New Rs 100 note coming in April, old notes to be withdrawn gradually.
The Reserve Bank of India (RBI) will soon release Rs 100 denomination banknotes in the Mahatma Gandhi (New) Series, having the signature of Governor Urjit R Patel. However, the Rs 100 banknotes in the earlier series will continue to be a legal tender. According to Mint, RBI will start printing new... read more »
Paytm Payments Bank books Rs 30-cr loss in 7 months.
Paytm Payments Bank incurred losses of Rs 30.7 crore between August 2016 and March 2017 of FY17, the firm has said in its filing to Registrar of Companies (RoC). The company, however, is not considering this as losses but as operational costs, as it happened before the payments bank started... read more »
Market Live: Sensex gains over 150 pts, Nifty firmly above 9900 ahead of RB...
12:40 pm Gold update: Gold prices were higher by Rs 61 to Rs 29,416 per 10 gram in futures trade as speculators widened their bets taking positive cues from the global market. At Multi Commodity Exchange, gold for delivery in October was up by Rs 61 or 0.21 percent to Rs 29,416 per 10 gram in... read more »
Ola raises $2 billion from Softbank, Tencent, other investors.
Chinese internet giant has concluded a USD 2 billion fund raising from Tencent, Japan’s SoftBank and other US-based investors, according to multiple news reports. Tencent has concluded a $400 million investment in the Indian cab aggregator, according to a report in The Economic Times. The... read more »
