Sat, May 20, 2023
Rs 2,000 withdrawal from circulation: The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.
Fri, May 19, 2023
BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation. But worry not! The 2,000 note will remain legal tender. You will get a chance to deposit the Rs 2,000 note at the bank, or exchange it up to 10 (Rs 20,000) at a time.
Mon, Mar 20, 2023
The finance minister says banks make assessment of amount and denominational requirements for ATMs on the basis of past usage
Fri, Feb 24, 2017
Freecharge that was just behind Paytm before demonetisation, but failed to capitalise on the opportunity quickly.
The score implied that the stakeholders' sentiments pertaining to the quarter is pessimistic.
Thu, Feb 23, 2017
Edelweiss believes that the domestic earnings in fourth quarter could fall further.
The report mentioned that both the banks have seen significant additions to their non-performing loans (NPLs) from outside of their already announced watchlist accounts.
Wed, Feb 22, 2017
SBI's chief economic adviser Dr Soumya Kanti Ghosh in its Ecowrap report has said India's GDP will be at 5.8% in the third quarter (Q3) and will recover to 6.4% in the fourth quarter (Q4) of FY17.
The Wadhwa Group has recorded over Rs 150 crore in housing sales during its Home Carnival season started a month ago in Mumbai and its suburbs.
"There is absolutely no cause for panic. We are not going after everyone who deposited their holding of the demonetised currency in bank accounts between November 8 and December 30, 2016. Very clear thresholds have been set for tax department to take up deposits for verification. I repeat, it is for verification and not scrutiny or assessment," a senior Finance Ministry official said.
The report mentioned that in the current quarter (Q4FY17), 9% rally in oil will drive upstream earnings and result in some inventory gains for downstream players.
To replace the old notes of Rs 500 and Rs 1,000 during demonetisation, the RBI had issued new notes of Rs 500 and Rs 2,000.
She said telcos being commercial entities have their objectives to ensure that they can carry voice, data with better clarity and speed and to make profits.
Tue, Feb 21, 2017
Digital payments app BHIM has crossed 17 million downloads so far NITI Aayog CEO Amitabh Kant said on Tuesday.
About 49 e-commerce companies in india have recorded over Rs 16,000 crore losses for the year to March 2015 on account of slowing economic growth, demonetisation, others.
The government will soon announce new notes of Rs 1,000 denomination but the specific dates for its launch is unclear.
Suvodeep Rakshit, Upasna Bhardwaj and Madhavi Arora analysts at Kotak Institutional Equities said, “After the initial surge in the volume of electronic payments in November-December, the trend seems to be normalising in January and February.”
The Reserve Bank of India (RBI) has issued a draft circular aiming at rationalising Merchant Discount Rate (MDR) on debit card transactions.
"Our rapid adoption of cashless payment methods in December 2016 quarter helped Ambuja to deliver a strong performance in 2016," Ajay Kapur, Chief Executive Officer of Ambuja Cement was quoted as saying in a statement.
Mon, Feb 20, 2017
The ban on specified bank notes (SBN) in the last two months of 2016 did not dent air travel as passengers carried by domestic airlines recorded higher growth rate in the months preceding demonetisation and even in January of 25.13%.
These stocks were – Maruti Suzuki, Jindal Stainless Hisar, Godrej Consumer, Marico, Venky's, Bharat Electronics, Praj Industries, Kalpataru Power, BEML, Power Finance Corp, Rural Electrification Corp and Care Ratings.
The central bank on January 30, had cancelled the daily and weekly limits imposed on ATM withdrawals and from the current accounts from February 1.
Murtuza Arsiwalla and Abhishek Poddar of Kotak Institutional Equities in their report stated that Pan-India players (which also includes Ambuja Cement) are expected to report weaker prices, higher costs and lower volumes due to demonetisation which will result in sequential decline in their earnings.
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