Amazon and Flipkart, the two largest e-commerce players in the country, have temporarily stopped accepting cash on delivery for new orders after government demonetized Rs.500 and Rs.1,000 currency notes.

“Currently, we have temporarily stopped cash as a payment option for new orders,” said Amazon India spokesperson in a statement. Amazon said the customers that had already placed COD (cash-on-delivery) orders before midnight of November 8 can pay for their orders using debit or credit cards or currency of valid denominations.

Public sector units (PSUs) today are leveraging information technology (IT) to automate business processes across various functions such as engineering, manufacturing, materials management, production, site operations and project management.

Oil PSU Indian Oil Corporation (IOC) has been implementing information technology to bring efficiency and transparency in its system. To keep track of the 45,000 customer touchpoints across the country, including more than 25,000 petrol and diesel stations and 6,200 Kisan Seva Kendra outlets (KSKs) in the rural market, it has developed a software solution to digitise transaction processing on the dealer side.

KOLKATA: Armed with a product mix of high and low energy coal, Coal India (CIL) is all set to take advantage of a 60 per cent rise in international coal prices this year and has started targeting coastal power companies’ that heavily depend on imported coal.

“As international prices stand today, a mix of high and low grade coal is available at a substantial discount than imported prices. It would be economically viable for these coastal firms to buy go for coal supplied by CIL. In most cases the landed price of imported coal is higher than coal supplied by CIL at ports,” a senior CIL official said.

Banking shares extended gains for the second straight day on the bourses after the Government of India declared on Tuesday that the five hundred and one thousand rupee notes will no longer be legal tender from midnight, 8th November 2016.

The public sector undertaking (PSU) banks, the largest gainer with the Nifty PSU Bank index was up 4.4%, as compared to 1.8% rise in the Nifty Bank and 1.3% gain in the Nifty50 index at 09:41 am.

New notes are issued by the Reserve Bank of India (RBI)’s department of currency management.

It gets the notes from four presses. The Security Printing and Minting Corporation of India (SPMCIL) has presses at Nashik in Maharashtra and Dewas in Madhya Pradesh. The other two are owned by RBI, through a subsidiary, Bharatiya Reserve Bank Note Mudran (BRBNML), at Mysuru, Karnataka, and Salboni in Bengal.

German luxury car maker Mercedes-Benz, largest player in this segment in India, has expanded its product offering with the launch of 11 products this year, to maintain its lead over competitors Audi and BMW.

On Wednesday, it launched two new convertibles, priced (ex-showroom, Delhi) at Rs 60 lakh and Rs 2.25 crore, respectively.

To avoid long queues at toll plazas Pan India, the government today asked them to accept the old Rs 500 and Rs 1,000 currency notes till November 11 midnight.

The decision was taken after National Highways Authority of India (NHAI) Chairman Raghav Chandra took up the matter with the Prime Minister's Office after being flooded by calls from states over the grim situation at toll plazas.

The benchmark Sensex opened with a negative gap of more than 800 points on Wednesday amidst a global fall as report pour in of Donald Trump leading the U.S. presidential polls.

During the pre-open session, the benchmark Sensex fell 1,339 points or 4.86 per cent at 9:15 a.m., mirroring the massive fall in all other equity markets.

The nation’s largest lender SBI today said it is gearing up to make available “adequate number” of Rs 100 notes at all its ATMs and branches within the next two days to help reduce the inconvenience to the public after the government last night scrapped Rs 500 and Rs 1,000 banknotes.

SBI Group which includes all its five subsidiaries has 55,000 ATMs and 7,000 cash deposit machines (CDMs). SBI alone has close to 17,000 branches and serves tens of millions of customers.

A colourful billionaire businessman with a propensity to court controversies, Donald Trump single-handedly ran one of the most unconventional presidential campaigns in which political correctness was tossed out of the window.

Upending the 162-year old Republican Party, the 70-year-old real estate mogul from New York tapped into the disillusionment of the average American against the establishment, moulding it into vicious anti-immigrant rhetoric which proved to be an electoral gold mine.

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