Business
Digital Transactions Soar up to 1,000 Percent Since November 8: Ravi Shankar Prasad
The minister launched free-to-air channel DigiShala which will be available on Doordarshan's DTH platform and 'CashlessIndia' website to educate people about digital transactions.
Market Rules Firm for Second Day on Eve of RBI Policy Announcement
The market let go of its early leads, but ruled firm for the second day on Tuesday in a cautious trade ahead of RBI policy announcement tomorrow amid positive Asian cues.
Post Demonetisation, Manufacturing Slumps but Sticks to Expansion Mode
The first concrete set of economic data to be released since Prime Minister Narendra Modi scrapped old denomination notes of Rs 500 and Rs 1,000 on November 9 indicates that manufacturing in India has weakened in the month but companies surveyed felt demo...
Tatas asks Nusli Wadia To Withdraw Legal Notice
Tata Sons has asked Nusli Wadia to withdraw his legal notice saying there was nothing vindictive in its resolution seeking his removal as independent director on board of group firms.
'Islamic Window' in Banks Would Attract Huge Gulf Money: Islamic Finance Body
"There are various sovereign funds in Gulf countries with trillions of dollars waiting to invest in India. Introduction of Islamic banking will give a green signal to people in nations like the UAE, Qatar and Bahrain to invest here," ICIF General Secretar...
Rupee Sheds 11 Paise Against Dollar in Early Trade
The rupee weakened by 11 paise to 68.57 against the dollar in early trade on Monday at the Interbank Foreign Exchange market on month-end demand for the American currency from importers.
Economists' Criticism of Demonetisation Not Fact-Based: Bibek Debroy
Hitting out at economists for criticising demonetisation, Niti Aayog member Bibek Debroy has said that critics are unaware of the government's financial inclusion programme and their understanding of the situation is based on views expressed in English la...
Bank Customers Can Continue to Withdraw up to Rs 24,000 Per Week
Following cancellation of legal tender character of old Rs 500 and Rs 1000 currency notes fro November 9, restrictions were imposed on cash withdrawals from accounts and ATMs.
Notes Ban to Have Negative Impact on Growth in Short Run: Fitch
Demonetisation will have a "negative" impact on growth in the short run but for the full fiscal, the GDP decline would be "relatively moderate", Fitch Ratings said on Friday.
Tata Motors Shares Down 4 percent; Top Loser On Sensex, Nifty
After a weak opening, the stock further lost 3.93 per cent to Rs 452.85 on BSE. On NSE, it dipped 3.71 per cent to Rs 454.
Car Makers Lure Customers With E-payments Post Demonetisation
To woo customers post demonetisation, auto makers Renault, Nissan and Honda have tied up with banks and e-wallets firms to offer cashless facilities and fully financed car loans. Renault India has announced cashless transaction for customers making vehicl...
Short Code Messages Free Till Dec 31; To Cost Just 50 Paise After That
Telecom operators will make short code messages used for banking services free till December 31, a move aimed at fueling cashless transactions following the government move to scrap high value notes of Rs 1000/500.
Demonetisation is Like Sucking out 85 percent Blood From a Body: Expert
An expert on black money has said that removing liquidity from the economy via demonetisation is unlikely to have an impact on the generation of black money, though it may send the economy into a tailspin.
New Rules on Network Rollout to Reduce Call Drops
Cellular operators' body COAI has said that new rules on installation of mobile towers and laying of optical cables will reduce call drops, rev up broadband speeds and improve service quality for consumers.
Post-Demonetisation, ICICI Bank Got Rs 32,000 crore Deposits: Chanda Kochhar
The bank has made sure that cash reached 5,000 of its business correspondents who serve the unbanked areas, said Kochhar.
'Brexit could be delayed by two years'
Sky News reported last week that the government was preparing a short bill to push through both the Commons and the Lords to try to keep its March deadline for triggering Article 50.
