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BusinessToday.In
August 20, 2018
The world's largest online retailer is reportedly interested in Kumar Mangalam Birla's food and grocery supermarket chain More.


BusinessToday.In
August 18, 2018
Imran Khan-led  PTI emerged as the single largest party with 116 seats in July 25 elections. Its number increased to 125 after nine independent members joined it and final tally reached 158 after it was allotted 28 out of 60 seats reserved for women and five out of 10 seats reserved for minorities.


BusinessToday.In
August 17, 2018
Appealing for donations from people across the country, Kerala CM Pinarayi Vijayan today said the road to recovery for the southern state is going to be a long one.


BusinessToday.In
August 17, 2018
As a member of Rashtriya Swayamsevak Sangh, Atal Bihari Vajpayee was already politically active by the age of 16. He participated in the Quit India Movement in 1942 and was arrested with his brother for 23 days.


BusinessToday.in
New Delhi, August 17, 2018
Why Indians should be grateful to Atal Bihari VajpayeeAs the nation mourns the loss of former Prime Minister Atal Bihari Vajpayee, it's also time to remember all that he did for India's economy. He started the 'Sarva Shiksha Abhiyaan' with the aim to provide education for all. He made India a nuclear state. Pokhran 2 was conducted during his tenure. He laid the foundation of the Golden Quadrilateral in 1999 for smoother movements of products and people. He's also considered the architect of the telecommunication sector in the country. He established a separate disinvestment ministry. He passed the Chandrayan-1 project.Health insurance to now cover mental illness says IRDAIIn a pathbreaking move, 3 months after  the Mental Healthcare Act, 2017 came into force, the Indian insurance regulator IRDAI has notified insurers to cover medical treatment for mental illnesses. The notice issued on Aug. 16, said that, \"every insurer shall make provision for medical insurance for treatment of mental illness on the same basis as is available for treatment of physical illness.\" The order is applicable on all insurance companies in India with immediate effect. The Mental Healthcare Act, 2017, which came into effect on May 29, is aimed at protecting the rights of persons with mental illnesses during delivery of mental healthcare and services.UPI gets an upgrade with new featuresNational Payments Corporation of India (NPCI) has launched UPI 2.0 in Mumbai as an upgrade to the first iteration of Unified Payments Interface (UPI) that debuted in April 2016. The new UPI version has features such as UPI Mandate and Invoice in the Inbox. There are also new security enhancements including Signed Intent and QR that are designed to let customers verify merchants before making any payments as reported by NDTV. Further, there is an option to attach UPI to an overdraft (OD) account. This comes in addition to the existing saving and current account support. Banks that are using the upgrade include State Bank of India (SBI), HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, Yes Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank, and HSBC.Mercedes-Benz to hike prices by up to 4% next monthGerman luxury carmaker Mercedes-Benz said it will hike prices of its vehicles across models by up to 4 per cent from September to offset adverse impacts of rising input costs and upward forex movement. The rising inflation due to geo-political dynamics, coupled with rising input costs and increasing forex rates has been exerting significant pressure on overall operations, Mercedes-Benz India said in a statement.Airlines advised to keep air fares in check for Kerala flightsThe Central government has asked domestic airlines to keep a check on air fares for flights operating to and from Kerala.The advisory comes as the state suffers from one of the worst bouts of floods in the recent past.According to the Ministry of Civil Aviation, airfare on 18 domestic routes are being monitored. The monsoon fury has hit different parts of Western Ghats including districts of Kerala and adjoining areas in Karnataka.Plunging rupee to increase India's oil import bill by $26 billionIndia's crude oil import bill is likely to surge by about $26 billion in 2018-19 as rupee falling to a record low has made buying of oil from overseas costlier, government officials said yesterday as reported by Mint. The Indian rupee opened at 70.25 and plunged to a fresh record low of 70.40 a dollar. Moreover, the weak rupee will also lead to a hike in the retail selling price of petrol, diesel and cooking gas (LPG).


Goutam Das
August 16, 2018
The IT industry was tottering at around $6 billion in 1999-2000. It is more than a $150 billion industry now.


Anand Adhikari
New Delhi, August 16, 2018
BJP was seen as a party which opposed liberalisation or reforms. However, in his tenure as the prime minister, Atal Bihari Vajpayee emerged as more of a reformist.


BusinessToday.In
August 16, 2018
The currency fell 42 paise to hit a fresh all time low of 70.32 intra day. Earlier, it opened 35 paise lower to 70.25 level compared to the US dollar.


