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The Latest Breaking News from Kirana

From kirana to currency: Small towns are scrambling for dollars

Small towns now lead India's foreign exchange demand, surpassing major cities. This shift indicates rising prosperity and global lifestyle choices among their residents. Consumers from these areas are increasingly spending on international travel and education. This trend reflects a significant evolution in India's domestic consumption patterns. The financialization and digital…

The Economic Times · Aug 17

UPI to remain free for consumers, says Payments Council of India

The Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will also not face charges for digital payments. This assurance addresses concerns about potential merchant fees within the digital payments ecosystem. Banks and payment providers have invested heavily in maintaining the UPI…

The Economic Times · Aug 7

UPI MDR could raise business costs, hurt consumption if introduced: Experts

Experts suggest focusing on who bears UPI merchant discount rate costs. Introducing this fee could increase business operating expenses and squeeze margins. Small merchants and kirana stores may face significant challenges with this change. UPI's success as a public digital infrastructure is at stake. Policymakers must balance sustainability with UPI's…

The Economic Times · Jul 18

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Flipkart-backed Ninjacart raises $6 million from Accel, Nilekani, Tiger Global

The Bengaluru-based company, which supplies fruits and vegetables to quick-commerce platforms, modern trade, kirana stores, restaurants, and exporters, said it has turned Ebitda (earnings before income, tax, depreciation, and amortisation) profitable. It did not disclose the valuation or the total size of the planned multi-tranche round.

The Economic Times · Jul 2

Meesho to buy Kirana Club for Rs 202 crore, eyes deeper retail play

Ecommerce giant Meesho is set to acquire Kirana Club for Rs 202 crore in a cash deal, aiming to bolster its reach within India's vast kirana and small retailer network. This strategic move, approved by Meesho's board, will see the acquisition of Kirana Club's Singapore entity and its Indian subsidiary,…

The Economic Times · Jun 12

Rice millers across State to shut down against 5% GST on unbranded food products

The APMC Yard in Bengaluru too will remain closed

The Hindu · Jul 14, 2022

Coimbatore: Open Network for Digital Commerce eyes hyperlocal search engine model

COIMBATORE: A kirana store owner, unlocks the screen of his phone, opens a popular payment app and searches for a product. Immediately, products available in his store pop up on the screen.

The Times of India · Jun 27, 2022

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Want to sing till my last breath, says Prabha Atre

PUNE: For the Kirana gharana exponent, prolific author, and Hindustani classical music legend Prabha Atre, receiving the Padma Vibhushan is a tribute to all her gurus from Sureshbabu Mane to Hirabai Barodekar and her listeners. In a year where she will turn 91, her dedication remains to her craft.

The Times of India · Jan 26, 2022

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