Ola Electric’s loss widens to Rs 564 crore in Q3, revenue drops 19 pc as stock plunges
Mumbai, Feb 7 (IANS) Bhavish Aggarwal-run Ola Electric Mobility on Friday reported a massive net loss of Rs 564 crore in the third quarter (Q3 FY25), an increase of 13.94 per cent compared to a net loss of Rs 495 crore in the previous quarter (Q2 FY25). On a year-on-year (YoY) basis, the net loss […]
Mahindra & Mahindra logs 20 pc net profit jump in Q3 on strong SUV, tractor demand
Mumbai, Feb 7 (IANS) Mahindra & Mahindra (M&M) on Friday reported a consolidated net profit of Rs 3,180.58 crore in Q3 — a 19.64 per cent increase from Rs 2,658.40 crore in the same quarter last year (Q3 FY24). The company’s strong earnings were primarily driven by strong demand for its sport utility vehicles (SUVs) […]
PhonePe Group exits Account Aggregator biz, will partner other AAs to boost financial inclusion
New Delhi, Feb 7 (IANS) Fintech major PhonePe Group on Friday announced to exit the Account Aggregator (AA) business, adding that they will instead partner with other AAs in the market. As one of India’s largest fintechs, PhonePe Group said it has always tried to build products with a deep focus on solving for financial […]
‘Make in India’ booster: Galaxy S25 series secure over 4.3 lakh pre-orders, up 20 pc
New Delhi, Feb 7 (IANS) India-manufactured flagship Galaxy S25 series of smartphones saw a record over 430,000 pre-orders in the country – 20 per cent higher as compared to Galaxy S24 series last year, the company said on Friday. Samsung is manufacturing Galaxy S25 series at its Noida factory for the consumers in the country. […]
India to become major hub for civil aviation, aircraft component manufacturing: Minister
New Delhi, Feb 7 (IANS) India is on its way to emerge not only a major hub for civil aviation but also a centre for aircraft component manufacturing, Union Minister for Civil Aviation, Ram Mohan Naidu, said on Friday. Chairing a high-level meeting to review and advance aircraft component manufacturing in the country, the minister […]
Over 284 crore Aadhaar authentications in January, 32 pc annual jump: Centre
New Delhi, Feb 7 (IANS) Aadhaar holders conducted more than 284 crore authentication transactions in January, highlighting the continued expansion of the digital economy in the country, the government said on Friday. The authentication transactions in January recorded a growth of over 32 per cent compared to the same month last year when 214.8 crore […]
BioE3 cells in all states can boost India’s Biotech revolution: Jitendra Singh
New Delhi, Feb 7 (IANS) Union Minister of State for Science and Technology Dr. Jitendra Singh on Friday urged states to establish BioE3 Cells to boost the biotechnology revolution in India and help in realising Bio-Vision for Viksit Bharat by 2047. He said this during the Centre-State Partnership Conclave on the BioE3 Policy, held at […]
India hits 100 GW solar power capacity milestone, local manufacturing surges
New Delhi, Feb 7 (IANS) In a testament to the nation’s commitment to a cleaner, greener future, India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy, the government said on Friday. As of January 31, India’s total solar capacity […]
Sensex, Nifty end lower as investors assess RBI MPC decision
Mumbai, Feb 7 (IANS) The Indian stock market on Friday closed in the red as investors continue to assess the Reserve Bank of India (RBI)’s Monetary Policy Committee decision to cut the repo rate by 25 basis points (bps). However, the central bank maintained its policy stance, keeping a neutral approach. The Monetary Policy Committee […]
Infosys lays off nearly 700 freshers from Mysuru campus, claims IT employees’ union
New Delhi, Feb 7 (IANS) IT giant Infosys has laid off nearly 700 freshers from its Mysuru campus, IT employees’ union Nascent Information Technology Employees Senate (NITES) claimed on Friday. The union claimed that the freshers were being terminated after just a few months of being onboarded to the company. Moreover, the terminated freshers are […]