BusinessToday.in
New Delhi, August 15, 2018
Modi says India is now the land of reform, perform and transformPrime minister Narendra Modi delivered his fifth Independence Day Speech as PM. Running parallel to the  Ayushman Bharat-National Health Protection Scheme would be the Jan Aarogya Abhiyan which would kick off on September 25, he announced. The healthcare schemes will ensure access to good quality healthcare for the poor and marginalised. Modi also said India used to be a 'sleeping elephant', but has started walking and running now'. He announced a manned mission to space by 2022. He also thanked the business community for the success of GST.Rupee has fallen due to external factors, nothing to worry says govtThe rupee fell to a record low of 70 against the dollar on Tuesday amid fears that the financial troubles faced by Turkey may spread to other emerging economies. The rupee ended trading on Tuesday at 69.89 per dollar.Attributing the fall in rupee value against the US dollar to 'external factors', economic affairs secretary Subhash Chandra Garg said that there was nothing to worry about as long as the depreciation was in line with other currencies.Rupee has given 'vote of no confidence' to Modi by crashing to historic low, says RahulWith rupee touching a fresh all-time low of 70.08 against dollar , Congress President Rahul Gandhi turned the heat on the Narendra Modi government over its failure to control the declining rupee. The Indian currency has seen nearly 10 per cent fall this year alone. Taking a jibe at Prime Minister's remarks of \"70-year misrule\" of various parties, including the Congress, the party said \"Modiji finally managed to do something that we couldn't do in 70 years\".RBI rejects Kotak Bank's promoter stake dilution plan, says it does not meet normsDays after private lender Kotak Mahindra Bank said it had used the preference share allotment route to reduce promoter Uday Kotak's shareholding in the bank, the RBI rejected it saying \"it does not meet their promoter holding dilution requirement\". In a regulatory filing on Tuesday, Kotak Mahindra Bank said it still believes that the bank's stake dilution plan meets the requirement, and assured to continue engaging with the central bank over the issue.India's richest women: Smitha Crishna, Roshni Nadar top listA survey, prepared by Kotak Wealth-Hurun, features Smitha Crishna, the third generation heir of the Godrej empire, as the wealthiest Indian woman with net worth of Rs 37,570 crore. The total wealth of each woman featured in the top 100 women exceeds Rs 1,000 crore, while their average income is around Rs 4,000 crore. Kiran Mazumdar-Shaw is the only richest self-made women -- with the total wealth of Rs 24,790 crore - who could make it to the top 100. Following Smitha is HCL CEO and Executive Director Roshni Nadar, whose net worth is around Rs 30,200 crore. On the third spot is Indu Jain of Bennett Coleman and Co Group, whose total wealth is estimated to be around Rs 26,240 crore.Twitter launches Twitter LiteMicro-blogging platform Twitter has launched Twitter Lite Android app in 21 more countries, including India, that will minimize data usage. It will load quickly on slower networks and take up less space on a mobile device. It's on the same lines as Facebook Lite and Youtube Go. The app, built for 2G and 3G networks which are still in use in several parts of India, helps a user save on data while using it.Reliance Jio's broadband service GigaFiber registrations to start todayRegistrations for Jio GigaFiber high-speed broadband are now officially open, allowing you to show your interest in the service. Jio GigaFiber was announced last month at the company's 41st Annual General Meeting, and will provide speeds to 1Gbps, according to the company. The company will give priority to areas with the highest interest for the rollout. The Jio broadband service was being tested out for the past two years.Cash-strapped Fortis Healthcare sees signs of improvementCash-strapped Indian hospital operator Fortis Healthcare Ltd said it was starting to see some signs of recovery, as it secured shareholder approval for its takeover by Malaysia's IHH Healthcare Bhd. Fortis which operates 30 private hospitals in India has been struggling with a cash crunch, rising debt and other problems. IHH will invest 40 billion rupees at 170 rupees per share in Fortis.


BusinessToday.In
August 15, 2018
Prime Minister Modi said that the country has made rapid changes in the past four years compared to 2013 when the Congress-led UPA government was in power.


BusinessToday.In
New Delhi, August 14, 2018
Posting an old video of Modi, Rahul also asks his followers on Twitter to \"listen to the Supreme Leader's (Modi) master class\" on why the currency was falling. The Congress says he managed to do that we couldn't do in 70 years.


BusinessToday.In
August 13, 2018
Facing financial headwinds, Jet Airways is reportedly planning to monetise JetPrivilege, its frequent flyer programme.


PTI
August 12, 2018
The deal to buy 36 Rafale fighter jets was signed when Prime Minister Narendra Modi visited France in April 2015. Congress President Rahul Gandhi has accused the government of changing the deal to benefit \"one businessman\".


Rajeev Dubey
August 11, 2018
'No' says Jet Airways emphatically. But with mounting losses, negative net worth of Rs 7,100 crore and liabilities well in excess of assets, it may be very, very close.


