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Telecom spectrum public sale this yr may very well be a moist squib and the exchequer could get little or no quantity as a lot of the telecom service suppliers (TSPs) have sufficient spectrum for now and may very well be simply renewing their current licences. The federal government fetched ₹1,50,173 crore from the final … Read more
IT main Tech Mahindra on Wednesday reported a 61 per cent year-on-year decline in web revenue at ₹510.4 crore from ₹1,296.6 crore in the identical time final yr. Income from operations got here down 4 per cent to ₹13,101.3 crore (₹13,734.6 crore) in identical quarter final yr. Additionally learn: Exide Industries Q3 web up 2.3 per … Read more
Zee Leisure Enterprises Ltd (ZEEL) has moved the Nationwide Firm Regulation Tribunal (NCLT) and Singapore Worldwide Arbitration Centre (SIAC) towards Sony Photos Community India’s termination of the merger deal. The corporate has approached the Mumbai-bench of NCLT, “searching for instructions to implement the merger scheme”, the Punit Goenka-led media main mentioned in a regulatory submitting. … Read more
Reflections Information Methods, Technopark-based international IT options supplier, is featured on the checklist of the Deloitte Expertise Quick 50 India 2023, which awards the 50 quickest rising expertise corporations in India. Rankings are primarily based on proportion income progress over three years. Final yr, Reflections was ranked twentieth within the checklist. Reflections has additionally bagged … Read more
Consultants predict that the outcomes of mid-cap IT agency Tech Mahindra might be modest for the third quarter of FY24. TechM could report a sequential decline in total income and fixed forex revenues, dragged down by the communication and enterprise verticals and the poor seasonal efficiency seen within the third quarter. Brokerage agency Jefferies said … Read more
RagaAI, an AI testing start-up, has closed a $4.7 million seed funding spherical. The spherical was led by pi Ventures with participation from international buyers together with Anorak Ventures, TenOneTen Ventures, Arka Ventures, Mana Ventures, and Exfinity Enterprise Companions. Additionally learn:Reveal units up growth centre in India ‘’These funds can be utilized in analysis and … Read more
Embattled edtech main Byju’s filed its FY22 financials with the Ministry of Company Affairs, and has mentioned that losses ballooned to ₹8,245 crore in FY22 from ₹4,564 crore in FY21. businessline had earlier reported that the FY22 financials tabled through the firm’s annual normal assembly in December 2023, confirmed that consolidated income from operations stood … Read more
The Ministry of Electronics and Info Expertise (MEiTY) is engaged on the successor to the Scheme for Promotion of Manufacturing of Digital Parts and Semiconductors (SPECS) programme, stated the Ministry’s Secretary S Krishnan. Additionally learn: MeitY, IBM companion to speed up AI, semiconductor, quantum innovation in India “There’s a perception that Productiveness Linked Incentive-based programmes … Read more
Cellular telecom providers customers who’ve loved limitless knowledge on 5G providers at no further value, can anticipate to fork out extra as tariffs are set to move north quickly, with Reliance Jio anticipated to lift charges because it seeks to monetise 5G providers. Tariffs have been steady final yr, with the main telecom firms Bharti … Read more
The federal government shouldn’t minimize import duties on digital parts utilized in making smartphones within the forthcoming Finances as the present tariff construction has already confirmed profitable and altering them may hurt native manufacturing, a GTRI report stated on Monday. Additionally learn:Proposed India-Oman free commerce pact to probably decrease import duties on 80% items: GTRI … Read more