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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.


PTI
August 19, 2018
The mega deal, announced in May this year, is the largest so far in the Indian retail space. This is also Walmart's biggest acquisition and will help it compete more aggressively with its US-based rival Amazon.


Reuters
August 18, 2018
Technology executives and trade groups have discussed approaching Prime Minister Narendra Modi's office to appraise him of their worries. Separately, the industry is considering pitching the issue as a trade concern, including at the India-US talks in September in New Delhi.


E Kumar Sharma
August 18, 2018
NCL VEKA, a 50:50 JV, is now making fresh investments to the tune of Rs 25 crore in machinery, product enhancements, new show-rooms and marketing outlay. This is in addition to the Rs 50 crore invested so far.


BusinessToday.In
August 18, 2018
As Chief Financial Officer, Ranganath oversaw key functions across the group, including corporate finance, taxation, treasury, mergers and acquisitions, risk management, and investor relations.


BusinessToday.In
August 17, 2018
The yoga guru Baba Ramdev's company, which had recorded over 100 per cent growth rate about a year ago, has since witnessed a considerable dip in demand.


Mail Today Bureau
August 17, 2018
German luxury carmaker Mercedes Benz on Thursday said itwill hike prices of its vehicles across models by up to 4 per cent fromSeptember to offset adverse impacts of rising input costs and adverse forex movement.


BusinessToday.in
New Delhi, August 16, 2018
Reliance JioPhone 2 goes out of stock in minutes, website crashes due to heavy loadReliance JioPhone 2 went on its first sale and as expected the device went out of stock in a matter of seconds. Due to heavy load, the website crashed during the flash sale. However, it resumed after a few minutes. Reliance JioPhone 2 will be sold next on August 30.Xiaomi Mi A2 goes on first sale in India, next sale on August 23On the other end of the spectrum, Xiaomi also conducted the first flash sale in India. The device is priced at Rs 16,999 and is available in a single variant for now. Later, the company will be launching the 128GB variant as well. The next sale is scheduled for August 23. Mi A2 is powered by Snapdragon 660 and comes with an impressive camera setup.Motorola launches Moto P30 in China, looks a lot like iPhone XMotorola launched Moto P30 with iPhone X like display. The device has one of the broadest notches we've seen on an Android display. It comes with a dual camera setup on the rear panel with one 16 megapixel sensor and the other with 5 megapixel sensor. The front camera comes with a 12 megapixel sensor.


Aseem Thapliyal
August 16, 2018
The stock has grown 561 per cent from Rs 98.30 on August 16, 2013 to Rs 640 on August 16, 2018. The Sensex has doubled during the same period. Meanwhile, its listed peers PC Jewellers and Titan Company rose 127% and 283.44%, respectively, during the last five years.


BusinessToday.in
New Delhi, August 16, 2018
Cosmos Bank ATM hack: NPCI says cyber fraud due to malware attack on bank's IT systemA day after Pune-based Cosmos Bank said it was hit by a cyber attack in which miscreants allegedly hacked the server and transferred over Rs 94 crore to overseas accounts, the National Payments Corporation of India (NPCI) claimed that its systems are \"fully secure\" and the cyber fraud happened due to a malware-based attack on the lender's IT system. Hackers managed to siphon off over Rs 90 crore through a malware attack on the server of the cooperative bank and cloning thousands of debit cards, Cosmos Bank chairman Milind Kale had said. The fraudulent transactions were carried out on August 11 and August 13 and the malware attack by the hackers originated in Canada.Rupee Hits Fresh Record Low Of 70.32 Against US DollarThe rupee opened at a record low of 70.25 a dollar and weakened further to trade at a fresh low of 70.32, down by 43 paise, reported news agency Press Trust of India (PTI).  Experts attributed the fall in rupee to the trade deficit hitting a 5-year high. PTI reported forex dealers as saying that besides strong demand for the American currency from importers, capital outflows mainly weighed on the domestic currency.NTPC To Set Up A Subsidiary For Coal Mining SoonState-run power giant NTPC Ltd. will soon set up a subsidiary to handle coal mining operations as it plans to enter commercial coal mining after meeting its own requirement, an official said according to PTI. The power sector behemoth also has a plan to list the coal subsidiary subsequently on stock exchanges. The power PSU has been allotted 10 coal mines to meet its fuel requirement of which work has been started in five mines.Patanjali to launch Kimbho chat app on August 27More than two months after it was taken down hastily, Baba Ramdev-led Patanjali Ayurved has said that its messaging app 'Kimbho' is ready with new features and plans to re-launch it this month. The Haridwar-based company has now put Kimbho's trial version on Google Play Store for downloads and plans to launch the app officially on August 27. It will also be available on Apple App store shortly.Blackstone may buy stake in Jet Airways' frequent flyer arm, says reportUS-based private equity firm Blackstone Group is in talks to acquire a stake in the frequent-flier loyalty program of Jet Airways, Bloomberg reported on Wednesday, citing people familiar with the matter. A potential deal could value the loyalty program, Jet Privilege Private Ltd, between $429.1 million to $572.1 million and would be dependant on Jet Airways securing adequate funding for its airline operations, Bloomberg said.Beware of fake Ayushman Bharat websites trying to lure people with bogus schemesPrime Minister Narendra Modi in his address to the nation from the ramparts of Red Fort announced his ambitious Ayushman Bharat scheme that aims to provide health insurance to all. However, even before the scheme is launched on September 25, the birthday of Bharatiya Jana Sangh founder Deen Dayal Upadhyay, a number of fake websites have come up with the aim of cheating prospective beneficiaries. Social media is abuzz with messages propagating these fake websites whose aim is to lure people by offering attractive scheme and cash in on their money. These websites are lookalikes of the official website of the Ayushman Bharat scheme.The government has now issued messages asking people to be cautious. Taking cognizance of the matter, Ayushman Bharat CEO, Indu Bhushan has appealed to the people to be cautious.


BusinessToday.In
August 16, 2018
OYO is reportedly in advanced talks to raise up to $1 billion in a deal that could value it at over $4 billion.


BusinessToday.In
August 16, 2018
The stock fell 1.15% intra day  to 1,196.25 level on BSE.  The large cap stock has risen 53.29% during the last one year and has gained 30.39% since the beginning of this year.


BusinessToday.In
August 16, 2018
As the company will be selling the device in a flash sale, the stock is expected to be limited and the sale might get over in a matter of a few minutes.


PTI
New Delhi, August 15, 2018
More than two months after it was taken down hastily, Baba Ramdev-led Patanjali Ayurved today said that its messaging app 'Kimbho' is ready with new features and plans to re-launch it this month.


Reuters
August 15, 2018
A potential deal could value the loyalty program, Jet Privilege Private Ltd, between $429.1 million to $572.1 million.


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
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.


Rajiv Jayaraman
August 15, 2018
These digital born companies are not in the business of producing the product that the buyer consumes. They are in the business of facilitating interactions between producers, partners and consumers on a digital platform in a seamless fashion.


BusinessToday.In
August 15, 2018
Reliance Jio has setup two ways to go about the registration process. One can either do it on the company's My Jio app or log on to Reliance Jio's official website.


Sonal Khetarpal
August 14, 2018
Promoters of MNCs have also increased the stake in their Indian subsidiaries, probably indicating their belief in the 'India story'.


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