New jobs rise to 11-month high of 9.51 lakh in July; 27 states, UTs on board to implement PM Modi's healthcare scheme from September 25; India to pay Iran in rupees for oil imports from November; Flipkart employees to turn millionaires after Walmart buys employee shares worth $800 million. Watch more in this episode of Business Wrap.

New jobs rise to 11-month high of 9.51 lakh in JulyNew job creations in July rose to an 11-month high of 9.51 lakh, taking the total tally of new enrolments to 61.81 lakh since September 2017, according to the EPFO's payroll data. Job addition numbers, which are based on new members enrolled in various social security schemes of EPFO such as pension, PF and insurance, were 9,51,423 in July -- the highest in any month since September 2017 when the retirement fund body started rel...

The critical payments data collected by them (foreign payments companies) is being processed and stored outside of India, which can have severe security implications in case of a data breach, Paytm writes to the NCPI.

Flipkart has announced in a letter to current employees that they will be allowed to liquidate their ESOPs at $126-128 a unit - against $150 a unit as the reports had initially suggested.

Alibaba is the first foreign company to openly claim it's ready to accept the data localisation rules, while other prominent giants like Amazon, Microsoft, American Express, Google and Facebook have shown reluctance.

The instant credit facility is a part of Flipkart's strategy to drive its gross merchandise volume by \"15-20 per cent\" by launching affordability instruments in the next 24 months.

Nokia's Android One device is placed in the mid-range segment. The Nokia 6.1 Plus also comes with a premium glass sandwich design which helps it stand out from the mid-range crowd.

Ahead of festive showdown, Flipkart pumps in Rs 3,463 crore to boost sales; RCom to exit telecom fully to focus on realty: Anil Ambani; Sebi eases rules to woo foreign funds; move aims to arrest rupee fall, stock market volatility; CCI imposes total penalty of Rs 38 crore on 18 sugar mills; PNB fraud: ED eyes Nirav Modi's Rs 4,000 crore worth of foreign assets. Watch more in this episode of Business Wrap.

Ahead of festive showdown, Flipkart pumps in Rs 3,463 crore to boost salesFlipkart is aiming at achieving 50 per cent of all smartphone sales during the upcoming festive month. Keeping the ambitious plan in mind, Flipkart has pumped in Rs 3,463 crore into its online marketplace, Flipkart Internet. This is the first biggest capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company. RCom to exit tele...

This is the first capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company.

Most of Hotstar's revenue comes from advertising and to get robust subscription (which is a more sustainable model) revenue, it surely needs to focus on original content.

With 2019 general elections less than a year away, Prime Minister Narendra Modi's personal mobile application NaMo app has begun the sale of Brand Modi merchandise.

The company will sell life, health and general insurance in India where the insurance sector is booming. Its rivals Paytm and Flipkart are already working towards making their presence stronger in the insurance space.

If govt allows, I can sell petrol, diesel for Rs 35-40 per litre, says Baba RamdevAs petrol and diesel prices continue to break records every day, yoga guru Baba Ramdev has said if the government allows, he can sell petrol and diesel for just Rs 35-40 per litre. He also called for bringing petrol and diesel under the lowest slab of the uniform Goods and Services Tax (GST), and not the 28 per cent rate, as people's \"pockets are being emptied\". Raising questions over the governmen...

Though talks are at an initial stage right now, the deal could give Flipkart a major push in its plans to provide attract more internet consumers on its platform.

The new device is placed in Xiaomi's best-selling smartphone series in India and comes with the same value for money proposition as its predecessors.

As many as 44 shareholders of Flipkart, including significant ones like SoftBank, Naspers, venture fund Accel Partners and eBay, had sold their holdings to Walmart.

The Oppo F9 will be available online exclusively at Flipkart, as well as offline at brick and mortar stores at Rs 19,990.

Xiaomi's Poco F1 is now available in an open sale. Just two weeks after it first went on sale, Xiaomi has decided to put it up on their website and Flipkart, without the restraints of a flash sale.

Govt approves procurement policy worth Rs 15,000 crore to ensure remunerative prices to farmers; RBI pulls back rupee from the brink by selling dollars; and Walmart and Flipkart employees can switch between companies. Watch this episode of Business Wrap.