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Top 10 business news today: 1. Docoss X1 smartphone launched priced at Rs 888; India’s ‘cheapest’ handset looks to beat Freedom 251 mobile hype: Docoss X1 smartphone, claiming to be India’s cheapest phone priced at Rs 888 has been launched in India on its official website docoss.com – this come barely months after the bubble burst on Ringing Bells Freedom 251 mobile which was priced at Rs 251 and tagged as the ‘cheapest smartphone in the world. Docoss X1 smartphone can be booked till April 29 before 10 PM. Docoss is also taking orders via its SMS on ‘7666204430’ or ‘9223222888’ (Image Source: Website)
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10. Now, Baba Ramdev's Patanjali under food watchdog scanner over controversial 'ad': Baba Ramdev's Patanjali Ayurved is under FSSAI scanner with the food regulator asking its central licensing authority to issue a show cause notice over complaints about misleading advertisement of mustard oil product. This comes after edible oil industry body Solvent Extractors Association (SEA) filed complaints with FSSAI and advertising industry watchdog ASCI against Patanjali Ayurved for alleged misleading advertisements for mustard oil and sought action against the yoga guru Baba Ramdev-promoted firm. ASCI rapped Patanjali Ayurved for "false and misleading" claims in its various advertisements. "The advertisement's claims 'Other than Kacchi Ghani process most of the other edible refined oils and mustard oil are made using neurotoxin Hexagon solvent extraction process. To make profits at the cost of consumers' health many companies mix cheap palm oil in mustard oil", were not substantiated and the claims were misleading," ACSI said.(Image Source: Reuters)
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Top 10 business news today: 3. Make in India most important initiative by PM: Shah Rukh: Bollywood superstar Shah Rukh Khan on Wednesday hailed the Centre's 'Make in India' programme, terming it as the most important initiative by Prime Minister Narendra Modi that is generating jobs in the country. "Make in India is perhaps the single most important initiative by our honourable Prime Minister Narendra Modi, which propels companies in India and abroad to make it in our own country and our own land, thereby creating job opportunities, skill enhancement," the actor told reporters. Shah Rukh, 50, was speaking at the launch of BJP leader Shaina NC's coffee table book, 'Movers and Makers' which is a tribute to Make in India. (Image Source: Reuters)
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Top 10 business news today: 4. AgustaWestland not blacklisted under Sonia Gandhi led UPA rule: AgustaWestland was not blacklisted during the UPA rule, top Modi government sources claimed on Wednesday, asserting it was the NDA dispensation which had put on hold all acquisition proposals with the VVIP chopper scam-tainted firm. The sources said the government will now seek a report from the CBI, which had registered a case in 2013 in connection with the scam, and initiate moves to blacklist AgustaWestland and its mother company Finmeccanica in wake of fresh information that has come out. (Image Source: PTI)
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Top 10 business news today: 5. 620 motorists penalised for violating odd-even rule: A total of 620 motorists were penalised for violating odd-even rule on Wednesday. Enforcement teams of Delhi government booked 458 violators while the others were challaned by Delhi Traffic Police, officials said. Traffic police challaned a total of 162 violators throughout the city. A total of 641 motorists had paid fine for violation of odd-even rule yesterday. (Image Source: Express Photo by Cheena Kapoor)
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Top 10 business news today: 6. Subrata Roy’s health deteriorating in Tihar jail, can’t survive another summer: Sahara: Senior advocate Rajeev Dhawan, appearing for Sahara, sought release of Roy on the ground of his "deteriorating" health and the fact that market regulator SEBI has already been authorised to sell 66 properties. "The court should consider granting parole to him or put his client under house arrest. I am in substantial compliance of the orders of this court. SEBI has the property and the machinery. I am required for compliance of order of this court and I am not required for any offence. At this stage please consider all the factors and grant me parole. My client's health has been deteriorating and he may not be able to survive another summer in jail," Dhawan said. (Image Source: Reuters)
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Top 10 business news today: 7. Railways loss in passenger segment touches Rs 33,490.95 cr: The overall losses in passenger and other coaching services in Railways were Rs 33,490.95 crore during 2014-15, Lok Sabha was informed on Wednesday. Traditionally, the losses on the passenger side have been compensated by freight rates, Minister of State for Railways Manoj Sinha said in a written reply. The tariff policy has been to keep passenger fares low, especially in the lower classes, so that even the poorest segment of the population can avail the services, Sinha said. (Image Source: Express Photo by Amit Chakravarty)
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Top 10 business news today: 8. Mercedes-Benz to power vehicles with bio-diesel: Nitin Gadkari: Hit hard by the clamp down on large diesel cars, German luxury car maker Mercedes Benz has offered to power its cars and other vehicles with bio-diesel in India. "Mercedes has given me a letter that they can use 100 per cent bio-diesel in their cars and trucks…," Road Transport and Highways Minister Nitin Gadkari said on Wednesday. Gadkari said Mercedes India chief had met him and said that the standards "which we have prescribed for bio-diesel, Mercedes can use that in its cars and other vehicles". (Image Source: Express Photo Renuka Puri)
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Top 10 business news today: 9. Cameron warns 'no guarantee of success' for UK steel industry: Prime Minister David Cameron told Parliament on Wednesday that there was "no guarantee of success" for his government's efforts to save the British steel industry after Tata Steel announced its exit even as the country copes with a supply glut. The UK government had announced last week that it would be willing to take a 25 per cent stake in any takeover of the Indian steel major's UK units up for sale. (Image Source: Reuters)
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Top 10 business news today: 10. NDMC hikes licence fee of Le Meridien, The Lalit after 35 years: After a period of 35 years, the New Delhi Municipal Council has decided to hike the license fee of two five star hotels -Le Meridien and The Lalit. The civic body is supposed to renew the license fee every 33 years as per the licence deed which is for 99 years. However, that period had expired in March, 2014. While the Le Meridien used to pay Rs 2.68 crore per annum, the hotel will now have to pay over Rs 3 crore per month to the civic body. Similarly, The Lalit currently pays Rs 1.4 crore annually but will now have to cough up Rs 4.4 crore per month. (Image Source: Website)
