Demonetisation of high value currency will bring "a behavioural change" in the economy and the pain due to cash crunch will be a non-event by 2018, said Mohnish Pabrai, Managing Partner at Pabrai Investment Funds and Dhandho Holdings. "Indians will adapt to an economy with scarcity of cash and demonetisation will result in a behavioural change. ...
The real estate sector, which faced turbulent times in 2016, is staring at another challenging year ahead, following disruption caused by reforms like the Real Estate Regulation Act (RERA) and demonetisation. But all this may augur well for the sector in the coming times. Amidst prevailing uncertainty, the new year may well...
Congress Vice President Rahul Gandhi on Saturday took on Prime Minister Narendra Modi over demonetisation and demanded removal of the weekly cash withdrawal limit with immediate effect. Former Finance Minister P. Chidambaram also targeted the Prime Minister asking the Centre why restrictions continued on withdrawing money after the Dece...
Apple is set to reduce iPhone production by 10 per cent in the first quarter of 2017, a media report said. The news comes after Yahoo-owned research firm Flurry earlier this week revealed that the holiday season was a big hit for Apple's iPhone and between December 19 to 25, Apple's iPhone and iPad accounted for 44 per cent of all mobile ...
India will start supplying an additional 80MW electricity to Nepal from January 1, 2017, through the Dhalkebar-Muzaffarpur transmission line, the Indian Embassy in Kathmandu said. Nepal currently imports 80MW of electricity through the transmission line and with the additional import, the quantum will reach 160MW, The Kathmandu Post reported on...
Despite facing massive volatility and foreign fund outflows, the Indian equities markets managed to make gains during 2016 mainly on account of a fall in lending rates, further economic reforms, lower inflation and a healthy monsoon....
New Delhi, Dec 30 Queues were short and crowds thin here on Friday, the 50th day of demonetisation -- the day Prime Minister Narendra Modi's self-imposed deadline for normalisation of situation kicked in. The scenario was more comforting than earlier, with queues outside the banks and at ATM kiosks reduced by a considerable margin in compari...
The year 2016 has been the most momentous since India's Independence for the Reserve Bank on account of a trinity of events -- Raghuram Rajan's exit from the governorship, the decision on interest rates for the first time by a Monetary Policy Committee and the demonetisation of high-value currency last month....
Outgoing UN Secretary-General Ban Ki-moon will be the special guest at the Times Square in New York to help drop the square's famous crystal ball on Saturday night to usher in the New Year, UN officials have said....
The US Department of Defense has awarded Lockheed Martin with a $450 million contract to develop F-35 fighter jets for South Korea. ...
