Overall 5G connections to grow to 3.2 bn in Asia-Pacific in 2025

New Delhi (IANS) 5G connections in the Asia-Pacific region, both mobile subscriber and IoT connections, will grow from 574 million in 2021 to 3.2 billion in 2025, growing at a five-year compound annual growth rate (CAGR) of 87.9 per cent, according…

India's forex reserves rose to $595.976bn during week ending May 5: RBI

New Delhi (IANS) India's foreign exchange reserves rose by $7.196 billion to $595.976 billion during the week ended May 5, data released by the Reserve Bank of India (RBI) said on Friday.

The overall reserves had fallen by $4.532 billion…

As inflation cools off, RBI Guv says 'monetary policy on right track'

Mumbai (IANS) With the latest official data indicating a cooling off in the headline inflation to 4.7 per cent in April, RBI Governor Shaktikanta Das said that it proves the monetary policy is on the right track, here on Friday.

Terming the…

Can Pixel 7a help Google improve its dismal India smartphone market share?

New Delhi (IANS) Seven years on, the Google Pixel family of smartphones have failed to impress Indian smartphone users. The company currently has a minuscule market share in a highly-competitive premium smartphone market dominated by the likes of…

Greaves Cotton logs Rs 115 cr net, declares dividend of Re 0.90 per share

Chennai (IANS) Diversified engineering company Greaves Cotton closed FY23 with a net profit of Rs 115.10 crore and has declared a dividend of Re 0.90 per share.

In a regulatory filing, the company said it had closed FY23 with a net profit of…

Retail inflation falls to 18-month low of 4.70%, to remain range-bound within 5% in May-June: ICRA

New Delhi (IANS) With retail inflation sliding to an 18-month low of 4.70 per cent in April 2023, rating agency ICRA foresees the CPI inflation to remain range-bound at 4.7-5.0 per cent in May-June 2023.

According to official data, retail inflation…

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…

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…

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…

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…