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V. Sivasubramanian
New Delhi, August 20, 2018
The GST Council had announced substantial GST rate cuts effective from July 27, 2018; including 28-18 per cent on consumer durables, domestic electrical appliances, televisions, storage water heaters, paints and varnishes, scent sprays, etc. and 12 per cent to nil on sanitary napkins


BusinessToday.In
August 20, 2018
Xiaomi recently launched the Mi 8 series in China. The series is supposed to be its flagship lineup for 2018. There were reports that the company will be launching the Mi 8 SE in India but there's no official confirmation as yet.


BusinessToday.In
August 19, 2018
Kerala has been hit by the worst-ever floods in a century. So far, over 357 people have lost their lives and over 10,000 people evacuated from the worst-affected areas of southern state.


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).


BusinessToday.In
August 17, 2018
In the blog, Modi decodes how Vajpayee rescued the economy in the mid 1990s and how he was ahead of his times. PM Modi also talks about Vajpayee's four decades of illustrious leadership and the high standards of debate in Parliament.


Prosenjit Datta
August 16, 2018
Vajpayee is no more, but no one can doubt his contribution on economic, political and diplomatic fronts.


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.


Goutam Das
August 15, 2018
Modi had recently inaugurated Samsung's new mobile making facility in Noida - Samsung is doubling its current capacity for mobile phones from 68 million units a year to 120 million units a year. This would be a phase-wise expansion, to be completed by 2020.


BusinessToday.In
August 14, 2018
Earlier in May, Jeff Bezos-led retail giant had pumped in fresh capital of Rs 2,600 crore into its India business unit - Amazon Seller Services. Before this, the company had invested Rs 1950 in Amazon Seller Services in January this year.


Mail Today Bureau
August 13, 2018
After the transaction, PVR will have 706 screens operational across the country and this acquisition will make it the number 1 operator in top 3 cities of South India - Chennai, Bangalore, and Hyderabad.


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\".


BusinessToday.In
New Delhi, August 10, 2018
Without the knowledge of the Ministry of Defence, the Central Board of Excise and Customs had published details, including unit prices, of all defence products like bolts, missiles, and nuclear reactor parts India imported between 2004 and 2016, on its website.


BusinessToday.In
New Delhi, August 9, 2018
In addition to Rs 11,000 crore bailout package, the govt may give the board of directors additional powers to take decisions on operational issues.


BusinessToday.In
New Delhi, August 9, 2018
PM Narendra Modi has marked his presence not only in Indiabut across the world with his charisma and strong personality. While PM Modihas often been criticised for his policy decisions, his economic outlook andstrategies have drawn the attention of top businessmen globally. WatchBusinessToday.In's video to take a look at what global and Indian CEOs think ofModi.


BusinessToday.In
New Delhi, August 9, 2018
The new policy proposes to revamp the Industrial Policy of 1991, and has been billed as the first major overhaul in nearly three decades.


BusinessToday.In
August 9, 2018
IKEA is looking to keep prices lower in India.


BusinessToday.In
August 8, 2018
Last month, the government had doubled import duty on over 50 textile products - including jackets, suits and carpets - to 20 per cent, a move that was aimed at promoting domestic manufacturing.


Nevin John
New Delhi, August 7, 2018
Tata Nano will be produced only if the manufacturing facility receives a confirmed order from a buyer, says reports. Just one unit of Nano was produced in June and the company sold just three cars in the domestic market.


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
On July 26, Minister of State for Civil Aviation Jayant Sinha told the Lok Sabha that there was a short delay in the payment of salaries for May and that the same was paid subsequently.


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