NEW DELHI: The Bharatiya Janata Party (BJP) accounted for more than 91 per cent of all donations declared by national parties in 2024-25, as overall political funding above Rs 20,000 shot up 161 per cent from the previous fiscal, according to a report by the Association for Democratic Reforms (ADR).The report, released on Thursday, said…
BENGALURU: Uber’s India business posted total sales of Rs 3,849.2 crore in FY25, up 2.3% y-o-y, reflecting a sharp slowdown in growth even as losses widened significantly, according to consolidated financials accessed via Tofler.Operating loss surged to Rs 1,052.3 crore from Rs 84.8 crore in FY24, with operating margin deteriorating to -27.3% from -2.2%. Net…
India’s pharmaceutical exports rose 9.4 per cent in 2024–25 to $30.47 billion, with the industry targeting double-digit growth in 2026–27 amid efforts to expand global market access, the commerce ministry said on Saturday, PTI reported. Issues related to pharmaceutical exports were discussed during a Chintan Shivir held in Ahmedabad between government officials and industry representatives,…
India’s telecom operators together owed more than Rs 1.77 lakh crore in adjusted gross revenue (AGR) dues to the government up to FY25, with Vodafone Idea accounting for the largest share, according to official data shared with Parliament, PTI reported.The data showed that debt-laden Vodafone Idea’s total liability stands at Rs 89,952 crore. Bharti Group’s…
NEW DELHI: Credit rating agency ICRA has projected a sharp rise in India aviation industry’s losses to Rs 17,000-18,000 crore in FY2026, compared to Rs 5,600 crore in FY2025, due to multiple factors like slowing domestic traffic growth, increase in jet fuel prices and the depreciating rupee. Additionally, 133 aircraft of Indian carriers — representing…
Parle Products reported steady growth in revenue in FY25, even as profitability came under pressure, highlighting the intense competition and changing dynamics of India’s biscuit and confectionery market. The unlisted FMCG major recorded an 8.5 per cent rise in operational revenue to Rs 15,568.49 crore in the financial year ended March 31, 2025, according to…
The number of ATMs in the country declined as people shifted digital payments. The e-payments network reduced customers’ need for cash withdrawals, even as bank branches continued to expand, a Reserve Bank of India (RBI) report said.Private banks led the contraction, cutting their ATM network to 77,117 from 79,884, while public sector banks reduced their…
NEW DELHI: Parle Agro, which owns popular beverage brands such as Frooti, Appy, SMOODH and Bailley, has recorded a multi-fold growth in its consolidated net profit at Rs 115.38 crore in FY25, while revenue rose 5 per cent to Rs 3,284.13 crore. Its total income, which includes other income, was at Rs 3,370.14 crore, up…
India’s general government capital expenditure (capex) is expected to stay close to 5% of GDP in FY26, slightly below 5.1% recorded in FY25 and well under the FY24 peak of 5.4%, according to Emkay Research.The report, cited by ANI showed that for the first five months of this fiscal, public capital expenditure has remained strong….
The Small Industries Development Bank of India (Sidbi) on Monday reported a 19.5% rise in its net profit, touching an all-time high of Rs 4,811 crore for FY25 against Rs 4,026 crore a year earlier.Sidbi said its balance sheet crossed Rs 5.6 lakh crore during the year, with total assets growing 8.7% to Rs 5,68,238…