Business

NEW DELHI: Ailing telecom operator Vodafone Idea on Monday said its board approved the issuance of up to 175.5 crore […]

NEW DELHI: Chinese phone giant Xiaomi is looking at a 100% transition to 5G smartphones by next year as the

NEW DELHI: The IT and electronics ministry is likely to go to the Cabinet with a new production-linked incentive scheme

India’s entertainment and media industry is set for robust growth, projected to reach ₹365,000 crore (USD 19.2 billion) by 2028, driven by digital advertising, OTT platforms, online gaming, and AI. This 8.3% annual growth surpasses the global average, fueled by a large young population, affordable data, and supportive government policies.

The Mahila Samman Savings Certificate (MSSC) scheme, launched in March 2023, offers a 7.5% interest rate to women and minor girls until March 31, 2025. Over 43 lakh accounts were opened by October 2024. Deposits range from ₹1,000 to ₹2 lakh for a two-year term.

A LocalCircles report revealed 66% of Indian businesses admitted to paying bribes in the last year. 54% felt coerced, while 46% bribed voluntarily for faster processing. Despite digitization, bribery persists, particularly with government agencies, impacting areas like supplier qualifications and payments. However, both frequency and value of bribes reportedly decreased.

Retail vehicle sales saw an 11.21% rise in November 2024, driven by a 15.8% surge in two-wheeler demand. However, passenger vehicle sales dropped 13.72% due to weak market sentiment and limited new launches. Commercial vehicle sales also declined by 6.08%. Despite a mixed outlook for December, the overall sentiment remains cautiously optimistic due to a positive macroeconomic environment.

ICICI Bank has scheduled RTGS maintenance on December 14, 2024, and on December 15, 2024, delaying incoming and outgoing transactions. Customers can still use NEFT, IMPS, and UPI during this time.

Bank fixed deposit rates are expected to remain stable through FY25 due to sufficient liquidity from reduced credit expansion and a recent CRR cut. While a downward trend is possible, actual rate reductions are contingent on the RBI lowering its repo rate.

Flipkart, India’s leading e-commerce company, is preparing for a landmark IPO within the next 12-15 months. The Walmart-owned company, valued at $36 billion, aims to list in India after shifting its registration from Singapore.