Business News Highlights: Market Settles Lower, Sensex Closes Over 100 Points Down, Nifty At 22,210
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PhonePe Facilitates UPI Payments For Indian Users In Sri Lanka
PhonePe announced on Wednesday that it is entering a partnership with LankaPay to help its users pay using UPI across Sri Lanka. The firm said that its app will allow users visiting Sri Lanka to complete payments using UPI across LankaPay QR merchants.
Unemployment Rate In Jan-March Slips To 6.7 Per Cent In Urban Areas: NSSO
The unemployment rate in India for individuals aged 15 years and above in the urban areas fell to 6.7 per cent in the January-March period in the year, against 6.8 per cent in the same quarter a year earlier, the 22nd Periodic Labour Force Survey (PLFS) by the National Sample Survey Office (NSSO) said. The unemployment rate stood at 6.6 per cent in April-June and July-September quarter in the 2023-24 fiscal year (FY24).
Keystone Realtors Q4: Net Profit Plunges 60 Per Cent
Keystone Realtors Ltd on Wednesday reported a 60 per cent slump in consolidated net profit at Rs 30.68 crore in the March quarter in the 2023-24 fiscal year (FY24), against a net profit of Rs 76.59 crore in the same period a year earlier. The overall income of the realty firm climbed to Rs 826.15 crore in Q4FY24, against Rs 357.63 crore in the corresponding quarter last year.
Eeki To Invest Rs 700 Crore For Expansion Purposes
Agritech startup Eeki announced on Wednesday that it plans to invest Rs 700 crore in the next two years to expand operations and increase its presence in the domestic and global markets. The firm said it plans to enhance its footprint from Rajasthan and Haryana to Madhya Pradesh, Maharashtra, Tamil Nadu, and Oman.
COGOS Names New Co-Founder, CTO
Start-up COGOS on Wednesday named Katta Prasad as the new Co-Founder and promoted Goutham BV as the CTO of the firm.
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