Lookout Noticed Issued Against Yes Bank Founder Rana Kapoor

On Friday, Enforcement Directorate searched the Mumbai house of Yes bank founder Rana Kapoor. Also, the agency launched a money laundering probe against him. Fearing that Mr. Kapoor and other former directors of the bank could leave the country, the agency issued a lookout notice against them.

Restructuring Yes bank management

The Reserve Bank of India took over board of the bank for 30 days to restructure its finances. Also, it put a cap of Rs. 50,000 on withdrawal for Yes bank customers. The finance ministry said in its notification that the withdrawal cap will remain effective till April 3. RBI has appointed former SBI CFO Prashant Kumar as administrator of the beleaguered Yes Bank.

Union Finance Minister listed malpractices

Nirmala Sitharaman said that malpractices by top leadership of the bank were among the top reasons for centre’s decision to restructure the management of the bank. Ms. Sitharaman, in a press conference, said that RBI had been monitoring Yes bank since 2017.

The RBI noticed serious governance issues with Yes bank. There was a culture of weak compliance. Also, there were wrong asset classifications together with risky credit decisions. Ms. Sitharaman said that RBI started getting clear indications about the … Read the rest


Oppo Find X2 Pro: Beautiful Phone With Amazing Features

Oppo Find X2 Pro has got impressive features. It sports a top-end screen and provides 5G connectivity. Also, it has a cutting-edge chipset but the cameras look relatively mid-range and battery capacity might not be so impressive.

Design and display

The Oppo Find X2 Pro gives a very premium feel due to side-edges that are curved to a 68-degree angle and it is IP68-protected from dust and water to a high degree. But the popular 3.5mm headphone jack is missing in the phone.

Camera and battery life

The Oppo Find X2 Pro has three cameras in the rear. Both the first main camera and the second ultra-wide snapper have 48MP sensors but the third telephoto snapper has 13MP sensor. On the front, there is a 32MP sensor for selfie pictures. Also, the Oppo said that is has fixed some pain points in the camera.

For power, it packs a 4,260mAh battery with 65W VOOC charging support that can charge the battery from 0 to 100% within a record time of 35 minutes. It is incredible charging speed but the battery won’t last longer due to large screen.

Features and specs

The Oppo Find X2 Pro is a processing powerhouse as … Read the rest


Netflix March 2020: Release Dates Of Movies And Shows

Highlights of Netfilx’s March offerings include Ozark whose season two was aired 18 months back. Also, the Jason Bateman-starring money-laundering drama will return for the third season in March.

More from Netflix in March

Netflix has lined hit shows for the month of March. The sixth season of hit US police comedy Brooklyn Nine-Nine will be aired. Also, there are new shows waiting to be released. The English Game – the Downtown Abbey creator Julian Fellowes’s football drama – will start in March.

The Letter for the King – a fantasy series – is starting in March. Also, there is biographical mini-series – Self Made: Inspired by the Life of Madam CJ Walker – for the viewers. The series features Octavia Spencer and Tiffany Haddish.

Netflix movies in March

Spenser Confidentialis the must watch movie for Netflix subscribers. It is the latest collaboration between Mark Wahlberg and Deepwater Horizon director Peter Berg. Also, there is A Quiet Place – the 2018 horror hit – in the line. The best of March cinema on Netflix also includes Spirited Away and Princess Mononoke. These are the best from the next batch of Studio Ghibi classics.

Sunday 1st March

Netflix features 2010 movie … Read the rest

Honda Amaze pic

Honda Amaze: The Best Family Car In Its Class

There are few compact cars that can be called family vehicles. In India, family is more important and you need a real family car that gives extra space without compromising on comfort. Honda Cars in India present a perfect family car – Honda Amaze.

The best-selling Honda car

With over 3.9 lack sales, Honda Amaze is certainly the most popular family subcompact sedans in the country. Also, it is the best-selling model of Honda Cars in India. Itcomes with three-box proportion; has bold styling and strong character lines.

Spacious, sophisticated and safe

As you get inside, you see a spacious cabin finished with beige interior and upholstery. Also, the seats are draped in premium quality fabric. The front seats have got a sporty look. Also, they are bolstered for added comfort. The wide rear seat can easily accommodate three passengers. Also, there is a foldable armrest in the rear seat. It enhances comfort when there are only two passengers on the rear.

Build a cleaner India

Honda Amaze supports a healthier environment because it complies with cleaner Bharat Stage VI (BS6) emission regulations. Also, it provides a choice of petrol and diesel. Surprisingly Honda Amaze is the first diesel car … Read the rest

Global Sensex Fear

Global Sensex Tanks Amid Fear Of Coronavirus Spread

On Friday, domestic stock markets witnessed sharp loss in early trade sell off amid fear of recession due to spread of coronavirus pandemic. RBI’s action of saving the beleaguered Yes Bank and possible ramifications of that action further dented the Dalal Street sentiments.

Global Sensex Fear

Here’re 7 big things about stock market

  1. The S&P BSE Sensex index hit 37,011.09 points that was 1459.52 points down. And the NSE Nifty benchmark dropped to 441.60 points that was 10,827.40 points down. But the market trimmed some of the losses in the day.
  2. Yes Bank, IndusInd Bank, Tata Motors, SBI, Tata Steel and Zee Entertainment were the top losers. They traded between 5.16% and 25%.
  3. Yes Bank shares were trading at Rs. 17 that was 51% down after RBI suspended the Yes Bank board for 30 days. Also, it imposed a withdrawal limit of 50,000 on account holders till April 3.
  4. All the 11 sectors on the National Stock Exchange (NSE) including state-run banks, automobile and metal stocks were the worst hit.
  5. Panic selling was also visible in the broader markets. The BSE Midcap and Smallcap indices were down by 2.3% and 1.9% respectively.
  6. For the first time since 2018, rupee weakened past the 74-per-dollar
Read the rest

Umpires Appointed For India VS Australia Final Match

The umpires and officials for ICC Women’s T20 World Cup 2020 to be played on Women’s Day have been appointed. Kim Cotton and Ahsan Raza will stand as on-field umpires for the final. The final match will be played between India and Australia.

Selection of umpires and officials

The selections were made on the conclusion of the semi-finals in Australia. Kim Cotton, the New Zealand umpire, will be joined Ahsan Raza, a Pakistani umpire. It is the first time that the 42-year-old Cotton will take charge of the women’s T20 World Cup final. He also stood in the semi-final match between Australia and South Africa at the Sydney Cricket Ground (SCG).

Ahsan Raza has experience of ICC Women’s Cricket World Cup 2017 final played between India and Australia. Also, he was selected for the semi-final between India and England.

Supporting umpires

Gregory Brathwaite of West Indies will be the TV umpire for the historic final match between India and Australia in Melbourne. Langton Rusere of Zimbabwe will be the fourth-umpire while Chris Broad of England is made match referee. Rusere was on-field official for 2018 final.

Music concert

Global music superstar Katy Perry has been … Read the rest