Companies

IBI Union and Atlantic Overseas Bank Announce Bold $1 Billion Investment in AI and Cybersecurity

Empowering global progress through a $1 billion investment to transform AI and cybersecurity for a safer, smarter future

Dec 27, 2024

BharatNet connects over 2.14 lakh gram panchayats with broadband: Centre

Telecom, pay-TV services set to reach $50.7 bn in revenue in 2029

Driven by mobile data and fixed broadband segment, the telecom and pay-TV services revenue in India is projected to increase at a compound annual growth rate (CAGR) of 2.5 per cent from $44.9 billion in 2024 to $50.7 billion in 2029

Dec 27, 2024

Indian telecom industry's revenue doubled in 5 years, Bharti Airtel biggest gainer

The revenue of India's telecom industry increased 8 per cent (quarter-on-quarter) to Rs 674 billion (13 per cent growth year-on-year) in the second quarter of FY25, mainly driven by tariff hikes, according to a new report.

Dec 25, 2024

Reliance Industries marching towards negative return for 1st time in last 10 years

Reliance Industries' stock tanks 23 pc from its July high

The stock of Reliance Industries Limited (RIL), India's largest company by market capitalisation, has slipped by 23 per cent from its highest level in July this year.

Dec 24, 2024

Committed to India's digital growth amid shifting telecom landscape: Bharti Airtel

Bharti Airtel on Tuesday said it recorded the highest net wireless subscriber additions in October, adding 1.93 million mobile subscribers during the month, thus reflecting steady growth amid a shifting telecom landscape.

Dec 24, 2024

Epigamia's Co-Founder Rohan Mirchandani passes away at 42

Rohan Mirchandani, co-founder of Epigamia, passed away suddenly at Mirchandani was a visionary entrepreneur who significantly impacted the Indian FMCG sector. Despite his demise, Epigamia's leadership is determined to honor Mirchandani's vision and guide the business forward.

Dec 22, 2024

Choosing The Right Travel Insurance Plan For Canada: A Comprehensive Guide

Choosing the right travel insurance for Canada might seem complicated, but by focusing on your specific needs and carefully reviewing policies, you can find one that suits your requirements and wallet

Dec 20, 2024

Understanding Term Insurance Maturity Benefits: A Complete Guide

Term insurance is designed purely for protection, not for savings or investments.

Dec 20, 2024

Unacademy suffers a loss of Rs 285 crore in FY24

Gaurav Munjal-led edtech platform Unacademy recorded a loss of Rs 285 crore in FY24 compared to Rs 1,592 crore in FY23.

Dec 18, 2024

CureFit Suffers ₹888 Crore Loss in Financial Year 2024

The recent financial disclosure from CureFit, a leading fitness startup, has raised eyebrows in the business community. The company's consolidated loss for the fiscal year 2024 has seen a significant surge of 42%, amounting to Rs 888.5 crore, a substantial increase from Rs 625.5 crore in the previous fiscal year. This increase in losses is primarily attributed to the company's high cash burn rate.

Dec 17, 2024

GST officials search UpGrad offices, edtech unicorn says 'routine survey'

Edtech unicorn upGrad clocks Rs 560 crore loss in FY24

Online skills and learning platform upGrad has recorded a loss of Rs 560 crore in FY24, a decrease from a Rs 1,142 crore loss in FY23.

Dec 16, 2024

Reliance Industries marching towards negative return for 1st time in last 10 years

The share of Reliance Industries Limited (RIL) has underperformed in the last three months, and India's largest private firm stock is heading towards negative return for the first time in the last 10 years.

Dec 13, 2024

Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore

Zomato hit with Rs 803 crore tax notice demand amid AI integration plans

Zomato has been hit with a tax demand notice of Rs 803 crore by the Goods and Services Tax (GST) department. The notice, issued by the Joint Commissioner of CGST and Central Excise in Thane, includes GST demand and interest and penalty.

Dec 13, 2024

Telecom PLI sees Rs 3,998 crore worth actual investment: Centre

The production-linked incentive (PLI) scheme for telecom and networking products has witnessed Rs 3,998 crore worth actual investment (against Rs 4,014 crore as committed investment) by micro, small and medium enterprises (MSMEs) and non-MSMEs, the Parliament was informed on Wednesday.

Dec 12, 2024

Adani to finance Sri Lankan Port project on its own, withdraws request for US DFC funding

The Adani Ports and Special Economic Zones (APSEZ) Ltd on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding.

Dec 11, 2024

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