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BusinessToday.In
New Delhi, August 14, 2018
These prices have been slashed to boost train travelling, which is a part of the Railway Board's plan to adopt dynamic fare pricing based on the supply-demand ratio.


BusinessToday.In
New Delhi, August 13, 2018
Go Air extended the deadline of its sale, while AirAsia is offering heftier discounts for larger groups.


BusinessToday.In
August 10, 2018
The Walmart-Flipkart deal is expected to help the government rake in up to Rs 13,700 crore.


BusinessToday.In
New Delhi, August 9, 2018
Flipkart Pvt Ltd, which has made its second entry in the segment after a failed attempt with Nearby, aims to make a difference by launching an extensive supply chain, bringing in its own label, giving every day discounts, etc.


BusinessToday.In
New Delhi, August 8, 2018
After Hyderabad, the next store is popping up in Mumbai and eventually in Bengaluru, Delhi, Ahmedabad, Chennai, Pune and other cities.


Prosenjit Datta
August 7, 2018
The consumer confidence survey was for the June round, and conducted in six metros - Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi and had 5268 responses.


K.T.P. Radhika
New Delhi, August 6, 2018
India's refurbished goods market is flourishing on a smartphone boom, changing consumer attitudes and business models.


K.T.P. Radhika
New Delhi, August 6, 2018
Affordable housing is picking up pace, thanks to proactive policies and savvy investors/developers. But sustaining the momentum is a tall order.


BusinessToday.In
August 6, 2018
With the tax holiday window that Wipro has so far enjoyed at its Electronic City unit coming to a close soon, the company is reportedly planning to shift to a new place in Bengaluru soon.


BusinessToday.in
New Delhi, August 6, 2018
Banks collect Rs 5,000 cr as minimum balance penalty in FY 2017-18As many as 21 public sector banks (PSBs) and three major private sector lenders have collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18. Among the PSBs, the State Bank of India emerged the highest earner with Rs 2433 crore penalty - nearly half of the total collection.PM Modi to inaugurate India Post Payments Bank on August 21Prime Minister Narendra Modi on August 21 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said.IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural area.Govt panel wants localisation of cloud storage data in possible blow to big tech firmsA panel working on the government's cloud computing policy wants data generated in India to be stored within the country, according to its draft report seen by Reuters, a proposal that could deal a blow to global technology giants such as Amazon and Microsoft who offer such services. It could not only raise their costs because they will need to ramp up the number and size of data storage centers in India, where power costs remain high, but at least some of those increases are likely to be passed onto customers who include everyone from small start-ups to large Indian corporations.US-China trade war can make Indian products competitiveWith the US imposing additional 25 per cent duty on imports worth USD 34 billion from China, certain Indian products may become more competitive, CII has said. An analysis by the industry chamber revealed that India should focus on the US market for items in the categories of machinery, electrical equipment, vehicles and transport parts, chemicals, plastics and rubber products.Top corporates prepare to split CMD postLarge corporates like HUL and RIL have started making arrangements to comply with regulator Sebi's directive to split the roles of chairman and managing director by April 1, 2020, but several smaller companies are still giving their CMDs tenures beyond the deadline. Sebi is keen to extend this requirement to all listed companies eventually. For now, it is keeping an eye on top 500 firms which are appointing CMDs beyond the given deadline and will start sending them notices a few months in advance.Indian Oil to invest Rs 1.75 lakh cr for expansion: Chairman Sanjiv SinghIndian Oil Corporation, the country's leading firm on the Fortune 500 list, has drawn up an ambitious Rs 1.75 lakh crore investment plan to expand its production capacity. In the company's latest annual report, IOC chairman Sanjiv Singh said that the refining capacity will be enhanced to 150 million tonnes of petroleum products per annum by 2030 from the current 80.7 million tonnes.Wipro to move workforce to a new 50-acre campusIn the next two years Wipro wants to move its workforce from its electronic city unit and hired facilities in Bengaluru to a new 50-acre campus. Wipro calls it an \"agile workspace aimed at the digital worker\". The move to shift thousands of workers to the new campus prompted chairman Azim Premji to meet Karnataka chief minister HD Kumaraswamy last week to seek his help in upgrading the Sarjapur Road so that it reduces traffic congestion as reported by the Economic TimesNBCC has said Amrapali's Noida projects will need 4 yearsThe National Buildings Construction Company or NBCC has said that Amrapali's unfinished projects in Noida and Greater Noida will take up to 4 years for completion while the remaining ones will need a year.NBCC will have to submit details on revival of projects to the Supreme Court.Jobs for freshers! Tech Mahindra hints at hiring 4,000 graduates in next three quartersTech Mahindra indicated at hiring around 4,000 freshers over the next three quarters as the IT services major focuses more on \"demand-based\" hiring instead of creating an inventory. The company has already hired about 1,800 fresh graduates in the first quarter of the ongoing fiscal


BusinessToday.In
August 6, 2018
Walmart will hire about 1,000 more people for technology roles in India to hold off competition, especially from e-commerce behemoth Amazon.


BusinessToday.In
August 5, 2018
The tickets can be booked till August 9 for a travel period of five months- August 4 to December 31, 2018. There are extra benefits for customers who will book their tickets through Paytm, company website and mobile app.


