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BusinessToday.In
New Delhi, August 21, 2018
The report says there is a potential to unlock over USD 50 billion in online commerce in India by driving awareness, usage, and transactions among the current and next set of internet users and shoppers.


BusinessToday.In
New Delhi, August 20, 2018
Kerala CM seeks Rs 2,000 cr relief package from PM as state suffers Rs 19,512 cr lossAbout 357 people have lost their lives in what could be called the worst-ever flood in a century in Kerala. So far, the National Disaster Response Force has evacuated over 10,000 people from the worst-affected areas of southern state. In an unprecedented relief effort under the instructions of Prime Minister Narendra Modi, 67 helicopters, 24 aircraft, 548 motorboats and thousands of rescue personnel from Indian Navy, Army, Air Force, National Disaster Response Force, Coast Guard, other Central Armed Police Forces have been pressed into service to rescue and evacuate people from submerged areas to relief camps and for distribution of relief materials.Walmart completes deal to acquire 77% stake in FlipkartUS-based retail giant Walmart Inc on Saturday said it has completed its $16 billion deal with Flipkart and now holds 77 per cent stake in the Indian e-commerce major. The Bentonville giant's investment includes $2 billion of new equity funding to help accelerate the growth of the Flipkart business.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.Ayushman Bharat scheme: Delhi govt yet to take a call on signing MoU with CentreThe implementation of the government's ambitious Ayushman Bharat-National Health Protection Scheme in the national capital hangs in balance as the Delhi government is yet to take a call on signing an MoU with the Centre over it.The Delhi government has not yet given its approval for being part of the health insurance scheme which aims to provide a coverage of Rs 5 lakh per family annually and benefit more than 10 crore poor families across India.India's CAD to widen to 2.5 per cent of GDP in FY19: Moody'sIndia's current account deficit (CAD) will widen to 2.5 per cent of the GDP in the current fiscal due to higher oil prices that has been accentuated by rupee depreciation, Moody's and other experts have said. Rupee last week dropped to a record low of 70.32 to a US dollar as political turmoil in Turkey and concerns about China's economic health continued to support safe-haven assets and weighed on emerging market currencies.Rajiv Biswas, APAC Chief Economist, IHS Markit, said a further widening of the CAD is expected in 2018-19 to around 2.4 per cent of GDP, due to a further increase in the oil import bill and the impact of rupee depreciation on import costs.No ATM to be replenished with cash after 9 pm from next yearNo ATM will be replenished with cash after 9 pm in cities and 6 pm in rural areas from next year even as two armed guards will accompany crisp notes in transit as per a new directive issued by the Home Ministry. The deadline for putting money in the ATMs located in Naxal-hit areas is 4 pm while private cash handling agencies must collect money from the banks in the first half of the day and transport notes only in armoured vehicles.In a notification, the Home Ministry said the new Standard Operating Procedures (SoPs) would come into effect from February 8, 2019 in view of the spurt in incidents of attacks on cash vans, cash vaults, ATM frauds and other internal frauds leading to increased sense of insecurity.Infosys CFO M D Ranganath steps down after 17 yearsInfosys Chief Financial Officer MD Ranganath, who held several leadership positions during a tenure of over 17 years with the company, has resigned. Ranganath will continue in his current position as Chief Financial Officer till November 16, 2018. The Board will immediately commence the search for the next CFO. Explaining the reason behind the move, Ranganath said that he decided to quit to pursue professional opportunities in new areas.


PTI
August 19, 2018
Rupee last week dropped to a record low of 70.32 to a US dollar as political turmoil in Turkey and concerns about China's economic health continued to support safe-haven assets and weighed on emerging market currencies.


PTI
August 18, 2018
The highest ever growth rate since Independence was recorded at 10.2 per cent in 1988-89 when Rajiv Gandhi was Prime Minister.


Joe C Mathew
August 16, 2018
One and a half decade after Vajpayee demitted office, he is today remembered as a leader who took forward India's telecom revolution, laid the foundation for massive infrastructure projects - road, rail and air, in a size and scale that matched the Nehruvian-era.


BusinessToday.In
New Delhi, August 10, 2018
Only 40 per cent of India's 390 million internet users transact online. The remaining 60 per cent do their research online but complete the transaction offline.


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 mission chief of IMF described India as an elephant that is starting to run; after failed divestment bid, Civil Aviation Ministry plans Rs 11,000 crore bailout package for Air India; and China records first current account deficit in nearly 2 decades. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
August 8, 2018
The International Monetary Fund (IMF) believes the $2.6 trillion Indian economy is an elephant that is starting to run.


Karan Dhar
August 7, 2018
Greg Moran, the CEO and co-founder of India's largest self-drive car rental platform Zoomcar talks about partnership with Mahindra, and why the government had to water down its 2030 vision for electric vehicles.


BusinessToday.In
August 7, 2018
During the Budget presentation in February, then Finance Minister Arun Jaitley had projected the fiscal deficit target at 3.3 per cent of GDP for the financial year 2018-19.


Goutam Das
New Delhi, August 6, 2018
Green shoots emerge for residential real estate, but it isn't out of the woods.


Anuj Puri
New Delhi, August 6, 2018
The investment climate looks gloomy, but there are rays of hope.


PTI
August 4, 2018
The rupee continued to muscle up against the US currency for the second straight week as it extended gains after overcoming initial volatility amid a ratcheting up of global trade war rhetoric.


BusinessToday.In
New Delhi, August 2, 2018
From human development indicators like health and education to economic parameters like tax-to-GDP ratio, currency performance, and current account deficit, Pakistan's track record is dismal on all fronts.


Mudit Kapoor
New Delhi, August 1, 2018
Before he became Prime Minister, Narendra Modi vowed to bring all illicit money stashed away in foreign countries, and promised that poor people in the country would get Rs 15 lakh each.


Mail Today Bureau
August 1, 2018
The government last month was forced to shelve its plan to sell a majority stake in the beleaguered airline due to lack of interest from bidders, in the latest setback in its efforts to rescue the loss-making carrier that has been kept afloat for years using taxpayer funds.


BusinessToday.In
New Delhi, July 27, 2018
The industry is optimistic that the tax cut will fuel demand and provide a new impetus for growth, especially ahead of the upcoming festive season.


Sonal Khetarpal
July 23, 2018
The report surveyed 695 small, medium and large companies across 16 sectors in eight cities to understand the hiring sentiments.


Prosenjit Datta
New Delhi, July 18, 2018
India has a huge official data and statistics problem and the problem is only growing bigger by the day.


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