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BusinessToday.In
July 16, 2018
Financial institutions and market analysts believe that the current dispensation has failed in creating enough jobs for its growing youth. In April, World Bank put out a report saying that India needs to create 8.1 million jobs a year to maintain its employment rate.


PTI
New Delhi, July 14, 2018
These comments from Economic Affairs Secretary Subhash Chandra Garg come on the heels of latest World Bank data showing that India has emerged as the sixth largest economy globally, surpassing France, in 2017.


BusinessToday.In
New Delhi, July 11, 2018
Indian economy had slowed down last year due to transitory shocks like demonetisation and the chaotic implementation of the national goods and services tax (GST), but has since bounced back.


BusinessToday.in
New Delhi, July 11, 2018
Andhra Pradesh tops in ease of doing business ranking; Gujarat slips to 5thAndhra Pradesh continues to be the best state to do business in the country while neighbouring Telegana has been ranked second with Haryana at the third spot, in the ease of doing business list prepared by the World Bank and the Department of Industrial policy and Promotion (DIPP). Gujarat has slipped further to the fifth rank in the ease of doing business.Aircel Maxis case: P Chidambaram, Karti get protection from arrest till August 7Former Finance Minister P Chidambaram got relief for the third time in the Aircel Maxis case from the Patiala House Court and his son Karti for the fifth time as their anticipatory bail has been extended till August 7. The Enforcement Directorate for the first time filed a reply in the case of P Chidambaram opposing his bail plea.TCS' net profit jumps 23% to Rs 7,340 crore in June quarterIT major Tata Consultancy Services Ltd's net profit rose 6.3 per cent sequentially while 23.5 per cent on YoY basis to Rs 7,340 crore in its first quarterly results declared to stock exchanges on Tuesday. The company's net profit in the same period in the previous fiscal stood at Rs 5,945 crore, the TCS said.HDFC group m-cap crosses Rs 10 lakh crore, only second after TatasDeepak Parekh-led financial services conglomerate HDFC group saw the market capitalisation of its listed firms cross Rs 10 lakh crore mark, making it only the second Indian business house after Tatas to achieve this feat. HDFC group currently has four listed entities -- housing finance major HDFC Ltd, banking behemoth HDFC Bank, life insurance firm HDFC Standard Life and Gruh Finance -- while Tatas have nearly 30 firms listed on the stock exchange.WhatsApp's new update to reach devices soon; feature to take on fake forwardsWhatsApp has started rolling out a new feature that will clearly demarcate messages that are forwards. The Facebook-owned company has released an official blog regarding the new feature where it explains how this new feature will help in their efforts to curb fake messages and fake news. Any forwarded message will have a small \"Forwarded\" label on top.


Mail Today Bureau
July 11, 2018
In last year's ranking, Andhra Pradesh had jointly topped the chart with Telangana while Gujarat was relegated to the third position from the top slot in 2015.


Ranjeev C Dubey
July 10, 2018
You can set up a maximum security biometric identity system in a high security facility with all round controlled access but the moment you take it to a national level, it develops any number of leakage points.


Sonal Khetarpal
New Delhi, July 3, 2018
According to a recent report by the International Labour Organisation (ILO), in India women spend 297 minutes per day on the care responsibilities, 9.6 times more than men. Globally, women perform 76.2 per cent of total of unpaid care work, three times as much as men.


BusinessToday.In
New Delhi, June 29, 2018
Climate change could cost India 2.8 per cent of GDP, and depress living standards of nearly half of its population by 2050, a World Bank report said. Watch BusinessToday.In's video to find out about the solutions to climate change.


