Demonetisation drive: I-T department sends notice on large cash deposits
Uploading Date : 19-11-2016Just 10 days after PM Narendra Modi’s announcement of removing old Rs 1,000 and Rs 500 currency denominations from legal tender, the income tax (I-T) department has started cracking the whip on people depositing large amount of cash.......
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Infosys invests Rs 14.5 crore in Danish artificial intelligence start-up
Uploading Date : 19-11-2016Bangalore-based Infosys on Friday announced that it has invested Rs 14.5 crore (DKK 14,920,000) in a Danish-based artificial intelligence start-up UNSILO. The investment is done through Infosys innovation fund.........
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Demonetisation: Now, get Rs 2,000 cash from petrol pumps
Uploading Date : 18-11-2016Frustrated by long queues outside banks and ATMs? You can now drive into a petrol pump to draw cash. Swipe your debit card at petrol stations run by state-run oil companies and you will get Rs 2,000......
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Banking funds to gain from demonetization
Uploading Date : 18-11-2016Even if you are not feeling particularly well disposed towards your bank at present, don't let that affect your investment decisions. Banking sector funds have clocked an average return of 15.42 per cent over the past one year........
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Demonetisation: Third party logistics providers to ecomm majors warming up to card payments on delivery
Uploading Date : 16-11-2016Third party logistics companies delivering ecommerce purchases to consumers are looking at accepting payment on delivery through cards, netbanking and wallets as several ‘cash on delivery’ (CoD) orders are being cancelled due to demonetisation of the Rs 500 and Rs 1000 notes..........
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Inflation down in October, bolsters hopes of a rate cut by RBI
Uploading Date : 16-11-2016Inflation fell in November on both the consumer price index (CPI) and the wholesale price index (WPI), giving room to the Reserve Bank of India (RBI)-chaired panel to cut the policy rate further to improve the growth rate........
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Will soon dispense 20, 50 Rupee notes to help public: SBI Chief Arundhati Bhattacharya
Uploading Date : 15-11-2016Assuring that the panic among masses is on the decline following the more constant flow of cash at banks and ATMs, State Bank of India (SBI) chairperson Arundhati Bhattacharya stated that the bank will also start dispensing 50 and 20 Rupee notes in coming days to help the public.......
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Demonetisation has 'penalised', damaged country's informal economy
Uploading Date : 15-11-2016The demonetisation of Rs 500 and Rs 1,000 notes will hurt agriculture, informal sector workers—about 482 million people who earn cash incomes—and disrupt India’s consumption patterns for at least the next quarter, according to an assessment released last week by Deloitte, an international consulting firm........
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