Demonetization

Gold and jewellery establishments in the national capital remained closed for the 12th day today after the Income Tax Department conducted surveys following reports of alleged profiteering and tax evasion by traders and other operators in reported conversion of...

Mobile wallet company MobiKwik has today announced that the firm has registered a 7000 per cent increase in bank transfers since it allowed users to transfer money instantly to any bank account at 0 per cent fee. “The idea behind...

The Government’s recent demonetization move has definitely impacted the India retail industry in the short term due to lack of liquidity in the economy. As Indian retail segment generates a lot of cash transactions, there might be reduction in the...

Expressing strong disagreement with the ways in which the Government of India has addressed the evil of corruption in the country, a retail traders' body said that the Union government did not do proper homework before announcing the decision. According...

Patanjali Ayurved Ltd, founded by yoga guru-turned-enterpreneur Baba Ramdev, plans to scale up its land holding in Mihan-SEZ in Nagpur by 40 acres - taking it to 330 acres - for its ambitious modern food-park project. The company is eyeing export of herbal...

With people being compelled to switch to non-cash mode after the demonetization move, digital payments company Paytm has been witnessing over 7 million transactions worth Rs 120 crore a day, helping it crosss US$ 5 billion GMV sales, four...

At a time when the whole nation is facing cash crunch following the demonetization of high denomination currency notes, the small vendors in the capital city of Odisha have adopted the smart ways of payment. They are accepting payment through...

Mobile wallet firm MobiKwik said that its Nearby feature has seen an over 2,500 percent increase in traffic since demonetisation kicked in. In a statement, the company said that the nearby feature has helped millions of MobiKwik users in identifying...

In the wake of demonetization drive and a surge in the demand for digital payment options, mobile wallet MobiKwik has revised its monthly annualised Gross Merchandise Value (GMV) sales target by 10 times to US$ 10 billion by 2017,...

An immediate fallout of the demonetization of high value notes would be a mushrooming growth of non-bank entities like Paytm and Freecharge into the payment business, industry chamber Assocham said on Sunday citing a study. "One immediate fallout of the...