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Sachin Bansal's Navi paid Rs.5 Cr plus to Ankit in salary and perks

Wednesday, October 16, 2019, 3:24 PM

Ankit Agarwal, who along with Flipkart Co-founder Sachin Bansal founded investment fund Navi Technologies (formerly BAC Acquisitions), drew over Rs.5 crore in salary and perks in FY19, a source reported. The fund was founded in December 2018 itself. It posted a total income of Rs.16.7 crore and turned out profits in the very first fiscal of its operations.
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Apple Approves Controversial Hong Kong App After Rejection

Saturday, October 5, 2019, 1:22 PM

Apple has reversed the ban on a Hong Kong app 'HKmap.live' that allows tracking of police activity and protestors. Apple had told the app's developer that it was banned as it "facilitates, enables and encourages an activity that is not legal" and "allowed users to evade law enforcement." The app helps users avoid potentially dangerous areas, as per the developer.
 
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Cox & Kings being probed in Rs 40 crore fraud case

Friday, October 4, 2019, 5:41 PM

Kolkata Police has launched an investigation against tour operators Cox & Kings (India) in a cheating and misappropriation case for allegedly collecting an amount of Rs 40 crore from around 75 people "on the pretext of conducting overseas tours". The tour operator failed to fulfil the commitment and did not return the booking amount, a top officer said on Friday.

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