Funny Encyclopedia - The Funniest Encyclopedia of India

Widely touted as one of the greatest sportsmen of the 21st century,  Virat Kohli  has amazed  cricket  fans across the globe. His evolution from a temperamental youngster to a star in the making has left a mark on the cricket field and beyond.  However, while  Kohli  is best known for his on-field tactics, he is linked to startups and  entrepreneurship  as well. The 27-year-old has his own  fashion e-commerce  startup  Wrogn  and fitness center chain  Chisel  . He has invested into football and tennis, and engages with his fans online and offline via  Fanbox  .  In case you're wondering how serious he really is,  reports  suggest Kohli is set to invest 90 crore to set up a chain of gyms and  fitness centres  , and that's just the beginning.  Here's a look at the young cricketer's investments. See more at BusinessInsider  

Any concealment of income or under-reporting of income to evade tax can cost you dearly. The tracking mechanism of the income tax department has improved significantly in recent years. Now, you have to report your permanent account number (PAN) for all major transactions. Financial institutions with which you deal with like your bank, mutual fund company or credit card company feed the tax department with information regarding your transactions. The penalty in case of concealment and under-reporting of income can be as high as 200 per cent. "If you under-report income or don't report some of your income, you may receive notice from the tax department questioning the reason behind it. A penalty will be charged as per the tax laws," says Preeti Khurana, chief editor of Cleartax portal. According to tax experts, these are some of the income people generally don't declare to the tax authorities. 1) Gains or return on investment made in the name of spouse or mi

Image Source: Facebook Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”. During the press conference to announce NOKIA being acquired by Microsoft, Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”. Upon saying that, all his management team, himself included, teared sadly. Nokia has been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful. They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, they lost their chance of survival. The message of this story is, if you don’t change, you shall be removed from the competition. It’s not wrong if you don’t want to learn new things. However, if your thoughts and mindset cannot catch up with time, you will be eliminated. Conclusion: 1. The

Spicejet  The budget carrier has announced a special AED 299 Dubai to India Eid Mubarak fares promotional offer with an added option of availing an onward domestic connection (within India) for AED 24 (Base Fare excluding taxes and surcharge). The four day Spicejet promo has been launched from 3rd July 2016 and will be open till midnight of 6th July 2016 UAE time. The Spicejet offer fares have been made available on all 10 destinations directly serviced by SpiceJet from Dubai while the AED 299 all inclusive fares are applicable for Dubai-Mumbai and Dubai-Pune sectors Spicejet new offer, applicable on Amritsar, Delhi, Hyderabad, Jaipur, Kochi and Khozikhode flights from Dubai can be availed from AED 325 (all inclusive). The Dubai-Ahmedabad and Dubai-Madurai fares have been made available from AED 349 (all inclusive). Additionally, Spicejet passengers who avail the Eid Mubarak promo can also book for one-way domestic sectors (within India) on base fares starting from AED 24 (e

“He took a car on rent two months ago. To put his plan into action, he started a search for a similar Mahindra XUV car. Once he found a car of the same colour, he noted the details and then prepared a forged RC of the rented car. Unknown to the original owner, he sold the car. Later that night, he used the duplicate key to steal it.” A young businessman suffering losses in his business made a near-perfect plan to recover his money -- almost. Mintoo Kumar, 28, a BCA graduate, took a car on rent, sold it on a e-commerce site posing as the car owner and then stole it the same night from its new owner. Last week, police received information at the Dwarka sector 23 station about a car theft. The police on checking the car’s record were perplexed because the details given by the owner belonged to a different Mahindra XUV car of the same colour belonging to a Delhi resident. Explaining the sequence of events, an officer said, “The owner was not lying. He had bought the car throug

