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BusinessToday.In
July 3, 2018
The Mountain View tech giant, Google, has been allowing third-party app developers to scan through inboxes of Gmail users, according to a recent Wall Street Journal report.


BusinessToday.In
July 3, 2018
The apex bank had in April directed all the banks to stop dealing with individuals and businesses dabbling in virtual currencies in next three months - the deadline ends on July 5.


BusinessToday.in
New Delhi, July 3, 2018
Pantene, Unilever, Colgate will not last long against Patanjali, says Baba RamdevAfter upstaging giants like Unilever, Colgate, Pantene and Nestle, Baba Ramdev is openly mocking these companies as competition goes fierce in India's FMCG segment. Baba Ramdev who founded Patanjali Ayurved said that all these companies would wither away and it is just a matter of time. \"People pass away in 100 years... so these companies will also pass away in a couple of days... we have just made them do shirsasana... in a couple of days they will attain moksha also,\" the baba said. However, Baba Ramdev's Patanjali Ayurved that had recorded over 100% growth rate about a year ago saw a considerable dip in demand in the past year. A senior manager told Business Today in June this year, \"Their store filling frequency is pathetic. When the consumer asks for the product and it's not available she obviously moves to other brands.\"Flipkart deal in line with govt's FDI policy, says WalmartUS retail giant Walmart on Monday said its proposed $16 billion acquisition of Flipkart was in accordance with the government's FDI policy even as local shopkeepers and traders continued their protest against the deal. The Confederation of All India Traders (CAIT) organized mass sit-in protests across cities such as Delhi and Mumbai against the deal on Monday. The traders body fears Walmart's buyout of Bengaluru-based Flipkart will create a monopoly in the retail market and drive mom-and-pop stores out of business. CAIT has been urging the government to scrap the deal and constitute a regulatory authority to monitor the country's e-commerce market.Trump: WTO needs to change ways or US will do 'something'President Donald Trump is warning the World Trade Organisation that if the United States isn't treated \"properly, we will be doing something.\" Trump is again denying plans to withdraw the U.S. from the WTO but tells reporters in the Oval Office that the trade organization needs to change its ways. Trump has struck US allies with tough tariffs and is planning to impose tough trade penalties on China later this week. He says the WTO has treated the U.S. \"very badly and I hope they change their ways.\" He says he's not \"planning anything now\" but if the WTO doesn't treat the U.S. properly, \"we will be doing something.\" Trump did not elaborate. He spoke during a White House meeting with Dutch Prime Minister Mark Rutte Nikkei Manufacturing PMI rises to 53.1 in June, the fastest growth in 2018The latest Nikkei India Manufacturing Purchasing Managers Index (PMI) survey brings plenty to cheer about. The PMI rose to 53.1 in June from 51.2 in May, consistent with the fastest improvement in the health of India's manufacturing economy in the year so far. This is the 11th consecutive month that the manufacturing PMI remained above the 50-point mark. A score above 50 means expansion, while a reading below 50 points toward contraction. According to the survey, the sector's activity grew at the strongest pace since last December, supported by rise in domestic and export orders.Sanju surpasses Baahubali 2 to register highest single day collectionRanbir Kapoor-starrer Sanju has created history by recording the highest single day collection for a Hindi film. On the third day, according to trade analyst, Taran Adarsh, the Rajkumar Hirani-directed biopic cashed in Rs 46.71 crore. In doing so, it surpassed the Rs 46.50 record set by Baahubali 2 in April, 2017. The film was released across 4,000 screens in India, and 1,300 screens overseas. It grossed Rs 34.75 crore on Friday, Rs 38.60 crore on Saturday, and created history on Sunday. In total, the film has managed to mint Rs 120.60 crore in the first three days of its release, making it the highest weekend opening for a film in 2018.


BusinessToday.In
New Delhi, July 2, 2018
The move will have a big impact on Indian-American women as they are the major beneficiary of the Obama-era rule. Fearing job loss, many such women have started applying in different companies back in India.


BusinessToday.In
July 2, 2018
Aadhaar launched the Virtual ID system to enhance privacy controls over user data. This new system essentially allows users to use their Aadhaar information for verification without putting their data out in the open.


BusinessToday.In
New Delhi, July 2, 2018
Baba Ramdev had also said then that Colgate would be below Patanjali by the end of the year and in three years time they will overtake Unilever as well.


BusinessToday.In
July 2, 2018
The red notice is a request to locate and provisionally arrest an individual pending extradition.


