New Delhi: A recent report from the Reserve Bank of India (RBI) highlights a significant increase in retail digital payments in India, soaring from 162 crore transactions in the financial year 2012-13 to over 16,416 crore transactions in 2023-24—an approximately 100-fold rise over the past 12 years. This growth is also reflected in the RBI’s.
New Delhi: With Indian equity benchmarks outperforming global markets, the total number of demat accounts in India surged to a record 185 million in 2024. This marks an increase of approximately 46 million accounts over the past year, averaging about 3.8 million new accounts each month. Data from NSDL and CDSL reveals that 2024 witnessed.
New Delhi: Amid ongoing controversy, Oyo has clarified its revised check-in policy for partner hotels, which prohibits unmarried couples from checking in together. The company stated that this initiative aims to ensure a safe experience for families, students, business travelers, and solo visitors. The policy, initially implemented in Meerut, requires all couples to present valid.
New Delhi: India experienced a significant surge in smartphone exports in November, surpassing the ₹20,000 crore mark for the first time in a single month. This achievement, driven primarily by Apple, represents a more than 90% increase compared to the same month last year when exports were over ₹10,600 crore. In November 2024, smartphone exports.
Mumbai: The One Station One Product (OSOP) initiative, aimed at empowering women artisans, has seen significant growth, with 1,854 outlets now operating at railway stations across India. Central Railway alone hosts 157 of these outlets, highlighting its commitment to the program. Notably, within its Bhusaval Division, there are 25 active OSOP outlets, all of which.
New Delhi: Lendingkart, a fintech company, has announced a nearly 6% decrease in its profit after tax (PAT) for FY24, totaling Rs 174.92 crore, down from Rs 185.93 crore in FY23. According to its consolidated financial statements, employee benefit expenses rose significantly by 75.7% to Rs 199 crore, while finance costs also increased by 16.8%,.
Union Finance Minister Nirmala Sitharaman emphasized that there are no barriers preventing the private sector from engaging in business in India. During a discussion with CSIS President and CEO John J Hamre in Washington, DC, she pointed out that many foreign private insurance companies are already operating in the country. She highlighted that the Indian.
Chennai’s office space market has experienced an astounding 75-fold increase, growing from 1 million sq. ft in 1999 to 76.5 million sq. ft by the first half of 2024, as reported by JLL. Over the past 25 years, the city’s real estate landscape has undergone significant transformation, primarily driven by the IT/ITES sector and the.
Mumbai: Nifty at the National Stock Exchange (NSE) touched a record new lifetime high of 25,114.05 during the trading hour on Wednesday. The sectoral stocks of IT contributed the most to the fresh lifetime high ever of Nifty. Rate cut hopes in the US and subsequent buying from foreign portfolio investors supported the market. The.
