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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.


BusinessToday.In
July 13, 2018
In a regulatory filing Fortis Healthcare disclosed that its board had decided to recommend the binding investment proposal from IHH Healthcare Berhad (IHH) to invest Rs 4,000 crore by way of preferential allotment at a price per share of 170.


BusinessToday.In
New Delhi, July 11, 2018
Airbus' narrow-body jets seem to be the biggest priority for Vistara, which has ordered 13 A320 neo and A321 neo aircraft from the European aerospace major. The deal with Boeing includes orders for six B787-9 Dreamliners.


BusinessToday.In
July 9, 2018
The newly-opened Samsung plant in Noida which has the capacity to manufacture 1 crore phones per month is expected to create 1,000 more jobs in the country.


Sumant Banerji
New Delhi, July 9, 2018
After displacing Samsung from pole position in smartphones, Xiaomi aims for a bigger play in Indian consumer durables.


BusinessToday.In
New Delhi, July 9, 2018
What's even more surprising is that people in Hong Kong are opting to transport their automobiles to other countries to alleviate the burden of an exuberantly priced parking.


BusinessToday.In
July 4, 2018
The market closed higher today after the Modi government raised minimum support price (MSP) of kharif crops which boosted sentiment. While the Sensex rose 266 points to 24,327 level, the Nifty gained 70 points to 10,769. Auto stocks led the gains with BSE auto index rising 313 points or 1.31% to 24,327 level. The BSE bankex too rose 201 points to 29,326 level, a gain of 0.69%. Bajaj Auto, Maruti Suzuki, HDFC and HUL were the top Sensex gainers. Stocks of rural players such as Hero MotorCorp and Mahindra and Mahindra too closed higher on the development. The stock of market heavyweight Reliance Industries Ltd (RIL) too closed 1.90% higher at 990 level on the BSE. Market breadth was marginally negative with 1,265 stocks closing higher compared with 1,350 ending in the red on BSE. Coming to global markets World shares were mostly lower on Wednesday as European shares tracked losses in Asia and on Wall Street, where tech shares were hit by worries over trade tensions between Beijing and Washington.Germany's DAX lost 0.4 percent to 12,306 and the CAC 40 of France lost 0.1 percent to 5,311. Britain's FTSE 100 slipped 0.2 percent to 7,579. Japan's Nikkei 225 index fell 0.3 percent to 21,717 and the Shanghai Composite index dropped 0.1 percent to 2,759. Hong Kong's Hang Seng index fell 1.1 percent to 28,241 and the Kospi in South Korea lost 0.2 percent to 2,265. Australia's S&P ASX/200 gave up 0.4 percent to 6,183.


BusinessToday.In
New Delhi, July 4, 2018
CBI seeks custodial interrogation of P Chidambaram in INX Media caseThe Central Bureau of Investigation (CBI) on Tuesday moved a plea in the High Court for permission to go ahead with the custodial interrogation of former finance minister P Chidambaram in the INX Media corruption case as he was not allegedly cooperating in the investigation. The investigating agency moved its application merely a few hours after Chidambaram's plea for extension of interim protection from arrest was granted by the Delhi High Court. The premier investigation agency made the submission in an affidavit filed before Justice A K Pathak, who listed the matter for hearing on August 1 and extended till then the interim protection against arrest granted to Chidambaram on May 31. Why should women do all the work?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. While men spend only 30 minutes to provide care for elderly and children at home, one of the lowest in Asia-Pacific. Globally, the situation is not much different, where women perform 76.2 per cent of total of unpaid care work, three times as much as men. In Asia and the Pacific it rises to 80 per cent. In 2018, 49.5 per cent of women in Asia-Pacific declared that they cannot work or are not looking for a job due to unpaid care work. Govt warns WhatsApp over spread of messages triggering violence  The government today directed WhatsApp to immediately take steps to prevent the spread of \"irresponsible and explosive messages\", saying the social media platform cannot evade its responsibility, amid a spate of lynching cases purportedly triggered by posts circulated on such popular messaging apps. WhatsApp has also been asked to immediately contain the spread of such messages through application of technology, even as law and order machinery takes steps to apprehend the culprits. Noting that miscreants were repeatedly circulating provocative messages triggering a spate of violence, the government has said it has \"conveyed in no uncertain terms that WhatsApp must take immediate action to end this menace and ensure that their platform is not used for such malafide activities\". When contacted, a WhatsApp spokesperson told PTI, \"WhatsApp cares deeply about people's safety and their ability to freely communicate\". Google is letting third-party developers access your Gmail InboxThe Mountain View tech giant, Google, has been allowing third-party app developers to scan through inboxes of Gmail users, according to a recent Wall Street Journal report. In June last year, Google stopped scanning user's emails, which was being done to provide personalised ads. Despite curtailing the inapt practice, it has allowed hundreds of third-parties to continue doing the same. The report said, \"Google does little to police those developers, who train their computers - and, in some cases, employees - to read their users' emails.\"  Saudi says ready to pump more oil to balance market  Saudi Arabia, the world's top crude exporter, said today it was prepared to use its spare production capacity, estimated at two million barrels, to balance the global oil market. \"The kingdom is prepared to utilise its spare production capacity when necessary to deal with any future changes in the levels of supply and demand,\" a cabinet statement said following a meeting chaired by King Salman. The statement said the kingdom will coordinate with other producers.Saudi Arabia, which has been pumping around 10 million barrels per day, holds the largest spare capacity in the world and is the only country that can add substantial supply to the market. Harley-Davidson row: Trump says administration working to bring other motorcycle companies to US  President Donald Trump said today his administration is talking with other motorcycle companies about moving to the US after Harley Davidson decided to shift some operations overseas in the wake of retaliatory EU tariffs against American duties. Harley-Davidson said on June 25 that tariffs implemented by the EU would increase the average cost per motorcycle by about USD 2,200 and the company will shift some production overseas as a result. The European Union imposed the tariffs in retaliation against the Trump administration's duties on steel and aluminum imports, which were an effort by Trump to protect US jobs.


