Reserve Bank of India
Consumer Durables & IT
Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million
PTI -
Similarly, the number of cards in use has also jumped by more than 5 million since January and crossed 87.4 million in the reporting month, making this also an all-time high in May, according to the RBI data
Mumbai: Credit...
Payments
RBI publishes list of 54 existing online payment aggregators
PTI -
The list includes Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs)
Mumbai: The Reserve Bank on Wednesday released a list of 54 entities, including Amazon (Pay)...
Big Grid
Retail inflation drops to 4.59 pc in December 2020
Retail inflation fell sharply to 4.59 per cent in December, mainly due to declining food prices, government data showed on Tuesday. Retail inflation based on the Consumer Price Index (CPI) was 6.93 per cent in November.
Food inflation declined to 3.41...
Research
Business confidence up, demand gains strength: FICCI survey
IANS -
The Overall Business Confidence Index (OBCI) rose to a six-quarter high and demand side in the economy is gradually gaining strength, a FICCI survey said on Wednesday.
The index value stood at 67.3 in the current survey as against 62.8 in...
Retail
FDI increased to $42bn during April-February
According to Reserve Bank of India (RBI), foreign direct investment (FDI) in India increased to $42 billion during April-February in 2015-16, up by 27.45 per cent from the inflows in the corresponding period of the previous fiscal.
The inflows were...
Retail
21 e-commerce firms under the scanner for FDI violation
In response to the petition filed by All India Footwear Manufacturers & Retailers Association, against e-commerce firms for violations of India's foreign direct investment (FDI) norms, Delhi High Court has ordered the government to probe 21 e-commerce companies.
Major e-commerce...
Retail
Virtual POS: User experience and data security will determine proliferation
Recently, the Reserve Bank of India (RBI) stated that it was in discussions with the government to reduce cash usage in the system and effect a transition towards a cashless economy. And clubbed with the Digital India initiative of...
Retail
Delhi High Court seeks clarity on FDI in online retail businesses
In a recent petition filed before the Delhi High Court, The All India Footwear Manufacturers & Retailers Association (AIFMRA) has alleged violation of FDI norms by e-commerce marketplaces, pointing to substantial foreign investments in most of such businesses.
A single-judge...
Retail
Future Group to launch mobile wallet: Kishore Biyani
In a tightly packed session at the India Retail Forum 2015 in Mumbai on September 16th, Future Group Founder and Group CEO Kishore Biyani has announced that the retail major is in the process of launching its mobile wallet.
In...
Retail
Asia Pacific is the fastest growing market for mobile wallets followed by the EMEA region
Mobile wallet is a service that is often confused with mobile banking. It is a much broader concept, which includes using a mobile phone as a mode of payment, rather than depending on hard cash or debit and credit cards....
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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...
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