Industry

Paytm Q2 result: Net loss widen by 8.4% as expenses rise

Paytm, reporting its earnings publicly for the first time since this month's stock market debut , reported a consolidated net loss of 4.74 billion rupees ($63.2 million) compared with 4.37 billion rupees in the same period a year earlier.
paytm

Vodafone Idea demonstrates around 4 Gbps 5G data speed

VI has been allocated 26 GHz and 3.5 GHz spectrum in the mmWave band by the DoT for 5G network trials and use cases. Vi has achieved peak speeds in excess of 1.5 Gbps on 3.5 GHz, more than 4.2 Gbps on

The company saw opportunities for 5G in automotive, IoT related applications for drones, connected health care, industry 4.0, education, smart agriculture, gaming amongst others.

Kirloskar Ferrous Industries to acquire 51.25% stake in Indian Seamless Metal Tubes

Kirloskar Ferrous said on Friday that it will subscribe to shares for an aggregate consideration of Rs 476.63 Crores at Rs 30.95 per share by the way of preferential allotment.

ISMT is the largest integrated specialised seamless tube manufacturer in India.

PSB privatisation: New Bill may provide for 26% minimum govt holding

While the draft Bill provides for the lower shareholding, a final call will be taken by the Cabinet, which will clear the Bill before it can be introduced in Parliament, added the source.

Presenting the Budget for 2021-22, finance minister Nirmala Sitharaman had announced the privatisation of two PSBs and one general insurer, as part of the Centre’s disinvestment plan to rake in Rs 1.75 lakh crore.

Despite Mamata’s demand for removal, raw jute price cap necessary, says commissioner’s office

An IJMA member on the condition of anonymity, said despite the price cap, raw jute is being sold at Rs 7,300-7,500 a quintal, but millers will get sack prices on the basis of the capped price.

Deputy jute commissioner Koushik Chakraborty told FE there have been no orders from the Centre on removing the price cap of Rs 6,500 a quintal on open market operations.

EID Parry plans upwards of Rs 350 crore capex for 2 fiscals

EID Parry has been working towards the debt reduction mode on a periodical basis and the debt position has been much better compared to what it was as of March 2021.

As far as the short-term loan is concerned it was Rs 355 crore in March 2021 and the company is are currently at Rs 102 crore, he said.

IOC’s Mathura Refinery gets green nod for expansion project

The refinery has been accorded environmental clearance for residue upgradation and distillate yield improvement project with 11 MMTPA crude processing, Mathura Refinery head and executive director Asi

The refinery has undertaken projects to upgrade its diesel and gasoline units to bring down sulphur level by nearly 80 per cent, Maiti said.

Govt clarifies Starlink not a licensee; asks public not to subscribe to service being advertised

The Telecom Department also asked Starlink to comply with the regulatory framework for offering satellite based communication services, and refrain from booking/rendering the satellite internet servic

Airtel starts offering 500MB free data per day with prepaid plans to offset impact of price hike

Rival Vodafone Idea (Vi) is giving an extra 2GB data to users on select prepaid plans.

The additional data will be allocated only during the validity period of the existing plan. (Reuters)

Apple, Google get slapped with EUR 20-Million antitrust fine in Italy over ‘aggressive’ data practices

The authority said in a statement the two tech groups did not provide "clear and immediate information" on how they collect and use the data of those who access their services.

google apple store

NTPC Renewable Energy signs PPA for 325 MW solar projects

The pact was signed in the presence of Madhya Pradesh Chief Minister Shivraj Singh Chauhan and Union Power and New & Renewable Energy Minister R K Singh on 25th November 2021, it said.

The NTPC Renewable Energy Ltd has won a capacity of 105 MW quoting Rs 2.35/kWh, and also a capacity of 220 MW quoting Rs 2.33/kWh in the Rewa Ultra Mega Solar Ltd's auction held on 19th July 2021 for 450 MW of Solar Projects at Shajapur Solar Park in Madhya Pradesh.

RBI panel for no cap on promoters stake in private banks for 1st 5 years, 26 pc after 15 years

The RBI also maintained that any stake holding or voting rights of 5 per cent or more of the paid-up share capital/ total voting rights of the concerned bank will require its prior nod.

According to the RBI's current norms, a promoter of a private bank needs to pare holdings to 20 per cent within 10 years, and to 15 per cent within 15 years.

Tata in talks to set up $300 million-semiconductor assembly unit, say sources

Tata is talking to the southern states of Tamil Nadu, Karnataka and Telangana and scouting for land for the OSAT plant, the sources said, declining to be identified.

An OSAT plant packages, assembles and tests foundry-made silicon wafers, turning them into finished semiconductor chips. (File)

WhatsApp may soon let you react to texts with emoji, see who reacted to your message

Message reactions are already available on WhatsApp's sister platforms Messenger and Instagram.

whatsapp emoji

Vodafone Idea demonstrates around 4 Gbps 5G data speed during trial

"We have been able to achieve up to 4.2 Gbps speed in millimeter band during the trial," VIL chief technology officer Jagbir Singh said here.

vodafone idea

Vedanta’s Sesa Goa iron ore biz pledges to become carbon neutral by 2050

In line with the country's larger vision of net zero carbon economy, the company has devised a comprehensive plan to achieve this goal, the company said in a statement.

vedanta sesa goa

Govt proposes framework for cross-border insolvency; seeks comments till December 15

The corporate affairs ministry, which is implementing the Insolvency and Bankruptcy Code (IBC), has sought comments on the draft framework till December 15.

insolvency law

ITC to acquire 16% stake in D2C brand Mother Sparsh

This share acquisition is expected to be completed, in two tranches, within eight months from the date of execution of the Agreements.

ITC stock

Govt can consider phased manufacturing plan for AC industry: Anurag Jain

Jain also mentioned that DPIIT will ensure investments coming up under the production-linked incentive (PLI) for white goods get approvals from the central and state governments.

AC manufacturing

Redmi phone with MediaTek Dimensity 7000 chip in the works; K50 Gaming Edition specs leak again

Xiaomi is working on a Redmi phone with Mediatek’s yet-to-be-announced Dimensity 7000 chip.

redmi k40

Vodafone Idea Data Delight: How to get extra 2GB data with Vi Hero Unlimited plan

The offer, however, is not applied automatically and subscribers will have to manually activate it through the Vi app.

vi data delight

Vodafone Idea no longer giving ‘double data benefits’ with Rs 359, Rs 539 and Rs 839 prepaid recharge plans

Previously, these plans were available for Rs 299, Rs 499 and Rs 699-and came with 4GB daily data.

vodafone idea, Vi

Samsung Galaxy A03 budget phone launched with 48MP dual cameras and 5,000mAh battery

The Galaxy A03 seems to be a follow-up to the Galaxy A02 and brings some welcome upgrades for budget-conscious buyers.

Samsung Galaxy A03

Samsung apparently has no plans to launch another Galaxy Note; to end Galaxy Note 20 series production soon

The Galaxy Note may have been gone for good. Long live, Galaxy Note.

Samsung Galaxy Note, Samsung, Samsung Galaxy Fold
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