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3 mins read
Franklin Templeton reassures Indian investors that their money is safe — and the delay in repayments is due to cash crunch
“We're doing everything we can for those shareholders, to make sure they get all their money bac…
2 mins read
ATMs in several Indian states are running short of cash
It seems ATMs all over India are short on cash flow. According to reports, the shortage, which fi…
4 mins read
Tough times will make startups go for ‘hero teams’, slash ad budgets and focus on profits
The anticipation of a rough funding winter may make Indian startups more conscious about their spen…
1 min read
SBI sees India getting close to normal by end Feb 2017, if the RBI continues printing new currency at the current pace
The report also confirmed that India's currency supply is likely to return to near normal by Februa…
2 mins read
Demonetisation led to slow GDP growth, says Fitch
The agency also warned that if the decline in investment continues at this rate, the growth pot…
2 mins read
An Indian fintech firm is offering its new hires BMW motorcycles and trips to Dubai so it can beat the IT staffing crunch there
Techies have been in severely short supply over the last two years as India's IT market grows.
Matthew Loh
1 min read
Cash crunch is back! ATMs are dry yet again
Reportedly, most of the 60% working ATMs are getting loaded with cash in full capacity. ET reported…
1 min read
In a bid to make India go cashless, BSNL will lease 15,000 PoS
He also said that the telecom corporation intends to have about 20-50 customer service centres in …
1 min read
Explained: What is the real aftermath of cleaning out 86% of India’s currency
(Images: Reuters/Indiatimes)
1 min read
Good news! Cash withdrawal restrictions likely to go away by February-end
"I think the restrictions on withdrawal by RBI should be completely lifted by February-end or by fi…
1 min read
China will help India in easing cash crunch, recalibrate ATMs. Here’s how
Due to paucity in machine components, new parts are being rushed to India. "These are being purchas…
1 min read
PMI falls below 50, all thanks to demonetisation
A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction…
1 min read
RBI says received Rs 12.4 lakh crore in old notes; system geared up to increase circulation of new banknotes
Meanwhile, they said the entire system is geared up to increase circulation of new notes and urged …
1 min read
Russian Ambassador could not eat a decent dinner! Here’s why
Diplomatic missions of Ukraine, Kazakhstan, Ethiopia and Sudan have also sent protest letters on ca…
1 min read
You will be able to swipe your debit/credit card at railway ticket counter soon
The machines are expected to be made available by Dec 31. Presently, there is no PoS machine and tr…
1 min read
Indian economy is now poorer by Rs 5.8 lakh crore
The currency in circulation has also decreased by 16.8% or Rs 2.4 lakh crore during the week. For t…
1 min read
Cash crunch will continue to haunt for next 4-5 months, says bank association
"Cash shortage will continue even if the four currency note printing presses run at their optimum c…
2 mins read
You may soon make only 3 free withdrawals from ATMs
According to people familiar with the matter, the idea was proposed by bankers and was discussed in…
2 mins read
PM Modi vouches for cashless transactions, urges people to bear short term pain for long term gain
The demonetisation move wiped out 86% of the cash from India overnight as Rs 500 and Rs 1000 were a…
2 mins read
This is how TCS worked on war footing just after demonetisation and changed back-end systems for its clients RBI, SBI, etc overnight
Ten people in TCS were on a conference call to discuss a plan on how to they will ensure that their…