Paytm logs Rs 7,990 cr revenue in FY23, becomes India's highest earning new-age firm

New Delhi (IANS) Leading payments and financial services company Paytm on Friday announced an impressive growth in its fourth quarter of FY23, ending the financial year on a high note.

In Q4 FY23, the company's revenue surged by 51 per…

India's foreign exchange reserves rise to $588.78 billion

New Delhi (IANS) India's foreign exchange reserves increased marginally by $4.53 billion to $588.78 billion during the week ending April 28, according to Reserve Bank of India data released on Friday.

As per the data, India's foreign…

India to become 50% non-cash economy in consumption in 3 years

New Delhi (IANS) India is expected to become a 50 per cent non-cash economy in consumption in the next three years, with person-to-merchant digital transactions reaching over $1.5 trillion by FY26, a report showed on Thursday.

India's household…

Tata Electronics to become a key Apple player after Wistron's iPhone plant acquisition

New Delhi (IANS) As Apple doubles down on local manufacturing in India, Taiwan-based iPhone manufacturer Wistron is reportedly winding up its operations in the country and Tata Electronics is set to take over Wistron's Karnataka factory and manufacture…

NCLT reserves order on Go First's insolvency plea, crew stranded at various locations as flights suspended

New Delhi (IANS) The National Company Law Tribunal (NCLT) on Thursday reserved its order on the cash-strapped airline Go First's plea seeking voluntary insolvency resolution proceedings.

A two-member bench headed by President, Justice Ramalingam…

While most global equity markets are rising 5-20% in 2023, India is flat

New Delhi (IANS) The Nifty, after a weak run in the last four months, bounced back in April with 4.1 per cent MoM gain, Motilal Oswal Financial Services said in a report.

Notably, the index was extremely volatile and swung around 776 points…

India's coal production rises 15% to 893 mn tonnes in 2022-23

New Delhi (IANS) India's overall coal production stood at 893.08 million tonnes in 2022-23 as compared to 778.19 in 2021-22, showing a growth of 14.78 per cent.

Government aims to enhance production to 1,012 million tonnes in the current…

CBI arrests ex-CMD of WAPCOS, his son in DA case; seizes Rs 38.38 cr

New Delhi (IANS) The Central Bureau of Investigation (CBI) on Wednesday arrested Rajinder Kumar Gupta, the former CMD of WAPCOS, and his son in a Disproportionate Assets case.

During the raid and search operations which got underway on Tuesday…

MRF rolls in a net profit of Rs 768.96cr in FY23

Chennai (IANS) Automobile tyre major MRF Ltd closed FY23 with a total income of Rs 23,261.17 crore, a consolidated net profit of Rs 768.96 crore.

The company said that last fiscal, it had earned total income of Rs 23,261.17 crore (against previous…

Assam's Numaligarh refinery keen to set up retail outlets in Myanmar

Guwahati (IANS) The state-owned Numaligarh Refinery Limited (NRL) in Assam plans to enter neighbouring Myanmar by setting up retail outlets once the situation is conducive in the trouble-torn country.

Chairman and Managing Director of NRL,…