FY23

The Reserve Bank of India’s (RBI) board on Friday approved a surplus transfer of 874.16 billion rupees ($10.69 billion) to the government for the fiscal year ended March 31, less than the market estimate of at least 1 trillion rupees. The…

The e-tailing market in India reached $60 billion in gross merchandise value (GMV) in FY23 registering a 22% steady growth, suggests a report from Redseer Strategy Consultants.With 210 million annual shoppers, ads monetisation contributed…

The board of the Reserve Bank of India has approved Rs 87,416 crore of surplus transfer to the government for the financial year 2022-23 –while deciding to keep the contingency risk buffer at 6%. The surplus is almost three times…

India’s imports of electronic goods such as laptops, personal computers (PCs), integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI. The fall in imports is notable in…

India's imports of electronic goods such as laptops, personal computers (PCs), integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI. The fall in…

Ratan Tata-backed discount broking company Upstox achieved break-even in FY2022-23 with the overall revenue crossing Rs 1,000 crore, a top official has said. The company, which also counts Tiger Global among its external investors, is…

Hospitality technology platform Oyo on Wednesday said it has witnessed over 150 per cent growth in travel agency enrollment in the financial year ended March 31. The company attributed the growth to the travel resurgence in India over the…

Government-backed Open Network for Digital Commerce (ONDC) is set for rough weather ahead as the platform faces roadblocks while scaling. This and more in ETtech’s Morning Dispatch.Also in this letter:■ India key market for Meta: Sandhya…

With more farmers, traders and farmers producers organisations (FPOS) starting to use the electronic National Agriculture Market (e-NAM), which digitally integrates wholesale markets, the turnover of the e-NAM trade rose by 32% to Rs 74,656…

In an indication that the labour market is now recovering post the pandemic as economic activities have gained momentum, the number of people who availed employment under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)…