Digital payments record double-digit jump year-on-year: RBI

Mumbai (IANS) Digital payments across India recorded a double-digit jump of 11.1 per cent year-on-year (YoY) as on September 2024, according to the Reserve Bank of India's (RBI) index that measures the adoption of online transactions, according…

Inclusion of Indian govt bonds in Bloomberg EM Index from Jan 31 to boost foreign fund inflows

New Delhi (IANS) The inclusion of Indian government bonds in the Bloomberg EM (Emerging Market) Index on January 31 will get further foreign fund inflows from global funds and make it stronger globally, market experts said on Thursday. 

India’s…

Honda aims to capture 40 pc of global bike market as India sales fuel growth

New Delhi (IANS) Honda Motor Company has announced that for the current fiscal year ending March 31, its global motorcycle unit sales are expected to reach 20.2 million units, which is approximately a 40 per cent share of its global sales. 

The…

Adani Power logs 7.4 pc net profit growth in Q3, revenue up 11 pc

Ahmedabad (IANS) Adani Power on Wednesday reported 7.4 per cent growth in net profit at Rs 2,940 crore in Q3 FY25, compared to Rs 2,738 crore in the same period last fiscal (FY24). 

Consolidated EBITDA for Q3 FY25 was higher by 23 per cent…

Cabinet gives approval for launch of Rs 34,300 crore National Critical Mineral Mission

New Delhi (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the launch of the National Critical Mineral Mission with an outlay of Rs 16,300 crore and expected investment of Rs 18,000 crore by public sector undertakings…

UPI's share in India’s digital payments surged to 83pc: RBI report

Mumbai (IANS) The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR (cumulative average growth rate) of 74 per cent over the last…

Hyundai Motor India clocks 19 pc decline in net profit at Rs 1,161 crore in Q3

New Delhi (IANS) Hyundai Motor India on Tuesday reported a net profit of Rs 1,161 crore for the October-December quarter this fiscal, which represents a 19 per cent decline over the corresponding figure of Rs 1,425 crore for the same quarter of FY…

Investment announcements in India reach Rs 32.01 lakh crore in 9 months this fiscal

New Delhi (IANS) The total investment announcements stood at Rs 32.01 lakh crore in the nine months this fiscal (FY25), marking a 39 per cent increase from Rs 23 lakh crore in the same period last fiscal, reflecting a positive investment outlook,…

Indian Oil’s net profit crosses Rs 2,873 crore in Oct-Dec quarter

New Delhi (IANS) Indian Oil Corporation (IOC) on Monday announced a net profit of Rs 2,873.53 crore for the October-December quarter of the current financial year, which represents a sharp recovery from the mere Rs 180 crore net profit recorded by…

EVs likely to hit 30-35 pc of annual vehicle sales in India by FY30

New Delhi (IANS) The electric vehicle (EV) revolution is in full throttle and EVs could hit 30-35 per cent of annual vehicle sales in India by FY30, though internal combustion engine (ICE) vehicles will still dominate the roads, co-existing with EVs…