BusinessToday.in
New Delhi, June 29, 2018
Climate change could eat into India's GDP, hurt living standards, says World BankClimate change could cost India 2.8 per cent of GDP, and depress living standards of nearly half of its population by 2050, as average annual temperatures are expected to rise by 1-2 per cent over three decades, a World Bank report today said. If no measures are taken, average temperatures in India are predicted to increase by 1.5-3 degrees, said the World Bank report titled 'South Asia's Hotspots: The Impact of Temperature and Precipitation Changes on Living Standards'. India's average annual temperatures are expected to rise by 1-2 degrees celsius by 2050, the report said.B Sriram steps down as SBI MD amidst IDBI Bank stake sale talksB Sriram has resigned from the post of Managing Director at the State Bank of India (SBI), days after he was appointed to lead the IDBI Bank. He was named the Managing Director and Chief Executive Officer of the IDBI Bank last week for a period of three months. He replaced Mahesh Kumar Jain at the helm of IDBI Bank on June 22, who will join the Reserve Bank of India (RBI) in the capacity of Deputy Governor. A PTI report said while quoting sources that his resignation from the board of SBI has been forwarded to Appointments Committee of the Cabinet (ACC) for approval. A decision on the matter will now be taken by a competent authority. The Committee is headed by Prime Minister Narendra Modi.Akash Ambani-Shloka Mehta engagement: SRK, Alia Bhatt, Priyanka Chopra attend star-studded bashThe couple who is currently the talk of the town - Akash Ambani and Shloka Mehta - threw a star-studded engagement bash on Thursday evening. The glam affair took place in Mukesh and Nita Ambani's Mumbai residence, Antilia. The bash was attended by the who's who of Bollywood, including Shah Rukh Khan and wife, Gauri Khan, Alia Bhatt, Ranbir Kapoor, Priyanka Chopra and her rumoured beau Nick Jonas, Karan Johar, as well as Sachin Tendulkar and wife Anjali. According to reports, the bash last night followed a traditional ring ceremony and involved all the close friends and family. A bigger party is reserved for June 30.Amazon, H&M and other multinationals pressing to soften Indian state's plastic banMultinational companies like Amazon Inc and H&M are lobbying to soften a ban against single-use plastic imposed by an Indian state last week, according to four sources familiar with the matter. Representatives of companies including Amazon, H&M, Pepsi and Coca-Cola , as well as plastic industry bodies and lobby groups, met with Maharashtra government officials days before the ban came into effect on June 23, urging them to implement the rule in phases and relax some norms, said the four sources who declined to be named.Indians' money in Swiss banks rise 50% to over CHF 1 billionMoney parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion (Rs 7,000 crore) in 2017, reversing a three-year downward trend amid India's clampdown on suspected black money stashed there. In comparison, the total funds held by all foreign clients of Swiss banks rose about 3 per cent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017, according to the official annual data released today by Swiss National Bank (SNB), the central banking authority of the Alpine nation.


PTI
New Delhi, June 28, 2018
Climate change could cost India 2.8 per cent of GDP, and depress living standards of nearly half of its population by 2050, as average annual temperatures are expected to rise by 1-2 per cent over three decades, a World Bank report said.


