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The nice ones will be rewarded - in business
"Good guys finish last" is a common saying, but is not necessarily true when it comes to handling business, or so as others would like to believe. To some, a firm hand and a cold resolve would make for a fine CEO, whether that CEO is a man or a woman. However, kindness is beneficial to the businesses' customers and employees.
Indian market regulator slaps $1.1B fine on PACL Ltd
Securities and Exchange Board of India (SEBI), the Indian stock markets regulator, has imposed a heavy fine of $1.1 billion (INR 72.7bn) on New Delhi-based real estate firm PACL Ltd for illegally raising funds to the tune of INR491 bn from the market. Sebi has further directed PACL Ltd to cough up the fine amount within 45 days from the order date. The fine amount is the biggest penalty so far that SEBI imposed on any company.
Volkswagen scandal is gaining steam
German automaker Volkswagen Group is under scrutiny after it was found by the U.S Clean Air Group that some of its cars did not pass the standard emission test. The test conducted by Peter Mock and John German revealed another scandal - the use of "defeat device" software in its cars.
Apple’s API for ad blockers is a threat to Google and web publishers
Since Apple made it easier for developers to create ad blockers, blocker apps gained revenue in the App Store. Reports said this is an absolute danger for Google and web publishers. In June, The Next Web reported Apple Inc. has provided tools for developers to create apps that block web ads. The tools are exclusively only for iOS9's default browser Safari.