Sales, which were growing impressively in the first seven months of the year, decline in November. Ajay Modi reports.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
"On demonetisation, across the board for pretty much all of industry, and CPG (Consumer Packaged Goods) in particular because it hit the individual retailer significantly, demonetisation had a significant impact on our India business in Q4," Nooyi said during an earnings call for Pepsi's fourth quarter that ended on December 2016.
In the concluding article of a six-part series, Business Standard visits Ludhiana, one of the largest industrial towns in Punjab, to assess the effect of demonetisation.
The lawyer had sought a ban from the high court on the International Society for Krishna Consciousness (ISKCON) after placing some newspaper reports related to the organisation on Wednesday.
The Bombay High Court has directed the city civic body to invite objections before allowing controlled pigeon feeding at Dadar Kabutarkhana.
Paytm has, since November 8, been on an overdrive, rolling out a series of features on its app including multi-language options for a no-holds barred access across the country. The company is now planning to make Paytm available on all types of mobile phones, going much beyond smartphones.
For nearly two decades, Nitish Kumar has cultivated women as a distinct constituency. 'To create a broader vote base, he thought it would be better to bring women to electoral politics.'
Sources in the government said the ordinance is being brought as it was found to be necessary to prevent future litigations against the government for junking Rs 500 and Rs 1,000 notes.
In his short speeches at various places, Gandhi assailed Modi over demonetisation and a host of other issues.
Kolkata Police stopped the trailer launch of 'The Bengal Files', a film based on the 1946 Calcutta Riots, its director Vivek Agnihotri claimed, sparking controversy and allegations of censorship.
Pakistan has extended the closure of its airspace for Indian flights until June 24, 2025, citing the International Civil Aviation Organisation (ICAO) rules that restrict such closures for a month at a time. The ban, which was first imposed in May after the April 22 Pahalgam terrorist attack, applies to all Indian-registered, operated, owned, or leased aircraft, including military aircraft. The decision comes after an IndiGo pilot requested permission to briefly use Pakistani airspace to avoid turbulence during a hailstorm, but the request was rejected.
The Bombay High Court clarified that it did not order the closure of pigeon-feeding spots (Kabutarkhanas) in Mumbai, but only refrained from staying the municipal corporation's closure order. The court suggested a committee of experts to study the issue, emphasizing the importance of human health.
This mean that just Rs 10,720 crore of the junked currency did not return to the banking system.
'It is human nature to get angry and annoyed when you are inconvenienced.' 'But we were able to enroll a few of our customers as 'bank mitras', who with my staff made sure that the queues were orderly and coupons were given to all the customers who wanted to withdraw or deposit money.'
Congress chief spokesperson Randeep Surjewala released a list of 55 persons who lost their lives while standing in queues at banks and ATMs in the wake of demonetisation and demanded compensation to their families besides probe into their death.
The book, to be introduced in schools from the 2025-2026 academic year, marks a shift in tone in its portrayal of the Mughal emperors, offering detailed accounts of conquest, religious decisions, cultural contributions, and brutality.
The best possible move would be for the government to spend the funds on activities like infrastructure development or as it deems fit, says Soumya Kanti Ghosh.
The Income Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
Akhilesh said cases of graft involving new currency notes are already making news in some parts of the country.
Bank of America Merrill Lynch on Monday trimmed India's economic growth estimates by 30 basis points to 7.1 per cent for the current fiscal, while global financial services giant Morgan Stanley downgraded its GDP growth forecast for the current fiscal to 7.3 per cent from the earlier 7.7 per cent.
Banks lend 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further.
Collection dived to 75-80% in November-December from 99% after demonetisation.
However, India is likely to regain the tag of the fastest growth emerging economies of the world in 2018.
Harvard University has filed a lawsuit against the Trump administration over its decision to revoke the university's certification to enroll foreign students. The lawsuit claims that the government's action is unlawful and unwarranted and that Harvard is not Harvard without its international students. The university argues that the government's decision will have a devastating effect on Harvard and its thousands of international students. The lawsuit comes a day after the Trump administration ordered the Department of Homeland Security to terminate Harvard University's Student and Exchange Visitor Program (SEVP) certification.
The Supreme Court has stayed the Bombay High Court verdict acquitting all 12 accused in the 2006 Mumbai train bomb blasts case, issuing notices and seeking responses from the accused.
'What hurt me was when I met his daughter and I was talking to her with a lot of love and she said, "I don't want to talk to you. You hit my father".'
'When I undertook a study of temple desecration in precolonial India, it was not enough simply to document what temples were desecrated, by whom, when, and where.' 'It was also important to explore the total historical context of such incidents, with a view to discovering patterns, which in turn could reveal the reasons why they occurred.'
BlueKraft has published The Emergency Diaries -- Years that Forged a Leader to chronicle Modi's role in the underground campaign during that period, after speaking to a number of people associated with him at that time.
'Panchamda created an exclusive theme music for Gabbar Singh, which is used throughout the film every time the dacoit makes an appearance, and in both concept and sound, is so eerie and evil.'
A bench of Justices Abhay S Oka and Augustine George Masih referred to newspaper reports mentioning a considerable violation of court orders.
About Rs 15 lakh crore of high-value notes were scrapped, against which RBI has managed to supply roughly Rs 4 lakh crore worth of notes in the market so far, Anup Roy/Business Standard reports from Mumbai.
On his 200th birth anniversary, Utkarsh Mishra traces the life, thought, and legacy of Dadabhai Naoroji, the Grand Old Man of India.
The Delhi government has announced that vehicles older than 15 years will be denied fuel at petrol pumps starting April 1.
The Gujarat High Court has directed a man to deposit Rs 1 lakh after he attended a virtual court hearing while relieving himself on a toilet seat. The incident prompted suo motu contempt proceedings.
The SC sought response of all the petitioners who have challenged demonetisation.
As many as 26 of 50 urban hubs across the country have shown a moderate upturn in housing prices between December 2016 and March 2017
"A significant decline in the growth number for this quarter is highly likely, but for the fiscal year as a whole the decline may still be relatively moderate," Fitch Asia-Pacific Sovereigns Group Director Thomas Rookmaaker said.
China has defended its newly-released AI tool DeepSeek, after several countries, including India, imposed restrictions on government officials accessing it. Beijing claims actions against DeepSeek amount to "politicisation" of trade and tech issues and vowed to protect the interests of its companies. India's Finance Ministry directed officials to avoid using DeepSeek on office devices, citing confidentiality risks. The tool has garnered global attention for its low-cost model and efficient use of resources, surpassing ChatGPT in popularity on Apple's Appstore.
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