BusinessToday.in
New Delhi, June 28, 2018
SBI in process to shut 9 foreign offices as part of rationalisation: MDState Bank of India (SBI) has closed six foreign branches and is in the process of closing down another nine branches as part of rationalisation of overseas operations, said Managing Director Pravin K Gupta. SBI, country's largest lender, has operations in about 36 countries with nearly 190 branches. Not all the branches in the foreign locations are full-fledged offices, he said, adding that in countries like Bangladesh and South Africa there are some small branches as well as some retail branches and there is need to rationalise them.India no more a country with most number of poor peopleIndia is the world's fastest-growing economy but it's also one of the poorest countries in the world. With the population of over 1.3 billion, India is trying hard to take poor people out of the poverty line. The efforts seem to be paying, says the latest report by the Future Development blog of the World Bank's Brookings Institute. Titled as 'The start of a new poverty narrative', the report says that India is moving down in global poverty ranking. From 125 million poor people in 2016, India had just 73 million people in the poorest of the poor index as of May 2018. Nigeria has overtaken India with the largest number of extremely poor people at 87 million in early 2018.Trump's legislation to limit Chinese investment in USPresident Donald Trump today opted for a less confrontational approach to limit Chinese investment in America, which he believes at times poses a serious challenge to national security. Trump said the Foreign Investment Risk Review Modernisation Act (FIRRMA), will enhance American ability to protect the country from new and evolving threats posed by foreign investment while also sustaining the strong, open investment environment to which the US is committed, and which benefits its economy and people. Through this review, US will assess its export controls and make any modifications needed to strengthen them to defend national security and technological leadership.Govt may sell iconic Air India buildingThe government is focusing on asset monetisation of cash-strapped airline Air India. In a first major sign of its revival, the government has initiated a process for the sale of Air India's iconic building -- known as Air India Building -- in Mumbai to state-owned Jawaharlal Nehru Port Trust, India's biggest container port. PTI quoted a source claiming the proposal has got in-principle approval from Prime Minister Narendra Modi and that an inter-ministerial committee has been asked to work out modalities. The latest development is significant as asset monetisation is one of the ways the government plans to boost up the beleaguered airlineCentre proposes dissolving UGC, setting up new Higher Education CommissionThe University Grants Commission, India's national watchdog for higher education may be scrapped, as it stands. The education regulator could be replaced by a higher education commission, Union HRD Minister Prakash Javadekar said. The Higher Education Commission of India will be set up in lieu of the UGC and will emphasise on promoting excellence and facilitating the growth of the Indian education systemEnd of road for India's EVs? Babus say no to electric cars made by Mahindra, Tata MotorsIn less than a year after state-run Energy Efficiency Services Ltd (EESL) floated a tender for 10,000 electric cars amid much fanfare, India's EV growth story seems to be headed in a wrong direction. According to a report in Livemint, senior government officials have refused to use electric cars made by homegrown carmakers - Mahindra and Mahindra and Tata Motors - due to poor performance and low mileage. Out of the first lot of 500 electric vehicles in the first phase, Tata Motors was to supply 350 units of its e-Tigor, and Mahindra & Mahindra got the order for 150 cars. \"Both models failed to run even 80-82km on a single charge within city limits,\" the report quoted an official from the ministry as saying. Battery capacity was not up to the mark, compared to global standards, it said.


BusinessToday.In
New Delhi, June 27, 2018
From 125 million poor people in 2016, India had just 73 million people in the poorest of the poor index as of May 2018. Nigeria has overtaken India with the largest number of extreme poor at 87 million poor earlier this year.


BusinessToday.In
New Delhi, June 22, 2018
In 1991, India received only $3 billion as remittances. The current numbers are 22 times that of 1991, indicating a staggering increase in money coming back to India.


BusinessToday.In
New Delhi, June 21, 2018
SJM co-convener Ashwani Mahajan, in a tweet further requested Prime Minister Narendra Modi to see to it that the next CEA is one who has \"faith in farmers, workers and entrepreneurs of Bharat and is not on sabbatical.\"


Mudit Kapoor
New Delhi, June 20, 2018
Analysis of some of the financial indicators across the time horizon of 3 years (FY16 to FY18) to study the impact of demonitisation.


BusinessToday.In
June 19, 2018
The Union Minister's statement came a day after Prime Minister Modi while speaking at the Niti Aayog's fourth Governing Council meet said that the economy has grown at a healthy rate of 7.7 per cent but the challenge now is to take this growth rate to double digits.


BusinessToday.In
New Delhi, June 15, 2018
We take a look at what goes into making a business responsive, innovation driven and proactive when it comes to addressing and solving business issues. If you are a small business owner, we have two simple mantras of success for you to draw from.


BusinessToday.In
New Delhi, June 14, 2018
Technically, a bad bank is an Asset Reconstruction Company (ARC). Once it is formed, banks divide its assets into two categories -- one with non-performing assets and other risky liabilities and the other with healthy assets, which help banks grow financially.


BusinessToday.In
New Delhi, June 13, 2018
Government may create a bad bank to take over the troubled loans of public sector banks. Bad banks have worked in several countries around the world, including South Korea and the US. Watch BusinessToday.In's video to find out more about bad bank and its objectives.


BusinessToday.In
New Delhi, June 12, 2018
The RBI governor said the banks need to improve their internal control system to tackle issues related to frauds and other challenges like asset quality and rising non-performing assets. He said PNB, in its compliance report to the RBI, furnished wrong information on safety measures.


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