new currency
Retail
Widespread distress as demonetization hits small, medium businesses hard
IANS -
A huge wail of distress is being heard from small and medium business enterprises across India that have been hit hard by the demonetization of high-value notes.
Alarmed by the drastic fall in trade, commerce and business activities by around...
Retail
Mobile wallet players laud RBI move to raise spend limits
Digital wallet companies on Wednesday welcomed the RBI's decision to increase the limits on mobile wallets spend to Rs 20,000 for users and to Rs 50,000 for merchant bank transfers in view of the cash crunch following demonetization of...
Consumer Durables & IT
Note Ban: Samsung launches buy now, pay after 60 days offer on consumer durables
At a time when Indian consumers are facing cash crunch due to demonetization of Rs 500 and Rs 1000 denominations, Samsung India has introduced offers that allow consumers to buy now but after 60 days in EMI, across consumer...
Food
Currency blues hit Mother Dairy, Safal outlets
IANS -
Shaswati Meena is bitter that Mother Dairy and Safal outlets here are now insisting that customers coming with demonetized notes must spend every bit of their 500 or 1,000 rupees.
With most of her time spent taking care of her...
Food
Note Ban Impact: Hawkers, small traders move to e-payment
Unable to undertake transaction in the absence of Rs 500 and Rs 1000 notes, some vegetable vendors and small traders have taken to using cashless means of payment like Paytm and card readers.
Naresh Kumar, who owns a grocery shop...
Latest News
MobiKwik sees 150 per cent jump in merchant base post demonetisation
Mobile wallet company MobiKwik today announced that it has seen a 150 per cent jump in its merchants base since the Government’s announcement of demonetizing Rs 500 and 1000 currency notes. From a 100,000 merchant base in the pre-currency...
Latest News
Paytm launches app POS to enable small merchants to accept debit, credit cards
Paytm, India’s largest mobile payments and commerce platform, has today updated its app to launch India’s first app point of sale (POS) terminal allowing all small and medium merchants to accept all card payments including Rupay, Visa, MasterCard and...
Food
Supply chain hit as demonetization drives 70 pc trucks off India's roads
IANS -
Kultaran Singh Atwal, a transporter, owns seven trucks. Now, he says, he is forced to keep five of his fleet idle due to demonetisation, as he has been deprived of the minimum Rs 20,000 cash per truck per trip...
Latest News
MobiKwik registers 7000 per cent increase in bank transfers
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...
Retail
Expert Speak: The impact of demonetization on Indian retail
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...
- Advertisement -
Latest News
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...
- Advertisement -
