Companies

Swiggy's high valuation, ongoing losses raise concerns about long-term sustainability: Angel One

Swiggy's Rs 11,327 crore initial public offering (IPO) faces several risks and challenges that potential investors should consider, leading online brokerage Angel One has said, adding that the company's high valuation, coupled with its ongoing losses, raises concerns about its long-term sustainability.

Nov 5, 2024

Concentrated revenue, dependence on govt-owned infra key risk for ACME Solar: Brokerage

ACME Solar IPO: Concentrated revenue, dependence on govt-owned infra among key risks

Concentrated revenue risk, dependence on government-owned transmission grids and infrastructure, and growth relying on winning highly competitive project bids are key risks for ACME Solar Holdings IPO.

Nov 5, 2024

Xiaomi India President Muralikrishnan moves on, COO Mathur to guide key functions

Xiaomi India president Muralikrishnan steps Down; will continue as independent Strategic Advisor

Xiaomi India's President, Muralikrishnan B, is stepping down at the end of the year to pursue academic research. Muralikrishnan's tenure saw Xiaomi India achieve exceptional success, becoming a key player in the tech landscape.

Nov 5, 2024

India's fintech startups grow fivefold in last three years

Fintech firm Cashfree Payments' losses increase to Rs 135 cr in FY24

Fintech firm Cashfree Payments has reported Rs 135 crore loss in the financial year (FY24), compared to Rs 133 crore loss in FY23.

Nov 4, 2024

Population collapse is accelerating: Elon Musk

Elon Musk lays off more employees from X: Report

Elon Musk, who is busy promoting Donald Trump for the keenly-watched US presidential election on November 5, has reportedly laid off more employees from his X social media platform.

Nov 2, 2024

Yash Kataria Drives Growth: Kataria Industries Acquires Ratlam Wires' Wire Manufacturing Division

Kataria Industries is renowned for its manufacturing of essential equipment, including low relaxation prestressed concrete strands and post-tensioning anchorage systems.

Oct 31, 2024

BSNL deploys 50,000 4G sites in India's remote regions; Strengthens network

Bharat Sanchar Nigam Limited (BSNL), the state-run telecom operator, has successfully installed over 50,000 indigenous 4G sites across the nation. This announcement was made by the Ministry of Communications, marking a pivotal moment in the country's journey towards enhanced digital infrastructure.

Oct 31, 2024

TRAI releases consultation paper on framework for service authorisations

The Telecom Regulatory Authority of India (TRAI) on Wednesday released a consultation paper on the framework for service authorisations for provision of broadcasting services under the Telecommunications Act, 2023.

Oct 30, 2024

TRAI's New Framework for Service Authorisations Sparks Industry Debate

The Telecom Regulatory Authority of India (TRAI) has recently released a consultation paper on the framework for service authorisations for the provision of broadcasting services. This is in line with the newly implemented Telecommunications Act, 2023.

Oct 30, 2024