Business News: Economy & Markets

30 years of mobile calls in India: Story of Indian telecom journey

IANS | July 29, 2025 6:27 PM

New Delhi, July 29 (IANS) Today marks the 30th anniversary of India's first cellphone call, made from Kolkata on July 29, 1995. Since then, India’s telecom sector has grown tremendously, and the country is now the world’s second-largest telecom market, with over 1.2 billion subscribers. Around 85.5 per cent of Indian households own at least one smartphone as of early 2025.

Centre launches Sanchar Saathi app in Hindi, 21 regional languages

IANS | July 29, 2025 6:19 PM

New Delhi, July 29 (IANS) Union Communications Minister Jyotiraditya M. Scindia on Tuesday launched the Sanchar Saathi mobile application in Hindi and 21 regional languages.

Unclaimed deposits with banks stood at over Rs 52,174 crore in FY24: Minister

IANS | July 29, 2025 5:46 PM

New Delhi, July 29 (IANS) The government on Tuesday revealed that unclaimed deposits with public sector banks (PSBs) and private sector banks (PVBs) rose to more than Rs 52,174 crore in three fiscals (2022-2024) -- from Rs 42,271 crore in FY23.

Asian Paints’ Q1 net profit falls 6.2 pc, revenue also down

IANS | July 29, 2025 4:18 PM

Mumbai, July 29 (IANS) Asian Paints on Tuesday announced a consolidated net profit of Rs 1,117.05 crore for the first quarter (Q1) of FY26, down 6.24 per cent year-on-year (YoY) from Rs 1,186.79 crore in the same period previous year (Q1 FY25).

Indian stock market rallies amid overall buying, Sensex jumps 446 points

IANS | July 29, 2025 4:05 PM

Mumbai, July 29 (IANS) The Indian stock market settled in green on Tuesday, breaking the multiple sessions of selling momentum following overall buying amid subdued Q1 earnings.

272 road & rail projects being implemented under Sagarmala scheme: Sonowal

IANS | July 29, 2025 4:05 PM

New Delhi, July 29 (IANS) There are 272 road and rail connectivity projects under the Sagarmala Programme that are being executed by the Ministry of Road, Transport and Highways, the Ministry of Railways, major ports, and private sector concessionaires, the Parliament was informed on Tuesday.

NSE’s Q1 net profit rises 10.3 pc sequentially, revenue falls 10.6 pc YoY

IANS | July 29, 2025 3:57 PM

Mumbai, July 29 (IANS) The National Stock Exchange (NSE) Limited on Tuesday reported a 10.3 per cent quarter-on-quarter (QoQ) increase in its net profit to Rs 2,924 crore for the June quarter (Q1 FY26), compared to Rs 2,650 crore in previous quarter (Q4 FY25).

Muthoot Finance logs highest gold loan NPAs at Rs 3,369 crore, Manappuram Finance piles up Rs 436 crore

IANS | July 29, 2025 3:53 PM

New Delhi, July 29 (IANS) The gross NPAs for gold loans extended by NBFCs in India have risen to Rs 4,470 crore as on March 31, 2025 -- from Rs 3,634 crore in the year-ago period -- while in the case of commercial banks, the corresponding figure is Rs 2,162 crore -- up from Rs 1,513 crore as on March 31, 2024, the Parliament was informed on Tuesday.

Digital payments rise 10.7 pc on POS terminals, UPI, internet banking

IANS | July 29, 2025 3:42 PM

New Delhi, July 29 (IANS) The adoption of digital payments across the country recorded a 10.7 per cent year-on-year increase (as of March 2025), according to the latest Reserve Bank of India (RBI) data.

Lenskart IPO: Promoter Sumeet Kapahi’s degree, marksheets missing, shows DRHP

IANS | July 29, 2025 2:56 PM

Mumbai, July 29 (IANS) As eyewear retailer Lenskart took its first step towards going public by filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), one unusual disclosure stood out as the company revealed that the degree certificate and marksheets of one of its promoters, Sumeet Kapahi, are not traceable.

business

30 years of mobile calls in India: Story of Indian telecom journey

Centre launches Sanchar Saathi app in Hindi, 21 regional languages

Unclaimed deposits with banks stood at over Rs 52,174 crore in FY24: Minister

Asian Paints’ Q1 net profit falls 6.2 pc, revenue also down

Indian stock market rallies amid overall buying, Sensex jumps 446 points

272 road & rail projects being implemented under Sagarmala scheme: Sonowal

NSE’s Q1 net profit rises 10.3 pc sequentially, revenue falls 10.6 pc YoY

Muthoot Finance logs highest gold loan NPAs at Rs 3,369 crore, Manappuram Finance piles up Rs 436 crore

Digital payments rise 10.7 pc on POS terminals, UPI, internet banking

Lenskart IPO: Promoter Sumeet Kapahi’s degree, marksheets missing, shows DRHP

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