BusinessToday.in
New Delhi, July 3, 2018
Pantene, Unilever, Colgate will not last long against Patanjali, says Baba RamdevAfter upstaging giants like Unilever, Colgate, Pantene and Nestle, Baba Ramdev is openly mocking these companies as competition goes fierce in India's FMCG segment. Baba Ramdev who founded Patanjali Ayurved said that all these companies would wither away and it is just a matter of time. \"People pass away in 100 years... so these companies will also pass away in a couple of days... we have just made them do shirsasana... in a couple of days they will attain moksha also,\" the baba said. However, Baba Ramdev's Patanjali Ayurved that had recorded over 100% growth rate about a year ago saw a considerable dip in demand in the past year. A senior manager told Business Today in June this year, \"Their store filling frequency is pathetic. When the consumer asks for the product and it's not available she obviously moves to other brands.\"Flipkart deal in line with govt's FDI policy, says WalmartUS retail giant Walmart on Monday said its proposed $16 billion acquisition of Flipkart was in accordance with the government's FDI policy even as local shopkeepers and traders continued their protest against the deal. The Confederation of All India Traders (CAIT) organized mass sit-in protests across cities such as Delhi and Mumbai against the deal on Monday. The traders body fears Walmart's buyout of Bengaluru-based Flipkart will create a monopoly in the retail market and drive mom-and-pop stores out of business. CAIT has been urging the government to scrap the deal and constitute a regulatory authority to monitor the country's e-commerce market.Trump: WTO needs to change ways or US will do 'something'President Donald Trump is warning the World Trade Organisation that if the United States isn't treated \"properly, we will be doing something.\" Trump is again denying plans to withdraw the U.S. from the WTO but tells reporters in the Oval Office that the trade organization needs to change its ways. Trump has struck US allies with tough tariffs and is planning to impose tough trade penalties on China later this week. He says the WTO has treated the U.S. \"very badly and I hope they change their ways.\" He says he's not \"planning anything now\" but if the WTO doesn't treat the U.S. properly, \"we will be doing something.\" Trump did not elaborate. He spoke during a White House meeting with Dutch Prime Minister Mark Rutte Nikkei Manufacturing PMI rises to 53.1 in June, the fastest growth in 2018The latest Nikkei India Manufacturing Purchasing Managers Index (PMI) survey brings plenty to cheer about. The PMI rose to 53.1 in June from 51.2 in May, consistent with the fastest improvement in the health of India's manufacturing economy in the year so far. This is the 11th consecutive month that the manufacturing PMI remained above the 50-point mark. A score above 50 means expansion, while a reading below 50 points toward contraction. According to the survey, the sector's activity grew at the strongest pace since last December, supported by rise in domestic and export orders.Sanju surpasses Baahubali 2 to register highest single day collectionRanbir Kapoor-starrer Sanju has created history by recording the highest single day collection for a Hindi film. On the third day, according to trade analyst, Taran Adarsh, the Rajkumar Hirani-directed biopic cashed in Rs 46.71 crore. In doing so, it surpassed the Rs 46.50 record set by Baahubali 2 in April, 2017. The film was released across 4,000 screens in India, and 1,300 screens overseas. It grossed Rs 34.75 crore on Friday, Rs 38.60 crore on Saturday, and created history on Sunday. In total, the film has managed to mint Rs 120.60 crore in the first three days of its release, making it the highest weekend opening for a film in 2018.


