The adverse impact of demonetisation, along with a volatile rupee and outflows might prove a drag on the Indian equity markets during the early part of 2017, but domestic exchanges are expected to bounce back on sound economic fundamentals and the potential for further reforms....
Prime Minister Narendra Modi's address to the nation on Saturday was just sound and fury signifying nothing and skirted the main question on when the cash crunch would ease following the demonetisation of Rs 500/1,000 notes, said a top leader of a large bank union...
A "normal" monsoon brought much-needed relief to farmers after two consecutive years of drought. However, the demonetisation drive during the harvest season has devastated them, with one expert estimating they would need a bailout package of a staggering Rs 3 lakh crore ($44 billion), slightly less than India's defence bud...
Budget passenger carrier IndiGo on Saturday said that it has taken the delivery of 13 Airbus A-320 Neo aircraft on December 27 and also announced the launch of 10 additional frequencies. According to the airline, with the latest additions, its fleet size has grown to 125 aircraft in its 125th month of operations. Besides, the low c...
West Bengal Chief Minister Mamata Banerjee on Saturday targeted the Centre over restrictions on cash withdrawal limit. "Modi Babu, public are not beggars of your government. Why are there still restrictions on the cash withdrawal limit? 50 days are now over. How can you take away the right of citizens to withdraw their own hard-earned money," she twee...
Demonetisation of high value currency will bring "a behavioural change" in the economy and the pain due to cash crunch will be a non-event by 2018, said Mohnish Pabrai, Managing Partner at Pabrai Investment Funds and Dhandho Holdings. "Indians will adapt to an economy with scarcity of cash and demonetisation will result in a behavioural change. ...
The real estate sector, which faced turbulent times in 2016, is staring at another challenging year ahead, following disruption caused by reforms like the Real Estate Regulation Act (RERA) and demonetisation. But all this may augur well for the sector in the coming times. Amidst prevailing uncertainty, the new year may well...
Congress Vice President Rahul Gandhi on Saturday took on Prime Minister Narendra Modi over demonetisation and demanded removal of the weekly cash withdrawal limit with immediate effect. Former Finance Minister P. Chidambaram also targeted the Prime Minister asking the Centre why restrictions continued on withdrawing money after the Dece...
Apple is set to reduce iPhone production by 10 per cent in the first quarter of 2017, a media report said. The news comes after Yahoo-owned research firm Flurry earlier this week revealed that the holiday season was a big hit for Apple's iPhone and between December 19 to 25, Apple's iPhone and iPad accounted for 44 per cent of all mobile ...
India will start supplying an additional 80MW electricity to Nepal from January 1, 2017, through the Dhalkebar-Muzaffarpur transmission line, the Indian Embassy in Kathmandu said. Nepal currently imports 80MW of electricity through the transmission line and with the additional import, the quantum will reach 160MW, The Kathmandu Post reported on...
