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Audi India sells 2,128 units in Jan-June, positive on growth in 2nd half of 2025

Audi India sells 2,128 units in Jan-June, positive on growth in 2nd half of 2025

German luxury car manufacturer Audi on Tuesday announced the sale of 2,128 units in India in the January-June period this year.

According to the automaker, ‘Audi Approved: plus’, the pre-owned car business, showed resilience with steady performance and grew by 10 per cent in the January-June period (H1 2025).

The brand currently has 26 pre-owned car facilities and will be adding more facilities this year.

“While H1 2025 presented unique market challenges, we have used this period to strengthen our foundation for sustainable growth. By prioritising a luxury-first approach and delivering exceptional customer experiences, we continue to reinforce brand loyalty,” said Balbir Singh Dhillon, Head of Audi India.

Digital India has become a people’s movement: Nirmala Sitharaman

Digital India has become a people’s movement: Nirmala Sitharaman

Digital India has not remained a mere government programme but has also become a people’s movement, Finance Minister Nirmala Sitharaman said on Tuesday.

In a post on X, she said 'Digital India' is central to building an 'Aatmanirbhar Bharat', and to making India a trusted innovation partner to the world.

“From bringing internet access to remote corners of the country to making government services available online, the 'Digital India' initiative of Prime Minister Narendra Modi led-government has truly bridged the digital divide across the nation,” the Finance Minister wrote as the ‘Digital India’ mission completed 10 successful years.

“Scan. Pay. Done. India’s UPI revolution powers nearly half of the world’s real-time digital transactions,” she further stated.

According to Commerce Minister Piyush Goyal, with initiatives like UPI, DBT, GeM, ONDC, SVAMITVA, and many more, the nation is moving from digital governance to global digital leadership.

India's cement demand to rise 6-7 pc in FY26 led by infrastructure push: Report

India's cement demand to rise 6-7 pc in FY26 led by infrastructure push: Report

Cement volumes in India are expected to grow by 6-7 per cent year-on-year (YoY) in FY2026, reaching around 480-485 million metric tonnes (MT), a new report said on Monday.

This growth is expected to be driven by continued demand from the housing and infrastructure sectors, according to ICRA's latest report.

In FY2025, the industry recorded a volume growth of 6.3 per cent, reaching 453 million MT.

The outlook for FY2026 remains strong as both government-led infrastructure projects and private housing construction continue to create steady demand for cement.

Mumbai records best half-yearly performance with 75,982 property registrations

Mumbai records best half-yearly performance with 75,982 property registrations

Mumbai city (under BMC jurisdiction) registered 75,982 property sales in the January-June period (H1 2025), marking a 5 per cent (on-year) increase, according to a report on Monday.

Revenue from these registrations rose by 15 per cent (on-year) to Rs 6,727 crore, with both metrics recording their strongest half-yearly performance since 2013, said the report by Knight Frank India.

The month of June recorded registration of 11,521 properties, denoting a moderation of 1 per cent, while revenue from these registrations totalled Rs 1,031 crores, reflecting a 2 per cent rise versus the same month last year. Registrations were primarily residential with 80 per cent registrations in the segment.

Adani Green surpasses 15,000 MW of RE capacity to drive India's green resurgence

Adani Green surpasses 15,000 MW of RE capacity to drive India's green resurgence

Adani Green Energy Limited (AGEL) on Monday said it has achieved a significant milestone by surpassing 15,000 megawatts (MW) of operational capacity, specifically reaching 15,539.9 MW.

The accomplishment marks the fastest and largest capacity addition in India to date.

The operational portfolio includes 11,005.5 MW of solar, 1,977.8 MW of wind, and 2,556.6 MW of wind-solar hybrid capacity, said India's largest renewable energy company.

“Delighted to share that Adani Green has surpassed 15,000 MW of renewable energy capacity, marking the largest and fastest green energy build-out in India's history,” said Gautam Adani, Chairman of the Adani Group.

Broadband subscribers in India up 3.37 pc at 974.87 million in May

Broadband subscribers in India up 3.37 pc at 974.87 million in May

The total number of broadband subscribers increased from 943.09 million at the end of April to 974.87 million at May-end with a monthly growth rate of 3.37 per cent, the TRAI data showed on Friday.

In the month of May, 14.03 million subscribers submitted their requests for mobile number portability (MNP). The number of active wireless (mobile) subscribers in May 2025 was 1,080.06 million.

Total wireless (mobile + 5G FWA) subscribers increased from 1,166.43 million at the end of April 2025 to 1,168.42 million at the end of May 2025, thereby registering a monthly growth rate of 0.17 per cent.

Total wireless subscription in urban areas increased from 633.29 million on April 30, 2025 to 634.91 million on May 31, 2025.

Adani becomes India’s fastest-growing brand with focus on infra, green energy

Adani becomes India’s fastest-growing brand with focus on infra, green energy

The Adani Group has emerged as the fastest-growing Indian brand this year, with its brand value up by 82 per cent, according to a new report.

The Group’s growth is attributed to aggressive and integrated infrastructure focus, surge in green energy ambitions, and increased brand equity across key stakeholders, said the ‘Most Valuable Indian Brands 2025’ report by London-based Brand Finance.

PhonePe partners with HDFC bank to launch co-branded credit card

PhonePe partners with HDFC bank to launch co-branded credit card

PhonePe and HDFC Bank announced the launch of co-branded credit card, marking the digital payments and financial services company’s foray into the co-branded card segment.

The PhonePe HDFC bank co-branded RuPay credit card is designed to meet the evolving financial needs of Indian consumers. It also offers benefits on UPI spending especially on the PhonePe platform.

"We are excited about our first co-branded credit card launch in partnership with HDFC Bank. This launch underscores our commitment to providing innovative financial solutions to our wide set of user base. This card is positioned to offer PhonePe customers value on their regular spends, by giving them 10 per cent reward points across select categories like bill payments, recharges, and travel bookings,” said Sonika Chandra, Chief Business Officer, Consumer Payments at PhonePe.

IPO-bound Rajputana Stainless’ revenue drops nearly 4 pc to Rs 909.8 crore in FY24

IPO-bound Rajputana Stainless’ revenue drops nearly 4 pc to Rs 909.8 crore in FY24

Rajputana Stainless Limited which filed paper for an IPO comprising 2.09 crore equity shares through a book-building process has reported a decline of approximately 3.99 per cent in revenue in FY24.

The company’s revenue from operations stood at Rs 909.8 crore in FY24, down from Rs 947.67 crore in FY23, according to its Draft Red Herring Prospectus (DRHP).

Total income also slipped by around 3.7 per cent to Rs 915.5 crore in FY24, compared to Rs 950.69 crore in the previous financial year (FY23).

Despite the dip in top-line figures, the company managed to cut down on overall expenses.

DIIs invest Rs 3.5 lakh crore in Indian stock market in first half of 2025

DIIs invest Rs 3.5 lakh crore in Indian stock market in first half of 2025

Domestic institutional investors (DIIs) have remained bullish on the Indian stock market through the first half of 2025, pouring in over Rs 3.5 lakh crore despite global uncertainties and market fluctuations.

According to data from the National Stock Exchange (NSE), DIIs invested a total of Rs 3,54,861.75 crore in Indian equities between January 1 and June 25 this year.

Remarkably, domestic institutions maintained consistent inflows throughout each month of the period.

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