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Fact Sight is a weblog, where you will find the latest news and updates of the market.

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Australia to probe Google, Facebook over media disruption
Technology 

Australia to probe Google, Facebook over media disruption

December 6, 2017 by Aadyot Basu

Australia’s competition regulator said on Monday it would investigate whether US online giants Facebook and Alphabet’s Google had disrupted the news media to the detriment of publishers and consumers. Like their rivals globally, Australia’s traditional media firms have been squeezed by online…

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Key findings of the IOC Schmid report on doping in Russia-Olympics
Sports 

Key findings of the IOC Schmid report on doping in Russia-Olympics

December 6, 2017 by Kartik Pandey

Following are the key findings of a report by the IOC disciplinary commission, headed by former Switzerland President and Federal Council member Samuel Schmid, that led to Russia being banned from the Pyeongchang Games on Tuesday. The commission based its findings on…

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MDR for Debit Card payments changed by the RBI
Others 

MDR for Debit Card payments changed by the RBI

December 6, 2017 by Admin

So as to support non-cash transactions which were stale for quite a while after new notes came back to banks, the Reserve Bank of India defended the Merchant Discount Rate (MDR) on Wednesday. The central bank has changed the charge levels to…

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Apple wins trademark case against Xiaomi
Business 

Apple wins trademark case against Xiaomi

December 6, 2017 by Aruna Bhayana

Apple Inc succeeded on Tuesday in preventing Chinese smartphone maker Xiaomi Inc from registering its “Mi Pad” tablet computer as an EU trademark because the name was too similar to Apple’s “iPad”. The European Union’s secondhighest court, the General Court, ruled that…

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Olympics-Russia banned from Pyeongchang Games: IOC
Sports 

Olympics-Russia banned from Pyeongchang Games: IOC

December 6, 2017 by Kartik Pandey

Russia has been banned from the 2018 Pyeongchang Winter Olympics after evidence emerged of widespread doping but some of its athletes will be allowed to compete under the tag of “Olympic Athlete of Russia”, the IOC said on Tuesday. The International Olympic…

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Honor View 10 coming to India on January 8
Technology 

Honor View 10 coming to India on January 8

December 6, 2017 by Aadyot Basu

Alongside the Honor 7X, Honor also globally launched Honor View 10 (V10) smartphone. The device is priced at EUR 499 (approx. Rs 38,000). The device will come to India on January 8. Honor says the V stands for View. The Honor V10 comes…

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International & Domestic ops of Air India to be sold together
Business 

International & Domestic ops of Air India to be sold together

December 5, 2017 by Aruna Bhayana

Union Minister Jayant Sinha yesterday said that Air India’s international and domestic operations would be sold together. The government has started the procedure for vital disinvestment of debt laden Air India as a major aspect of endeavors to resuscitate the national carrier….

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Apple agrees to pay Ireland over $15 billion in back taxes
Business 

Apple agrees to pay Ireland over $15 billion in back taxes

December 5, 2017 by Aruna Bhayana

iPhone maker Apple has agreed to pay Ireland $15.46 billion in back taxes by early 2018. According to Wall Street Journal, Irish Finance Minister Paschal Donohoe said on Monday that both sides agreed to the terms of an escrow fund for the…

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$770 Million incentive dispute, Nissan pledges to work with the Centre
Others 

$770 Million incentive dispute, Nissan pledges to work with the Centre

December 5, 2017 by Admin

Japanese automotive company Nissan on Friday said it was focused on working with the Indian government to fix a conflict about pending incentives to be given by the Tamil Nadu government. The automotive company has allegedly dragged the Indian government to international…

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Mahindra rolls out petrol XUV500 at Rs.15.49 lakh
Auto Business 

Mahindra rolls out petrol XUV500 at Rs.15.49 lakh

December 5, 2017 by Admin

Mahindra & Mahindra (M&M) today launched petrol variant of its SUV XUV500 priced at Rs.15.49 lakh (ex-showroom Delhi). The new trim would only be available with a 6-speed automatic transmission sourced from AISIN, Japan. The model is powered by its indigenously developed…

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Business

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