Sunday, February 5, 2023

YoY

UPI hits record high in April

India’s flagship digital payment platform, Unified Payments Interface (UPI), has started the current financial year (FY23) on a positive note, with 5.58 billon transactions amounting to Rs 9.83 trillion processed in April. This is a record high for the...

Re-opening of offices, institutions to boost two-wheeler sales

Re-opening of offices as well as educational institutions is expected to give a boost to two-wheeler sales volume on a sequential basis. Accordingly, the sequential improvement is expected to sustain in February 2022, supported by a gradual easing of...

India’s power demand expected to rise by 8-10 per cent in FY22

India’s electricity demand is now expected to rise in the range of 8-10 per cent during FY22, said HDFC Securities.The brokerage house had earlier predicted a 12 per cent rise in power demand in FY22.Accordingly, the downward revision of...