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Fitch said that time spent queueing in banks is also likely to have affected general productivity.

Fitch cuts GDP forecast to 6.9 per cent

It said that impact of demonetisation on GDP growth will increase the longer the disruption continues.

30 Nov 2016 2:00 AM IST

Bombay High Court. (Photo: PTI)

Bombay High Court sentences 6 persons in Harshad Mehta scam

The court held that the case is grave in nature.

30 Nov 2016 1:57 AM IST

While demonetisation is expected to delay the much-anticipated recovery in corporate earnings growth by another few quarters, Morgan Stanley said Indias macro stability remains in its best shape in several years and policy momentum is the best since 2007.

India may catch a break in 2017

There is a case for a big asset allocation shift towards equities by domestic investors, as valuations are looking...

30 Nov 2016 1:55 AM IST

This has been nullified by the RBI absorbing Rs 5.24 lakh crore as on November 25, 2016 through CRR. (Representational image)

Loans won't become cheap soon

Deposits have grown at 11 per cent Y-o-Y already outpacing the credit growth of 8 per cent in FY2017.

30 Nov 2016 1:49 AM IST

New notes of Rs 2000 issued by the Reserve Bank of India. (Photo: PTI)

No limit on withdrawal of deposits and valid notes

Some people were worried about not being able to withdraw cash.

30 Nov 2016 1:45 AM IST

GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.

Govt keen on proper discussion on GST Bills in Parliament

GST has broader ramifications for states and involves state revenues.

29 Nov 2016 8:09 PM IST

Rides can be requested from mobile phone browsers, even in areas with low or poor network connectivity.

Uber expands 'Dial an Uber' to 29 Indian cities

Users need to navigate to dial.uber.com on their mobile phone browser and enter their phone number to login or sign-up.

29 Nov 2016 7:28 PM IST

On Friday, the Indian rupee closed at 68.47 to the dollar after hitting a record low of 68.86 in intra-day trade on Thursday.

78 schemes covered under DBT system so far: Govt

The government has decided to introduce DBT system for fertilizer subsidy payments.

29 Nov 2016 6:08 PM IST

Indian Parliament. (Photo: PTI)

LS: Bill to tax deposits after note ban passed without debate

Those who disclose black money to banks will have to pay 50 per cent tax, including surcharge and penalty.

29 Nov 2016 4:58 PM IST

Bombay Stock Exchange

Sensex up 44 points to close at over 2-week high

NSE Nifty, after touching a high of 8,197.35, slipped to 8,128.70 before closing 15.25 points, or 0.19 per cent, higher...

29 Nov 2016 4:18 PM IST

The total expenditure of the corporation reduced by 1.3 per cent over the previous year.

BSNL's operating profit jumps to Rs 3,855 crore in FY16

BSNL's revenue from operation rose 4.4 per cent to Rs 28,449 crore during financial year ended March 2016.

29 Nov 2016 4:12 PM IST

India imported 8.7 million tonnes of LPG in 2015-16 and 4.66 million tonnes in first half of current fiscal.

Sell domestic LPG only to PSU oil firms: Govt

Govt asked all LPG producers including ONGC, GAIL India Ltd and RIL as well as parallel marketeers to comply with the...

29 Nov 2016 3:45 PM IST