Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
Travel cards are like debits cards-loaded with the currency of your choice or which the lenders offer.
This is to counter allegations by the Opposition that the BJP had tipped off some of its own leaders about note ban.
The four south Indian languages grew by 7% while regional languages within the Hindi speaking markets (such as Bhojpuri, Bangla, Marathi, etc) grew by 26%.
Tata Motors was the top gainer on better-than-expected June quarter revenues
The launch of premium devices from OnePlus and Samsung in the second half of Apple's reporting period added to Apple's woes.
Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
TCS will have to deliver higher revenues in the succeeding quarter of FY15.
The Trai order is expected to change how consumers pay for cable or DTH services. This will result in disruption within the TV viewing market.
Apart from India, only two other countries - Russia (15.5 per cent) and China (14.9 per cent) clocked double digit growth in November
"Please guide those around you on increased cash-less transactions. Corruption and black money adversely affects the progress of our nation," he said.
For top IT services firms, revenue growth in FY15 was the slowest since the Lehman crisis
Companies are innovating with tech tools to ensure that you spend less time at the cash counter.
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
The PM asked people to pay school fees, buy medicines or items from fair price shops or purchase air and train tickets digitally.
In these times of global uncertainty, be cautious in selecting the right market and fund.
Moody's said implementation challenges, in addition to affecting growth and government revenues, will impact corporates by lowering sales volumes and cash flows.
'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
As Narendra Modi and his ministers vigorously campaign for a shift to a cashless society, Rediff.com's Syed Firdaus Ashraf reports on what is really happening on the ground.
Following demonetisation, the Reserve Bank had also introduced new Rs 500 and Rs 2,000 notes.
China, it said, is projected to grow at 6.6 per cent in the current year which will moderate to 6.4 per cent next year.
Possibility of higher growth and relatively cheaper valuations makes Street more positive on Infosys, says Sheetal Agarwal.
Tata Consultancy Services (TCS) on Thursday reported an 8.4 per cent rise in consolidated net profit to Rs 6,586 crore for the second quarter ended September 30 and said uncertainties in environment had resulted in holdbacks in discretionary spend by customers.
Crypto-assets are essential to blockchain technology, which has the potential to be one of the next major growth drivers for the software ecosystem in India. A prohibition would nip this opportunity in the bud, say Vaibhav Parikh and Jaideep Reddy.
The price rise measured in terms of Wholesale Price Index rose for the second straight month, to 5.79 per cent in July, on account of double digit rise in prices of food articles, mainly vegetables, including onion.
We'll not take our eyes off volumes, said Sanjiv Mehta, MD of HUD after announcing that demonetisation had reduced the company's sales four percent.
Tata now occupies the fourth slot with the incremental volumes from the Tiago
Nemaida's misfortune in life was to be known as Satyajit Ray's 'Boswell'; History will remember Satish Gujral as a renaissance man whose imprint over New Delhi is huge.
'Fear is also a great impetus to push people in the right direction.' 'So, everyone who has touched black money is scared and I'm very happy about it.'
Cash withdrawal limits likely to continue
If the high security notes introduced in 2015 were kept in the system, the pain due to demonetisation can be ameliorated to a certain extent. But unfortunately, such thought process have no place in the hasty demonetisation decision.
With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
'The government and the RBI have been playing a very good part in terms of inflation management.'
TCS MD talks about demand environment, margin outlook and the growing number of its employee base.
A senior finance ministry source said making the use of debit cards and e-wallets compulsory across the board is legally untenable, but banks have been asked to insist their account holders use these instruments
PM urges lawyers to fight cases for the poor for free.
Bajaj Auto's margins are expected to expand 100 basis points, as volumes have recovered.
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