Top 10 biz headlines: No relief for FPIs, more trouble for TikTok, and more

FPIs get no relief from FM Nirmala Sitharaman on ‘super-rich‘ tax

The controversial super-rich tax on foreign portfolio investors (FPIs) that are organised as trusts will stay undiluted as Parliament passed the Finance Bill, 2019, on Thursday. Finance Minister Nirmala Sitharaman dismissed the argument of the Opposition that the tax would lead to a flight of FPIs.

Sebi tightens disclosure framework for listed banks; to address issue of abrupt auditor exits

Sebi said that all listed banks will have to disclose if their additional provisioning for NPAs assessed by RBI exceeds 10 per cent of the reported profit before provisions and contingencies. Meanwhile, the market regulator has also proposed stricter norms to strengthen audit processes and curb abrupt resignations of auditors in publicly traded companies. On the other hand, it said that recent budget proposals could undermine its role as regulator, particularly with respect to the recommendation that the minimum public shareholding be raised to 35 per cent from 25 per cent.

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50 years of Apollo mission: Was Moon landing fake? Here are the facts

Even fifty years after astronauts Neil Armstrong and Buzz Aldrin walked on the Moon, there are people who still insist that it never happened and that it was a hoax perpetrated by the US government.

On July 20, 1969, the Apollo 11 Mission landed two men on the Moon. Michael Collins and Buzz Aldrin piloted the lunar module, which detached from the spacecraft and landed on the Moon’s surface. Their commander, Neil Armstrong, became the first man on the Moon. He passed away in 2012 at the age of 82.

However, conspiracy theories that claimed that the moon landing was faked and that it was all a Hollywood-like cinematic production shot on Earth have been doing the rounds for decades.

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Realme X brings pop-up selfie camera, in-display fingerprint at Rs 16,999

Chinese electronics maker BKK Electronics’ smartphone brand Realme on July 15 launched in India the Realme X. The Flipkart-exclusive smartphone comes in 4GB and 8GB RAM variants, priced at Rs 16,999 and Rs 19,999, respecively. Both the RAM variants come with 128 GB of internal storage, with no provision for a microSD card to expand storage.

The phone comes in two colours – blue and white – and two limited editions, Spiderman and Master (inspired by Onion and Garlic). The Spiderman edition comes bundled with a Spiderman-inspired protective case and theme. The Master edition has a disctinctive design inspired from Onion and Garlic. Both these limited-edition devices come only in 8GB RAM and 128GB storage configuration, priced at Rs 19,999 and Rs 20,999, respectively.

In terms of specifications, the Realme X has a 16-megapixel motorised pop-up selfie camera, 48MP + 5MP dual camera set-up on the rear, AMOLED screen, in-display fingerprint sensor and Qualcomm Snapdragon 710 system-on-chip. The phone has a 6.53-inch screen, with no notch or punch-hole, stretched in a tall 19.5:9 aspect ratio and protected by a sheet of Corning Gorilla Glass 5. Powering the phone is a 3,765 mAh battery, which supports OPPO’s proprietary VOOC 3.0 20W fast charging through bundled USB type-C charger. The phone boots the Android Pie operating system-based ColorOS 6 user interface.Read more about Realme X brings pop-up selfie camera, in-display fingerprint at Rs 16,999 on Business Standard.

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Four-storey building collapses in Mumbai’s Dongri, 12 killed

At least 12 people were killed and many feared trapped under debris after a four-storey building that collapsed in Mumbai’s Dongri.

The building collapsed at around 11.40 am on Tuesday. Fire tenders and three teams of the National Disaster Relief Force (NDRF) are carrying out rescue operations — looking for survivors. Five people, including three children, have been rescued so far.

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As per Brihanmumbai Municipal Corporation’s (BMC) disaster management cell, the four-storey Kesarbai building collapsed at Tandel street in Dongri, Mumbai.

Two teams of the NDRF are currently at the site of the building collapse and are carrying out rescue operations.

An aerial shot of the spot showed that the collapsed four-storey building was situated in a congested, crowded neighbourhood with structures on all four sides.

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LG W30 review: Affordable phone, good design but lacks performance

Following the footsteps of its competitor Samsung, South Korean electronics major LG recently announced its India-centric W-series smartphones. The first batch of smartphones in the series include an entry-level LG W10 and an affordable feature-rich proposition the LGW30. The latter brings V-shaped notch screen, triple rear cameras, big capacity battery and a redesigned operating system that looks almost stock Android to the sub-Rs 10,000 segment. The phone seems to be a balanced proposition in its segment, but how does it fare in real life scenarios? Let’s find out:

Design

The LG W30 looks premium and has a lightweight build. It has a V-shaped waterdrop notch display with limited bezels on the sides and top, and a thick chin at the bottom. The phone’s back is made up of polycarbonate with a glossy profile which gives the impression that it is made of glass. Like other phones with similar build, the phone’s glossy body is a fingerprint magnet and gets easily smudged. However, it has good resistance that protects it from accidental scratches and scuffs.

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HSSC Clerk Recruitment 2019: Last date to apply for 4,858 posts extended

HSSC Clerk Recruitment 2019: The Haryana Staff Selection Commission has extended the last date for filing application form for as many as 4,858 clerk jobs. The application form can only be filled online at HSSC’s official website Haryana Staff Selection Commission, Government of Haryana till July 30.

The candidates can go through the details of HSSC Recruitment 2019 here:

HSSC Clerk Recruitment 2019: Selection process

The selection of candidates will be done on the basis of their performance in the Computer-Based Examination being organised by the selection body.

HSSC Recruitment 2019: Eligibility

Educational Qualification

The candidate should be a 10+2/10+2 First Division/Graduation or its equivalent from a recognised board/university. He/she must have studied Hindi/Sanskrit up to 10th or higher education.

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Hyundai launches fully electric Kona SUV in India at Rs 25.3 lakh

South Korean auto major HyundaiTuesday launched its full-electric SUV Kona in India priced at Rs 25.3 lakh, and sought government support for electric vehicles (EVs) for personal usage, not just for fleets.

The company, which is present in the country through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), is also planning to develop a mass market EV for India to add to its newly launched full-electric SUV Kona.

“We have seen some positive development in the form of tax incentives on purchase of EVs as provided in the Budget, but we think more can be done by the government to accelerate adoption of EVs in India,” HMIL MD and CEO S S Kim told PTI in an interview.

He said currently EVs are extremely expensive which require economies of scale to make them affordable for mass adoption.

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HIV test compulsory before marriage? Goa is considering, says health min

Goa Health Minister Vishwajit Rane on Tuesday said that the coastal state’s government was mulling making HIV tests mandatory before the registration of marriages.

“We are considering making an HIV test compulsory for the prospective couples before registration of marriage in Goa. It is not mandatory right now,” Rane told IANS. Rane, who is also a Minister for Law, added that the proposal to make HIV testing compulsory before marriage was being vetted by the Law Department.

“If it is cleared by the Department soon, then we will table the law in the monsoon session of the state Legislative Assembly,” Rane said.

The monsoon session will begin on July 15. In 2006, a similar proposal was mooted by then Health Minister Dayanand Narvekar, with the Goa cabinet approving the legislation making HIV testing mandatory before marriage.

But the initiative did not reach fruition.