The Department of Posts has set a target to achieve 30 per cent growth in revenue to Rs 17,546 crore in the current financial year ending March 31, 2026, Union Communications Minister Jyotiraditya Scindia said on Thursday.
The minister, after the third quarterly review of the Department of Posts (DoP) said out of six verticals, five posted growth in revenue, while International Mail remained static due to restrictions imposed by the US government.
"This year, 2025-2026, we have a target of Rs 17,546 crore, which means we are targeting a 30 per cent increase in revenues in one fiscal alone from Rs 13,240 crore in FY25," Scindia said.
He said that the run rate of 2023-2024 of Rs 12,800 crore rose to Rs 13,240 crore in fiscal year 2024-25, an increase of only 3 per cent.
"Therefore, the growth rate compared to 2023-2024 to 2024-25, which is only a minuscule 3 per cent, we intend to increase it by 10 times to 30 per cent in FY26," Scindia said.
The minister said that the department is

Jyotiraditya Scindia

The minister, after the third quarterly review of the Department of Posts (DoP) said out of six verticals, five posted growth in revenue

Press Trust of India

Fujiyama Power Systems on Thursday announced commissioning of a 1 gigawatt capacity solar cell plant at Dadri, Uttar Pradesh to strengthen its in-house manufacturing capabilities.
The manufacturing facility has been completed with a total investment of Rs 300 crore, funded through a combination of internal accruals and debt, the company said in a statement.
Solar cell is a key component used to produce solar panels. The government is encouraging solar players to set up cell manufacturing capacities to reduce import dependence.
The company currently operates with a total 1.6 GW of solar panel manufacturing capacity, of which 1.2 GW is located at Dadri.
Fujiyama said the newly added 1 GW solar cell capacity will be utilized entirely for captive consumption.
"Our solar cell manufacturing facility represents a significant step in strengthening manufacturing integration. By bringing solar cell production in-house, we are improving visibility and control across the value chain, reducing

Solar cell

The company currently operates with a total 1.6 GW of solar panel manufacturing capacity, of which 1.2 GW is located at Dadri

India's three major South Indian cities, Bengaluru, Hyderabad and Chennai, together saw a 15 per cent increase in housing sales last year, to over 1.33 lakh units, driven by better supply and strong demand, according to PropTiger.
Real estate consultant PropTiger, which was acquired last year by the Mumbai-based listed entity Aurum PropTech, on Thursday released data on primary housing markets (first sale) for eight major cities.
As per the data, the total housing sales across eight major cities declined 12 per cent to 3,86,365 units in the 2025 calendar year from 4,36,992 units in the preceding year.
Sales of residential properties declined in the Mumbai region, Delhi-NCR, Pune, and Ahmedabad, but increased in Bengaluru, Hyderabad, Chennai, and Kolkata.
Onkar Shetye, Executive Director of Aurum PropTech, said, "2025 was not a year of demand destruction, but one of recalibration. Buyers remained active but more deliberate, while developers responded with disciplined supply manageme

Housing

Sales of residential properties declined in the Mumbai region, Delhi-NCR, Pune, and Ahmedabad, but increased in Bengaluru, Hyderabad, Chennai, and Kolkata

Industry body Nasscom hopes that the Union Budget will extend Employee Stock Option Plan (ESOP) tax deferment to more startups and bring suitable clarifications to address concerns around the tax treatment of foreign cloud use of Indian data centres.
The association - whose members include IT companies and tech players across-the-spectrum, of varying size and scale - wants the Budget to clarify that procuring hosting or co-location services from an Indian data centre operator would not create a business connection or permanent establishment for the foreign cloud service provider, as the arm's length payments to the Indian player fully cover India-based functions.
ESOP tax deferral for more start-ups is another proposal highlighted by Nasscom in its Budget push, as is the extension of the carry-forward and set-off of accumulated losses and unabsorbed depreciation benefits in case of amalgamation or merger to all companies (irrespective of their business nature).
Other suggestions ...

Nasscom

Nasscom also observed that India's data centre sector drives digital and AI growth, offering hosting services to global cloud providers on arm's-length terms

Travel from India to the US is witnessing sustained and robust growth, with India emerging as the second-largest overseas source market for the US, Brand USA president and CEO Fred Dixon said.
Dixon was in Bengaluru as part of his visit to India for the 12th edition of Brand USA Travel Week.
He noted that the growth underscores the increasing sophistication and spending power of Indian travellers, as well as their growing appetite to explore destinations beyond traditional US gateways.
"We're thrilled that travel to the United States from India continues to grow at a really incredible pace. We're up 40 per cent in terms of visitation volume since before the pandemic, since 2019," Dixon told PTI.
He added that 2025 marked the second consecutive year of strong recovery, with more than two million Indian visitors travelling to the US.
"We just finished the second year, 2025, with more than two million Indian visitors to the United States, which has now made India the second-largest .

holiday travel health tips

While New York, California and Florida continue to be the most popular destinations for Indian travellers, Dixon said repeat visitors are increasingly venturing deeper into the country

SWELECT Energy Systems Ltd on Wednesday unveiled a new brand logo and the tagline 'Powering the World Responsibly' as it seeks to strengthen its presence in solar, energy storage, and integrated energy solutions, a company official said.
The Chennai-based company also announced the launch of its NUMERGY product portfolio, a comprehensive range of Battery Energy Storage Systems (BESS) designed to meet the growing demand for reliable power across residential and commercial applications.
In a press release, SWELECT Energy Systems Ltd founder and vice chairman R Chellappan said, "Our new identity reflects how far we have come and where we are headed. From building dependable power solutions under Numeric to focusing on clean energy through SWELECT, our core values remain the same-reliability, responsibility, and trust."
The new logo and tagline signal a clear strategic direction as the company expands its presence in solar, energy storage, and integrated energy solutions, the release ..

