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India's electric scooter boom: Mass market adoption spreads beyond metros
Electric scooter sales are expanding beyond big cities into smaller towns and rural India. This shift signals a mass-market phase for electric mobility. Established two-wheeler manufacturers are gaining ground. Consumer demand is rising due to fuel prices and growing EV acceptance. Reach, service, and trust are now crucial for success in this evolving market.
Bank of America to launch cross-border real-time payments service - Investing.com India
Bank of America to launch cross-border real-time payments serviceInvesting.com India
Kotak Alts raises $1 billion through 14th real estate fund
Kotak Alts has successfully raised one billion dollars for its fourteenth real estate fund. The Abu Dhabi Investment Authority anchored the fund with over six hundred seventy-five million dollars. The National Pension Service of the Republic of Korea also made its first investment in Indian alternatives. This fund will finance growth and development across Indian real estate.
India's services sector growth hits 6-month high in May
India's services sector growth touched a six-month high of 59.8 in May, boosted by healthy demand conditions, new client wins, and ongoing improvements in new business intakes, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 59.8 in May, from 58.8 in April, signalling the strongest rate of expansion since last November. The HSBC India Services PMI Business Activity Index is based on a single question asking how the level of business activity compares with the situation the month before. Strengthening demand for services such as freight, digital solutions, e-commerce, entertainment and IT reportedly boosted new business growth during May. As a result, companies lifted activity to a greater extent and continued to add to payroll numbers. Although cost pressures remained historically high across India's service economy, they receded to their lowest in four months, which supported a moderate increase in selling prices ...
India’s audio streaming apps pivot to 'hybrid' model to drive paid subscriptions
The landscape of audio streaming in India is undergoing a transformation with a dynamic hybrid model gaining traction. Services are blending free, ad-supported formats with attractive premium subscriptions to secure long-term revenue streams after several years emphasizing sheer user volume. Amazon Music stands out by introducing a three-tier structure, which includes a no-cost, ad-enabled service.
TRAI's early assessment suggests new Airtel Priority plans do not violate net neutrality norms
TRAI is diving deep into Airtel's latest Priority Postpaid plans that promise to utilize 5G network slicing for an elevated user experience. Early indications show that there's no infringement of net neutrality. Still, TRAI is on a mission to guarantee that all 5G customers enjoy consistent service levels.
India’s New Inflation Trackers: DPIIT To Launch Output And Service PPIs On June 15
According to DPIIT, the price indices will be released at 12:00 noon on June 15.
Excitel turns profitable after 10 years in a tough market
Excitel Broadband achieved its first annual net profit in FY2026. The company reported a profit of ₹40 crore on ₹530 crore revenue. This success comes from focusing on dense urban areas and state capitals. Excitel competes with larger players by offering faster speeds and better service. This marks a significant milestone for the standalone internet service provider.
Airtel’s priority plan may not be in breach of net-neutrality norms: officials
The Telecom Regulatory Authority of India (Trai) will continue to scrutinize whether the same affects the service quality for non-priority users, these officials told Mint on condition of anonymity.
Siemens Ltd sells Low Voltage and Geared motors business to Innomotics India for Rs 2,200 cr
Siemens Limited has successfully sold its Low Voltage Motors and Geared Motors business. The deal with Innomotics India Private Limited is valued at Rs 2,200 crore. This transaction includes related customer service operations. Siemens Limited is a prominent technology company. The sale was completed on January 1, 2026. This marks a significant development for the company.
Railways renews push for installing Atmospheric Water Generators
Indian Railways has renewed its push to deploy Atmospheric Water Generators (AWGs) in water-scarce areas, asking zones, production units and PSUs to identify locations where clean drinking water supply remains a challenge. AWGs generate potable water from moisture in the air and can be installed at railway stations, hospitals, staff colonies, offices, level crossings and other service areas.
One Global Service Provider standalone net profit rises 65.36% in the March 2026 quarter
Sales rise 141.27% to Rs 133.81 crore