Mumbai: Larsen and Toubro Ltd (L&T), India’s largest engineering and construction company, will see some impact of demonetisation on its construction and real estate business in the next quarter, analysts said.

L&T, which is referred to as a corporate proxy for the broader economy, will report results for the second quarter ended 30 September on Tuesday, but all eyes will be on the company’s outlook commentary for the full-year and the impact of demonetisation on its various businesses.

New Delhi: In an attempt to counter Reliance Jio’s unlimited free voice, Reliance Communication on Tuesday announced unlimited voice plan at Rs.149 for all its customers. The plan also includes 300 MB of data usage, indicating that the company is adopting bundling of voice and data.

“The ‘149 Unlimited’ Plan, available across the 2G, 3G and 4G technology platforms, is targeted at incentivizing 2G, 3G and 4G handset-owners across India to move to the R-Com network.

With high-priced products such as compact hatchbacks, utlity vehicles and mid size sedans becoming more popular with customers, Maruti Suzuki’s traditional products like the Alto, Swift and Dzire have clocked smaller volumes in recent months.

Between April and October volumes for the Alto fell 9.36% y-o-y to 1,39,574 units while those for the Swift fell 23.44% y-o-y to 95,367 units. During the same period volumes of Dzire (compact sedan) slipped by 22.13% y-o-y 97,127 units.

Infosys founder N R Narayana Murthy, in an interview with CNN News18, on Tuesday said that demonetisation was a good step would help boost India’s digital economy. Murthy was of the opinion that this was the best time for all the political parties to come together and ensure a clean economy. He said that all the political parties could join shoulders to ensure a clean electoral funding.

PNB Gilts hit a new high of Rs 51.30, up 10% on BSE, extending its month-long rally after it reported a robust set of numbers for the second quarter ending September 30, 2016 (Q2FY17).

Since October 25, post Q2FY17 results, the stock zoomed 71% from Rs 30 as compared to 7.8% decline in S&P BSE Sensex.

Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs. 25,000 crore capital currently locked up in non-performing assets (NPAs) over next four to five years, noted a recent ASSOCHAM-Crisil joint study.

“If implemented successfully, the code will help India’s banking sector catch up with or even exceed the recovery rates of 32 percent and average time taken of 2.8 years in other emerging markets,” highlighted the study titled ‘Insolvency and Bankruptcy Code 2016: A game changer,’ conducted by ASSOCHAM jointly with Crisil.

In a recent announcement, the Reserve Bank of India has today said that all overdraft and cash credit holders will now able to withdraw up to Rs 50,000 in a week. As per the advancement, the holders of current, overdraft and cash credit accounts operational from past three months and more will now be able to withdraw up to Rs 50,000 cash in a week. As per the RBI, Indian banks have till now disbursed a total of about Rs 1.03 lakh crore cash post the note ban announcement.

State-owned CIL is examining opportunities to export coal with high ash content or high grade fossil fuel to the neighbouring nations, Parliament was informed today.

“CIL (Coal India) is exploring opportunities to export Indian coal having high ash content or high grade coal to the neighbouring countries as the demand for such type of coal is comparatively less in the domestic market,” Minister of State of Coal, Power, New and Renewable Energy and Mines Piyush Goyal said in a reply to the Rajya Sabha.

Since its inception in 1998, Hyundai Santro has been one of the most popular and best-selling hatchbacks in India. Hyundai discontinued the Santro in 2014 to make way for the Grand i10 and Elite i20 in the product lineup. Now though, the Korean car manufacturer is working on a new Santro, which is said to be replacing the Hyundai i10 and will be positioned above it. This has been claimed by a report in the Hindustan Times.

Shares of Coffee Day Enterprises, Housing Development Infrastructure (HDIL), Reliance Communications (RCom), Reliance Power, Bata India and Jet Airways are among 20 stocks from BSE500 index hitting their respective 52-week lows on the BSE in intra-day trade on Friday.

Titan Company, United Spirits, Wonderla Holiday, Apollo Hospitals, OnMobile Global, Orient Cement, Shoppers Stop and Tata Elxsi are others trading at 52-week lows.

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