What are the latest business news? Business news - August 2020. 1) The Madras high court fined Patanjali INR10 lakh for chasing profit by exploiting public fear by projecting a COVID-19 cure. Where actually ‘Coronil’ is not a cure but rather an immunity booster. They wanted to do marketing their products however the court permanently banned ‘Coronil’. It is nothing we all know that it is marketing by saying the product is a cure or anything else. 2) Reserve Bank of India governor Shaktikanta Das on 6 august Thursday said that India’s forex reserves have increased by $56.8 billion to $534.6 billion in the current financial year between April to July . This is equivalent to 13.4 months of imports, he added that India’s foreign exchange reserves crossed the $500 billion mark for the first time in July. Our foreign exchange is growing contiguously. 3) The Indian Railways launched the first ‘Kisan Rail’ coaches on Friday. ‘Kisan Rail’ will help for faster transportation perishable fa
INDIAN GOVERNMENT BANNED CHINESE APPS New Delhi ,:The Indian government banned 59 Chinese mobile applications, including top social media platforms such as TikTok, Helo and WeChat, to counter the threat posed by these applications to the country’s “sovereignty and security,” it said in a press release late on Monday. ShareIT, UC browser and shopping app Clubfactory are among the other prominent apps that have been blocked amid rising tensions between India and China following clashes at the border two weeks ago. The government said the applications are engaged in activities “prejudicial to sovereignty and integrity of India, defence of India, security of state and public order.” The ban has been imposed under Section 69A of the Information Technology Act read with relevant provisions of the Information Technology (Procedure and Safeguards for Blocking of Access of Information by Public) Rules 2009, it said. The government also cited complaints about data on Indian users bein