India accounts for over 75% of Truecaller's net sales in Q1

New Delhi (IANS) India accounted for 75.5 per cent of the total net sales of Truecaller across revenue streams -- Truecaller for Business, Premium subscriptions and Ads -- in the first quarter of this year, the company said on Thursday.

The…

Multiple factors gives nuke power major push in APAC region: Moody's

Chennai (IANS) A combination of factors like the move towards decarbonization, fuel diversification, geopolitical situations resulting in fossil fuel price hike and climate change affecting solar and wind power provide the base for expansion of nuclear…

Around 250 LMT of wheat procured during current Rabi season

New Delhi (IANS) The government has procured 252 lakh metric tonnes (LMT) of wheat so far during the ongoing Rabi marketing season (2023-24).

According to estimates released by the Department of Food and Consumer Affairs, the current wheat…

Paytm beats PhonePe, GooglePay as India's highest revenue earner in mobile payments, financial services

New Delhi (IANS) Indian fintech giant Paytm on Wednesday reported its financial performance for FY23, where its revenues swelled to Rs 7,991 crore for the fiscal year.

Just inches away from a billion dollars, Paytm's revenue puts it the…

NCLT admits Go Airlines' petition

Chennai (IANS) The National Company Law Tribunal (NCLT) on Wednesday admitted the voluntary insolvency petition filed by the Wadia group's low cost airline Go Airlines (India) Ltd and appointed Interim Resolution Professional (IRP).

The…

Cancel licences of tax evading insurers: GIEAIA

Chennai (IANS) With about goods and services tax (GST) evasion amounting to about Rs 2,250 crore by some players in the general insurance industry, a major union in the sector has urged the government and the regulator to cancel licences of such entities.

Overall connected vehicle tech grows 60% in India in Q1

New Delhi (IANS) India's overall connected vehicle (CV) technology grew more than 60 per cent (on-year) in the first quarter of this year, with the electric vehicle (EV) market showing stupendous growth by 48 per cent YoY, a report showed on Tuesday.

Fitch Ratings affirms India's Long Term Foreign Currency Issuer Default Rating

Chennai (IANS) India's robust growth outlook, resilient external finances, higher gross domestic product (GDP) growth, improving financial sector and other factors enabled Fitch Ratings to affirm the country's Long Term Foreign Currency Issuer…

Bengaluru-based VC firm 3one4 Capital raises Rs 1,600 cr in new fund

Bengaluru (IANS) Bengaluru-based early stage venture capital firm, 3one4 Capital on Monday said it has closed its fourth early-stage fund (sixth fund overall) at $200 million (about Rs 1,600 crore).
The fund was vastly oversubscribed within a…

Go Airlines to evaluate legal options to attach Pratt & Whitney India assets: CEO

Chennai (IANS) The Wadia group's low cost airline Go Airlines (India) Limited will look at all legal options, including that of freezing/attaching the Indian assets of the US-based aircraft engine maker Pratt & Whitney, said a top airline official.