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Demonetisation Effect: Workers To Receive Cashless Salary Only

In a bid to continue cashless economy, the government has new plans for cash payments made to industry and factory workers all over India. Reports from TOI state that it will soon be mandatory for workers to receive their wages through cheque...

Demonetisation Is Becoming A Curse for Employees: Mobile Companies On A Layoff-Spree?

Demonetization has shaken the mobile phone market, leading to a huge decline in sales. The feature phones and budget phones faced the maximum burnt. Consumers of these phones mostly prefer to pay by cash, which has now become the...

Demonetisation Effect on Smartphone Sales in India: Down by 60% – 70%

Almost one month ago, the Indian government announced demonetisation of Rs. 500 and Rs. 1000 notes across the country. This measure caused severe cash crisis all over the country affecting each and every industry. One of the most affected...

Micromax is Back, Sets Eyes On Xiaomi’s Crown

A fallen pioneer, banished from its own motherland by collective foreign forces, has finally roused itself up! Micromax has announced its re-entry in the Indian smartphone market, and this time, it’s all ‘In’. The comeback was announced via Twitter by co-founder...

Growth in PhonePe Revenue By Year: FY 2016 – 2019

The above graph represents the growth in PhonePe revenue by year, starting from the fiscal year 2016 to the recently completed year. The Flipkart-owned PhonePe reported its highest-ever annual revenue of Rs 245.8 crore in FY 2019, with a...

No More Cashback On Credit Card Payments At Petrol Pumps In India

In 2016, in the wake of demonetization, the Indian Government directed state-owned oil companies to give its customers a discount of 0.75% on purchases made by credit or debit cards and digital payment services. This discount was delivered in the...

Number of Mobile Banking Transactions In India by Month

The above graph represents the total number of mobile banking transactions in India by month. India has been recording an applaudable month-over-month growth in its mobile banking transactions for the last few years. Interestingly, in October 2019, the total...

Debit Cards Transactions At ATMs in India by Month: Volume vs Value

The above graph represents the monthly distribution of the debit card transactions at ATMs in India, in volume and value terms. With 1,314.28 million transactions worth Rs 3,855.82 billion in October 2019, Debit cards continue to dominate the digital...

Total Value of Debit Card Transactions at ATMs in India by Month

The above graph represents the total value of debit card transactions at ATMs in India, on a monthly basis. In October 2019, Indian witnessed an appreciable 15.2% month-over-month growth in the total value of cash transacted using debit cards....

Number of Debit Card Transactions at ATMs In India by Month

The above graph represents the number of debit card transactions at ATMs in India by month, starting from April 2011 to October 2019. With 859.23 million (8,592 lakh) transactions in volume, ATM withdrawals accounted for nearly 65.4% of the...
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India’s Top 3 IT Firms Let Go 65k Employees in FY24: Is Automation the Culprit?

Tech industry layoffs post-Covid have been a major concern, affecting white-collar employment in India. This trend isn't confined to...
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