Post Demonetisation

Paint companies may witness high single-digit growth in Q4

Following continued recovery in volumes post-note-ban, decorative paints segment is likely to witness high single-digit growth in all regions, except in the South in the March quarter, says a report.

Rs 100 cr black money: I-T raids at 50 locations across India

The Income Tax department today conducted searches at over 50 locations as part of its crackdown against tax evasion to the tune of over Rs 100 crore, its first major action after the black money disclosure window of PMGKY ended recently.

Demo impact: PoS devices likely to grow at CAGR of 30% in 5 yr

Diclose deposits of Rs 2 lakh or more post note ban in new ITR

Taxpayers who deposited Rs 2 lakh or more post demonetisation, will have to make this disclosure in the new Income Tax Returns (ITRs) forms notified today.

Mobile wallet cos don't have profitable models, says Aditya Puri

HDFC Bank Managing Director Aditya Puri on Friday criticised mobile wallet players as they operate on models that are not profitable.

EC requests RBI to enhance cash withdrawal limit of candidates

The Election Commission today requested the Reserve Bank of India to enhance the weekly cash withdrawal limit of candidates contesting polls in five states to Rs 2 lakh from the Rs 24,000 imposed post demonetisation as they would find it difficult to meet their campaign expenditure.

Working on ways to reduce transaction cost: RBI tells PAC

RBI today informed a parliamentary panel that it is working on a mechanism to bring down transaction cost on online payments post demonetisation even as cash flow position in urban as well as rural areas have improved significantly.

Govt bars co-op banks from accepting deposits under PMGKY

The government has barred cooperative banks from accepting deposits under the new tax amnesty scheme PMGKY, a move that comes amidst the Income Tax department uncovering anomalies post demonetisation.

Axis Bank cuts MCLR by up to 70 bps

Country's third biggest private sector lender Axis Bank today cut its interest offering by up to 0.70 percent, following similar moves by all the major players in the system due to high liquidity post demonetisation.

RBI to auction bills worth Rs 1 lakh cr tomorrow

The RBI today said it will auction 35-days and 49-days Cash Management Bills worth Rs 1,00,000 crore on January 13 to mop up extra liquidity from the system post demonetisation.

1.5 mn bank a/cs opened since note ban: Gujarat CM

As many as 1.5 million new bank accounts have been opened and 7.5 million rupay debit cards issued in Gujarat post demonetisation, state Chief Minister Vijay Rupani said today.

I-T probes Rs 300 cr shady bullion sale, black money deposits

Unearthing one of the biggest black money rackets in the national capital post demonetisation, the Income Tax department has detected a Rs 300 crore shady bullion sale and over Rs six crore cash deposited in junked notes by a group traders and mill owners.

Post cash ban, auto sector to see sharp decline in Dec: report

Auto sector is likely to witness decline in December wholesale figure with the rural retail market suffering a double-digit fall as compared to its urban counterpart due to liquidity crunch post demonetisation, says a Nomura report.

Expect branded segment sales to increase by 3% to 32%: KRBL

"Things have steamlined now (post-demonetisation) and the demands are exceeding and we feel that our branded segment sale will increase by 3 percent from 29 percent to 32 percent in the domestic market", Anil Mittal, CMD of KRBL told CNBC-TV18 in an interview.

Note ban impact: Icra puts ratings of 3 MFIs on negative watch

Icra has placed its 'BBB-' rating to the Rs 25-crore bond raising programme of Cashpor on watch with negative implications.