Aircel offers free voice calls, data for Delhi customers

Aircel offers free voice calls, data for Delhi customers

New Delhi, December 5 (IANS) Aircel on Monday said it has launched a value offer for its new customers in New Delhi, with free voice calls with a validity of 90 days and free data usage for a month.   According to the company, under the new offer — FRC148 — customers will be given […]

RBI to issue new Rs 50, Rs 20 notes soon, old notes valid

RBI to issue new Rs 50, Rs 20 notes soon, old notes valid

Mumbai, December 4 (IANS) The Reserve Bank of India on Sunday announced it will shortly issue new Rs 50 and Rs 20 notes bearing the signature of new Governor Urjit Patel, but existing banknotes of both denominations will continue to be legal tender   The year ‘2016’ will be printed on the reverse of the […]

Digital banking may eat into ATM business

Digital banking may eat into ATM business

Chennai, December 2 (IANS) With the government nudging people towards digital banking modes — payments through mobile phones, Point of Sale (PoS) machines and others — ATM players may find their business in a flux in the coming years.   ATMs are cash-vending machines and operators are paid on a per transaction basis.   While […]

Factbox – India takes steps to ease impact from banknote ban

Factbox – India takes steps to ease impact from banknote ban

MUMBAI, December 2 (Reuters) – Prime Minister Narendra Modi shocked the country on November 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86 percent of the cash in circulation. The move was aimed at cracking down on the shadow economy, but has brought India’s cash economy to a virtual standstill.   The […]

CEO quits National Stock Exchange weeks before planned IPO

CEO quits National Stock Exchange weeks before planned IPO

MUMBAI, December 2 (Reuters) – National Stock Exchange said on Friday its chief executive Chitra Ramkrishna has quit for “personal reasons”, only weeks before the country’s biggest bourse is due to kick off its own initial public offering.   A source familiar with NSE’s operations told Reuters that Ramkrishna had clashed with some board members […]

LPG hiked by Rs 2.07/cylinder, jet fuel price cut by 3.7%

LPG hiked by Rs 2.07/cylinder, jet fuel price cut by 3.7%

New Delhi, December 1 (IANS) State-run oil marketing companies (OMCs) hiked the price of subsidised cooking gas, or LPG, effective from Thursday by Rs 2.07 per cylinder, while that of aviation turbine fuel (ATF) was cut by 3.7 per cent.   OMCs revise rates of LPG and ATF on the first of every month, based […]

Petrol hiked by 13 paise a litre, diesel cut by 12 paise

Petrol hiked by 13 paise a litre, diesel cut by 12 paise

New Delhi, November 30 (IANS) Amid the continuing fluctuation in global oil prices, state-run Indian Oil Corp (IOC) again moved in contradictory ways on transport fuels, marginally hiking petrol by 13 paise a litre and cutting diesel prices by 12 paise at Delhi, with corresponding changes in other states and effective from midnight.   “The […]

Chilled by demonetisation, India to take cold comfort from strong GDP

Chilled by demonetisation, India to take cold comfort from strong GDP

NEW DELHI, November 30 (Reuters) – India can ill-afford to take much pride in having the world’s fastest growing large economy when it releases September quarter data on Wednesday, with businesses, farmers and families all suffering after the government’s sudden demonetization drive.   Having taken credit for putting life back in a moribund economy when […]