For the baning sector, 2018 was a 'Year of Exits' - borrowers fled from the country as loans went kaput and many bank CEOs were forced to leave
Even if RBI partially replaces the stock of the high value notes, RBI will have to incur thousands of crores of rupees in cost, say economists.
UB Group Chairman Vijay Mallya is no longer a member of India's 100 Richest club, even as fortunes of the country's uber-rich have seen a significant growth since last year.
Most analysts, who have long stopped covering UB stocks because of continuing troubles, were surprised to see a sudden spike of up to 20 per cent in their share prices on Tuesday.
Tatas' brand value grows 12% in the past year, far ahead of Reliance and Airtel.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
Companies are ranked by total revenues.
Viom Networks is planning to raise arouns Rs 1500 crore (Rs 15 billion) and is likely to list its shares on the London Stock Exchange (LSE), say sources.
It was unclear how bankers were deciding which jewellers to support
Bank shares were the top losers along with index heavyweight RIL
Jaitley's Budget has the potential to change the face of Modi's Bharat
The market breadth, indicating the overall health of the market turned negative from positive
Lenders have lined up a number of home loan products that can fit every aspirant's annual income.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
Bond issuances dipped 31.4% during January-June
Lenders have lined up a number of home loan products that can fit every aspirant's annual income.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
ED had earlier issued summons to Mallya for "personal appearance" on March 18 under the provisions of the Prevention of Money Laundering Act (PMLA).
In refusing to accept its failure, the government has sowed the seeds of further damage: by keeping India short of cash; reducing the headroom for responses to seasonal spikes in cash demand; and increasing the chances that groups will panic at temporary cash shortages, says Mihir Sharma.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Indian names that figure on the list, but lower down the pecking order include Tatat (101). Airtel (rank: 252), Infosys (287), Life Insurance Corporation of India (292), State Bank of India (334), HCL (390), Indian Oil (427), Reliance (445) and Larsen & Toubro (464).
The preference for digital banking now cuts across all customer segments.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
Mallya has denied that he had fled India and said he would comply with laws.
RBI projects GDP growth in FY16 at 7.8 per cent, 30 bps higher than FY15. However, this comes with a downward bias.
Nupur was able to successfully build a prototype of a biomass briquette, an alternative fuel from waste materials.
Here's the full text of the statement
The Survey shows fiscal consolidation despite slowdown in growth.
Sensex rises, snapping two-session losing streak; banks, auto gain.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia
Vandana has been attempting to bring in radical changes in the unhealthy food habits amongst the tribals.
The company contented before the tribunal that the amount was paid outside India.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
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