Communications minister Jyotiraditya Scindia on Friday said the Cabinet has approved the refarming of 687 MHz of spectrum from various government ministries for the deployment of 5G and future 6G services. The total worth of the spectrum that has been approved for refarming so far is estimated to be Rs 2 lakh crore, officials said.
While many IT majors including Tata Consultancy Services (TCS), HCL Tech, Infosys, have already released its fiscal third quarter earnings, Wipro is all set to announce its Q3 results today (January 17). Wipro will also announce a dividend for its shareholders. According to brokerage firms and analysts, Wipro is expected to post a quarterly decline
Go to Live UpdatesWipro, Tech Mahindra Q3 Results Live Updates: With the IT majors including Tata Consultancy Services (TCS), HCL Tech, Infosys, and oil-to-telecom-to-retail conglomerate Reliance Industries (RIL) already having released their fiscal third quarter results, the Q3 earnings season is now in full swing. Today, IT majors like Wipro and Tech Mahindra and other
Social networking platform ShareChat expects its apps, ShareChat and Moj, to turn profitable by April, company’s chief business officer Gaurav Jain said. Speaking to FE on the sidelines of the India Digital Summit in New Delhi on Thursday, Jain stated that while the company might still report losses in FY25, it is optimistic about achieving
Spencer’s Retail, the retail arm of the RP Sanjiv Goenka group, entered the quick commerce sector with JIFFY, its new online platform, on Thursday, starting with Kolkata. The operation will eventually be rolled out to other parts of West Bengal, followed by Uttar Pradesh (UP). The retailer currently has a total of 89 stores in
E-commerce giant Amazon is set to acquire Indian startup Axio, an online lending platform offering point-of-sale financing. Amazon first invested in Axio during its Series C funding round six years ago and currently holds an 8% stake in the company. “In December, after the successful completion of due diligence, we signed an agreement with Amazon
Mukesh Ambani-led and oil and gas major, Reliance Industries has declared its quarterly earnings. The company’s profit jumped 11.7% YoY to Rs 21,930 crore from Rs 19,641 crore. The big contribution came from he company’s digital services and festive demand for the retail business. Even for the Oil and gas business, it was a steady
The news about the move by the founder of the US-based short seller Hindenburg Research to disband the entity apparently has huge implications for India and especially for its regulatory institutions. “This is a very important development and will play a role in reinforcing the faith in the Indian regulatory institutions,” says Prasanna Tantri, associate
Demand concerns in urban areas that were flagged by most fast-moving consumer goods (FMCG) companies in the September 2024 quarter are now beginning to get worse. December 2024 quarter earnings of Hindustan Unilever (HUL), the country’s largest FMCG company and sector bellwether, point to this trend, as urban middle-class households cut back on expenditure, shifting
Chinese smartphone maker Oppo said the company is not keen on launching foldable phones in India presently as the demand is yet to pick up for the product segment across the industry. “Demand for foldable phones in India is not very high yet. Oppo’s launch of foldable phones in the country will depend on the
The anticipated changes to the H-1B visa programme under US President Donald Trump’s administration, including proposals to raise wage thresholds and introduce additional fees, are unlikely to have a significant impact on Indian IT companies. Over the years, Indian IT firms have adapted to evolving visa norms by hiring more local talent, reducing dependency on
The Securities and Exchange Board of India (Sebi) has sought responses to its ‘small-ticket systematic investment plan’, or the Rs 250 SIP, proposing that a part of the cost, incurred by asset management companies (AMCs), along with certain incentives, be compensated from the Investor Education and Awareness Fund. “Industry participants involved in the mutual fund
State-owned Bharat Sanchar Nigam (BSNL), which was seen gaining mobile users after tariff hikes by private telecom operators in July last year, has now started seeing subscribers loss, according to data by the Telecom Regulatory Authority of India (Trai). In November, the telecom operator lost 344,473 mobile users after continuously adding the subscribers for four
