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Demonetization

E-commerce sector rides on Digital India, note ban

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...

Retrospect: How did the retail industry fare in 2017

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...

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

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...

Funding and investments in Indian fashion

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...

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

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...

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

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...

Gold imports dropped sharply post-demonetization

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...

More layoffs likely as India's manufacturing sales shrink

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...

Why Heritage Fresh welcomed demonetization

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...

Sales around Rs 100 crore impacted due to demontization: Nestle

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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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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