note ban


Note ban idea was given to Modi by RSS ideologue, claims Rahul

Feb 13 2018

Congress President Rahul Gandhi said it was a "particular ideologue" of the Sangh Parivar outfit who gave the idea of the note ban to the Prime Minister.

15 months after note ban, RBI still processing returned notes

Feb 11 2018

"Specific bank notes are being processed for their arithmetical accuracy and genuineness and the reconciliation for the same is ongoing," the RBI said.

FM terms note ban as celebratory reward to honest taxpayers

Feb 01 2018

Jaitley likened the demonetisation drive of 2016 to a celebration of honesty, saying honest taxpayers receieved the move to tame black money as 'Imandari Ka Utsav'.

HDFC Bank pegs GDP growth higher at 7.3% in FY19 on rural push

Jan 10 2018

HDFC Bank expects an uptick in GDP growth in FY19 to 7.3 pc from the 6.5 pc estimated for FY18, expecting a rural push by Government and rise in consumption.

India's GDP growth to slip below 7 pc this fiscal, say experts

Jan 03 2018

India's economic growth is likely to be below 7 percent this fiscal, say experts, citing GST disruption and lingering impact of note ban.

2017 Retrospect: E-commerce sector rides on Digital India, note ban

Dec 30 2017

Adopting disruptive technology and riding on the Digital India bandwagon, the e-commerce sector has survived the slowdown in 2017 and benefited from the note ban.

Difficult to pinpoint impact of noteban on economy: FinMin

Dec 19 2017

The FinMin said it is difficult to "pinpoint" the impact of demonetisation on the economy and affirmed that there was no stagnation.

RBI rationalises MDR to woo small merchants accept cards

Dec 06 2017

To boost non-cash transactions which has been stagnant for some time now following near-full remonetisation, the Reserve Bank rationalised the MDR.

Too early to say low growth trend reversed: Manmohan Singh

Dec 02 2017

Manmohan Singh welcomed the uptick in the Q2 GDP growth at 6.3 pc but cautioned that it is too early to say there is a reversal in decline seen in the past five quarters.

UP results reaffirm people's support for note ban, GST: Jaitley

Dec 01 2017

Arun Jaitley said that the results of Uttar Pradesh civic polls reaffirmed people's support for the GST which has made doing business "easier" for traders.

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Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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