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Hoarded cash is flowing back into financial system, asserts Modi

MUMBAI: Economists, and not the government, had floated estimates that Rs 3 lakh crore black money was in circulation and would be extinguished as a result of demonetisation, the prime minister Narendra Modi said commenting on the dichotomy between the fact that almost 90 per cent of the...

iWorld e-commerce
Less-cash to digital economy the goal, but remonetisation behaviour uncertain, feels Jaitley

NEW DELHI: Huawei Telecommunications India CEO Jay Chen has said that demonetisation and the resultant shift to digital economy will help India bridge the digital gap and transform the country into a digitally empowered society and knowledge economy.

iWorld e-commerce
Amazon invests Rs 2k crore; gives stiff competition to Flipkart

MUMBAI: In an attempt to give tough competition to prime e-commerce website Flipkart, Amazon has infused US$ 296 million (Rs 2010 crore) in its Indian unit. According to regulatory filing, this investment has made Amazon’s total invested capital to Rs 7000 crore.

iWorld e-commerce
Paytm Marketplace files complaint against 'fraudulent' users

MUMBAI Ever since Prime Minister Narendra Modi brought down the surgical strike against black money in the form of demonetization in November 8, the Alibaba backed online wallet service PayTM found itself in news, and its usage growing by leaps and bounds.

iWorld e-commerce
E-comm ecosystem to create 1.45 million jobs by '21: KPMG-Snapdeal

MUMBAI: Ecommerce sector is powering employment generation in India, a report by Snapdeal & KPMG has concluded. Snapdeal, in partnership with KPMG today released the findings of a study examining the macro-impact of the e-tail industry and the associated ecosystem, on the employment landscape...

iWorld e-commerce

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