BusinessToday.In
New Delhi, August 1, 2018
The captain announced that Pooja Chinchankar was retiring after 38 years of service in the national carrier.


Reuters
July 31, 2018
The RBI in April had said that payments firms such as Mastercard and Visa should within six months store data only in the country for \"unfettered supervisory access\". But US firms protested and the Finance Ministry has recommended relaxing the directive.


BusinessToday.In
New Delhi, July 30, 2018
Over 1,200 NBFCs, flagged as 'high risk' prone for not complying with a provision of the anti-money laundering law, had submitted records to the government in April to be identified as legally compliant.


BusinessToday.In
New Delhi, July 30, 2018
Swiggy that fulfills around 14 million orders every month is planning to grow their business vertical to almost 15-20% of their revenues in the next two years.


BusinessToday.In
July 30, 2018
Reliance Retail, India's largest brick-and-mortar retail chain is now vying for a slice of the country's red-hot online retail market.


BusinessToday.In
New Delhi, July 26, 2018
What the food delivery apps are offering these executives is impacting everybody and delivery partners are switching to Swiggy, Zomato and the ilk because of the lucrative pay.


BusinessToday.In
New Delhi, July 26, 2018
You may soon be allowed to use your private car as Ola, Uber cabIn an attempt to reduce the number of passenger vehicles on roads and subsequently reduce air pollution, the government is pushing for a rather unconventional method. The Centre wants to promote ride sharing on private cars. This would enable carpooling of private vehicles and allow them to operate as taxis through services such as Ola and Uber. However, it is not lost on authorities that permitting this would adversely affect the livelihood of cab businesses that are already struggling to keep up with aggregators like Uber, Ola as well as with self-driving car services like Zoomcar. To protect the livelihood of cab drivers, the government is mulling to cap either the number of rides one can offer or the amount of money one can earn through this. Parliament amends Prevention of Corruption Act; honest bankers, bureaucrats can breathe easyThe Prevention of Corruption Act (Amendment) Bill, 2018 was passed by the parliament on Tuesday. The amendments propose a lot of changes to the anti-corruption law which range from redefining criminal misconduct to bringing collusive bribe givers to book. Moreover, bankers and civil servants are considering the latest amendments to Prevention of Corruption Act as means to ease pressure on them amidst mounting bad loans and investigative scrutiny against their commercial decisions. The amendments extend the provision of prior permission before prosecuting a civil servant to retired officials too. Zuckerberg is having a bad time as Facebook shares tumbleEven as Facebook tries to recover from data protection scandals and investigations, Facebook shares went into a freefall yesterday as a stunningly weak financial outlook raised fresh concerns for the social networking giant. After-hours trade saw Facebook shares plunge by some 21 percent, wiping out an estimated $130 billion in market value if the slump is confirmed at Thursday's market opening.Parliament passes Fugitive Economic Offenders Bill; empowers govt to seize properties of offendersAfter the Lok Sabha's green signal on July 19, the Fugitive Economic Offenders Bill, 2018, was passed by the Rajya Sabha on Wednesday. The legislation, which empowers authorities to attach and confiscate properties and assets of those who flee the country after committing economic offences, especially defaulting on loans, was hotly debated in the Upper House of Parliament on Wednesday. The Lok Sabha passed the bill on July 19. The Bill now awaits President Ram Nath Kovind assent following that it will become a law. Under the Bill, the Enforcement Directorate would be the investigative authority.McDonald's is using cooking oil to fuel trucks; here's how they're doing it The Illinois based fast food company, McDonald's, is recycling used cooking oil to generate biodiesel to power its supply delivery trucks, which was previously being discarded through disposal partners. The popular eating joint has partnered with Unicon Biofuels for the pilot project that started last year. Hardcastle Restaurants Pvt. Ltd. (HRPL), which is the master franchisee of McDonald's in west and South India, has currently rolled out the concept in 85 restaurants in Mumbai, and will soon expand to Bengaluru.  Vikram Ogale, Director of National Supply Chain & Quality Assurance, McDonald's India, indicated, in a report by PTI, that the company converts more than 35,000 liters of used cooking oil every month into biodiesel; which, in turn, aids in saving more than 4,20,000 liters of crude oil annually.  Mehul Choksi's Antigua passport gives him visa-free access to 132 countriesFugitive diamantaire Mehul Choksi, who is an accused in the PNB fraud case, will have visa-free access to around 132 nations. A day after reports emerged that Choksi may have taken refuge in Antigua, the Citizenship by Investment Unit (CIU) of Antigua & Barbuda confirmed that diamond trader was granted citizenship in November 2017. English-speaking Antigua is one of the two major Caribbean islands that make up the sovereign nation of Antigua and Barbuda. With a population of close to 1 lakh, the country is also a popular retirement home for billionaires. Ranked among the most powerful passports in the world, the passport holders of the Antigua and Barbuda, an independent Commonwealth state in the Eastern Caribbean, enjoy visa-free travel to approximately 132 countries, including the UK, Singapore and the countries in the Schengen zone which covers most of Europe.


BusinessToday.In
July 25, 2018
The Illinois based fast food company, McDonald's, is recycling used cooking oil to generate biodiesel to power its supply delivery trucks, which was previously being discarded through disposal partners.


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