Now, get interest on exchange of old notes
Uploading Date : 13-12-2016The premium for illegal exchange of old currency notes has collapsed and money changers are proposing to pay interest on old notes provided the owner agrees to lock in the money for a year or more.........
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Car exports gain speed, on track in FY17
Uploading Date : 12-12-2016Prospects of a double-digit growth in the domestic passenger vehicles market in the current financial year look uncertain after demonetisation but a stronger growth story in the export market seems intact. Passenger vehicles (cars, vans and utility vehicles) exports are on track to hit a new record in FY17, as shipments continue to post strong double-digit growth........
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AI-powered IBM Watson to help Indian enterprises go digital
Uploading Date : 12-12-2016The year 2017 is predicted to be that of Artificial Intelligence (AI) and machine learning -- redefining the way humans communicate with devices to not only improve daily life but also boost businesses, even in India.......
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In pre-demonetisation month of October, IIP contracts 1.9%
Uploading Date : 10-12-2016Industrial production fell 1.9% in October despite it being a festival month and demonetisation was yet to be announced, indicating that months of November and December may see sharper fall due to cash crunch in the economy. Two of three broad segments-- manufacturing and mining-- declined by 2.4% and 1.1% respectively, while electricity generation rose just 1.1%........
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SBI to sell 3.9% stake in SBI Life Insurance for Rs 1,794 crore
Uploading Date : 10-12-2016State Bank of India ( SBI ) has informed BSE that the bank's board at a meeting held on Friday approved sale of 3.9 percent stake in SBI Life Insurance Company at a price of Rs 460 per share, subject to all regulatory approvals. SBI holds a total stake of 74 percent in SBI Life Insurance.........
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Duty drawback benefit extended for home textile
Uploading Date : 09-12-2016In a boost to the home textile segment, the government has extended a five per cent duty drawback benefit to the made-ups (including towels, bedsheets, curtains, decorative cotton products, etc) sector........
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Demonetisation might push inflation to 14-month low in Nov: Reuters poll
Uploading Date : 09-12-2016Indian inflation is expected to have cooled to a 14-month low in November after Prime Minister Narendra Modi's surprise removal of high denomination bank notes caused an intense cash shortage and severely hurt consumption, a Reuters poll found........
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Rising competition hurts LG India’s FY16 sales show
Uploading Date : 08-12-2016The country's largest white goods maker, LG Electronics’ India sales growth tapered down last fiscal to 4%, growing below the market rate which industry executives attributed to increased competition from newer brands, shying away from online sales and failure to revive smartphone business.........
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