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As the Rs 2,000 banknote is still legal tender in India, the likelihood of economic disruptions is comparatively lesser. However, the ease of transactions will be disrupted post the RBI’s decision to withdraw Rs 2,000 notes.
The number of layoffs has crossed last year’s three-week average of around 1,060 sackings as more companies take up the layoff route to stay afloat amid a stubborn funding winter.
Official data showed India's gross domestic product (GDP) grew 7 percent annually for the quarter, sharply beating expectations for a 6.4 percent growth rate in a Reuters poll. The economy slowed from the September quarter's 7.3 percent annual growth rate.
A Madras High Court bench here today dismissed a PIL questioning the central government's decision to use Devanagari numerals on the new Rs 2,000 notes.
Karnataka government today said it would stick to the Supreme Court direction to the state to release 2,000 cusecs of water per day to Tamil Nadu till further orders.
Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.
A day after Jindal Steel and Power engineered a virtual coup by bagging rights to explore Gare Palma IV/2 and 3 at a low price of Rs 108 per tonne, a development that sent its shares soaring 26 percent yesterday, the company suffered an upset by failing to qualify as a bidder for Gare Palma IV/1.
The Dow Jones Industrial Average climbed 101.63 points, or 0.6 percent, to 17,102.85.
The Nikkei rose 2.2 percent to 13,660.55, after shedding 0.4 percent in the previous session. For the week, the benchmark gained 0.1 percent
The Delhi High Court today posted on April 17 the hearing on a plea of mobile phone maker Nokia India Private ltd against a demand notice of over Rs 2,000 crore served on it by the Income Tax department for alleged evasion of taxes in its transactions here.
In a bid to ensure enough credit in agriculture sector, the government decided to give interest subsidy of 2% a year to all state owned banks for farm loans upto Rs 3 lakh in 2012-13 in respect of special interest subvention scheme already introduced by the ministry. PSBs generally charge 9% rate of interest on farm loans.
Swiss banking major Credit Suisse, which has posted over 50% decline in quarterly profit, is all set to axe about 2,000 jobs worldwide, as part of aggressive cost-cutting measures.
Sony said on Saturday it had removed from the Internet the names and partial addresses of 2,500 sweepstakes contestants that had been stolen by hackers and posted on a website, and said it did not know when it could restart its PlayStation video games network.
Only one out of nearly 2,000 middle-aged Americans hits the mark for ideal heart health by passing a checklist that includes being physically active and not smoking, according to a study.