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CBI casting the net too wide in ICICI-Videocon case: Jaitley

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New Delhi, Jan 25 (IANS) Questioning the Central Bureau of Investigation in the ICICI Bank-Videocon loan case, Union Minister Arun Jaitley on Friday blasted the CBI for naming the “who’s who of the banking industry” without concentrating on the “bull’s eye”.

“There is a fundamental difference between investigative adventurism and professional investigation,” Jaitley, who is undergoing medical treatment in the US, wrote in a Facebook blog post blaming the CBI for casting the net too wide.

On Thursday, the CBI lodged an FIR against former ICICI Bank chief Chanda Kochhar, her husband Deepak Kochhar and industrialist V.N. Dhoot in a Rs 3,250-crore loan involving the Videocon Group and the ICICI Bank.

The investigating agency said it will also probe several former and current senior executives of the bank, including current Managing Director and CEO of ICICI Bank Sandeep Bakshi and current chief of New Development Bank of BRICS K.V. Kamath.

“Sitting thousands of kilometers away, when I read the list of potential targets in the ICICI case, the thought that crossed my mind was again the same – instead of focusing primarily on the target, is a journey to nowhere (or everywhere) being undertaken? If we include the entire who’s who of the banking Industry – with or without evidence – what cause are we serving or actually hurting,” the former Finance Minister said.

Jaitley said while adventurism leads to media leaks, ruins reputations and eventually invites strictures and not convictions, professional investigation targets the real accused on the basis of actual and admissible evidences and rules out fanciful presumptions.

“One of the reasons why our conviction rates are poor is that adventurism and megalomania overtake our investigators and professionalism takes the back seat,” he wrote.

Other members of the ICICI Bank credit committee who the CBI may investigate include CEO of Standard Chartered Bank in India Zarin Daruwala, Tata Capital CEO Rajiv Sabharwal, ICICI Prudential Life Insurance CEO N.S. Kannan and Goldman Sachs (India) Securities Chairman Sonjoy Bhattacharya.

“My advice to our investigators – Follow the advice of Arjun in the Mahabharat – Just concentrate on the bull’s eye,” the Minister said.

–IANS
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Casino Days Reveal Internal Data on Most Popular Smartphones

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CasinoDays India

International online casino Casino Days has published a report sharing their internal data on what types and brands of devices are used to play on the platform by users from the South Asian region.

Such aggregate data analyses allow the operator to optimise their website for the brands and models of devices people are actually using.

The insights gained through the research also help Casino Days tailor their services based on the better understanding of their clients and their needs.

Desktops and Tablets Lose the Battle vs Mobile

The primary data samples analysed by Casino Days reveal that mobile connections dominate the market in South Asia and are responsible for a whopping 96.6% of gaming sessions, while computers and tablets have negligible shares of 2.9% and 0.5% respectively.

CasinoDays India

The authors of the study point out that historically, playing online casino was exclusively done on computers, and attribute thе major shift to mobile that has unfolded over time to the wide spread of cheaper smartphones and mobile data plans in South Asia.

“Some of the reasons behind this massive difference in device type are affordability, technical advantages, as well as cheaper and more obtainable internet plans for mobiles than those for computers,” the researchers comment.

Xiaomi and Vivo Outperform Samsung, Apple Way Down in Rankings

Chinese brands Xiaomi and Vivo were used by 21.9% and 20.79% of Casino Days players from South Asia respectively, and together with the positioned in third place with a 18.1% share South Korean brand Samsung dominate the market among real money gamers in the region.

 

CasinoDays India

Cupertino, California-based Apple is way down in seventh with a user share of just 2.29%, overshadowed by Chinese brands Realme (11.43%), OPPO (11.23%), and OnePlus (4.07%).

Huawei is at the very bottom of the chart with a tiny share just below the single percent mark, trailing behind mobile devices by Motorola, Google, and Infinix.

The data on actual phone usage provided by Casino Days, even though limited to the gaming parts of the population of South Asia, paints a different picture from global statistics on smartphone shipments by vendors.

Apple and Samsung have been sharing the worldwide lead for over a decade, while current regional leader Xiaomi secured their third position globally just a couple of years ago.

Striking Android Dominance among South Asian Real Money Gaming Communities

The shifted market share patterns of the world’s top smartphone brands in South Asia observed by the Casino Days research paper reveal a striking dominance of Android devices at the expense of iOS-powered phones.

On the global level, Android enjoys a comfortable lead with a sizable 68.79% share which grows to nearly 79% when we look at the whole continent of Asia. The data on South Asian real money gaming communities suggests that Android’s dominance grows even higher and is north of the 90% mark.

Among the major factors behind these figures, the authors of the study point to the relative affordability of and greater availability of Android devices in the region, especially when manufactured locally in countries like India and Vietnam.

“And, with influencers and tech reviews putting emphasis on Android devices, the choice of mobile phone brand and OS becomes easy; Android has a much wider range of products and caters to the Asian online casino market in ways that Apple can’t due to technical limitations,” the researchers add.

The far better integration achieved by Google Pay compared to its counterpart Apple Pay has also played a crucial role in shaping the existing smartphone market trends.

 

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