New Delhi, Feb 24 (IANS) Financial disclosures filed by PhonePe indicate a marked improvement in revenue scale, profitability metrics, and cash generation over the last three fiscal years, signalling a shift in the company’s financial trajectory amid India’s evolving fintech landscape.According to the Draft Red Herring Prospectus (DRHP), PhonePe’s revenue from operations increased from ₹29,142.87 million in FY23 to ₹71,148.58 million in FY25, representing a compound annual growth rate …
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New Delhi, Feb 18 (IANS) Prime Minister Narendra Modi held a bilateral meeting with Serbia’s President Aleksandar Vucic on the sidelines of the India AI Impact Summit 2026 here on Wednesday.Ministry of External Affairs spokesperson Randhir Jaiswal said in a post on X that the two leaders met to review and advance bilateral ties.“Prime Minister Narendra Modi held a bilateral meeting with President of the Republic of Serbia, Aleksandar Vucic on the sidelines of the AI Impact Summit today,” he sa…
New Delhi, Feb 16 (IANS) Deal activity in India marked “a measured start” to 2026 as the market recorded 207 deals worth $7.2 billion in January, even as the private equity (PE) activity remained resilient, a report said on Monday.The report from Grant Thornton Bharat said India’s deal ecosystem saw moderation in activity amid the absence of large-ticket transactions with volumes and value easing 11 per cent and 60 per cent respectively on a month-on-month basis.The private equity landscape …
New Delhi, Feb 12 (IANS) Finance Minister Nirmala Sitharaman on Thursday said the Union Budget 2026-27 has come at a rare moment for India’s economy, where strong growth and low inflation are being achieved together.Speaking in the Rajya Sabha, FM Sitharaman described this phase as a ‘Goldilocks moment’ and said it was the result of sustained effort, careful planning and timely policy action, not chance.“According to the first advance estimates released by the National Statistical Office…
New Delhi, Feb 9 (IANS) Calling development partnership a “strong foundation” of New Delhi-Victoria ties, Prime Minister Narendra Modi on Monday announced a special economic package of $175 million for Seychelles to support concrete projects in various sectors like social housing, e-mobility, vocational training, health, defence and maritime security. While addressing a joint press meet with Seychelles President Patrick Herminie following their talks at Hyderabad House in Delhi, PM Modi said, “D…
New Delhi, Jan 29 (IANS) Marking a significant milestone in strengthening bilateral economic and strategic cooperation, India and the European Union (EU) have concluded negotiations on financial services in the Free Trade Agreement (FTA).Among the key achievements of Financial Services Annex, India and EU have committed to collaborate on enabling greater interoperability and interlinkages and development of electronic payment infrastructure and convenience of cross-border payments to promote rea…
Davos, Jan 19 (IANS) The Maharashtra Government secured a record-breaking $173 billion (Rs 14.5 lakh crore) in investment Memorandums of Understanding (MoUs) on its opening day of the World Economic Forum summit. This massive single-day haul nearly equals the state’s total investment collection from the entire 2025 Davos summit. The 19 MoUs signed are projected to generate more than 15 lakh jobs across various sectors. These agreements align with the state’s “Viksit Maharashtra 2047” vision an…
Ahmedabad, Jan 12 (IANS) Prime Minister Narendra Modi on Monday urged German companies to make full use of India’s talent, and further strengthen skill, innovation, and industrial linkages.Addressing the ‘India-Germany CEOs Forum’ in the presence of German Chancellor Friedrich Merz, PM Modi said that India’s talent pool is capable of advancing innovation and productivity in German industry and in recent years, especially in the high-tech sector, skill mobility has increased rapidly.“In…
New Delhi, Jan 12 (IANS) Youth hiring in India is projected to grow by 11 per cent by 2026, generating approximately 1.28 crore new jobs, according to a report on Monday.The report by NLB Services showed that IT services will account for around 30-40 per cent, manufacturing around 12 per cent, healthcare around 13 per cent, fintech around 20 per cent, logistics around 10.7 per cent, and green energy around 4 per cent of these roles.“As we mark Youth Day on the lines of ‘Ignite the Self, Impa…
Luxembourg City, Jan 6 (IANS) External Affairs Minister (EAM) S Jaishankar said on Tuesday that India and Luxembourg can collaborate much more productively in fintech, space, digital world and Artificial Intelligence (AI). In his opening remarks during his meeting with Luxembourg Deputy Prime Minister and Foreign Minister Xavier Bettel, EAM Jaishankar said that he looked forward to the talks and expressed confidence that both nations can benefit from the discussions.”I could see that we have a v…