BusinessToday.in
New Delhi, August 10, 2018
Samsung Galaxy Note 9 launched, pre-orders beginSamsung launched the Galaxy Note 9 during its Unpacked event in New York yesterday. The device comes with massisve internal storage options, that are 128GB and 512GB, which can be further expanded to 1TB. It also has a massive 4,000mAh battery which Samsung claims can last a day's usage with ease. Other features to look out for are a better camera capabilities and an improved S Pen. The Samsung Galaxy Note 9 will come with the Snapdragon 845 in the US market, whereas it will feature Samsung's Exynos chipset in other markets. The 128GB varaint has been priced at $999 and the 512GB variant has been $1,249. Pre-orders for the Galaxy Note 9 have begun and it will be available from August 24Xiaomi Mi A2 launched in IndiaXiaomi Mi A2, the Android One-affiliated global variant of Mi 6X, was launched in India this week. Only one variant of the Mi A2 has been launched in India with 4GB of RAM and 64GB of internal storage has been launched in India. A higher variant with 6GB RAM and 128GB internal storage is in the cards. The variant launched in India has been priced at Rs 16,999. Pre-orders for the device have already begun. The Mi A2 will be sold in India via Xiaomi's online platform and Amazon India.Xiaomi plans to launch India-specific flagshipXiaomi India head Manu Jain divulged plans to release an India-specific smartphone sometime soon. This device will not be a part of the company's portfolio in China and will be designed specifically for Indian consumers. Jain said that this Xiaomi flagship will be at par with Galaxy S-series smartphones from Samsung or OnePlus flagship devices.WhatsApp limits messaging forwarding to five chatsWhatsApp officially rolled out the five chat limit on forwarding messages in India. This is one of the initiatives takes by WhatsApp to check the spread of fake news in light of the concerns raised by the Indian government about the platform being misused to instigate violent incidents of lynchings across the country. The feature will be rolled out to all devices using WhatsApp in a phased manner.WhatsApp loophole lets hackers alter sent messagesIsraeli researchers discovered a loophole in WhatsApp's security which allows hackers to intercept and alter sent text messages. Using a hacked version of the instant messaging application, hackers can change the content of a message in either private or public conversations. Responding to the threat, WhatsApp said that this is similar to altering an e-mail, and does not indicate a security shortcoming in end-to-end encryption of WhatsApp messages.Android 9 Pie released for Pixel devicesGoogle officially named the latest version of Android as Android Pie before launching it for the Google Pixel devices. Essential followed suit with an Android Pie release of its own. Android Pie puts a lot of emphasis on artificial intelligence and digital wellbeing. The update will be released for devices by Sony, Nokia, Xiaomi, Vivo, Oppo, OnePlus and other Android One-affiliated devices by December this year.


BusinessToday.In
New Delhi, August 8, 2018
Bansal's decision to sell his entire stake to Walmart was reportedly the result of differences with the investors.


SPS Pannu
August 8, 2018
The 2009 deal was for eight P-8I (Poseidon Eight India) aircraft. The first aircraft came to India in May 2013 and all the eight aircraft have been fully integrated into Indian Navy's operations.


Karan Dhar
August 7, 2018
Greg Moran, the CEO and co-founder of India's largest self-drive car rental platform Zoomcar talks about partnership with Mahindra, and why the government had to water down its 2030 vision for electric vehicles.


PTI
New Delhi, August 7, 2018
On the HSBC list, the minister said that undisclosed income of Rs 8,448 crore was detected with a tax demand of Rs 5,447 crore.


BusinessToday.in
New Delhi, August 7, 2018
PepsiCo's Indra Nooyi to step down after 12 years as CEOPepsiCo CEO Indra Nooyi will step down on October 3 after a 12-year stint at the helm of food and beverage multinational. The 62-year-old India-born executive has spent 24 years at PepsiCo. The company announced that its Board of Directors has unanimously elected Ramon Laguarta to succeed Nooyi as Chief Executive Officer.Jet Airways releases salaries to employees, decides against pay cutCornered by protesting employees and unflattering media reports over the past week, the country's second largest airline Jet Airways has reportedly scrapped plans to trim its operating costs through salary cuts.Dunkin' Donuts shuts more than half of its stores in India in 2 yearsJubilant FoodWorks Ltd (JFL) the franchisee partner of popular fast food chains like Domino's Pizza has shut down more than half of its Dunkin' Donuts stores across the country in the last two years. According to people in the know it is now focussing more on smaller stores and kiosks to cut its losses. Jubilant FoodWorks confirmed the development and said that they have already brought down their losses to half in the June quarter.Android Pie is official; best features that will make it to your smartphoneFive months after the launch of Android P, the new operating system has been finally made official as Android Pie. The stable build of the operating system is available to Pixel devices and is expected to make it to other phones running on Android P Program and Android One.Govt to invite fresh bids for 100 per cent stake sale in Pawan HansWill the government get third-time lucky in its attempt to sell off Pawan Hans? The Department of Disinvestment and Public Asset Management (DIPAM) has floated the offer to sell government's 51 per cent stake in the profit-making helicopter services provider twice in the past year. And now, after Oil and Natural Gas Corp's (ONGC) board recently approved divesting its entire 49 per cent stake in the entity, the government is going to issue an amended expression of interest (EoI) shortly.Antigua is ready to hand over Mehul Choksi to IndiaAntigua and Barbuda group of islands has assured the Indian government that it will consider its request to extradite Mehul Choksi, co-accused in the Rs 13,600 crore Punjab National Bank loan fraud. The development comes as a shot in the arm for Indian investigative agencies and the government who have been criticised for letting him slip out of the country.


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