Americans use cash for 45 per cent of transactions by volume. Germans use cash for 80 per cent by volume. Japan uses cash for an amazing 82 per cent of transactions by value and over 90 per cent by volume. At a time when the Modi government is attempting to push forward a cashless economy with coercive means, Devangshu Datta explains why cash usage is popular even in nations with good cashless infrastructure (something that India lacks). IMAGE: In a cashless system, the government ... Rediff.com, 1 month ago
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Eighteen-year-old Aditi Ashok was the brightest star on the country’s golfing circuit this year and was fittingly named the Ladies European Tour's Rookie of the Year for becoming the first Indian to win two back-to-back titles in her first year on the tour. Here is a look back at how India's golfers fared in 2016 IMAGE: Golfer Aditi Ashok lit up the Indian golf scene with her consistent performances through the year. Photograph: Andrew Boyers/ Reuters A teenaged Aditi Ashok rose from ...Rediff.com, 2 months ago
Telecom stocks fell after Mukesh Ambani extended Reliance Jio’s free offers till March 2017. In a volatile trade, benchmark indices pared gains to settle on a lower note after initial rally dragged by telecom, banking and metal indices. India’s GDP, announced yesterday, grew lower than expected in the September quarter at 7.3% also affected the sentiment. Swinging between gains and losses, Sensex rose as much as 143 points during intra-trade before falling over 100 points while ...Rediff.com, 2 months ago
The RBI announced its sixth bi-monthly monetary policy statement where it left key repo and reverse repo rates unchanged. The repo rate was left unchanged at 6.25% and the reverse repo rate at 5.75%. This was against the common view that the central bank ...DNA, 2 weeks ago
Side indices raced ahead with BSE Midcap and BSE Smallcap advancing 0.4% and 0.3% up, respectively. The benchmark indices on Thursday settled higher thanks to gains in index heavyweight stocks such as ITC, Tata Motors and Infosys even as Asian markets ended lower after Fed Chair Janet Yellen signalled at future rate hikes in US. The S&P BSE Sensex closed at 27,308, up 51 points, while the broader Nifty50 ended at 8,435, up 18 points. Side indices raced ahead with BSE Midcap and BSE ...Rediff.com, 1 month ago Markets end flat as investors stay cautious ahead of December earnings Rediff.com, 1 month ago Sensex snaps 7-day losing streak on bargain hunting, ends 61 points higher Rediff.com, 2 months ago Three reasons why Sensex surged 457 points on Dec 8 Rediff.com, 2 months ago
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged. Equity benchmarks settled on a higher note supported by metals, realty, banking & financials and Tata stocks. Gains were capped by losses in IT index after Infosys cut its revenue outlook and investors remained cautious after Trump administration hinted on stricter H1B visa rules. All eyes will be on US President-elect Donald Trump's inauguration on Friday for any clarity on his economic plans. Back ...Rediff.com, 1 month ago
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month – would contain incentives for corporates, which will help boost the economy Extending Tuesday’s rally, benchmark Sensex today surged nearly 241 points to close at a two-month high of 27,140 and Nifty reclaimed the 8,300-level on widespread buying triggered by a positive start of the earnings season and firm Asian cues. Investors cheered better-than expected Q3 numbers in IndusInd ...Rediff.com, 1 month ago
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment Benchmark indices settled the last trading session of 2016 over 1% higher to post a yearly gain as they recover from the recent losses tracking various local and global cues. Nifty gained around 300 points in the last 4 sessions but failed to end the year above 8,200 in 2016 . On the other hand, Sensex rose as much as 308 points today to settle the year 544 points higher. The S&P ...Rediff.com, 1 month ago
'The year in pictures' treks across the globe, looking back on the moments that shaped 2016. From the United States presidential race, to demonetisation in India to the refugee crisis, the news has kept pouring in. Here are our top 50 moments from the world. (Please click on an image to know more about it) Breaking stigma with colour Widows daubed in colours dance as they take part in the Holi celebrations organised by non-governmental organisation Sulabh International at a temple at ...Rediff.com, 1 month ago
Extending losses for 7th session, Nifty fell below the 8,000 mark for the first time since Nov 25 Benchmark indices ended negative today on broad-based selling amid weak global cues as Asian stocks trade lower after Wall Street fell in overnight trade. Investors also remained cautious as the cash crunch continued to weigh on expectations for the December quarter earnings. Two-day GST Council Meet which starts today also affected the sentiment. Nifty, which fell below the 8,000 mark for the ...Rediff.com, 2 months ago
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