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Demonetization

Retail

E-commerce sector rides on Digital India, note ban

IANS -
Adopting disruptive technology and riding on the Digital India bandwagon, the e-commerce sector has survived the slowdown in 2017 and benefited from the note ban, which spurred online transactions. More than computer-based Internet penetration and broadband extension, the record growth...
Retail

Retrospect: How did the retail industry fare in 2017

Kabir Lumba -
Demonetization, that was announced in November 2016 had an overbearing influence on the way 2017 started, barely 45 days into what was arguably one of the boldest reforms India has seen. This had both positive and negative rub-offs on...
Research

Demonetization had high impact on sales of wholesalers, retailers: Survey

Indiaretailing Bureau -
As demonetization completes one year, about 36 per cent of wholesalers and retailers in India say that note ban has had high to severe impact on their businesses, as per a report. The survey conducted by wholesale marketplace Wydr said...
Fashion & Lifestyle

Funding and investments in Indian fashion

Namita Bhagat -
The fashion and lifestyle sector in India has shaped up rather well since the turn of the new millennium. People today are as fashion-conscious as any celeb or a socialite, and this has resulted in increased fashion spending across...
Food

GST not just a tax reform, it's a new way of doing business: Walmart's Krish Iyer

Charu Lamba -
Demonetization, series of structural reforms and the implementation of Goods and Service Tax will propel the retail sector into the modern economy, and help attract significant foreign investment, Walmart India CEO, Krish Iyer said. "GST coupled with demonetization will make way...
Retail

Jewellery stores overcomes note-ban shadow, see jump in gold sales on Akshaya Tritiya

IANS -
With cash flow almost normalising after demonetisation, customers on Friday thronged jewellery shops across the country to celebrate Akshaya Tritiya. "We are seeing good footfall in our stores. In the last two months, after demonetisation, people have again started buying...
Retail

Gold imports dropped sharply post-demonetization

Indiaretailing Bureau -
The Centre's demonetization drive is seemed to have a significant impact on the gold demand in the country as imports of the metal dropped sharply in December and January. According to a PTI report: Gold imports reduced to 54.1 tonnes...
Retail

More layoffs likely as India's manufacturing sales shrink

IANS -
Despite the Government's efforts to attract investment under its Make in India campaign, sales of manufactured goods fell 3.7 per cent during 2015-16 -- the first decline in seven years --sparking fears of layoffs and debt default in the...
Food

Why Heritage Fresh welcomed demonetization

Progressive Grocer Bureau -
November 8, 2016 was a very important day in the history of India, the world’s second largest emerging market. Prime Minister Narendra Modi made a historic announcement – demonetization (pulling large currency notes - Rs 500 and Rs 1000...
Food

Sales around Rs 100 crore impacted due to demontization: Nestle

Indiaretailing Bureau -
FMCG major Nestle said it has taken Rs 100 crore hit on sales due to demonetization and the sector will take another six months to overcome the impact of the Government's move to scrap old high value notes. "We took...
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Fashion & LifestyleShiv Joshi -

Our approach to technology is proactive and strategic: Rajgopal Nayak, Metro Brands

Rajgopal Nayak, Chief Technology Officer, Metro Brands Ltd. on the footwear major’s approach to technology, focus areas and tech...
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