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PTI
August 19, 2018
In his Independence Day speech, Prime Minister Narendra Modi said that his government would launch the ambitious the Ayushman Bharat healthcare scheme on September 25.


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).


www.businesstoday.in
August 15, 2018
Prime Minister Narendra Modi has announced in his Independence Day speech, the launch of Pradhan Mantri Jan Arogya Abhiyan or PRAJAA scheme on September 25. The scheme aims to cover 40% of lowest income Indians or 10.7 cr Indian households. Watch BusinessToday.In video to understand all about Modi government's ambitious health scheme.


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 10, 2018
The road leading up to the 4,00,000-sq-ft store at HITEC City in Cyberabad was also jam-packed and additional traffic police were deployed.


PTI
August 10, 2018
The FIR against the industrialist alleges that he replaced an antique peacock idol with a new one at the Sri Kapaleeswarar temple.


Ajita Shashidhar
New Delhi, August 9, 2018
The complex milk procurement model (perfected by Amul and other cooperatives such as Nandhini) had psyched most multinationals, who are used to corporate farming.


BusinessToday.In
August 9, 2018
The social media giant is reportedly planning to rejig the top management's structure, entrusting whoever eventually occupies the corner office with a bigger role.


E Kumar Sharma
New Delhi, August 9, 2018
The store, set up with an investment of Rs 1,000 crore, employs 950 people (called co-workers) directly and 1500 indirectly in services.


Joe C Mathew
New Delhi, August 8, 2018
A hormone to facilitate safe childbirth and lactation in women has been rampantly misused by the dairy industry to increase milk production in livestock.


Ajita Shashidhar
New Delhi, August 7, 2018
The likes of ITC Foods, which is barely 10 years into this business, has surpassed HUL's food revenues, and is already an over Rs 11,000 crore business.


BusinessToday.In
August 7, 2018
The strike was called to protest against the proposed Motor Vehicle (Amendment) Bill. Among the demands of the transport organisation are withdrawal of hike in insurance premium and restricting the price hike in petroleum products.


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


Anand Adhikari
New Delhi, August 1, 2018
There are five reasons why inflation will remain a big concern for the RBI in its third bi-monthly money policy to be released today.


BusinessToday.In
New Delhi, July 31, 2018
Vijay Mallya is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 9,000 crores. If extradited, he could be kept in the Arthur Road jail.


BusinessToday.In
July 30, 2018
The industry, which had enjoyed various concessions under the previous tax regime, fears that the levy of 18 per cent GST on installation would render projects unviable.


BusinessToday.In
New Delhi, July 30, 2018
The application will comprise color codes which will be assigned to messages. Green color will indicate legitimate content; yellow will be displayed when the system is unable to decode the message; while red will indicate that the message is definitely a hoax.


BusinessToday.In
New Delhi, July 25, 2018
The police will now investigate if the coin was never dispatched or if it went missing along the way.


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