Currency stocks should have been adequate for country's average requirements–if Indians had adopted digital transactions at the scale Prime Minister Narendra Modi’s government envisaged after demonetisation
Rupee weakened by 25 paise to breach the 66-level and hit its 13-month low of 66.05 against the US dollar in the early trade today due to appreciation of the US currency overseas
The government has "received lot of queries from airlines and non-airlines" for proposed divestment of Air India
Radiant, the fifth suitor, proposed a demerger of the hospital from Fortis Healthcare (FHL) into a new company, excluding FHL’s stake in Indian diagnostics chain SRL Ltd.
RBI Deputy Governor Viral Acharya favoured withdrawal of monetary accommodation in the next policy review meeting scheduled on 4-5 June.
As per the RBI guidelines, the withdrawal limit from PoS machines at retail outlets in Tier 1 and 2 cities is Rs 1,000 per card, per day and Rs 2,000 in smaller towns.
RBI will follow an asymmetric forex policy of buying forex when the US dollar is weakening and allowing Rs 65-66/US dollar when it strengthens.
India accounts for more than 10 percent of Uber rides globally and the US company has a more than 35 percent share of the taxi market here
The IMF also said that a hike in inflation in the US could lead the Federal Reserve to raise interest rates faster than has been expected to date,
Fortis, which runs about 30 hospitals across India, has become the target of a takeover battle, with Malaysia’s IHH Healthcare Bhd, local rival Manipal Health Enterprises Pvt Ltd and China’s Fosun International Ltd vying for the cash-strapped company
Harried fund houses, which have a huge exposure to ICICI Bank, have met non-executive chairman MK Sharma after a litany of allegations surfaced against Chanda Kochhar and have discussed all the issues, including succession planning,
Presently, all banks charge a fee of Rs 15 for each cash and Rs 5 for all non-cash transactions from each other for use of their ATMs by other banks' customers -- which is recovered from the (user) customers -- beyond the five minimum free transactions.
SEBI has examined Facebook profiles of suspects to gather information about connection in a few cases.
In January this year, Patanjali has forayed into e-commerce for its FMCG items, partnering major players in the space, including Amazon and Flipkart.
The report, however clarified, the survey was carried out during November-January and did not take into account the recent reports of irregularities involving the ICICI Bank.
The steps thus far taken by the government are few and unsubstantial like 0.75 percent cash back on card payments in petrol bunks, waiver of user charges for online booking of rail tickets, etc.
Freebies and the absence of deterrents boost demand. Purchases were relatively lower last year, in the aftermath of the demonetisation drive, announced in late 2016.
Questions are also being raised about vanishing Rs 2,000 notes with Madhya Pradesh chief minister Shivraj Singh Chauhan calling it a conspiracy.
With banks giving their service providers almost 40-50 percent less cash for ATMs, currency is rationed to ATMs depending on the locality and the demand for money
India and the five Nordic nations of Sweden, Denmark, Iceland, Norway and Finland on Tuesday agreed to deepen cooperation in innovation and climate change in the first India-Nordic Summit held here during the course of Indian Prime Minister Narendra Modi's visit here
"The corporate debt overhang and associated banking sector credit quality concerns exert a drag on investment in India," the IMF's World Economic Outlook report released on Tuesday said.
The rupee weakened by another 14 paise, nearing a fresh seven-month low of 65.78, against the US dollar in early trade at the interbank forex market
While it is difficult to trace any specific reason for such massive cash withdrawals this year, analysts say that concerns over the health of banking system has also triggered savers to withdraw cash.
People fear that cash is safer at home than in banks and this is further fueled by the string of scams and frauds that have hit banks
Shivraj Chauhan didn’t take the names of potential hoarders of Rs 2,000 notes, but one can assume that the chief minster’s ire is aimed at political rivals.
The minimum FDI capital is $20 million for unregistered/exempted entities engaged in 'fund based activities'.
Subramanian Swamy tweeted that he welcomed Bhagwat's 'timely warning' on the Air India 'family silver sale'.
PNB started listing the names of such wilful defaulters and the loans outstanding against them from last June.
Cautioning the government against "losing control and ownership of its skies", Bhagwat said Air India's operations have not been managed properly.