Child born of rape has right to assaulter's property: HC

The Lucknow bench of the Allahabad high court on Tuesday ruled that a child born of rape has inheritance rights to the biological father's property . The right will, however, be subject to the personal law concerned.

RCOM buys Sistema India, Russian co to get 10% stake

Reliance Communications (RCOM) will buy Russian conglomerate Sistema's Indian wireless business, operating under the MTS brand, in an all-stock deal, bringing an end to months of negotiations. This will be the first major M&A transaction in the wireless sector in recent years.

Olacabs may acquire TaxiForSure

In what may turn out to be the first big consolidation move in the tech-backed cab services market, Olacabs is close to buying out TaxiForSure for $200-250 million, sources told TOI. The deal is already sealed and a formal announcement could be made in the next few weeks. Backed by Japan's SoftBank Corp, Ola's acquisition of the four-year-old startup will make the combined entity a clear leader in India's fast-growing cab aggregation market, giving it a significant leg up over Uber. The wait for a radio taxi licence for Uber, Ola and others just got longer. On Wednesday , transport department officials said applications for a licence under the radio taxi scheme by appbased taxi services had been sent back to the companies.

Apple profits: Company's record-breaking numbers beat expectations as sales of new plus-sized iPhones boom

Apple has recorded the biggest quarterly profits ever made by a public company, as sales of its new plus-sized spiked over Christmas.

Apple said on Tuesday that it sold 74.5 million iPhones during the three months that ended on 31 December, beating all predications about the new device, which was introduced in September.

The Associated Press said that the surge in sale of the phones drove the company’s total revenue to $74.6bn, up 30 per cent from a year earlier. Net profit rose 38 per cent to $18bn, as Apple reported earnings of $3.06 a share. 

Anna Hazare Hits out on MODI government on Black Money

Anti-corruption campaigner Anna Hazare on Wednesday attacked the Narendra Modi government for its 'failure' to bring back black money stashed in tax havens abroad and said people will teach it a lesson for the "fraud" perpetrated on them.

The 77-year-old Gandhian also refused to be drawn into the subject of political slugfest going on between his two former proteges — Aam Aadmi Party leader Arvind Kejriwal and BJP's Kiran Bedi — in the Delhi assembly elections.