Top 10 news today (business): Child born out of rape has property rights, Micromax Canvas 5 priced at Rs 11,999 on launch, Maggi noodles on sale by Diwali, more
In a significant judgement, Allahabad High Court has ruled that a child born out of rape will have inheritance rights over the property of the assaulter, the “biological father”. A Division Bench of Justice Shabihul Hasnain and Justice D K Upadhayaya said the child will be treated as an illegitimate child of the rape accused and will have inheritance rights to his property. The court, however, added that if the child is given away for adoption, then he/she will not have any rights on the property of the biological father.
Child born out of rape has right over assaulter's property: High Court </br><br>
In a significant judgement, Allahabad High Court has ruled that a child born out of rape will have inheritance rights over the property of the assaulter, the "biological father". A Division Bench of Justice Shabihul Hasnain and Justice D K Upadhayaya said the child will be treated as an illegitimate child of the rape accused and will have inheritance rights to his property. The court, however, added that if the child is given away for adoption, then he/she will not have any rights on the property of the biological father. (PTI)
Micromax Canvas 5 launched at a price of Rs 11,999 </br><br>
Micromax on Thursday launched Canvas 5 dual-SIM smartphone in India at a price of Rs 11,999. The phone will be available in all stores from Wednesday evening. Check out Micromax Canvas 5 specifications: * Canvas 5 sports a 5.2-inch Full HD IPS display; * It is powered by a 1.3GHz MT6753 octa-core processor with 3GB RAM and has 16GB storage space. It runs Android Lollipop OS; * The rear camera is 13 MP, whereas the front camera is 5MP. The battery of the Canvas 5 is 2900mAh battery. This is a 4G LTE enabled smartphone; * The company has also added a SwiftKey keyboard as the one default one in this smartphone; * Micromax has added a faux leather rear to the back of the phone to boost its style quotient. (Source: Microsoft)
Nestle to start sale of Maggi noodles this month </br><br>
Swiss giant Nestle today said government approved labs have found the newly manufactured samples of instant noodles Maggi noodles safe and the company will start retail sales of the popular snack this month – some reports said by Diwali. All samples of the newly manufactured batches from its three plants – Nanjangud (Karnataka), Moga (Punjab) and Bicholim (Goa) – have been cleared by three NABL accredited labs, as mandated by the Bombay High Court. "Now that the orders of the Bombay High Court have been complied with, we will make our best endeavor to commence the sale of MAGGI Noodles Masala within this month," Nestle said. (AP)
Raghuram Rajan defends his speech on 'intolerance' </br><br>
RBI Governor Raghuram Rajan has defended his speech that called for tolerance and mutual respect, saying India will be "crazy to lose" the biggest advantage it has to intolerance. "It wasn't a speech about 'here and now'," Rajan told Bloomberg. "It was more about where is the dialogue going and how are we going to maximise the advantage we already have. For that, we need to keep this an open society and we resist all attempts at closing it down. Everyone should "calm down a bit in order to foster healthy debate. You cannot have a debate by screaming at one another," Bloomberg today quoted Rajan as saying. Let the ideas fight each other, but let's not prevent each other from saying what we think," he said. (AP)
In a first, CVC probes bribery charges involving US MNC Wal-Mart </br><br>
Wal-Mart has come under scanner of the Central Vigilance Commission which has summoned country head of the retailer amid allegation that it gave bribes to government officials to get customs clearances and obtain permits to set up stores in India. It is for the first time that the probity watchdog has started investigation involving a private company. The probe, which is the first of its kind where the CVC has taken a suo-moto cognisance of a media report, will include screening of the documents of the company. "Some observations have been made that Wal-Mart gave some amount to government officials here. It is our duty to look into it," Vigilance Commissioner T M Bhasin said. (AP)
Twitter replaces stars with hearts </br><br>
Twitter Inc has replaced its star-shaped “favorite” icon with a heart-shaped icon called “like”, the latest effort by the company to make its website more engaging. The company, facing slowing user-growth, joins Facebook and Google’s YouTube in featuring “like” buttons, which have been popular with millions of users. Instagram, the photo-sharing app bought by Facebook in 2012, also has a heart-shaped icon for users to “like” pictures. James Cakmak, an analyst at brokerage Monness, Crespi, Hardt & Co, said he thought Twitter was trying to make its site more consistent with experiences on other platforms. “It’s not going to move the needle in any material way,” he said, referring to the company’s efforts to boost user growth. The modification fits with Chief Executive Jack Dorsey’s drive to improve user engagement. (Reuters)
Centre to issue notice to German carmaker Volkswagen </br><br>
Government will today issue notice to Volkswagen Group over "significant variations" that have been found by testing agency ARAI in on-road emission levels, compared to laboratory measurements, of the firm's three diesel models in India — Jetta, Audi A4 and Vento. "ARAI has found significant variations in the emission level in on-road vehicles as compared to the laboratory measurements. We are issuing a notice to Volkswagen Group of companies today to give technical inputs and explain their position," Ambuj Sharma, Additional Secretary, Heavy Industries Ministry said. (AP)
Services sector growth hits 8-month high in October </br><br>
India's services sector activity touched an eight-month high in October driven by a significant rise in new business orders even as growth in manufacturing output eased, a Nikkei survey said. The Nikkei Business Activity index climbed to 53.2 in October, from 51.3 in September, as fresh orders expanded at a solid pace and were most pronounced since February. "Services companies saw a faster rise in new businesses than their manufacturing counterparts," said Pollyanna De Lima, economist at Markit. (AP)
36.5 pc rise in indirect tax receipts a huge positive: Arun Jaitley </br><br>
The manufacturing sector, a key driver of economy, is seeing an uptick in growth as reflected in robust indirect tax collections, Finance Minister Arun Jaitley said today. "I can now see trickles of growth. One of the greatest positives I can see is a huge increase in indirect tax revenues. As of October 31, the actual rise has been a staggering 36.5 per cent," he said at the National Strategy Day on India, jointly organised by the World Economic Forum and CII. The 36.5 per cent rise in indirect tax collections "looks bigger because of certain additional revenue measures which we took since November last year", he said. (AP)
Reforms in India to continue irrespective of Bihar poll results: Rahul Bajaj </br><br>
Noted industrialist and Bajaj Auto Chairman Rahul Bajaj today said economic reforms will continue irrespective of the outcome of Bihar assembly elections. "There will be implications. Those who say there will no implication, I don't agree with them. There will be implications, one way or the other… the way I see Mr Modi, the FM and others in the BJP, irrespective of whether they lose or win, the reforms will continue," he said. On the other hand, he added, the reforms might be pursued more vigorously if the ruling NDA loses elections. "I don't know about Bihar result, but I think reforms will continue…. May be a man like Arun Jaitley will say reforms will continue with more vigour if we lose," he said. (PTI)