State Bank of India  (SBI) has offered to have a one-time settlement of the Kingfisher Airlines loan issue with India's former liquor baron Vijay Mallya. However, the bank would like him to agree that he would repay the outstanding principal amount along with some interest and legal fees.  To this, Mallya has put some conditions which are said to unacceptable to the bank, as said by SBI chairman Arundhati Bhattacharya.  Bhattacharya told a parliamentary panel, set up for scrutinizing amendments to debt recovery laws, that in the past, SBI has aggressively tackled the matter and is now open to reaching one-time settlements, only if he offers to repay the principal along with a reasonable amount of interest.  However, she said that while Mallya had expressed his willingness to have a settlement, he had laid down some of his conditions which were not acceptable to the country's largest bank, which led the consortium of PSBs that had approached the court for an order agains

In December 2013, an Aston Martin owned by Reliance ports, allegedly being driven by Mukesh Ambani’s son, Akash Ambani was involved in a smash up in Mumbai, ramming into 2 other cars and injuring some people. People nearby noticed an adult male fleeing the scene in one of the SUV cars trailing the aston martin. The following day a 55 year old family driver of Ambanis appears before the police, claiming to be the driver of the car. The eye witnesses change their statements to have seen this aged man now as the driver fleeing the scene. Police refuses to arrest the man because it cannot conclusively decide who was driving. The owners of two damaged cars get brand new Audi and Skoda. The news is blacked out from the whole mainstream media including TOI(As i distinctly remember reading the article in TOI and it literally disappeared after few hours from the internet). Everyone goes home happy(and with filled pockets). Some links to the news(since international news sources could no

In recent days Flipkart the largest indian online mega store have faced so many looses due to tricky customers & also frauds . It have got a huge loss due to shipping & handling wastage. i.e, it had wasted so money for transmitting goods to a fake address. So it have changed it's policy for shipping. Here is how it is working for this problem. When an order is placed at Flipkart the following info about the customer is collected: Delivery Address ; Contact No and Email id . And it is quite possible that few people might be interested to play a prank on their friend or just try it out for fun and provide wrong info, which usually is the Delivery address or Contact number (As Email is of little importance when fulfilling an order). Postpaid Order: Whenever a Postpaid order is placed a set of checks happen based on a prioritised set of rules . For example: Checks whether the customer is a First time customer at Flipkart Or If the product ordered belongs to a High-V

Eating out is always so inconvenient because you can’t use your dinner to charge your phone. But always on top of the issues that matter, KFC — pioneer of the chicken gimmick — has launched a  meal box  in India that actually comes with built in outlets and cables for charging your smartphone. You know, so you never miss an opportunity to post about your wings. The chicken chain calls it “Watt a Box,” and the cables work with iPhones and Androids. People in Delhi and Mumbai can try out the limited edition box by winning a contest on KFC’s  Facebook page . Quoting KFC India’s CMO Lluis Ruiz Ribot,  Times of India  reported that KFC created the box to save customers the hassle of the dreaded dead phone battery. According to  Times of India , Ribot said the company “launched the 5-in-1 Meal Box in March this year with the objective of providing an abundant complete meal and at an affordable price for our customers. With the launch of Watt a Box , we have gone a step ahead and

Styletag, a portal for curated designer wear, has appointed former Flipkart vice president Michael Mehran Adnani as its CEO. Adnani will oversee the firm’s operations and spearhead its growth, a report by PTI said. A veteran in the e-commerce space, Adnani’s previous stint was as vice president of strategic brand alliances at Flipkart. Prior to Flipkart, he has worked at Sears Holdings, Nextag and Overstock. Queries sent by Techcircle on the appointment did not elicit any response till the time of filing this report. Styletag organises flash sales for curated styles, offering 70% discounts on designer products, which are curated from established designers as well as new players. The startup, run by Intrepid Online Retail Pvt. Ltd, was founded in 2012 by Sanjay Shroff, Yashodhara Shroff, former Infosys executive Vivek SP, technology blogger Prashanth HN and web designer Soujanya Sreenath. Sanjay Shroff is an alumnus of Rutgers University and an MBA graduate from Kello

