meerut

One shareholder considered suing after a profit warning and said the company's boss had a limited grasp of key issues.   Carillion collapses into liquidation last month Carillion investors began "fleeing for the hills" up to two years before its recent collapse amid increasing concern about the company, MPs have said. One leading fund that started pulling out last year told a joint select committee investigation into the company that it had considered suing after a major profit warning. MPs were told that Carillion's interim boss was able to give only "limited and vague" responses to key questions. They said the firm's annual reports were "worthless as a guide to the true financial health of the company". The details come days ahead of a parliamentary hearing on Thursday when auditor KPMG will be asked about accounts that it signed off. Carillion, which employed more than 20,000 people in the UK, went into liquidation last month after a series ...

The iPhone maker admits devices running on iOS 11 can be affected by a flaw caused by a character in Indian language Telugu.  Apple said a fix was needed for iOS 11 Apple says it is working to fix a bug that can cause devices to crash. It responded to reports of apps becoming unresponsive by confirming that some versions of its operating systems were hit when a single character in Telugu, one of four official languages in India, was sent to the device or typed. Apple said that a fix was needed for iOS 11, macOS High Sierra, watchOS 4 and tvOS 11 but insisted older versions were not affected. The bug marked another hurdle for the company following a string of software problems - blamed by experts on a fast-paced release cycle that meant flaws were being left in code by programmers. :: Apple delays software features due to bugs - report Just last month Apple was forced to release software updates to patch processor flaws, known as Meltdown and Spectre, that left users potentially vul...

The UK's booming movie industry is now a larger part of the economy than the pharmaceutical industry in terms of employment. The BAFTAs will highlight the best of the UK's film industry By Adam Parsons, Business Correspondent As the British film industry prepares for its biggest celebration of the year, it finds itself at a defining point in its history according to some of the leading voices in UK movie-making. The BAFTAs on Sunday night will highlight the best in film acting, directing and a variety of production skills. But away from the glitz and red carpet, there are some profound questions facing the film business, which has developed into one of the most rapidly growing sectors of the British economy. Its growth has been supported by a group of factors. For one thing, successive governments have maintained tax incentives to encourage companies to make films in Britain. For another, some huge blockbuster series have made their homes in the UK - James Bond, Harry Potter an...

Idea said that the share sale launched on Wednesday has a floor price of Rs. 86.84 per share, with a potential discount of up to 5 per cent.            Idea said it intends to use the funds to reduce debt including loans for airwave purchases Mumbai : Wireless carrier Idea Cellular on Wednesday launched a share sale to institutional investors to raise up to Rs. 3,500 crore ($546 million) ahead of its merger with Vodafone's Indian business. Idea, part of the metals-to-financials Aditya Birla conglomerate, intends to use the funds to reduce debt including loans for airwave purchases, it said in a regulatory filing. Last month, Idea announced plans to raise a total Rs. 6,750 crore ahead of the proposed merger, which the two sides expect to close during the first half of this year. Idea said that the share sale launched on Wednesday has a floor price of Rs. 86.84 per share, with a potential discount of up to 5 per cent. The shares closed at Rs. 84.80 on the Nat...

The CBI received Punjab National Bank's complaints against celebrity jeweller Nirav Modi late last night, sources said Punjab National bank said $1.8 billion or over Rs. 11,000 crore had been illegally transferred MUMBAI:  Punjab National bank, India's second-largest government bank, reported today that $1.8 billion or over Rs. 11,000 crore of taxpayers' money had been illegally transferred abroad to select customers from a single branch in Mumbai. The revelation will affect the banking industry with the Finance Ministry asking all banks to investigate their books for similar cases and report to it by the end of the week. Not long after the news surfaced this morning, sources in the CBI were quoted by the Press Trust of India as saying that the agency had received two complaints against celebrity jeweller Nirav Modi, alleging fraud worth Rs. 10,000 crore. Here is a 10-point guide to the massive story: Punjab National Bank said in a regulatory filing to the stock exchange th...