Demonetization

Mobile wallet app FreeCharge has recently announced a 2 day cashback bonanza for consumers across its merchant network, starting December 11. The company has launched the offer to compete against the leading e-wallet Paytm which also announced a similar offer...

The FMCG industry, which was looking forward to good sales following a robust monsoon this year, has been impacted by demonetization, according to Godrej Consumer Products Ltd (GCPL). "Given the good monsoon this year, rural sales had begun picking up post harvest from October...

Digital wallet firm FreeCharge today announced that food orders using FreeCharge have grown 12 times in the last 30 days since demonetization happened. Additionally, the company says that it has also added F&B outlets in over 110 cities since demonetization...

Cashing in on the ongoing demonetization drive across India, Amazon India is witnessing triple-digit growth in its sales as it has switched to various electronic payments platforms, said the company's Vice President and Country Manager Amit Agarwal. "When demonetization was...

With limited liquidity in the economy following the Government's demonetization move, the fast-moving consumer goods (FMCG) sector is resorting to production cuts due to accumulation of stock. After Rs 1,000 and Rs 500 notes were banned by the Government on...

Yoga guru turned businessman Ramdev on Tuesday said his FMCG venture Patanjali Ayurved is targetting to shore up its production to Rs 1 lakh crore by 2020. "Patanjali has been registering 100 per cent growth for the last four years...

With the Government's sweeping and decisive announcement on demonetization, money supply will reduce in the short term, but only until the new currency notes get widely circulated. Facing the bigger and more long-term headwinds of a fall in consumer...

E-commerce giant Amazon said its business in India saw a "short term impact" in the immediate aftermath of demonetization but has since then bounced back to "triple digit growth rate", with ten-fold jump in customers opting for e-payment at...

FMCG firm Dabur said the demonetization of high value currency notes would have beneficial impact on organised players in the segment. According to a PTI report: However, on account of scarcity of cash available with customers and trade, the company...

The demonetization move acts as a further impetus for online players to leverage the shift to digital platforms for consumers, reveals a report by premium lifestyle online portal Luxehues.com. The study, conducted in November, is a result of approximately 150...