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Jio becomes largest operator globally in terms of data traffic
Business

Jio becomes largest operator globally in terms of data traffic

Mumbai, July 18: Jio has become the largest operator globally in terms of data traffic. Jio is the largest 5G operator outside China with 130 million subscribers accounting for over 31 per cent of Jio’s wireless data traffic.Jio's total subscriber base has reached 490 million, including 130 million...
Indian economy ripe for robust growth, entering
Business

Indian economy ripe for robust growth, entering 'Goldilocks period'

New Delhi, July 20: As the stock markets reach record high amid a surge in new investments and GDP forecast to grow at 7 per cent for FY25, the Indian economy is entering a ‘Goldilocks period’ amid ideal conditions for growth and profitability, according to an ace global expert.According to Kenneth...
World Bank pledges $100 million to digitise Zambia
Business

World Bank pledges $100 million to digitise Zambia

Lusaka, July 20: The World Bank pledged $100 million to help Zambia speed up its digital infrastructure and increase access to the internet.Managing Director and World Bank Group Chief Administrative Officer Zhang Wencai said the support will come through the Digital Zambia Acceleration Project to...
India’s electricity demand may surge by eight per cent this year: IEA
Business

India’s electricity demand may surge by eight per cent this year: IEA

New Delhi, July 19: With demand for electricity in India expected to surge by a massive eight per cent this year, the world’s demand is rising at its fastest rate in years, driven by robust economic growth, intense heat waves and increasing uptake of technologies that run on electricity such as EVs...
Japan’s Toshiba group to invest Rs 500 crore to expand ops in India
Business

Japan’s Toshiba group to invest Rs 500 crore to expand ops in India

New Delhi, July 19: Japan’s Toshiba Group plans to invest another 10 billion Japanese yen (over Rs 500 crore) in India to expand its capacity for producing power transmission and distribution equipment in the country.Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) will...
Paytm share price sees positive momentum, as firm announces Q1 FY25 results
Business

Paytm share price sees positive momentum, as firm announces Q1 FY25 results

New Delhi, July 19: In a wider trend when stock prices of domestic technology majors are down by 2-2.7 per cent, One 97 Communications, the parent company that operates the brand Paytm, has seen an upward trend, after the firm announced its financial results for the first quarter of FY 2025.The...
Global Microsoft outage: Airline services affected in India, netizens say
Business

Global Microsoft outage: Airline services affected in India, netizens say 'early...

New Delhi, July 19: The ongoing global outage of the US tech giant Microsoft has affected millions of users across the world, including in India, where airlines and airport services are majorly hit. Millions of Microsoft Windows users are experiencing the "Blue Screen of Death" error that causes...
BlackSoil NBFC raises over Rs 200 crore debt in 1st half of 2024
Business

BlackSoil NBFC raises over Rs 200 crore debt in 1st half of 2024

Mumbai, July 19: Alternative credit platform BlackSoil NBFC, an arm of BlackSoil Group, on Friday, said that it raised Rs 208 crore debt in the first half of the year. Sixty per cent of this funding came from new debt investors, said the company. BlackSoil's total debt raise reached over Rs 1,570...
Consumption of natural gas rises by 7 pc in June as more Indians switch to green fuel
Business

Consumption of natural gas rises by 7 pc in June as more Indians switch to green...

New Delhi, July 18: The consumption of natural gas in India went up 7.1 per cent in June to 5,594 million metric standard cubic metres (MMSCM), this year compared to the same month last year, as more households across the country are using the fuel for cooking; the demand is also rising in the urban...
Union Budget: Electronics players seek comprehensive support for local TV manufacturing
Business

Union Budget: Electronics players seek comprehensive support for local TV...

New Delhi, July 18: Electronics manufacturers on Thursday urged the government to prioritise comprehensive support for the local manufacturing of electronics, including the television industry, on the lines of mobile devices. While mobile phone manufacturing has benefited from numerous incentives,...
Indian realty sector saw 22 deals worth $1.8 billion in April-June: Report
Business

Indian realty sector saw 22 deals worth $1.8 billion in April-June: Report

New Delhi, July 18: The Indian realty sector saw 22 deals at $1.8 billion in the April-June quarter (Q2) in FY25, an uptick in both volume and value signalling a substantial inflow of investment into the sector, a report showed on Thursday.The quarter was characterised by the dominance of commercial...
Australia
Business

Australia's unemployment rate rises to 4.1 per cent

Canberra, July 18: Australia's unemployment rate rose slightly to 4.1 per cent in June from 4 per cent in May, official labour force figures published by the Australian Bureau of Statistics (ABS) showed on Thursday. The total number of employed Australians rose by 50,200 between May and June but was...
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