

Since most banks have tightened their lending to diamond merchants and others are in the process of doing so, many medium and small diamond dealers are approaching large players for credit facility within the industry.

Facebook places full-page ads in Mexican newspapers warning about fake news
Posted on 21st March 2018
After coming under fire for its role in the 2016 U.

S. election, Facebook Inc is taking steps to prevent what it calls fake news during Mexico’s presidential campaign.

The social-networking giant on Tuesday placed full-page ads in prominent Mexican newspapers including El Financiero under the title “Tips to Detect Fake News.” The company’s logo appears on the top left corner.

2G case: Delhi HC issues notice to Raja, Kanimozhi and others
Posted on 21st March 2018
The Delhi High Court on Wednesday sought response from A. Raja, DMK MP Kanimozhi and 17 others on appeals by CBI and Enforcement Directorate (ED) challenging a Special CBI Court verdict acquitting all of them in connection with the 2G spectrum allocation case.

Justice S.P. Garg also directed one of the accused Dynamix Balwa group of companies and its associates to maintain status quo with regard to properties worth ₹ 223.55 crores, which was attached by Enforcement Directorate (ED) during the trial as ‘proceeds of crime’ till the next date of hearing on May 25.

Jayalalithaa did not heed advice to go to hospital, says Sasikala
Posted on 21st March 2018
It was at 9.30 p.m. on September 22, 2016, that then Tamil Nadu Chief Minister Jayalalithaa called out for help. According to her aide V.K. Sasikala, Jayalalithaa had indicated she was unwell while she was in the bathroom situated on the first floor of her Poes Garden residence, after having brushed her teeth.

In an affidavit filed before the Justice A. Arumughaswamy Commission (probing Jayalalithaa’s death), Sasikala provides an account of what transpired at Jayalalithaa’s residence before she was rushed to hospital.

ICICI Bank raises Rs 40 billion via bonds, money to be used to fund growth
Posted on 21st March 2018
Private sector lender ICICI Bank on Tuesday said it has raised Rs 40 billion from bonds to fund growth.

"The Committee of Executive Directors of the bank at its meeting held today has approved the allotment of 40,000 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating Rs 4000 crore (40 billion) on private placement basis," ICICI Bank said in a regulatory filing to stock exchanges.

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