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V-Mart, affordable apparel and lifestyle product retail chain, is expecting to cross Rs 1,000 crore turnover in the ongoing fiscal on account of estimated 25 to 30 percent rise in sales.
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In a series of tweets, Economic Affairs Secretary Shaktikanta Das said the focus is on increasing production and supply of Rs 500 and lower denomination currencies, while complaints of cash shortage are being looked into.
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State-run power equipment maker BHEL, in association with ABB, has bagged a project worth Rs 1,360 crore from Power Grid Corp.
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BSE will hit the capital market tomorrow with its much-awaited initial public offer, the first by a domestic stock exchange, to raise up to Rs 1,243 crore.
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Public sector IDBI Bank has mopped up Rs 1,000 crore through private placement of Basel-III compliant bonds.
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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.
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Prospects of interest rate cut in
near future may be bleak due to factors like continuous
pressure on rupee against dollar, firming of the US rates and
hardening of crude oil prices, according to a report.
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Telecom operator Idea Cellular today said that it will raise Rs 1,500 crore through issue of debntures on private placement on December 13.
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Pawar, however, refrained himself from launching a direct attack on Modi, even as his nephew and party stalwart Ajit Pawar took a dig at the Prime Minister for calling himself a "fakir", at a gathering of NCP workers here with his uncle in attendance.
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"They (opposition parties) should come back to Parliament to discuss and debate and give valuable suggestions so that the country can move forward," said Naidu, who holds Information and Broadcasting, Urban Development, and Housing and Urban Poverty Alleviation Ministries.
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Terming demonetisation as a "once in a lifetime event" that requires mammoth logistics, Governor Urjit Patel today said RBI is taking all necessary actions to "ease the genuine pain of citizens who are honest and who have been hurt" and hoped things will normalise at the earliest.
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Speaking at a mass marriage ceremony of Ahir community organised at Ghodadara area here, the BJP chief said a "huge controversy" has been created out of the cash crunch post demonetisation of Rs 500 and Rs 1,000 notes.
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A bench of Chief Justice G Rohini and Justice V K Rao also refused to issue any direction to the Centre to remove the cap on daily withdrawal of money deposited by the public in banks before demonetisation of Rs 500 and Rs 1,000 currency notes.
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This window was supposed to expire on November 24 midnight. Sources said, the decision was taken after Prime Minister Narendra Modi and finance minister Arun Jaitley held a meeting with senior bureaucrats on Wednesday evening and reviewed the demonetisation situation.
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Distributors usually transact in cash with retailers and in turn pay manufacturers via bank accounts. BeatRoute Innovations, a startup that focuses on facilitating last-mile trade between packaged goods companies, distributors and neighbourhood stores, is launching a cashless transaction service for traders and distributors to ease their hardship.
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Kitchen appliance brand TTK Prestige is eyeing a 15 per cent rise in turnover to over Rs 1,700 crore this fiscal on the back of new product launches and better market sentiments.
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The break from exchange has been taken keeping the government in loop, Rajeev Rishi, Head of IBA told CNBC-TV18.
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In his letter to Finance Minister Arun Jaitley, Minister of Agriculture and Farmers' Welfare Radha Mohan Singh on November 15 requested Jaitley that farmers be allowed to buy seeds worth Rs 10,000 per day using old currency notes until November 24 for Rabi crop.
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"While it takes political courage to launch such a trailblazing and massive campaign; it actually takes far more wisdom to give it a happy ending," an article in the state-run Global Times said.
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Jugnauth said his country has good relationship with many countries, but it shares a special bond with India as there are many Indian origin people who are settled in Mauritius.
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The government, however, needs to put in place policies that ensure that black money generation doesn‘t happen in future, Banks Board Bureau Chairman Vinod Rai said.
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Former Reserve Bank of India Governor D Subbarao cited speculation that the government could use the currency that is not returned to solve its fiscal problems or to recapitalise banks, but pointed out that such a step would send out the wrong message
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"The Union government has literally failed in mitigating the hardship faced by the public following the demonetisation of Rs 500 and Rs 1,000 currency notes," Isaac said, during his visit to the Kerala pavilion at the India International Trade Fair at Pragati Maidan, here.
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HSBC, which has also not changed its 32,400 Sensex target for December-end 2017, noted that the two major events last week may have short-term impact as the country's fundamentals remained strong.
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To the common taxpayer, the legal framework within which such treatment may be meted out and the precise scope of ramifications on deposit of unaccounted wealth is unclear.
