Business News: Economy & Markets

Maha: Terminal 1 modernisation at CSMIA to help serve additional 20 mn passengers per annum

IANS | January 28, 2025 4:54 PM

Mumbai, Jan 28 (IANS) Mumbai International Airport Limited (MIAL), operator of Chhatrapati Shivaji Maharaj International Airport (CSMIA), is set to embark on a landmark transformation with the redevelopment of Terminal 1 (T1) which will have the capability to serve 20 million passengers per annum (MPPA), up 42 per cent from its current capacity, it was announced on Tuesday.

Hyundai Motor India clocks 19 pc decline in net profit at Rs 1,161 crore in Q3

IANS | January 28, 2025 4:46 PM

New Delhi, Jan 28 (IANS) Hyundai Motor India on Tuesday reported a net profit of Rs 1,161 crore for the October-December quarter this fiscal, which represents a 19 per cent decline over the corresponding figure of Rs 1,425 crore for the same quarter of FY 2023-24.

RBI's liquidity booster to ease stress in money markets: Top brokerages

IANS | January 28, 2025 4:26 PM

New Delhi, Jan 28 (IANS) The latest Reserve Bank of India (RBI) measures worth Rs 1.5 lakh crore to inject liquidity into the banking system should ease the stress in money markets, while the start of bond purchases is also likely to drive rupee rates lower through signalling effect and expectation channel that RBI will avoid any tightening of liquidity conditions and will potentially need to do more open market operation (OMO) purchases, leading brokerages said on Tuesday.

Indian stock market bounces back, ends 2-day decline

IANS | January 28, 2025 3:57 PM

Mumbai, Jan 28 (IANS) Indian stock markets on Tuesday witnessed a positive trend with the benchmark indices gaining strong ground after two days of decline amid mixed global signals.

India Inc. pegs GDP growth at 6.5-6.9 pc for 2025-26: FICCI pre-Budget survey

IANS | January 28, 2025 3:43 PM

New Delhi, Jan 28 (IANS) India Inc. is optimistic about the growth prospects of the economy and wants the Union government’s thrust on capital expenditure (Capex) to continue in the Union Budget 2025-26, according to a survey released by apex business chamber FICCI on Tuesday.

Paytm Payments Services CEO Nakul Jain resigns, firm looking for suitable replacement

IANS | January 28, 2025 2:38 PM

Mumbai, Jan 28 (IANS) Nakul Jain, the CEO and Managing Director (MD) of Paytm Payments Services Ltd (PPSL), has resigned from his post, the company announced in a stock exchange filing.

India top priority, will boost investments in research and development centres: Samsung’s TM Roh

IANS | January 28, 2025 1:34 PM

New Delhi, Jan 28 (IANS) Global electronics giant Samsung on Tuesday said it would further boost investment in the research and development efforts in India, as domestic consumers are keen to adopt latest technologies and innovations, making the country a top priority for the company.

India's major ports record 3.2 pc rise in cargo during Dec, Deendayal Port leads

IANS | January 28, 2025 12:22 PM

New Delhi, Jan 28 (IANS) India's 12 major ports, owned by the Central government, handled 72.2 million tonnes of cargo in December, recording a 3.22 per cent growth over the same month of the previous year.

Union Budget: PMAY holds key to affordable housing for millions

IANS | January 28, 2025 12:16 PM

New Delhi, Jan 28 (IANS) The Pradhan Mantri Awas Yojana (PMAY-Urban) has made steady progress since it was announced in mid-2015 in providing affordable housing and going forward, adaptable, sustainable and low-cost construction technologies can be used to rapidly develop large mass housing projects, according to a report on Tuesday.

UPI's share in India’s digital payments surged to 83pc: RBI report

IANS | January 28, 2025 11:47 AM

Mumbai, Jan 28 (IANS) The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR (cumulative average growth rate) of 74 per cent over the last five years, according the RBI’s payment system report.

business

Maha: Terminal 1 modernisation at CSMIA to help serve additional 20 mn passengers per annum

Hyundai Motor India clocks 19 pc decline in net profit at Rs 1,161 crore in Q3

RBI's liquidity booster to ease stress in money markets: Top brokerages

Indian stock market bounces back, ends 2-day decline

India Inc. pegs GDP growth at 6.5-6.9 pc for 2025-26: FICCI pre-Budget survey

Paytm Payments Services CEO Nakul Jain resigns, firm looking for suitable replacement

India top priority, will boost investments in research and development centres: Samsung’s TM Roh

India's major ports record 3.2 pc rise in cargo during Dec, Deendayal Port leads

Union Budget: PMAY holds key to affordable housing for millions

UPI's share in India’s digital payments surged to 83pc: RBI report

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