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Mumbai: Vodafone Idea (Vi) narrowed its net loss for the second straight quarter, aided by an improving subscriber mix of higher-paying 4G/5G users, lower finance costs and a one-time exceptional gain. During the September quarter, Vi's net loss reduced to ₹5,524 crore versus ₹6,608 crore in the previous quarter. While the company has slowed subscriber churn over recent quarters, the third-largest telco continues to lose users to larger rivals Reliance Jio and Bharti Airtel. The joint venture ...Read More >
Mumbai: Benchmark stock indices Sensex and Nifty bounced back Monday after three straight days of losses following buying in IT and financial shares and a rally in global peers. The 30-share BSE Sensex benchmark climbed 319.07 points, or 0.38 per cent, to close at 83,535.35. In the intraday session, the index rallied 538.21 points, or 0.64 per cent, to hit a high of 83,754.49. The NSE Nifty advanced 82.05 points, or 0.32 per cent, to settle at 25,574.35. During the day, it climbed 161.15 point ...Read More >
Mumbai, Nov 4 (SocialNews.XYZ) Indian stock markets ended lower on Tuesday as renewed selling pressure hit information technology (IT) and metal shares in the second half of the trading session. After opening on a positive note, the Sensex gave up its early gains and closed 519.34 points, or 0.62 per cent, down at 83,459.15. During the intra-day session, the index had briefly risen 0.11 per cent before turning negative. The Nifty also slipped 165.70 points, or 0.64 per cent, to end at 25,597. ...Read More >
Mumbai, Nov 4 (PTI) Equity benchmark indices Sensex and Nifty tumbled on Tuesday amid persistent foreign fund outflows and weak trend in Asian and European markets. The 30-share BSE Sensex dropped 519.34 points, or 0.62 per cent, to settle at 83,459.15. During the day, it tanked 565.72 points, or 0.67 per cent, to 83,412.77. The 50-share NSE Nifty declined 165.70 points, or 0.64 per cent, to 25,597.65. From the Sensex firms, Power Grid, Eternal, Tata Motors, Tata Steel, Maruti and Bharat Elec ...Read More >
This article first appeared on GuruFocus. OpenAI is doubling down on India's fast-growing AI market with a bold offer: a free year of its ChatGPT Go service for every user in the country starting November 4. The giveaway coincides with the company's first DevDay Exchange in India and marks its most aggressive expansion effort yet in a market of 1.4 billion people. Normally priced at 399 rupees (under $5) per year, ChatGPT Go unlocks higher message limits, image generation, and larger file uploa ...Read More >
India's data centre capacity is set for significant growth. Projections indicate a doubling by 2027 and a potential fivefold increase by 2030. This expansion is driven by factors like data localisation laws and rising cloud adoption. Major investments are planned, including Google's AI infrastructure hub in Andhra Pradesh. This surge promises to bolster India's digital infrastructure. India's data centre capacity will double by 2027 based on under-construction capacity, and may increase five ti ...Read More >
NEW DELHI: The Supreme Court's ruling on telecom AGR (adjusted gross revenue) empowers the Cabinet to review the entire gamut of issues related to recovery of thousands of crores of rupees from Vodafone Idea, when it comes to matters of duplicate payments, double-counting, interest and penalty on interest, as pointed out by the company. Estimates put Voda Idea's AGR outstanding to govt at around Rs 80,000 crore, though the company has refused to specify the exact amount. And, not just Vodafone I ...Read More >
He will oversee marketing strategy, strengthen brand positioning, and drive business growth through integrated initiatives across markets Amara Raja Energy and Mobility (ARE&M), the makers of Amaron, Powerzone, and Quanta batteries, on Monday announced the appointment of Chandrasekar Radhakrishnan as its Chief Business Officer - Automotive for India and the SAARC region. In his new role, Radhakrishnan will oversee marketing strategy, strengthen brand positioning, and drive business growth throu ...Read More >
Mumbai: Benchmark indices Sensex and Nifty rebounded in early trade on Monday, mirroring a sharp rally in global markets, as softer-than-expected US inflation report has reignited hopes of Fed rate cuts. Prospects of a US-China trade deal and fresh foreign fund inflows also added to the markets' optimism. The 30-share BSE Sensex climbed 272.7 points to 84,484.58 in early trade. The 50-share NSE Nifty went up by 88.55 points to 25,883.70. From the Sensex firms, Tata Steel, Bharti Airtel, