Following are the business news highlights as on 1900 hours today:
New Delhi: As many as 82,500 ATMs, which account for about 40 per cent of cash vending machines in the country, have been recalibrated to dispense new high security currency notes of 500 and 2,000 rupees. (DEL 38)
New Delhi: CAG has pulled up DoT for paying front-loaded subsidy to Tata Teleservices without conducting any checks, saying deficiencies found in verification were indicative of weak monitoring mechanism. (DEL 31)
New Delhi: As many as 73 cardholders of the country's largest bank SBI had reported fraudulent withdrawals aggregating Rs 39.18 lakh till November 4 following data breach that hit millions of debit/ATMs. (DCM 36)
New Delhi: National capital's upscale Khan Market has slipped two position to world's 28th most expensive retail location, even as it continues to be the costliest place to hire a shop in the country, says Cushman & Wakefield.(DCM 40) Mumbai: Fitch Ratings today said the demonetisation of old Rs 500, 1,000 notes will raise revenue for the government but warned that the positive effects of the move are unlikely to be strong and long-lasting to support credit profiles.(DCM 42) New Delhi: Maldivian Vice President Abdulla Jihad, who is on a visit to India, today said the country will sign its first free trade agreement early next year to boost trade and cooperation with other countries. (DCM 47) New Delhi: CAG has pulled up the Income Tax department for giving benefit of Rs 1,767 crore to the port and terminal arm of Reliance Industries by allowing deductions meant for public facilities to the company's captive jetties. (DCM 51) New Delhi: Sowing of rabi crops like wheat, pulses and oilseeds has not been affected due to banning of old Rs 500 and Rs 1,000 notes, Agriculture Minister Radha Mohan Singh today said, ruing that politics is being played in the name of farmers. (DCM 69)
New Delhi: Banks are integrating their information technology system with RBI and GST Network as they prepare to handle tax deposits under the new indirect tax regime, Finance Minister Arun Jaitley said today. (DCM 70)
New Delhi: Telecom operators will make short code messages used for banking services free till December 31, a move aimed at fuelling cashless transactions following the government move to scrap high value notes of Rs 1000/500. (DEL 53) New Delhi: In a big step towards fighting black money stashed overseas, Switzerland today agreed to automatic sharing of information with India on Swiss bank accounts of Indians as of September 2018 and onwards. (DEL 58)
Mumbai: Sensex snapped its six-day losing streak by rebounding 196 points today on fresh buying in metal, realty, auto and energy counters and short covering ahead of November-series expiry amid improving global cues.(DEL 43) Mumbai: The rupee remained in a tight spot and continued to slide against the US dollar, with the domestic currency ending lower by 9 paise at 68.25 -- its lowest level in nine months -- on heightened capital outflows. (DEL 60).
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