Economy News

Demonetisation: Cash-strapped Indians withdraw $15 billion in 9 days

Between November 10 and 18, Indians withdrew Rs 1,03,316 crore ($15 billion), says Arjun Ram Meghwal, minister of state for finance.

Nov 21, 2016

ATMs in Bengaluru now dispensing Rs 2000 notes; new Rs 500 notes to be available next week

After recalibration of ATMs, the new Rs 500 notes are likely to be available across banks by next week.

Nov 21, 2016

India's airport count to double by 2019, says civil aviation minister

The aim of this expansion is to tap into the largely untapped domestic aviation sector in India.

Nov 21, 2016

Demonetisation: Morgan Stanley's Ruchir Sharma slams Modi govt's decision

The investment banker argued that black money would again regenerate until there are deep changes in Indian culture and institutions.

Nov 21, 2016

India Inc to hit bond market as borrowing cost falls

Companies are likely to raise capital from bond market as bond yields fall on the back of demonetisation move.

Nov 21, 2016

Demonetisation impact: car sales to plunge by over 30% in November

Footfall at the dealerships has slowed down by 75 percent and bookings also have come down.

Nov 21, 2016

Demonetisation: New cash withdrawals, bank deposits rules

Here are the top six new rules, which will be applicable following the move on demonetisation.

Nov 20, 2016

Motilal Oswal AMC says SIPs poised to sustain momentum in coming months

Many positive factors are contributing to the surge in SIP inflows, says Motilal Oswal AMC's MD and CEO Aashish P Somaiyaa.

Nov 19, 2016

Aluminium demand likely to grow in double-digits this fiscal

Rising auto sales, infrastructure push and healthy rural demand after a good monsoon, augur well for the metal.

Nov 19, 2016

Automakers come up with multiple offers to beat demonetisation-induced slowdown

Post demonetisation, footfalls at auto showrooms have come down by around 30 percent.

Nov 19, 2016

Demonetisation: Banks to exchange old notes for only senior citizens on Saturday

Banks across the country will remain closed on Sunday.

Nov 18, 2016

Demonetisation row: Unique tales of turmoil from northeast states like Assam, Manipur and Mizoram

From newspapers being forced to shut to the spike in the use of Bhutanese currency and also use of 'I owe You' chits, northeast regions are uniquely affected.

Nov 18, 2016

Cashless in India: It's a 'good problem to have' for PoS terminal makers

PoS devices -- used to process card payments at retail locations -- see an unprecedented demand as India moves towards a cashless economy.

Nov 18, 2016

RBI issues updates to FAQs on Rs 500, Rs 1,000 notes

The latest set of updates have been issued by the RBI on Friday (November 18) in the context of demonetisation.

Nov 18, 2016

Price revival of iron ore not in sight

With production rising and no sight of pickup in steel demand, price of the ore is unlikely to revive in the near-term.

Nov 18, 2016