Business

Jaitley said demonetisation has forced "unaccounted" cash operating in the system to return to the banking system.

Coca-Cola CEO Muhtar Kent will step down from that role next year and be succeeded by the company's No 2 executive, Chief Operating Officer James Quincey, the company announced on Friday.

Do not keep cash in hand but instead in digital payment options like Wallets for miscellaneous expenses or put all your savings in your bank account and earn savings bank interest on the money.

The Indian economy is going through a shallow recovery and GDP growth is expected to come down to 6.9 per cent this fiscal following demonetisation, says a Bank of America Merrill Lynch (BofA-ML) report.

The reduction by OPEC will be "1.2 million barrels per day, to bring its ceiling to 32.5 million barrels per day," Mohammed Bin Saleh Al-Sada told a news conference in Vienna.

In a late evening circular, the Reserve Bank said that it has been reported that "certain depositors are hesitating" to deposit their monies into bank accounts in view of the current limits on cash withdrawals from accounts.

India's economy grew at 7.1 per cent in the first six months of the current financial year despite subdued growth in the world economy, Union Minister Nirmala Sitharaman said on Monday.

The problem is being gradually solved, liquidity is being put into the system back and at the pace at which we're going, I imagine that might be maximum a quarter during which this shortage will stay," he said at an Asia Society event here.

Market benchmark Sensex surged over 456 points -- its biggest single-day gain in over one month -- to reclaim the 26,000-mark after investors created fresh long positions in the new December series amid the rupee rebounding from record lows.

The private sector lender said that it is already live with 50 terminals and will reach the 125 mark in the "next couple of weeks" as part of the first phase of implementation.

Digital payments company Paytm on Wednesday launched an updated app that will allow small shopkeepers to accept payments made through credit and debit cards.

The Sensex opened higher at 26,101.33 and advanced to the day's high of 26,130.49 on value-buying across the board.

A new technique of agriculture was being developed so that per acre income of a farmer could be minimum Rs one lakh, he added.

Pre-demonetisation data suggest activity is likely to stabilise in the first quarter," Japanese brokerage Nomura said in a note.

The bank has made sure that cash reached 5,000 of its business correspondents who serve the unbanked areas, said Kochhar.

The housing finance company said that Unitech group faced sluggishness in sale of apartments in projects in recent past, affecting the cash flow of the realty firm and adversely impacting progress of the construction work.