Swelect Energy Systems

The new logo and tagline signal a clear strategic direction as the company expands its presence in solar, energy storage, and integrated energy solutions

Overall, at least 126 land deals involving over 3,772 acres were sealed across the country in 2025, compared with 133 deals spanning 2,514 acres in 2024

Business Standard

ACEA urges full tariff removal on auto parts, cautions against licences and residual duties as India and EU eye announcing deal at January 27 summit

India-EU FTA, Free trade, European Union, India trade policy

Formula tweak under discussion to set lenient targets for vehicles weighing less than 1,229 kg

small cars, auto sector

Electric motorcycle maker MATTER Motor Works plans to invest USD 100 million dollars (nearly Rs 915 crore) in the next three years, as it plans to roll out four bikes besides entering the electric scooter segment, its Founder and Group CEO Mohal Lalbhai said on Wednesday.
The company is targeting annual sales of 3 lakh units by 2029, while it looks to start exports to overseas markets by 2027, Lalbhai told PTI.
"We are talking about four different classes of products. There will be variants underneath, but it will be four motorcycles and one scooter," he said when asked about the company's product rollout plans.
Elaborating further, Lalbhai said, "We started off with a 175 to 200 cc equivalent (electric bike). We are going to be bringing in a 150 cc (equivalent) in 2026, then bringing in a 125 cc product in 2027, creating different form factors of the 150 cc and the 200 cc over 2028 and 2029."
Then, towards 2029, he said, "We are looking at introducing a scooter once our entire ...

MATTER Motor Works

The company, which showcased its AI-Defined vehicles (AIDV) platform at its Technology Day 3.0, here, said its future products will be built on a common AI-defined hardware, software and data backbone

Lamborghini delivered a record 10,747 vehicles globally in 2025, crossing the 10,000 mark for the first time, though sales in India slipped marginally amid uneven market conditions

Lamborghini

TNC Rajagopalan answers SME queries related to GST, export and import matters

export

Union Minister H D Kumaraswamy unveiled third round of speciality steel PLI scheme with relaxed thresholds, updated pricing benchmarks, and wider MSME participation to boost steel manufacturing

H D Kumaraswamy (Photo: X/@hd_kumaraswamy)

Base year revised, thresholds relaxed to reflect current market trends

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

trade

UK fintech Tide will invest 500 million euros (₹6,000 crore) in India over five years from 2026, creating 800 jobs as it deepens its commitment to the country's fast-growing SME sector

investment

UFBU said nearly eight lakh bank employees and officers will observe a one-day nationwide strike as government approval for declaring all Saturdays bank holidays remains pending

Banks

800,000 employees to observe one-day protest, want all Saturdays to be made bank holidays

Bank of Maharashtra officers' union has urged Centre to amend Section 17 and Rule 3 to exclude leased accommodation and concessional staff loans from perquisite taxation or align valuation with norms

Union Budget, Nirmala Sitharaman, Fiscal consolidation

Bank of Maharashtra union urges Centre to amend rules to exclude leased accommodation and concessional staff loans from taxation

Reserve Bank Governor Sanjay Malhotra on Monday emphasised the importance of maintaining high standards of governance and diligent oversight over asset quality during his meeting with top officials of select Urban Cooperative Banks (UCBs).
As part of the Reserve Bank of India's continued engagement with regulated entities, the Governor held a meeting with the Chairpersons and Managing Directors & Chief Executive Officers (MDs & CEOs) of select UCBs.
In his remarks, Malhotra highlighted the continued relevance of UCBs in credit delivery particularly to the underserved areas and in expanding financial inclusion, RBI said in a statement.
He also briefly touched upon the various policy initiatives that have been undertaken by Reserve Bank relating to the co-operative banking sector since the previous interaction, and exuded confidence that these enablers will help the sector become stronger and grow in a healthy manner.
He underscored the importance of maintaining high standards ..

Sanjay Malhotra, RBI, RBI Governor

In his remarks, Malhotra highlighted the continued relevance of UCBs in credit delivery particularly to the underserved areas and in expanding financial inclusion, RBI said in a statement

Banks will see loan growth pick up in the October-December quarter after the RBI's rate cuts last year and the 100 basis points cut to the cash reserve ratio in June

Indian banking sector outlook 2026, RBI rate cuts impact banks, bank credit growth India, net interest margins banks, foreign investment Indian banks, deposit growth slowdown, microfinance stress India, banking liquidity RBI OMOs

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