The portal is still unavailable even though official notice says services to be restored by July 2 00:00 hours The Employees’ Provident Fund Organisation (EPFO) has temporarily suspended several online services to carry out a planned database consolidation and software upgrade aimed at improving the speed, reliability and security of its claims processing system.According to…
NEW DELHI: India’s smart TV market may have slipped into reverse in the first quarter of 2026, but the ongoing FIFA World Cup is emerging as an important catalyst for premium television sales. Brands are reporting a sharp surge in demand for larger screens, despite broader consumer caution.According to Counterpoint Research, India’s smart TV shipments…
BENGALURU: Persistent Systems’ $1.5-billion bridge financing from Barclays for its proposed acquisition of German IT firm Nagarro is the latest sign that Indian IT companies are increasingly comfortable using debt to fund transformative acquisitions. This marks a departure from the industry’s long-standing preference for cash-rich, debt-free balance sheets.The financing, backed by a corporate guarantee of…
NEW DELHI: Peak temperatures and the sweltering heat this year have delivered a windfall for consumer brands, with quick-commerce platforms driving robust growth in heat-linked categories.As temperatures climbed across the country, demand for products ranging from ice creams and beverages to sunscreens more than doubled year-on-year in May as consumers sought relief from the relentless…
NEW DELHI: Hero MotoCorp is set to invest Rs 3,200 crore in Andhra Pradesh over the next three to five years as India’s largest two-wheeler maker ramps up manufacturing, strengthens its global supply chain and expands beyond vehicle production into higher-margin businesses such as accessories and merchandising.The investment includes Rs 750 crore for the company’s…
CHENNAI: Private equity and venture capital (PE-VC) investments fell 5% year-on-year during the Jan-June period of CY2026 to $17.5 billion, compared with $18.4 billion in the corresponding period of CY2025. PE-VC investments, excluding those in the real estate sector, remained flat at $1.9 billion in June 2026, according to data released by research firm Venture…
MUMBAI: Foreign portfolio investors turned net buyers in June after months of sustained outflows, as a surge in sovereign debt inflows offset continued equity selling and pushed overall flows into positive territory.According to data, June recorded net inflows of $531 million, marking the first positive monthly print after a prolonged phase of withdrawals. This was…
NEW DELHI: India’s passenger vehicle industry ended the first quarter of FY27 on a strong footing, with most major automakers reporting healthy year-on-year growth in June, reflecting resilient consumer demand for SUVs and electric vehicles, despite supply disruptions at select manufacturers.Tata Motors Passenger Vehicles emerged as the biggest gainer among leading carmakers, reporting sales of…
MUMBAI: Average daily UPI volumes rose to 75.7 crore in June from 74.8 crore in May, up 1.2% month-on-month, while average daily value held steady at Rs 96,405 crore against Rs 96,465 crore, down 0.1%. According to National Payments Corporation of India, this stability in daily run rates came even as headline monthly numbers softened…
NEW DELHI: GST collections rose 13.9%, fastest pace in eight months, to Rs 1,94,812 crore on sharp growth in the mop-up from imports due to a spike in international prices of crude, fertiliser and other commodities.Latest data showed that in June, for transactions undertaken in May, IGST on imports shot up nearly 35% to over…
