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Old note will continue to be accepted for the other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for purchase of bus tickets till December 15

Business

Old Rs 500 notes valid only till Dec 2 for fuel, air ticket, not Dec...

From December 3 payment will be would be allowed only in lower denomination or the new currency.

1 Dec 2016 11:02 AM IST

Paytm said it aspires to enter the US market in the long run as it sees an opportunity there.

Business

Paytm plans to become universal payment app

Company completed two billion transactions this year surpassing its own expectations.

8 Dec 2016 4:08 PM IST

Business

RBI may go for a 25-50 bps easing in 2017

On December 7, RBI kept interest rate unchanged despite calls for lowering it .

8 Dec 2016 3:03 PM IST

On the evening of November 8, the government announced that Rs 500 and Rs 1,000 notes would no longer be legal tender, as part of its move to eradicate black money.

Business

Money supply may slip to 9 per cent from 12 per cent

The slip may occur if 25-30 per cent of unaccounted currency does not flow back into the banking system.

7 Dec 2016 6:29 PM IST

Business

Urjit Patel denies demonetisation was haste decision

RBI today said promising to maintain steady supply of new currency to ease cash crunch.

7 Dec 2016 5:14 PM IST

$RJios extension has \added to the industrys woes\ and coupled with the demonetisation exercise, will lead to a revenue dip of 5-7 per cent.$ Business

Jio's free offer hits telecos revenue by 7 per cent

RJio announced not to charge voice telephony and depend only on the data for revenues.

7 Dec 2016 4:09 PM IST

The BSE banking index was down 1.91 per cent to 26,672.93, while the realty index was quoting lower by 1.34 per cent to 1,262.29.

Business

Sensex dips 228 pts after policy remain unchanged

The Sensex, which gained over 148 points in the early trade, fell by 227.94 points, or 0.86 per cent, to 26,164.82.

7 Dec 2016 3:28 PM IST

Business

Black money not white if tax not paid: Adhia

Revenue secretary says people depositing money into Jan Dhan accounts of others will be caught.

6 Dec 2016 5:44 PM IST

Business

Note ban: Global body for Indians asks Jaitley to extend deposit dates

Global body for people are concerned about the currency demonetisation issue.

6 Dec 2016 1:48 PM IST

The proposal will also highlight the amount to be deposited in the Maha wallet by users. (Photo: Representational Image)

Business

Maha govt to encourage cashless transaction

'Maha wallet' system is to help small vendors, farmers and all those who deal in cash transactions.

6 Dec 2016 12:38 PM IST

Citizens should only rely upon the regular banking channels for transactions related to old notes.

Metros

Don't fall for note dealers: Mumbai Police Commissioner

Citizen can directly complain to the zonal DCP against offenders.

6 Dec 2016 3:09 AM IST

Business

Govt departments asked to make e-payments

Finance ministry has lowered threshold for making such payments from Rs 10,000 to Rs 5,000.

5 Dec 2016 5:09 PM IST