Dec 09, 2016 at 18:05 | Source: Moneycontrol.com
Factory output could get worse in the coming months with households putting off purchases and companies deferring investment hit by an economy-wide cash-crunch following the unexpected ban on Rs 500 and Rs 1,000 currency notes.
Dec 09, 2016 at 15:13 | Source: CNBC-TV18
VE Commercial Vehicles CEO Vinod Aggarwal is positive of a sales rise in December. Aggarwals optimism stems from transporters getting used to cashless economy through modes such as prepaid cards, e-payments and RFID toll cards. He said going ahead the CV industry will recover from the demonetisation hit.
Dec 08, 2016 at 12:44 | Source: PTI
Foreign exchange reserves stood at USD 3.05 trillion in November, down by USD 69.1 billion or 2.2 percent from October, State Administration of Foreign Exchange (SAFE) said.
Dec 07, 2016 at 18:10 | Source: PTI
With RBI belying expectations of a rate cut, India Inc today expressed disappointment saying a rate cut was needed to provide fillip to the flagging industrial economy and stimulate consumption that has been hit by demonetisation.
Dec 07, 2016 at 10:29 | Source: Reuters
The 0.5 percent contraction was the largest since 2008 and a major embarrassment to the conservative government of Malcolm Turnbull which won an election in July on a pledge to deliver growth and jobs.
Dec 07, 2016 at 10:08 | Source: Reuters
Indian shares fell over 6 percent a day after the November 8 announcement by Modi outlawing high-value bank notes, coinciding with a shakeout in global financial markets after Donald Trump's victory in the US presidential election.
Dec 06, 2016 at 14:34 | Source: Moneycontrol.com
Rajeev Thakkar, Chief Investment Officer, PPFAS Mutual Fund, says FMCG sector offers staples which are essentials in consumers' lives and thus the segment will lead the recovery in demonetisation-hit economy.
Dec 06, 2016 at 11:20 | Source: CNBC-TV18
Unless currency disbursements improve and liquidity returns to the system quickly, the impact of demonetisation on economy and corporate performance could be much more severe than anticipated; that is the feedback from a survey done Religare Capital Markets through a road-trip that concluded recently.
Dec 05, 2016 at 14:53 | Source: CNBC-TV18
Asserting that a delay in the roll-out of Goods and Services Tax is a positive for Indian economy which is battling the impact of demonetisation, Rahul Singh of Ampersand Capital Investment said FII inflows may get hit if April 1, 2017 deadline is missed.
Dec 05, 2016 at 10:54 | Source: Reuters
The latest data, coupled with another last week that showed factory activity slumped as well, offers the first glimpse of the massive hit the economy is likely to take from Modi's demonetization drive.