Tata companies and Uber Technologies have partnered to offer driver partners new services on the Uber platform. Under the partnership, owners and drivers... Cab aggregator Uber Technologies on Thursday announced that it has tied up with Tata Group companies to offer customized vehicle financing and insurance plans for drivers on its platform. This initiative has been piloted in Hyderabad and will be gradually rolled out pan-India, said  Eric Alexander , head of business, Uber  Asia. Tata companies and Uber Technologies have partnered to offer driver partners new services on the Uber platform. Under the partnership, owners and drivers will be able to buy cars such as Indica and Indigo from Tata Motors on flexible and customized financing solutions from Tata Capital Financial Services and Tata Motors Finance besides getting insurance from Tata AIG. In addition, Tata Business Support Services will provide operational support for drivers willing to use this new vehicle soluti

Ringing Bells, a little-known company that ran into controversy after announcing the Freedom 251 - a Rs. 251 smartphone, now claims it will start deliveries of the handset to customers from June 28. Deliveries will start to customers who have registered for buying the phone, Noida-based company's Managing Director Mohit Goel said. "We will start shipment of Freedom 251 from June 28 to customers who paid for it earlier on COD (cash-on-delivery) basis," he told Press Trust of India. Ringing Bells began selling the handset, Freedom 251, via its website in February. But the launch of the smartphone, touted to be the world's cheapest, swirled into controversy, with some calling it a fraudulent scheme. The website of the company also crashed during two-day sale due to the huge response from prospective buyers. The company claimed that around 30,000 customers had booked the phone in the first batch despite the glitch. The company, however, withdrew the produc

Telecom gear makers Ericsson and Nokia have initiated talks with Indian telecom companies and policy makers so that they could look out for possible engagements in fifth-generation (5G) technology.  5G, which is still in its standardisation phase, is likely to be ready for commercial deployment by 2020.  The talks have begun around telcos' interest and preparedness for 5G, while also identifying relevant spectrum band so that it can be supported. Executives from both Ericsson and Nokia, whihc are globally known for their rivalry, have visited Inida to hold meetings with industry stakeholders.  Magnus Ewerbring, CTO of the APAC region at Ericsson, was recently in India to meet telco customers and government officials. "It's important to start to think about it now and ensure that step by step we are prepared for it both from network and regulatory perspectives," he said.  Ewerbring also said that there is already a good understanding of 5G in India. "I can

On Monday, LinkedIn Corporation and Microsoft Corp announced about entering into an agreement under which LinkedIn would be acquired by Microsoft at a cost of  $196 per share  in an all-cash transaction, the value of which was  $26.2 billion i.e. Rs 1,75,802 Crore , inclusive of the net cash of LinkedIn. LinkedIn would be retaining its independence, culture and distinct brand. Jeff Weiner would maintain his CEO position in LinkedIn and would report to Microsoft’s CEO, Satya Nadella. This transaction is completely supported by Weiner and Reid Hoffman, the controlling shareholder, co-founder and chairman of the board of LinkedIn. It is expected that the transaction would be closing this calendar year. LinkedIn is the largest professional network all across the globe and last year, it had launched a mobile application, which increased member engagement. Then it acquired Lynda.com, an online learning platform. All this had led to increased membership. Nadella stated that, “The L

Facebook and Microsoft team up to lay a massive internet cable across the Atlantic!! A 4,100-mile cable capable of 160 terabits per second.     T he companies deal with a tremendous amount of data every day, whether it's showing photos to Facebook's 1.6 billion users, or loading documents stored in Microsoft's cloud services. Instead of solely relying on telecom companies for bandwidth, they're taking matters into their own hands. Called MAREA, Spanish for "tide," the cable will offer speeds of up to 160 terabytes per second, making it the highest capacity cable running this route, according to the companies. It's not the first time consumer tech companies have branched out into infrastructure.  Google  has been busy building its Google Fiber business to bring broadband connections to U.S. cities.  Facebook    and Google are working on experimental tools like giant balloons and laser-equipped drones to bring internet to underserved locations.