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"We need to recalibrate ATMs for the new Rs 100 note. In India, therefore around 2.4 lakh ATMs will need to be recalibrated," V Balasubramanian, the president of FSS who also serves as the director of industry lobby Catmi, said.
Shares of one of the technology world's oldest and best-known names rose 4 per cent to $108.50 in trading before the bell, potentially adding nearly $32 billion to a market capitalization that was already $802 billion at close on Thursday.
"Government is in the process of establishing the regulatory framework for net neutrality which, inter alia, includes amendment in the terms of various licence agreements governing the provision of internet services in India to incorporate the principles of non-discriminatory treatment of content," Telecom Minister Manoj Sinha today told Rajya Sabha in a written statement.
The currency slumped to an all-time low of 69.0925 per dollar last month as prices of crude oil -- the nation’s top import -- climbed and foreign funds exited stocks and bonds amid an aversion to riskier assets.
The domestic currency suffered a major setback as forex sentiment turned wobbled once again with a resurgent dollar and a slew of local issues sparking jitters among investors. Also, the Parliament will on Friday debate a no-confidence motion,which weighed on forex market sentiment
Markets are expected to continue trading in cautious mode on Friday ahead of voting on a no-trust motion against the Narendra Modi-led BJP government. The opposition's no-confidence motion -- the first since the BJP government came to power four years ago -- would be taken up in the Lok Sabha.
Infosys will only take the arbitration route to resolve disputes, claims and grievances between its chief executive and the company, should such a situation arise in the future, according to its 20-F report filed with the US Securities and Exchange Commission.
India is projected to grow at 7.3% in 2018 and may further accelerate to 7.6% in 2019 as measures taken to strengthen the banking system and tax reform boost investment, making it the fastest growing major economy in the world, according to the Asian Development Bank (ADB) outlook report.
The Reserve Bank of India has released a new Rs 100 denomination banknote in the Mahatma Gandhi series with a Swachh Bharat logo in lavender colour. This is the first note made of entirely domestic materials.
Mobile operators will be forced to shut down Apple iPhones on their networks if the American giant fails to install a pesky call app on its phones within the next six months. The company has steadfastly refused to install any such app so far, despite telecom regulator Trai’s displeasure over its refusal.