Builders across the country have deferred project launches and curbed marketing spends as homebuyers continue to delay home buying, following the government’s demonetisation (and subsequent remonetisation) drive.
Government will waive service tax on debit and credit card transactions of up to Rs2,000 in a bid to promote digital transactions amid cash crunch following withdrawal of old Rs500 and Rs1,000 banknotes.
In what could be seen as a strategic pricing cut to counter Reliance Jio Infocomm Ltd’s offers, Bharti Airtel on Thursday announced free voice calls across India bundled with 300 MB of 4G data at Rs145.
Six of the seven Tata-listed group companies where Mistry serves as a director have called for EGMs to replace Mistry as a director after having received requisition from the promoter shareholder Tata Sons.
To take stock of the progress made by telecom operators in terms of the quality of services offered, the Telecom Regulatory Authority of India (Trai) once again plans to conduct an independent test drive to check compliance by operators across at least 12 cities.
On 8 November, RBI said the minimum ATM withdrawal limit would be increased to Rs4,000 on 19 November from Rs2,000 applicable then. RBI did increase the limit to Rs2,500 per day, but did not consider any further increase in limits.
While several government officials have made no secret of their desire for lower borrowing costs, this time it was Narendra Modi himself who openly called for cheaper loans. So Urjit Patel’s decision is being read by economists as an unexpected but wise move before the US reviews policy next week.