Credit card spending in India sees 14 pc growth at Rs 1.84 lakh cr in Jan

Mumbai (IANS) Total credit card spending in India reached Rs 1,84,100 crore (Rs 1,841 billion) in the month of January, marking a strong 14 per cent growth (year-on-year), a report showed on Tuesday.

The total credit card transaction volume…

Paytm shares plunge over 3 pc after ED issues notice over FEMA violations

New Delhi (IANS) Shares of Paytm’s parent company, One97 Communications Limited, fell over 3 per cent in early trading on Tuesday after the Enforcement Directorate (ED) issued a notice against the firm. 

The stock dropped as much as 3.26 per…

Indian API market to expand to $22 bn by 2030, at a CAGR of 8.3 pc: Report

New Delhi (IANS) India’s Active Pharmaceutical Ingredients (APIs) market is expected to expand to $22 billion by 2030, according to a report on Monday. 

The report by Praxis Global Alliance, a management consulting firm, stated that the APIs…

India’s manufacturing growth slows but stays strong in Feb: Report

New Delhi (IANS) The Indian manufacturing sector's strong start to 2025 continued in February. Despite slowing to the weakest since December 2023, rates of expansion in output, employment and sales remained elevated in the context of the long-run…

India likely to clock steady GDP growth of 6.5 pc in 2025-26: Crisil

New Delhi (IANS) India’s GDP growth is expected to be steady at 6.5 per cent in fiscal 2025-2026 with the upcoming monsoon season likely to be normal and commodity prices to remain soft. 

Private consumption is expected to recover further,…

Stock market: Important period for investors to focus on long-term opportunity

New Delhi (IANS) Despite the short-term sell-off, the combination of strong macro fundamentals, robust earnings growth, and attractive valuations makes this an important period for investors to focus on the long-term opportunity rather than the immediate…

India's growth becoming more balanced as private consumption's share in GDP rises

New Delhi (IANS) The good news is that India’s growth is becoming more balanced as private consumption’s share in GDP rose in fiscal 2025, according to a Crisil report. 

The mild revision of 10 basis points (bps) in the second advanced estimate…

$533 mn loan fraud case: US Bankruptcy Court rules against Byju's

New York (IANS) A Bankruptcy Court in the US on Friday issued a summary judgement against Riju Ravindran, Think & Learn (the parent company of Byju’s), and the hedge fund Camshaft Capital, finding them guilty of fraudulent transfer of $533 million…

Mahindra clocks 19 pc growth in SUV sales in Feb, tractor sales also up 19 pc

Mumbai (IANS) Mahindra & Mahindra on Saturday announced that its overall auto sales for the month of February stood at 83,702 vehicles, a growth of 15 per cent, including exports. 

In the ‘Utility Vehicles’ segment, Mahindra sold 50,420 SUVs…

GST collections surge 9.1 pc YoY to Rs 1.84 lakh crore in Feb

New Delhi (IANS) India’s Goods and Services Tax (GST) collections in February grew by 9.1 per cent (year-on-year), reaching approximately Rs 1.84 lakh crore, according to official data released on Saturday. 

This marks the 12th consecutive…