Vodafone Idea 2.0 begins with ₹18,000 crore FPO: Kumar Mangalam Birla

[ad_1] On the back of the ₹18,000 crore fundraise through a follow on offer, Vodafone Idea will stage a smart turnaround, according to Kumar Mangalam Birla, Chairman, Aditya Birla Group. Speaking at the FPO listing ceremony, Birla said, “This moment in...

Meta’s forecast for lower-than-estimated sales sparks fear in tech world

[ad_1] A disappointing earnings report from Meta Platforms Inc. has technology investors on edge ahead of results from some of the stock market’s biggest and most important companies in the coming days.Shares of Facebook’s parent were down as much as...

Thanos Tech opens drone manufacturing facility in Hyderabad  

[ad_1] Thanos Technologies, an agri-drone technology company, has opened a drone production facility and its corporate office in Hyderabad on April 15, 2024.  The facility has an initial capacity to produce 3,000 drones annually.Also read: Indian drone companies facing shortage...

JioCinema launches ₹29 plan for ad free viewing

[ad_1] In a bid to disrupt the premium streaming category, JioCinema has launched subscription plans starting at ₹29 a month to allow viewers an advertisement-free experience. As of now, Jio Cinema was showing ads to all its users, including paying...

CriticalRiver to offer ESOPS for all its employees to build loyalty, cut attrition

[ad_1] In a bid to promote loyalty and reduce attrition, technology solutions company CriticalRiver has floated a two-way ESOP (employee stock option) policy to give shares to all of its employees. The 10-year-old company, which has over 1,000 employees in...

India’s consumer tech poised for dominance in $300 b online spend: Elevation Report

[ad_1] India’s online consumer expenditure, forecasted to more than double from $140 billion to $300 billion by 2030, according to report by venture capital firm Elevation Capital.Against the backdrop of a thriving Indian start-up ecosystem and a promising economic outlook,...

PhonePe shifts focus to food, grocery; exits fashion, electronics on ONDC 

[ad_1] PhonePe is restructuring its e-commerce strategy on the Open Network for Digital Commerce (ONDC) as it plans to exit categories like fashion, electronics, home decor except for food delivery on the network, according to sources. However, it will continue...

CtrlS to launch its third data centre in Hyderabad

[ad_1] Homegrown data centre company CtrlS has said it is going to open its third data centre in the city in the next 2-3 months. The facility, which will come up in the financial district in Gachibowli, will have a...

LTIMindtree profit declines 1.2% to ₹1,100 cr in Q4

[ad_1] IT firm LTIMindtree recorded a 1.2 per cent year-on-year (YoY) decline in net profit at ₹1,100 crore in the fourth quarter. On a sequential basis, profits declined by 5.9 per cent, missing market expectations. Revenue from operations stood at...

India ranks highest for global implementation of AI projects: Report

[ad_1] India heads the pack as an AI leader, with 70 per cent of companies having AI projects up and running, or in motion. This is in stark contrast with the global average of 49 per cent, according to a...
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