A SpiceJet plane bound for Patna turned back to Delhi on Thursday morning after encountering mechanical problems shortly after takeoff. The Boeing 737 carrying an undisclosed number of travelers landed without incident, and passengers left the aircraft safely. The carrier provided a replacement plane to complete the journey ahead of the Chhath festival. The budget…
India’s digital payment system handled 754 million transactions worth 1.02 lakh crore rupees on Oct. 18, the busiest day on record, Finance Minister Nirmala Sitharaman said on Thursday. The three days spanning Dhanteras through Diwali averaged 736.9 million transfers compared with 647.46 million one month earlier. Tax cuts on goods and services boosted shopping activity…
Prime Minister Narendra Modi said on Thursday that the nation holds strategic advantages through its expanding industrial capacity and upgraded maritime infrastructure. The leader referenced an article by Union Minister Sarbananda Sonowal that describes an 8 billion dollar government investment to transform shipbuilding and ocean transport operations. The minister wrote that India can guide worldwide…
Vardhman Textiles recorded a net profit of 187.76 crore rupees for the July-September period, down 5 percent from 197.29 crore rupees one year earlier. The Chandigarh manufacturer saw revenue slip 1 percent to 2,480 crore rupees while operational earnings climbed 6 percent to 334 crore rupees. The company’s profit margin widened to 13.5 percent from…
State Bank of India was recognized by Global Finance as the World’s Best Consumer Bank 2025 and the Best Bank in India 2025. The New York publication presented the honors at ceremonies held alongside the World Bank and International Monetary Fund annual meetings. Commerce Minister Piyush Goyal praised the achievement and said the institution demonstrates…
Lower taxes on goods and services are cutting expenses and improving access to markets for businesses in Tripura that produce handloom fabrics, tea, silk and processed foods. Government officials announced on Thursday that traditional textiles, pineapple products, and sericulture operations are benefiting from the policy changes. More than 130,000 families working with looms benefit from…
India’s Finance Ministry said on Thursday that new banking nomination rules will take effect on Nov. 1. The Banking Laws Amendment Act of 2025 allows customers to name up to four people to receive deposit accounts, safe custody items and locker contents after death. Account holders can choose simultaneous or successive nominations for deposits, while…
Singer Tony Kakkar referenced the Paytm payments application in his new song Coca Cola 2, the financial technology company announced on Thursday. The track combines upbeat music with lyrics that reflect how mobile transactions have become routine for younger consumers purchasing coffee, cinema tickets, and beverages. The mention demonstrates how deeply the digital payment service…
South Korea plans to demonstrate its technological strength through multiple business gatherings next week as the nation prepares for the Asia-Pacific Economic Cooperation summit. The events will highlight advances in artificial intelligence and digital transformation under the banner of Korean firms expanding their global reach. More than 1,700 business leaders and executives from member nations…
South Korea’s economy expanded about 1 percent in the July-September period as shoppers increased spending and overseas sales remained robust, the Bank of Korea reported on Thursday. Consumer activity strengthened because of rising equity values and government distribution of shopping vouchers, while semiconductor shipments boosted export performance despite American tariff measures. The nation’s gross domestic…
