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Unorganised sector hit hard by demonetization; witnesses job cuts

The major sectors of the economy including FMCG, jewellery and SMEs have been hit post demonetisation, while the unorganised sector is seeing job losses, said industry body Assocham. In an interview to PTI, Assocham President Sunil Kanoria lamented the lack...

Centre cuts levies on PoS machines till March 2017

Amid upror over the ongoing demonetisation issue and to promote card payments, the Central government has slashed levies on Point of Sale (PoS) machines whose demand has increasingly increased by merchants post demonetisation of high value currency. The Government has...

Kishore Biyani's Big Bazaar stores turn into mini ATMs; allow consumers to withdraw cash

Kishore Biyani-led Big Bazzar has tied up with State Bank of India to enable mini ATMs across all its 260 stores to allow consumers withdraw Rs 2000, using their debit cards, while they shop. The company has come out with...

Retail trade comes to grinding halt post demonetization: Federation of Retail Trade Welfare Association

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's Acharya Balakrishna hails demonetization; announces more investment in Mihan project

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...
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Stanley Lifestyles IPO subscribed 1.43 times on day 1 of offer

The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE dataNew Delhi:...
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