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Demonetisation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Mon, Jun 03, 2024

97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of May 2024.

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

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The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

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BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation.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.

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India to grow at 7.2% in 2017-18: World Bank

India to grow at 7.2% in 2017-18: World Bank

Mon, May 29, 2017

India`s growth would increase gradually to 7.7 per cent by 2019-20, World Bank report said.

DLF's net sales booking down 63% at Rs 1,160 crore in FY17 on weak demand

DLF's net sales booking down 63% at Rs 1,160 crore in FY17 on weak demand

Sun, May 28, 2017

Real estate company DLF has reported decline of 63% to Rs 1,160 crore in its net sales booking for the last fiscal year 2016-17 (FY18) on back of slowdown in demand in the property market.

DLF's net debt up by Rs 700 crore in January-March quarter at Rs 25,096 crore

DLF's net debt up by Rs 700 crore in January-March quarter at Rs 25,096 crore

Sat, May 27, 2017

Real estate company DLF has reported Rs 700 crore increase in its net debt for the January to March quarter on account of slow demand for houses.

Honda Cars expects higher growth than automotive sector in FY18

Honda Cars expects higher growth than automotive sector in FY18

Sat, May 27, 2017

Honda Cars has said that the company is positive on its cars sales growth in India and it's likely to grow better than the growth rate of the automotive sector in the current fiscal.

ITC Q4 preview: Will demonetisation, price hike in cigerattes impact earnings?

ITC Q4 preview: Will demonetisation, price hike in cigerattes impact earnings?

Fri, May 26, 2017

ITC in Q3FY17 reported 5.7% yoy jump in net profit at Rs 2,646.73 crore and while total income from operations grew by 4.7% yoy at Rs 13,569.97 crore.

Demonetisation effect: Britannia Industries posts 6% rise in Q4FY17 net profit

Demonetisation effect: Britannia Industries posts 6% rise in Q4FY17 net profit

Thu, May 25, 2017

Varun Berry, Managing Director of Britannia Industries said, “It has been a good quarter in the face of challenging market environment and sluggish demand scenario post demonetisation. We expect the situation to slowly improve over the next 3 to 6 months with the measures announced by the government in the budget and the prediction of an above average monsoon this year.”

Modi at 3: 10 decisions that impacted Indian economy over the past one year

Modi at 3: 10 decisions that impacted Indian economy over the past one year

Wed, May 24, 2017

Like previous two years, in the last year too Prime Minister Narendra Modi managed to grabbed headlines. Three years ago, our country had witnessed "Modi wave" when Narendra Modi became the Prime Minister of India after a "historic win".

Tata Motors Q4 preview: Margins likely to improve but questions remain on revenue growth

Tata Motors Q4 preview: Margins likely to improve but questions remain on revenue growth

Tue, May 23, 2017

Bajaj Auto hopes to rev up sales in FY18 after bumpy ride

Bajaj Auto hopes to rev up sales in FY18 after bumpy ride

Sun, May 21, 2017

After a rough ride last fiscal, Bajaj Auto spokesperson has said that the company hopes to improve its sales in fiscal year 2017-18 (FY18) on back of recoveries in both domestic and export markets.

India's tax net grew in 3 years of PM Modi's rule: Arjun Ram Meghwal

India's tax net grew in 3 years of PM Modi's rule: Arjun Ram Meghwal

Sun, May 21, 2017

Union Minister Arjun Ram Meghwal while speaking at the Entrepreneurship Development Institute of India (EDII) institute in Ahmedabad on Saturday said that India's tax net has grown due to the Centre's policiesed by the PM Narendra Modi in the last three years.

Modi at 3: Top 10 stocks that gave 300% returns since May 2014

Modi at 3: Top 10 stocks that gave 300% returns since May 2014

Fri, May 19, 2017

Call it as "Modi impact" or "optimistic investors" behaviour, but the markets have come a long way since May 2014.

Bajaj Auto Q4 review: Exports, Demonetisation, BS-III vehicles ban to play its role

Bajaj Auto Q4 review: Exports, Demonetisation, BS-III vehicles ban to play its role

Thu, May 18, 2017

3 years of Modi Government: Citizens give thumbs up

3 years of Modi Government: Citizens give thumbs up

Wed, May 17, 2017

Modi, along with his government, went ahead and boldly introduced agenda's like Make In India, Housing for All, Swachh Bharat Abhiyan, Jan-Dhan Yojana and many others.

1.58 lakh tax payers under lens for partial account declarations

1.58 lakh tax payers under lens for partial account declarations

Wed, May 17, 2017

The tax department is conducting analysis in conjuction with previously available/analysed data. Such incremental data analysis has already led to identification of new cases for e-verification, I-T department said.

Mumbai beats Delhi & Bengaluru in global luxury homes market; registers 1.1% in 12-month period

Mumbai beats Delhi & Bengaluru in global luxury homes market; registers 1.1% in 12-month period

Tue, May 16, 2017

India's financial capital Mumbai has recorded 1.1% price growth in luxury homes market during the 12-month period between March 2016 to March 2017, said Knight Frank report.

Sharing details of paper import for Rs 500, Rs 2,000 notes to affect India's sovereignty, says RBI's bank note printing firm BRBNMPL

Sharing details of paper import for Rs 500, Rs 2,000 notes to affect India's sovereignty, says RBI's bank note printing firm BRBNMPL

Sun, May 14, 2017

Replying to an RTI query, RBI owned bank note printing company BRBNMPL has declined to share any details related to import of paper for printing of the high- denomination notes citing reason that it would affect India's sovereignty and may lead to incitement of an offence

Asian Paints Q4 net profit rises by 10%; declares dividend

Asian Paints Q4 net profit rises by 10%; declares dividend

Thu, May 11, 2017

In Q4, the company posted consolidated net profit of Rs 462.22 crore, rising by 10.40% compared to Rs 418.70 crore in the corresponding period of the previous year.

Can Maggi noodles help Nestle India's post a better Q1 profit?

Can Maggi noodles help Nestle India's post a better Q1 profit?

Thu, May 11, 2017

Abneesh Roy, Tanmay Sharma and Alok Shah analysts at Edelweiss Financial Services said, “Demonetisation led to impact of INR1bn during Q4CY16 and we beleive that impact will recede in Q1CY17 significantly. Owing to the Maggi issue in the base, Nestle will see better growth rate and we expect revenue growth of ~12% YoY in Q1CY17 on base of dip of 8.7% YoY."

Asian Paints Q4: Will demonetisation impact continue?

Asian Paints Q4: Will demonetisation impact continue?

Thu, May 11, 2017

A ICICI Securities report stated that after note ban, overall decorative paint companies are expected to post high single-digit volume growth in the March quarter, except South, which may see only low single-digit growth in Q4.

Post-demonetisation demand for second homes market likely to fall in 2017: Experts

Post-demonetisation demand for second homes market likely to fall in 2017: Experts

Tue, May 09, 2017

Post demonetisation, the demand for second homes market in India is likely to fall in 2017 and following two years on account of reforms introduced by the government.

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