Indian telcos poised to rake in higher revenue as rural data usage surges

New Delhi (IANS) Increasing internet adoption and data consumption by rural subscribers are emerging as structural drivers for growth in average revenue per user (ARPU) of Indian telecom companies and to capitalise on the trend, telcos are strengthening…

Centre approves reopening of 32 airports as tensions ease on India-Pakistan border

New Delhi (IANS) The Centre on Monday issued the NOTAM (Notice to Airmen) to reopen the 32 airports that had been shut down since May 9 due to the cross-border drone and missile attacks following heightened tensions between India and Pakistan in the…

32 airports shut till May 15 as tensions escalate between India-Pakistan

New Delhi (IANS) The Airports Authority of India (AAI) and relevant aviation authorities have issued a series of Notices to Airmen (NOTAMs), announcing the temporary closure of 32 airports across northern and western India for all civil flight operations,…

Midcap rallies 3.94 pc, Smallcap gains 1.69 pc as Indian markets post strong April returns

Mumbai (IANS) The Indian equity markets ended the month of April on a strong note, with the Nifty Midcap index emerging as the top performer, registering a gain of 3.94 per cent, followed by a 1.69 per cent rise in the Nifty Smallcap index, a new…

India’s retail sector surges with 169 pc growth in Q1 2025: Report

Mumbai (IANS) The Indian retail sector witnessed 169 per cent growth (year-on-year) in the January-March quarter, as strong momentum in new retail store openings continued to play out in major metropolitan cities, a report said on Friday. 

On…

SBI to sell 13.19 pc stake in Yes Bank to Japan’s SMBC for Rs 8,889 crore

Mumbai (IANS) India’s largest lender, State Bank of India (SBI), announced on Friday that it will sell a 13.19 per cent stake in private lender Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 8,889 crore. 

The move is…

IndusInd Bank’s long-term debt instruments put under negative watch: Crisil

Mumbai (IANS) Global credit rating agency Crisil has placed IndusInd Bank’s long-term debt instruments on ‘Rating Watch with Negative Implications.’ 

This includes Rs 4,000 crore worth of tier II bonds and Rs 1,500 crore of infrastructure bonds.

India pharma market sees 7.8 pc revenue growth in April: Report

New Delhi (IANS) India’s pharmaceutical market (IPM) continues its growth in April with 7.8 per cent year-on-year (yoy) in revenue, according to a report on Thursday. 

The report, by rating agency India Ratings and Research (Ind-Ra), showed…

Indian carriers issue fresh travel advisories, cancel more flights till May 10

New Delhi (IANS) Domestic carriers issued fresh advisories for air travellers on Wednesday as they cancelled more flights till May 10 following a notification from aviation authorities, asking passengers to check their flight status before heading…

India’s services sector grows steadily in April, composite PMI hits 8-month high

New Delhi (IANS) India’s services sector continued to grow in April, with the Services Purchasing Managers' Index (PMI) rising slightly to 58.7 from 58.5 in March, an HSBC report said on Tuesday. 

A PMI reading above 50 indicates expansion,…