Cash Clean Up

IT stocks were down this morning on back of Donald Trump commenting that he will not allow Americans to be replaced by foreign workers. Demonetisation back home is a distress for many sectors. Mukul Kochhar of Investec Capital says that demonetisation & Trump victory are the two factors playing out in markets.

Cash crunch may escalate during three-day bank holiday

With banks closed for three consecutive days from today and ATMs in the city still not functioning to full capacity, the ongoing cash crisis may escalate further leaving residents high and dry for want of cash during the weekend.

No growth in wholesale market yet, says Jyothy Labs MD

Speaking to CNBC-TV18, K Ullas Kamath, Joint MD and CFO of Jyothy Laboratories said, growth is still not there in the wholesale market.

Demand down 30% since demonetisation: Raymond Chief

Hit by demonetisation Indian textile major Raymond has seen 30 percent decline in demand over 3-4 weeks, said CEO Sanjay Behl.

Tourists begin to feel the pinch of cash crunch

The demonetisation move is impacting various segments of the society. The tourists coming to India are also feeling the pinch of the cash crunch.

West Bengal FM Amit Mitra slams note ban

Joining the crusade against the currency ban, Mitra said the government was not prepared to implement this scheme. Due to the cash clean-up, informal sector in all states is in deep trouble, he said.

Cash crunch cripples SMEs; fillip after one quarter

In wake of the government's move to demonetise Rs 500 and Rs 1,000 currency notes, small and medium enterprises (SMEs) are facing temporary difficulties for making payments but are coping with the fall out of demonetisation.

Going cashless: India home to 80 cr digital cards, says Prasad

In conversation with CNBC-TV18, Ravi Shankar Prasad, IT Minister, said the demonetisation drive is a transformative programme to make India more honest.

Wedding season loses shine after demonetisation roll-out

This wedding season has lost its shine with the roll-out of the demonetisation scheme. The sector is hit hard as majority of the transaction is in cash.

Cash crunch: APMC market hit hard!

Kevin Lee of CNBC-TV18 is at the Agricultural Produce Market Committee (APMC) market in Navi Mumbai to give a ground check on the impact of government's cash clean up drive.

Watch: Experts answer viewer's queries on demonetisation

In what is being popularly called a surgical strike against black money, last evening Prime Minister Narendra Modi announced the withdrawal of Rs 500 and Rs 1,000 notes which were in circulation.