Indian startups raise $12.2 bn, surpass 2023 figure with 2 months to go

New Delhi (IANS) The Indian startup ecosystem has reached $12.2 billion in funding in the first 10 months this year, crossing the total amount raised throughout 2023 (about $11 billion), with two months to go.  

Homegrown startups surpassed…

UPI sets new record with 16.58 billion transactions worth Rs 23.5 lakh crore in Oct

New Delhi (IANS) The Unified Payments Interface (UPI)-based digital transactions continued to surge and in the month of October, the country saw 16.58 billion transactions worth Rs 23.5 lakh crore, the highest numbers since the UPI became operational…

Maruti Suzuki India clocks highest-ever exports in Oct, Tata Motors' sales flat

New Delhi/Mumbai (IANS) Maruti Suzuki India on Friday said it sold a total of 206,434 units in the month of October, which is its highest-ever monthly sales volume. The company also clocked highest-ever exports in the month. 

The country’s…

Tata, JSW groups to invest over $30 billion in EV sector amid govt’s push: Report

New Delhi (IANS) The Indian government continues to push for higher EV production in the country and for greater localisation of supply chains, which will be key to help the country reach the target of 30 per cent EV penetration by 2030, according…

Indian stock market opens in red; selling seen in PSU bank, pharma sectors

Mumbai (IANS) The Indian stock market opened in red for the second consecutive day on Wednesday as selling was seen in PSU bank and pharma sectors in early trade.

Sensex was trading at 80,057.15 after falling 311.88 points or 0.39 per cent.…

India's core industries see 2 pc growth in September as coal, cement lead

New Delhi (IANS) India's core industries saw a growth of 2 per cent in September compared to the same month last year, riding on the growth in the production of cement, refinery products, coal, fertilisers, and steel. 

The cumulative growth…

India's fiscal deficit narrows to 29.4 pc of FY25 target in April-Sep

New Delhi (IANS) India’s fiscal deficit for the April-September period stood at Rs 4.75 lakh crore, or about 29.4 per cent of the estimate, for the current fiscal (FY25), government data showed on Wednesday. 

According to the data, net tax…

Indian real estate developers secure Rs 12,801 crore via QIP route in Jan-Sep period

Mumbai (IANS) Real estate developers in India raised Rs 12,801 crore via qualified institutional placements (QIPs) in the first nine months this year, which is over 17 per cent of the total QIP issuance across sectors at Rs 75,923 crore, a report…

Adani Power logs 20 pc growth in continuing revenue at Rs 28,517 cr in H1 FY25

Ahmedabad (IANS) Adani Power on Monday reported 20 per cent growth (year-on-year) in continuing revenue at Rs 28,517 crore in the first half of this fiscal (HI FY25) and 10.8 per cent growth to Rs 13,465 crore in Q2 FY25. 

Continuing profit…

FPI selling in equity crosses Rs 1 lakh crore, Indian market remains resilient

Mumbai (IANS) The cumulative foreign portfolio investor (FPI) selling in equity through the Indian stock exchanges stood at Rs 102,931 crore (till October 24), as the market remained resilient.

Last week, FPIs pulled out Rs 20,024 crore from…