The Reserve Bank of India (RBI) is not using ‘counting machines’ for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply. Rather, it is using “sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the currency notes, including SBNs (Specified Bank Notes that have been scrapped)”, the RBI clarified later this evening. “These machines are way superior to the note counting machines.

The sensex on Monday opened on higher note tracking stronger Asian cues. Global Markets were stable over a fact that North Korea did not indulge in any new event that might escalate the geopolitical tensions.

The 30-share BSE Sensex was up 177.41 points at 31,864.93 and the 50-share NSE Nifty rose 52.60 points to 9,987.40.

National carrier Air India has deferred the delivery of at least one A320 neo aircraft due to issues with CFM-manufactured engine, sources said.

The development also comes at a time when no-frills carriers -- IndiGo and GoAir -- have grounded at least 11 A320 neo aircraft due to problems in their Pratt and Whitney engines.

Unfazed by the recent upheavals at the board, Infosys will continue to hire about 6,000 engineers annually over next 1-2 years, same as last financial year, according to a top company official.

The country's second largest software services firm has also ramped up its hiring process in the US and European markets as it looks to tap opportunities and tide over visa- related issues.

PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the bank's ATMs.

At present, account holders of the country's second largest public sector bank can make any number of transactions in a month, financial or non-financial, at the bank's ATMs without attracting any charge.

The Good & Services Tax (GST), introduced by the central government from July 1, saw the country's richest sporting body, BCCI, pay in excess of Rs 44 lakh in taxes.

The BCCI's official website states that for the month of July, it paid Rs 44,29,516 in GST.

Tata Motors and its temporary workers at the Jamshedpur plant who were on a strike since Tuesday today agreed to end the four-day impasse.

The ice-breaker came in after the unions agreed to the management offer to take 200 of the over 4,500 temporary workers on to the rolls annually. At the reconciliation meeting held yesterday, the workers had turned down instead asked for upgrade of at least 500 workers annually.

New Delhi, Sept. 8: Maruti Suzuki India, the country's largest car maker, is likely to set up its fourth production line at the company's Gujarat plant, chairman R. C. Bhargava today said.

The new production line, which plans to produce 2.5 lakh units per annum, will take the plant's total capacity to a million units.

New Delhi: Madhya Pradesh, India’s second largest state, has appealed to the country’s top court to quash a Goldman Sachs-backed solar project, highlighting the challenges faced by solar companies looking to expand in Asia’s third largest economy.

Madhya Pradesh’s attempts to scrap the agreement with ReNew Power over the 51 megawatts (MW) project, citing land acquisition delays, were thrown out by a state court.

The recommendations of the inter-ministerial group (IMG) on telecom seem to have run into some legal complications. The Telecom Commission (TC) headed by its chairperson and department of telecommunications secretary Aruna Sundararajan, which met on Friday to discuss the report, decided to send it back to the panel seeking clarifications on certain issues. Sources said that the IMG is expected to provide the clarifications in two weeks after which the TC would meet again to deliberate on it.

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