Rupee hits 39-month low at 68.84 against dollar
Uploading Date : 24-11-2016The rupee crashed to nearly 39-month low of 68.84, plummeting by another 28 paise against the US dollar in early trade on Thursday amid sustained foreign fund outflows and the greenback's surge in overseas markets...........
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Alert: Last day to spend your old Rs 500 and Rs 1,000 notes
Uploading Date : 24-11-2016You have just one day left to spend your old Rs 500 and Rs 1,000 currency notes at public utilities. After November 24, old notes would only be exchanged or deposited in banks till December 30 -- unless the government extends the deadline once again just before it expires.......
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No service charge on debit card & smartphone transactions till Dec 31, says government
Uploading Date : 23-11-2016The government has stepped in to ease the demonetisation pain by incentivising e-payments. Today, Economics Affairs Secretary Shaktikanta Das announced a slew of measures to lessen cash purge blow on consumers. Here's what was announced........
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Ratan Tata's ego caused financial mess for group firms: Cyrus Mistry
Uploading Date : 23-11-2016Ousted chairman of Tata Sons Cyrus Mistry on Tuesday said several decisions by his predecessor Ratan Tata were taken primarily to satisfy his ego and this resulted in huge financial losses for the Tata group. Mistry also said Ratan Tata had planned to sell the group’s current cash cow and India's largest software exporter TCS to IBM in its initial years but his proposal was rejected by JRD Tata on advice from FC Kohli, who helped set up the company.......
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Indian e-commerce industry's losses may swell on Amazon's $ 1 billion loss this year
Uploading Date : 22-11-2016Amazon's losses in India are expected to swell to $1 billion by the end of the fiscal as the company burns money on expanding its service to beat market leader Flipkart. The US retailer is spending up to $80 million a month to acquire customers and grow its market share, nearly a four-fold increase compared to last year ,according to a Business Line report........
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White transactions to be the new norm, says FM Arun Jaitley
Uploading Date : 22-11-2016Finance Minister Arun Jaitley on Tuesday defended the central government’s currency reform move while addressing parliamentarians hailing from the Bharatiya Janata Party in New Delhi. Defending the move, Jaitley said that Prime Minister Narendra Modi’s decision will create history by making white transactions the new norm for the Indian economy........
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Why property is likely to be cheaper after demonetisation
Uploading Date : 21-11-2016For any city dwellers, owning a home is always a distant dream. Unaffordable real estate prices compel them to stay in rented properties instead. However, several events and trends taking shape now could soon turn that dream into a reality.....
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Will the government gain monetarily from lost black money?
Uploading Date : 21-11-2016Away from the winding queues and social media chatter, there is a debate brewing among policy makers, RBI eggheads and economists on whether the government stands to gain monetarily from currency notes which do not flow back into the white economy......
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