BusinessToday.In
July 3, 2018
India imported 771,000 barrels of crude oil a day from Iran in May, a 35 per cent increase from the previous month.


PTI
New Delhi, July 2, 2018
The group is looking to create up to 5,000 direct and indirect jobs through setting up of the engineering centre and creation of additional capacities in the two plants.


Sumant Banerji
New Delhi, June 25, 2018
It was Dr. Volkmar Denners second visit to India since he became the top boss at Bosch, the world's biggest automotive component manufacturer. It could not have come at a more remarkable time. The Dieselgate scandal of 2015 has just taken a turn for the worse with the arrest of Audi CEO Rupert Stadler last week. For a staunch proponent of the technology, there is much at stake for Bosch on how this controversy plays out. While Denner is concerned with the loss of credibility of the industry, he is also looking beyond the immediate. Taking an hour out of his three-day India tour, Denner shares with Sumant Banerji his vision on electric mobility, the need to straddle various technologies and Bosch's big plans in India that include a Rs 1,700 crore investment roadmap over the next three years. Edited excerpts:


PTI
June 25, 2018
Morgan Stanley pegged BSE Sensex earnings growth at 5 per cent, 23 per cent and 24 per cent for financial year 2018, fiscal 2019 and fiscal 2020, respectively.


Reuters
June 22, 2018
Saudi Arabia and non-OPEC Russia have said a production increase of about 1 million barrels per day (bpd) or around 1 percent of global supply had become a near-consensus proposal for the group and its allies.


BusinessToday.In
June 20, 2018
The Nokia X6 has appeared on the Italian version of the Nokia site which is a clear indication that the much-anticipated handset is going reach other markets as well.


BusinessToday.In
New Delhi, June 15, 2018
Indian Amazon sellers do not only get access to the European market, they also can use PayPal which is not directly allowed in India. PayPal is one of the most-used payments system in Europe.


PTI
June 14, 2018



BusinessToday.In
New Delhi, June 13, 2018
Samsung Galaxy S9+ top selling smartphone, but Apple, Xiaomi dominate listSamsung topped the chart of best selling smartphone globally but Apple still dominates the total list with five entries in the top ten. Counterpoint has released its Market Pulse research and crowned Samsung's Galaxy S9+ with the best selling smartphone in the world title.In the list of top ten, the majority belonged to Apple with all the recent launches in the list. Samsung's Galaxy S9+ and Galaxy S9 got the top two ranks, followed by Apple iPhone X, iPhone 8 Plus and Apple iPhone 8. iPhone 6 and iPhone 7 reserved the seventh and ninth position respectively.Aadhaar number no longer mandatory to register for a new mobile numberThe Department of Telecom (DoT) released a circular on Tuesday asking all telecom operators to work on a mechanism that employs Virtual IDs instead of the sensitive biometric data. This step will help UIDAI restrict the massive flow of data to major telecom companies. The companies will now have to use Virtual IDs and Limited KYC, which essentially mask user data and hence avoids blatant sharing of sensitive data.The implementation of this new service launched by UIDAI is due on July 1. Telecom companies are expected to make the necessary changes in their data verification method.Uber launches Uber Lite, a slimmed down version of the ride-hailing appUber, in a quest to be on every mobile device, has come up with a Lite-version of its much popular ride-hailing app. The move is touted to assist travelers in booking a ride even when they are facing bad connectivity. While the full version of the app consumes almost 180 MB space on IOS devices and 40 MB on Android phones, the slimmed down version is expected to be just around 5 MB. The app is first being piloted in Indian markets; and if successful, it might be rolled out to international markets. The minimal version of the app saves space, is compatible with all major carriers, and works on even the most basic mobile devices.


BusinessToday.In
New Delhi, June 13, 2018
Samsung topped the chart of best selling smartphone globally but Apple still dominates the total list with five entries five of the top ten. Counterpoint has released its Market Pulse research and crowned Samsung's Galaxy S9+ with the best selling smartphone in the world title.


BusinessToday.In
New Delhi, June 5, 2018
The trend of more US shale crude hitting the market isexcellent news for world crude importers; nearly 800 benami assets which havebeen attached under the Benami Transactions (Prohibition) Amendment Act couldbe invalid and an expose has revealed how Facebook allowed nearly 60 phonemakers to access personal information of users and their friends.BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Badand The Ugly.


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