Amazon Pay on Monday said its UPI offering is witnessing widespread adoption across the country with over 100 million customers using the service.

Launched in 2019, Amazon Pay UPI has witnessed strong user preference from across big states of Maharashtra, UP, Bihar, West Bengal, Karnataka, the company said in a statement.

Walmart-backed PhonePe Group on Monday reported a consolidated net profit, excluding ESOP costs, of ₹197 crore for fiscal year 2023-24.

It had incurred a loss of ₹738 crore in the previous fiscal, according to a company statement.

Revenue in FY24 was ₹5,064 crore, 73.7% higher than ₹2,914 crore in FY23.

India has registered record solar installations of about 15 GW during the first half of 2024 as "developers raced" to complete delayed projects, a report by Mercom Capital said.

The country added 3.89 GW of solar capacity during January-June 2023, the US-based research firm said in its latest report.

The enforcement of the new mining cess by some states following the Supreme Court ruling may bring challenges for the domestic steel industry by adding to the cost pressures, according to rating agency Icra.

On August 14, the Supreme Court upheld the power of states to levy tax on mineral rights and mineral-bearing land, and allowed them to seek refund of royalty from April 1, 2005 onwards.

Gold prices on Monday jumped Rs 331 to ₹72,108 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for October delivery traded higher ₹331 or 0.46% at ₹72,108 per 10 grams in a business turnover of 16,860 lots.