Non-smartphone users can also go cashless with Paytm

New Delhi: To enable millions of feature phone users to go cashless, Paytm on Wednesday launched a service with which consumers and merchants can pay and receive money without an internet connection. This will empower millions of non-smartphone users to go cashless even without a smartphone “Paytm has announced a toll-free number 180018001234 More...

by Agencies | Published 1 day ago
By Agencies On Tuesday, December 6th, 2016
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RBI directs banks to re-activate dormant accounts with ‘due diligence’

Mumbai: Noting an increase in re-activation of dormant accounts post-demonetisation, the Reserve Bank of India (RBI) on Tuesday said the genuineness of the transactions must be ascertained with ‘due diligence’ More...

By IANS On Monday, December 5th, 2016
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Tata Group is no one’s personal fiefdom: Mistry

Mumbai: Tata Sons ousted Chairman Cyrus Mistry on Monday said the ‘Tata Group is no one’s personal fiefdom’. Tata Trusts hold 66 per cent stake in the holding company of the industrial conglomerate More...

By Agencies On Monday, December 5th, 2016
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We need Rs 500 notes to end bank queues: SBI

New Delhi: At least Rs 10 lakh crore must be in circulation for the long queues at banks to end but the pressing need is the missing Rs 500 currency, a top SBI official said on Monday. He added that Rs 500 denomination More...

By Agencies On Monday, December 5th, 2016
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Income Disclosure Scheme bags Rs 67,382 cr unaccounted money

New Delhi: The government on Sunday revised upwards the amount of black money disclosed under Income Declaration Scheme (IDS) to Rs 67,382 crore, even as it did not take into account two high-value disclosures. Income More...

By Agencies On Sunday, December 4th, 2016
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RBI to issue new Rs 50, Rs 20 notes soon, old notes valid

Mumbai: The Reserve Bank of India on Sunday announced it will shortly issue new Rs 50 and Rs 20 notes bearing the signature of new Governor Urjit Patel, but existing banknotes of both denominations will continue More...

By Agencies On Saturday, December 3rd, 2016
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RBI may cut interest rate by 50 bps on December 7: HDFC CEO

New Delhi: At a time when the country is undergoing a demonetisation drive, the Reserve Bank of India (RBI), in its next policy meeting on December 7, may cut the main interest rate by 50 basis points, feels Keki More...

By Agencies On Friday, December 2nd, 2016
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Odisha to get Rs 70,000 cr revenue from coal block auction

Bhubaneswar: Union Coal Minister Piyush Goyal on Friday said that Odisha will get Rs 70,000 crore as 12 coal blocks in the state have already been allocated. If the people of the state adopt the LED bulbs, then More...

By Agencies On Friday, December 2nd, 2016
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Government raises MSS limit to help banks cope with note-ban liquidity

New Delhi/Chennai: In an attempt to manage the liquidity surplus following demonetisation of Rs 500/1,000 currency notes, the central government has revised the ceiling for issue of securities under the Market Stabilisation More...

By Agencies On Thursday, December 1st, 2016
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Moody’s ups India’s power sector outlook from negative to stable

New Delhi: Ratings agency Moody’s on Thursday upgraded the outlook for the Indian power sector to stable from negative on the back of a jump in domestic coal production and likely improvement in the financial More...