EBITDA stood at Rs 637 crore in June 2026 quarter, registering the growth of 29% as compared with Rs 496 crore in Q1 FY25.

The Indian rupee strengthened against the U.S. dollar in the final minutes of trade on Thursday as the dollar weakened, and traders cited likely dollar sales by the Reserve Bank of India.

The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.

Cash transfers are not limited to women. Farmers are another favoured group. Telangana, a southern state, began doling out stipends to farmers in 2018, worth 4,000 rupees an acre per season.

For the last financial year, the figure stood at Rs 2.09 lakh crore. Meanwhile, cash still plays a major role in everyday transactions. According to a report by CMS Info Systems, as of March 2024 ...

Despite the phasing out of Rs 2000 notes, the currency in circulation has risen from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore by the end of March 2024.