In what has been a tough period for the global economy, India has been one of few success stories in recent months. But a recent State of the Indian Economy report issued by the Reserve Bank of India (RBI) has revealed the positive growth seen in the last quarter of the 2022/23 fiscal year has
LocalCircles surveyed people who said they find it difficult to spend the biggest denomination of cash, despite many reports that petrol pumps, jewellery stores, and even e-commerce delivery people are being flooded with 2000 notes. According to the central bank of India, this note will cease to be circulated, but it will remain legal tender
LIC’s shares surged over 3% in morning trade on Thursday after the insurer reported a five-fold increase in fourth-quarter net profit. In Q4, India’s largest life insurer made a net profit of ₹13,428 crore, up from ₹2,372 crore in Q4. On a sequential basis, LIC’s bottom line grew from 8,334 crore in Q3 by 61%.
US Secretary of State Antony J Blinken on Wednesday announced a new US visa policy for Bangladeshi individuals believed to be responsible for, or complicit in, undermining the democratic election process. The individuals who fall under this policy include current and former Bangladeshi officials, members of pro-government and opposition political parties, and members of law
Metal, IT and banking stocks declined in the first half of trade on Thursday, amid negative cues from global markets. With Sensex at 61,571 points and Nifty50 at 18,219 points, both benchmark indices were down 0.3%. Sensex and Nifty50 gainers and losers Top gainers Change Top losers Change Bharti Airtel 2.38% Adani Enterprises -2.48% Bajaj
Unified Payments Interface (UPI) support for RuPay credit cards was launched by Google Pay on Tuesday in association with the National Payments Corporation of India (NPCI). RuPay credit cards can now be linked to Google Pay so that users can make payments at all merchants that accept RuPay credit cards, both online and offline. This
Covid-19, along with its unexpected boost to the Indian housing market, has come and gone – and yet, residential real estate continues to sell at a rapid clip, after many years that saw developers struggling with low demand and mounting inventory. How did this happen? Is this demand sustainable? Is it a bubble that will
First among the equals is Adani group stock Ports and SEZ, which has seen its share price bounce back to pre-Hindenburg levels. As of Tuesday, Adani Ports & SEZ shares rose by 6% to 773 apiece, up from the closing price of 761 on January 24. Hindenburg Research’s report was published on that day, sparking
Experts say that the central bank’s move to withdrawal ₹2000 notes from circulation will benefit banks by encouraging deposit growth and improving liquidity in the system. Earlier on Friday, the Reserve Bank of India announced it would withdrawal or remove ₹2000 bank notes from circulation and offered people four months to exchange or deposit them.
Last week, the Reserve Bank of India (RBI) announced that it would withdraw ₹2000 notes from circulation. Apart from the 2016 demonetisation, the RBI has provided ample time for citizens to exchange their notes. Social media platforms and messaging applications are generating a lot of misinformation about the withdrawal of the notes. In this article,
