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  1. Will the ₹500 note be banned soon? Here's the reality!

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Will the ₹500 note be banned soon? Here's the reality!

Gauri Singh

9m 33s | Updated on June 06, 2025, 14:51 IST

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SUMMARY

In today’s episode of Markets Today, we break down three major stories shaking up the Indian market: Eternal’s rising dependence on Blinkit, Maruti Suzuki’s plea to revive small cars in India and the truth behind viral rumours about the ₹500 note ban.

RBI BAN 500 NOTES (1) (1) (1).jpg

This episode dives into three trending market stories:

*Eternal (formerly Zomato) is seeing strong revenue growth driven by Blinkit, but rising losses and overdependence on Blinkit are raising red flags. The company is restructuring to become a domestically controlled entity, aiming for more supply chain control by shifting Blinkit from a marketplace to an inventory-led model, a move that could bring both efficiency and risk.

*Maruti Suzuki is urging the government to help revive India’s entry-level car segment, which has seen a sharp decline from 46% of car sales in 2019 to just 27% in 2024. With affordability becoming a major issue and used cars gaining popularity, experts suggest tax incentives and lower insurance costs could reignite demand.

*A viral video falsely claimed that ₹500 notes will be discontinued by March 2026. The RBI and PIB have debunked the rumour ₹500 notes remain legal and valid. The panic was caused by a misinterpretation of an RBI circular focused only on improving ATM access to smaller denominations.

The episode ends with a reminder to always fact-check sensational financial claims and beware of RBI-themed scams.

SIP
Consistency beats timing.
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About The Author

Gauri Singh
Gauri Singh is an anchor and journalist with over a decade of experience, currently covering business, finance and general news. Beyond her professional pursuits as a storyteller, she is a cricket fan, loves travelling and is a dedicated yoga practitioner.