Search results
Results from the WOW.Com Content Network
On 8 November 2016, Indian Prime Minister Narendra Modi announced that the hitherto existing 500 and 1000 rupee notes cease to be legal tender. He said that the move is taken to curb black money and widespread counterfeit currency in the country. He introduced new ₹500 and ₹2000 notes, and discontinued the existing ₹1000 note.
The Indian 1000-rupee banknote (₹ 1000) is an obsolete denomination of the Indian rupee. It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954.
A hundi is a collection box used in Indian temples to collect cash offerings from devotees. [1] During the 2016 demonetisation of high-value Indian banknotes, there were concerns that the discontinued Rs 500 and Rs 1,000 notes could be hidden in hundis, where monitoring isn't as stringent.
The first demonetisation of India was carried out in the year 1946 when, under the then Governor General of India, Field Marshal Archibald Wavell, 1st Earl Wavell, the Reserve Bank of India demonetised notes of ₹500, ₹1000, and ₹10,000 in order to check black market operations and tax evasions. This was done via 2 ordinances.
Stocks gave back some of the gains they earned during the rally that swept the market in the week following President-elect Donald Trump's Nov. 5 victory -- but some stocks gave back more than...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
From 1835 to 1957, the rupee was divided into 16 annas. Each anna was further divided into four Indian paises (pice) and each paise into three Indian pies till 1947 when the pice was demonetised. In 1955, the Parliament of India amended the " Indian Coinage Act " to adopt the decimal system for coinage.
Maruti Suzuki India: Automotive 120,293 33% 8,211 New Delhi 25 Nayara Energy: Oil and gas 116,240 19% 9,426 Mumbai 26 Steel Authority of India: Iron and steel 111,501 6% 2,177 New Delhi Yes 27 Canara Bank: Banking 111,210 18% 11,255 Bangalore Yes 28 Bank of Baroda: Banking 110,778 26% 14,905 Vadodara: Yes 29 Axis Bank: Banking 106,155 23% ...