BusinessToday.In
New Delhi, July 2, 2018
Indian economy set for a surge, to touch USD 5 trn by 2025: Prez  President Ram Nath Kovind today said the Indian economy is set for a surge with the GDP size expected to double to USD 5 trillion probably by 2025.He was speaking after launching the platinum jubilee celebrations of chartered accountants' apex body ICAI. \"Indian economy is set for a surge and in the next decade, probably even by 2025, India is expected to double the size of the GDP to USD 5 trillion,\" Kovind said. The President said that adherence to a fair taxation system is much more than merely providing revenue to the government which is part of the same social contract that underpins the Constitution.Walmart India gets half of biz via non-store sales  US retail major Walmart is now getting nearly half of its business through non-store or out-of-store sales channels, which include B2B e-commerce, associates' driven sales and call centres, a company official has said. While, the rest half of its business still comes through in-store walk-ins, where its members visit its stores and purchase.Besides, Walmart India is also going to open another fulfilment centre soon at Lucknow after opening its first such facility in Mumbai last year.FDI inflow growth rate dips to 5-year low in FY18Foreign direct investment (FDI) in India seems to be petering out. According to the latest data released by the Department of Industrial Policy and Promotion (DIPP), FDI inflows growth rate recorded a five-year low of 3 per cent at $44.85 billion in 2017-18. In contrast, foreign inflows had grown by 8 per cent in 2013-14, under the previous government, albeit after recording a negative growth of 38 per cent in 2012-13.The current government had managed to initially multiply the FDI inflow growth rate to 27 per cent in 2014-15 and 29 per cent in the following year, but it dived to just 8.67 per cent in 2016-17.CIOs looking at increasing spends on cyber security: EY  Companies across sectors may increase their spending on cyber security as a percentage of the overall IT budget as they look to comply with privacy laws and protect organisations against new emerging threats, says a report by consultancy firm EY. A survey conducted by EY found 42 per cent respondents saying they are \"willing to invest more than 10 per cent of their annual IT budget on cyber security\". The report highlighted that the \"onslaught\" of Industry 4.0 technologies such as artificial intelligence (AI), Internet of Things (IoT) and machine learning (ML) -- being considered and adopted -- are drastically increasing the attack-surface for companies.Honda Cars India posts 37.5 pc rise in domestic sales  Honda Cars India (HCIL) today reported a 37.5 per cent increase in its domestic sales to 17,602 units in June on account of strong sales of all new Amaze. The company had sold 12,804 units in the domestic market in June 2017, HCIL said in a statement. \"The recently launched All New Amaze which has been receiving an overwhelming customers' response sold a remarkable 9,103 units in June'18, strongly contributing to company's growth last month,\" HCIL said adding that HCIL has received over 26,000 bookings of the all new Amaze since its launch.GST rate cut possible as revenue to exceed Rs 13 lakh crore this fiscal: Piyush GoyalFinance Minister Piyush Goyal on Sunday said he expected GST collections to exceed Rs 13 lakh crore in the current financial year and this higher revenue would provide headroom to cut tax rates. The interim finance minister said, \"with more people coming under the tax net, and successful implementation of the e-way bill system, there will be scope for rationalisation of tax slabs.\"Under the four-tier Goods and Services Tax (GST), which was rolled out on July 1, 2017, taxes are levied in the brackets of 5 per cent, 12 per cent, 18 per cent and 28 per cent. On top of the highest tax bracket, a cess is levied on luxury goods such as big cars and sin goods such as sugary drinks and cigarettes


BusinessToday.In
July 1, 2018
With the introduction of Virtual ID, Aadhaar number holders will have an option of not sharing their unique identity number and instead they can generate a virtual ID and share it with authentication user agencies to perform Aadhaar-based authentication.


BusinessToday.In
New Delhi, June 29, 2018
On November 10th, the GST Council had slashed tax rates on around 178 items, moving them from the top bracket to 18 per cent or lesser.


BusinessToday.In
New Delhi, June 29, 2018
The unicorns-in-the-making hail from diverse sectors such as software, logistics and fintech, thereby widening the pool beyond online commerce and advertising models.


BusinessToday.In
June 28, 2018
Reports suggest that HMD Global might be working on a new Nokia flagship device, codenamed A1 Plus.


BusinessToday.In
June 28, 2018
Evergreening is a practice whereby banks extend even more loans to debt-laden companies to help them repay previous loans and hopefully earn enough revenue along the way to get out of trouble.


Mudit Kapoor
New Delhi, June 28, 2018
Potential lenders view CIBIL score as the most important factor before granting a loan. If your CIBIL score is low then your loan application may straightaway be rejected by the lenders.


BusinessToday.In
New Delhi, June 28, 2018
Malvinder and his brother Shivinder Singh had resigned as directors from FHL's board in February this year, following the Delhi High Court order upholding the Rs 3,500 crore arbitral award in favour of Daiichi Sankyo.


PTI
New Delhi, June 28, 2018
Alok Industries is one of the 12 companies, the so-called dirty dozen', identified by the Reserve Bank of India in May last year for initiating bankruptcy proceedings by lenders


BusinessToday.In
New Delhi, June 27, 2018
In Tamil Nadu, however, 40% of engineering students are considered unemployable because of the poor standard of training received. The state has more than 550 engineering colleges with around 10 lakh students.


BusinessToday.In
New Delhi, June 27, 2018
The total impairment loss for the year was pegged at around Rs 327 crore, including Rs 125 crore on account of FHL's investments in Escorts Heart Institute and Research Center.


BusinessToday.In
June 27, 2018
The Indian currency opened at 68.42 a dollar and touched a low of 68.50-a level last seen on 1 December 2016 on worries over rise in fiscal deficit and inflation due to rising crude oil prices.


Anand Adhikari
New Delhi, June 27, 2018
The financial disclosure requirement for companies going for IPOs has been reduced from five years to three years.


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