Connect with us

Business

Dry ATMs again: 83% in Hyderabad could not get cash last week, report

Published

on

New Delhi, April 13: Five months after demonetisation, cash crunch and dry ATM machines cease to leave some parts of the country, says a survey on Thursday.

The report further says the cash at ATMs has worsened in the last two months. The survey conducted by the LocalCircles citizen engagement platform says as much as 83 per cent citizens who visited ATMs last week in Hyderabad, could not find the cash. The figure was 69 per cent in Pune, said the survey.

Overall, the survey claims 36 per cent of the respondents could not find cash in ATMs between April 5 and April 8. It also pointed such spell was noticed between February 14 and February 16, when 22 per cent people faced problems in finding a cash dispensing ATM but the figure is worse than last time.

Over 10,000 citizens across India participated in the survey.

Many respondents said that they are withdrawing cash from the ATMs as some banks are levying a transaction fee after every four withdrawals. This could be a reason for ATMs to quickly running out of cash.

LocalCircles conducted a citizen pulse check in 11 cities across India and found that Hyderabad was worst hit by ATM outages followed by Pune. Eighty-three per cent citizens in Hyderabad and 69 per cent in Pune said that they were unable to get cash from ATMs between April 5 and April 8.

Delhi recorded the highest amount of ATMs dispensing cash, with only 11 per cent citizens unable to find money in the ATMs during the period.

Wefornews Bureau (with IANS inputs)

Business

TCS first Indian company to achieve $100 billion m-cap

Published

on

tcs

Mumbai, April 2: IT bellwether Tata Consultancy Services (TCS) on Monday emerged as the first Indian listed company to cross the $100-billion mark in terms of market capitalisation (m-cap).

Around 11 a.m., the m-cap of the company stood at Rs 675,934.95 crore or $101.60 billion on the BSE.

Shares of the company rose over four per cent to a new high of Rs 3,557 per share.

On Friday, the IT major’s shares rose over seven per cent to Rs 3,419.80 per share, taking its m-cap to over Rs 6.50 lakh crore or around $98 billion — close to the $100 billion mark.

The company’s shares had surged a day after its quarterly results announcement, which reported a net profit for Q4 at Rs 6,925 crore — up 4.6 per cent — from Rs 6,622 crore in the same period in 2017 and up 5.8 per cent sequentially from Rs 6,545 crore a quarter ago.

It also announced 1:1 bonus shares of Re 1 face value to its investors at the end of fiscal 2017-18.

IANS

Continue Reading

Business

Key Indian equity indices open on flat note

Published

on

Mumbai, April 23: Key Indian equity indices opened on a flat note on Monday.

Around 9.16 a.m., the wider Nifty50 of the National Stock Exchange (NSE) inched up by 14.55 points or 0.14 per cent to trade at 10,578.60 points.

The barometer 30-scrip Sensitive index (Sensex) of the BSE, which opened at 34,493.69 points, traded at 34,425.68 points — up 10.10 points or 0.03 per cent from its previous session’s close.

The Sensex has so far touched a high of 34,500.55 points and a low of 34,396.03 points during the intra-day trade.

The BSE market breadth was bullish with 432 advances and 322 declines.

Continue Reading

Business

Centre congratulates Bengal for becoming revenue surplus

Published

on

Secretary, Revenue, Dr. Hasmukh Adhia
Hasmukh Adhia, Finance Seceretary.File Photo

Kolkata, April 22 (IANS) The Central government has congratulated the West Bengal government as the state has become revenue surplus in March, officials said.

In a recent communication to state Chief Secretary Malay De, Union Finance Secretary Hasmukh Adhia said: “As far as West Bengal is concerned, the revenue gap has come down from 33.4 per cent in August to (-) 3 per cent in March. The revenue shortfall in West Bengal has been coming down steadily but there seems to have been a spike of a major gain in March where suddenly your revenue deficit has now become revenue surplus.”

“I would like to congratulate West Bengal for such a performance. We do hope that the trend will continue in future months also,” he wrote.

Adhia also mentioned the performance of Goods and Services Tax (GST) collection is improving with some ups and downs.

IANS

Continue Reading
Advertisement

Most Popular