India's Hero MotoCorp Ltd reported a 14 percent fall in its March-quarter net profit as a cash crunch following the government's ban on high-value currency notes.
An interesting dichotomy in consumer spending space has emerged as a result of demonetisation.
By now it is amply clear that the process of remonetising India is going to be long drawn out and may not bring back the entire Rs 15.44 lakh crore of junked currency.
Tragically, it is the ultimate betrayal of Prime Minister Narendra Modi by our bankers.
Union Minister Kalraj Mishra said that government was aware of the hardships faced by the people and was taking firm action to alleviate them.
SC sought response of Centre on whether district cooperative banks can be allowed to accept deposits and can there be a minimum assured withdrawal from banks.
Seeking to neutralise political turmoil over demonetisation, PMO is likely to shortly notify a committee of CMs to suggest ways to make India less-cash economy.
The decision is aimed at discouraging hoarding of valid currency notes and increasing its circulation to mitigate cash crunch.
After limiting exchange of defunct currency notes to a maximum of Rs 2,000, the government may withdraw the facility gradually.
INDIAN OIL CORPORATION
Board to consider bonus issue on Jan. 30.
HPCL may acquire MRPL in cash and share swap deal
HPCL may buyout ONGC shares which is worth roughly Rs 16,000 Cr
Financial Express Reports
Gets four orders worth Rs 871 Cr
Gets Rs 282 Cr order from APTRANSCO to supply, construct substations
To also set up associated transmission line work for APTRANSCO
Gets Rs 100-cr order from Bangladesh power co, Nepal’s electricity body
Order includes 400 KV double circuit transmission line from Bangladesh
Nepal order includes setting up of 132 KV Transmission Line
Gets Rs 123 Cr order from CORE to commission rail electrification work
Gets pipeline augmentation work in Rajasthan for Rs 366 Cr from a pvt client