UPI transactions likely to touch 100 billion mark in next 10 years: NPCI chief

Mumbai (IANS) The country's Unified Payments Interface (UPI) has the potential to touch 100 billion transactions in the next 10-15 years backed by credit growth, according to Dilip Asbe, CEO of National Payments Corporation of India (NPCI). 

India-GCC bilateral trade reaches $162 billion, exports show consistent growth

New Delhi (IANS) Showing strong growth, the bilateral trade between India and the Gulf Cooperation Council (GCC) countries reached 162 billion dollars last year, the government has said. 

The GCC now contributes 15 per cent of India's total…

Nifty hits all-time high as IT stocks lead the rally

Mumbai (IANS) Indian frontline line indices extended gains in mid-session on Wednesday due to a rally in the IT stocks. 

Due to the uptrend, the National Stock Exchange (NSE) benchmark Nifty made a new all-time high of 25,114, previously it…

Nifty closes above 25,000 for second straight session

Mumbai (IANS) Indian equity indices closed flat on Tuesday due to mixed global sentiments. 

At closing, Sensex was at 81,711 with a slight gain of 13.65 points and Nifty closed at 25,017 with a gain of 7 points. It is the second consecutive…

Indian tech industry projected to reach $350 billion in FY25 as salaries jump

New Delhi (IANS) The Indian tech industry is projected to reach $350 billion in FY25 -- from $254 billion in FY24 -- fuelled by the rise of remote work and digital-first strategies, a report showed on Tuesday. 

Traditionally non-tech industries…

Ola Electric shares nosedive 25 pc from record high in 5 trading sessions

Mumbai (IANS) Bhavish Aggarwal-run Ola Electric’s shares have tumbled nearly 25 per cent from its record peak in the last five trading sessions, leaving investors jittery amid profit booking and broader market volatility. 

The stock has nosedived…

BHEL receives Rs 11,000 crore order from Adani Power, its subsidiary Mahan Energen

Mumbai (IANS) State-run Bharat Heavy Electricals Ltd (BHEL) on Monday said it has received a Rs 11,000 crore order from Adani Power and its subsidiary Mahan Energen Ltd (MEL) to set up three “supercritical thermal power projects”. 

Each of…

India's textile exports to touch $65 billion by 2025-26: Invest India

New Delhi (IANS) India's textile industry is expanding at a rapid pace with the country's textile exports projected to touch $65 billion by the financial year 2025-26, according to Invest India. 

Projections indicate that textiles production…

Indian space sector contributed $60 bn to GDP, generated 4.7 million jobs: Report

New Delhi (IANS) The Indian space sector has, in the last 10 years, contributed $60 billion to the GDP, as well as generated 4.7 million jobs in the country, according to a report. 

It showed that in the last years, the country invested nearly…

Chevron to invest Rs 8,300 cr in Karnataka, hire 600 engineers by 2025

Bengaluru (IANS) Global energy solutions leader Chevron on Friday announced to invest Rs 8,300 crore to set up its engineering and innovation centre of excellence (ENGINE) in Bengaluru.

The centre will hire 600 engineers by 2025 in engineering…