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1. Owners of some news channels could have 'underworld links': Zee chief Subhash Chandra</br><br> Media baron Subhash Chandra today questioned the regulatory norms on ownership structure and said it wouldn't be surprising if some of the news channels are "owned by the underworld." In the light of mushrooming of news channels, he also called for adopting a strict funding criteria, as the Reserve Bank does in case of financial institutions, for checking the source of funds. "Today, ownership of media, particularly of news channels is opaque. We should not be surprised if some of these news channels are owned by underworld elements," Subhash Chandra who runs the Zee brand of news channels and general entertainment channels, was quoted as saying in a company statement here. (Reuters)
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2. Diesel car sales may pick up again as price gap widens:</br><br> After the latest revision of petrol and diesel prices by the oil marketing companies on July 31, the price difference between diesel and petrol in New Delhi is now over Rs 18 a litre. (Reuters)
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3. Suzuki's premium hatchback Baleno to debut in Frankfurt: </br><br> Japan's Suzuki Motor Corp says its premium hatchback, named 'Baleno', will be unveiled at the Frankfurt Motor Show next month – this harks back to the big sedan that the automaker had once trotted out in India, but its sales were never satisfactory. However, the car has been given a full makeover now. Maruti Suzuki India (MSI) is expected to launch the model in the domestic market around the festive season this year. (Reuters)
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4. Google, Samsung to issue monthly Android security fixes: </br><br> Google Inc and Samsung Electronics Co will release monthly security fixes for Android phones, a growing target for hackers, after the disclosure of a bug designed to attack the world's most popular mobile operating system. (Reuters)
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5. Facebook musters users voice to defend Internet.org in India: </br><br> Facebook has started a public campaign to make its case before lawmakers for allowing free Internet access to platforms like Internet.org. Facebook users in India are getting a message on their profile pages which seeks their opinion on having free basic online services in the country. (Reuters)
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6. After Micromax and Lava, Karbonn too plans exclusive online launches:</br><br> Smartphone maker Karbonn is joining the online-only bandwagon with the launch of Titanium Mach Five. This comes within weeks of Micromax announcing Xpress and Lava’s sub-brand Xolo launching Black, both Flipkart-only product ranges. (Reuters)
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7. Gold faces longest weekly losing run since 1999:</br><br> Gold edged up on Friday as the dollar softened, but was on track for a seventh straight weekly fall, the longest since 1999, as the market braced for U.S. non-farm payrolls data that could help determine the timing of a Federal Reserve rate hike. (Reuters)
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8. Thomas Cook to acquire Kuoni's India, Hong Kong business for Rs 535 cr: </br><br> Thomas Cook India has entered into an agreement with Kuoni group to buy 100 per cent stake in Kuoni Travel (India) Pvt Ltd, Thomas Cook India said in a statement. It will take all 1,800 employee of Kuoni's Travel business unit and will continue to run the business activities as an "independent entity", it added. (Reuters)
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9. Landline phone connections decline over 15% in 2.5 years: Govt:</br><br> The number of landline phone connections declined to 26.15 million at the end of June, 2015 from 30.79 million as on December 31, 2012, Minister of Communications and Information Technology Ravi Shankar Prasad said in a written reply to the Rajya Sabha. (Reuters)
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10. GST more important than Land Bill: Adi Godrej:</br><br> Raising concerns over disruptions in Parliament stalling key reform bills, top industrialist Adi Godrej today said the Goods and Services Tax (GST) Bill is “by far the most important” but the revised bill has got many “infirmities”. (Reuters)
