Demonetization

FMCG firm Marico on Friday reported 6.82 per cent decline in consolidated net profit at Rs 191.64 crore for the October-December quarter on account of lower income due to demonetization. The company had posted a net profit of Rs 205.68 crore...

India has essentially been a cash-based economy, amassing a value of physical currency estimated to be over 11 per cent of GDP, topping the graph among emerging economies. However, there is still a proportion of India’s population who cannot avail...

Retail inflation is likely to be well below RBI's target of 5 per cent in the current fiscal as demonetization would discourage any price headwind, the Economic Survey for 2016-17 said on Tuesday. The new inflation targeting approach by the...

FMCG major Dabur India on Tuesday reported a 7.5 per cent decrease in consolidated net profit to Rs 293.7 crore for the quarter ended on December 31 as compared to Rs 317.6 crore in the corresponding period the last...

After a whopping 180 per cent growth in 2015, the Indian e-tailing industry expanded by merely 12 per cent in 2016 to clock revenues of USD 14.5 billion, research firm RedSeer on Tuesday said. As per PTI, RedSeer's report said, the biggest...

FMCG firm Godrej Consumer Products Ltd (GCPL) on monday logged a 4.34 per cent decline in consolidated net profit at Rs 351.78 crore for the December 2016 quarter partly due to the impact of demonetization. Its net profit for October-December last...

Cigarette-to-hotel-to-FMCG major ITC Ltd may look into the possibilities of entering the healthcare segment as the company's board has recommended, for approval of its shareholders, the alteration of the objects clause of the company's Memorandum of Association. In a regulatory...

According to a report by news agency PTI, biscuits and confectionery maker Parle Products is aiming to increase its market share in the premium biscuits category to around 20 per cent in 2017-18 from 15 per cent now. "We will be...

Arvind Ltd on Wednesday said profit after tax after exceptional items was lower by 15 percent to Rs 76 crore in the quarter ended December 31, 2016 as compared to Rs 90 crore in the corresponding quarter for the...

India's demonetization drive has impacted gold demand in the short term but buying is showing signs of revival and post the presentation of the national budget on February 1, the market will be back to normal, says the India...