Today’s Top Indian business news

Ram Dev Ayurvedic products maker Patanjali Ayurved said that they  composed to overtake the country's biggest consumer goods company Hindustan Unilever HUL) by the next year, featuring the sudden rise of a brand that few had heard of a decade ago. Hindustan Unilever  has been present in India for more than 80 years.

 The central government  has withdrawn subsidy given to pilgrims for Haj to Mecca and Medina. Government will not provide subsidy will be given to Haj pilgrims from 2018, minority affairs minister Mukhtar Abbas Naqvi said approximately Rs 250 crore was spent on Haj subsidy. Breaking news India this time these money would now be utilised for education and other welfare measures of Muslim women and girls

 

TCS has won a $690-million for 10 years contract from a unit of British insurer Prudential. Tata will use insurance platforms like  BaNCS and Diligenta, the UK-based subsidiary of TCS, to largely do away with human interventions in completing many back-end claims processes of M&G Prudential. It is the 3rd largest contract won by the Tata within the month.


 The major mobile payments app like - PhonePe, Flipkart’s will offer a new range of services, including bus ticket bookings and food ordering etc. From starting with ticketing platform RedBus booking, it is also looking to extend its platform and compete with Paytm.


 The Tata group is ready to exploring its  sale of the oil and gas exploration and the production business and has been hired EY for the same terms. India startup news the exiting businesses of Tata group specially those are unprofitable or lack scale and its oil and gas exploration is one such business.

 

Infosys surprises give to its staff with 95% variable pay,  which is the highest in past 9 quarters. Employees at Infosys were already in for big surprise after the IT bellwether announced 95% of variable pay in the December quarter, which is one of  the highest level of payout in the past nine quarters. "This is unusual and unexpected, especially in a weak quarter. We didn't get iPhones (under former CEO Sikka, the company gave 3,000 iPhones to top performers). But I think this is a great morale booster with a new CEO at the helm," one of employees told TOI on condition of anonymity. ..


 Ten states start their trial run for the e-way bill


On 16th Jnauray,2018 ten states, including Gujarat, Haryana and Bihar, the government's centralised eway bill system for inter-state transport of goods by road under the GST regime to plug revenue leakages. India business headlines


 While Karnataka, Rajasthan, Uttarakhand and Kerala had started using e-waybill, six more states — Haryana, Bihar, Maharashtra, Gujarat, Sikkim and Jharkhand — joined the trial run started by the GST Network (GSTN), the company that provides IT backbone. The new regime will become mandatory from next month with all inter- and intra-state movement across the country will be tracked from June.

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