Improved monsoon leads to power demand moderation in India: Report

New Delhi (IANS) As monsoon coverage improves, power demand in India has moderated, especially in the southern regions, a report showed on Friday. 

Power demand is estimated to have risen 7 per cent (year-on-year) in July to 150 billion units…

Apple sets another quarterly revenue record in India: Tim Cook

New Delhi (IANS) Apple has once again set quarterly revenue record (April-June period) in India, riding on robust local manufacturing amid the government's push and growing export figures. 

Apple CEO Tim Cook said during the company’s Q3…

Historic day for Indian stock market, Nifty closes above 25,000 for first time

Mumbai (IANS) Indian frontline indices closed at a record high on Thursday due to positive sentiment in the market. 

At closing, Sensex ended at 81,867, up 126 points or 0.15 per cent and Nifty was up 59 points or 0.24 per cent at 25,010. It…

Indian warehousing sector saw $1.6 bn investment in January-June period

New Delhi (IANS) The Indian warehousing sector received investments worth $1.6 billion in the January-June period, accounting for 42 per cent of the total institutional investment received in the real estate sector in the same timeframe, a report…

Stock market closes near all-time high; Nifty at 24,951

Mumbai (IANS) Indian equity indices closed near an all-time high on Wednesday following positive action in the broader market. 

At closing, the Sensex was at 81,741, up 285 points or 0.35 per cent, and the Nifty was at 24,951, up 93 points…

Customer service calls on hold resulted in 15 bn hours loss for Indians in 2023: Report

New Delhi (IANS) Customer service calls on hold resulted in a massive loss of 15 billion hours for Indians last year, resulting in likely $55 billion in economic loss output, a report revealed on Wednesday. An average person spends more than one day…

GAIL clocks 25 per cent rise in Q1 net profit at Rs 2,724 crore

New Delhi (IANS) GAIL (India) Ltd on Tuesday reported a 25 per cent increase in net profit at Rs 2,724 crore for the April-June quarter of 2024-25, compared to the corresponding figure of Rs 2,177 crore in Q1 FY-24. 

The company said that the…

ONDC launches interoperable QR code to empower Indian ecommerce sellers

New Delhi (IANS) The government’s Open Network for Digital Commerce (ONDC) on Tuesday introduced an interoperable QR code that is set to transform the e-commerce landscape and empower every seller -- from local artisans to neighbourhood shopkeepers. 

Adani Total Gas reports 20 pc PAT growth in Q1, overall volume up 17 pc

Ahmedabad (IANS) Leading city gas distribution (CGD) company Adani Total Gas on Monday reported a robust operational and financial performance in the April-June quarter by achieving a 21 per cent EBITDA (Earnings before Interest, Tax, Depreciation,…

Grand Vitara surpasses 2 lakh sales in just 23 months: Maruti Suzuki India

New Delhi (IANS) Maruti Suzuki India on Monday said that it sold more than two lakh Grand Vitara cars in just 23 months, setting a new benchmark in the mid-SUV space.

The leading automaker said that it achieved the one lakh unit sales…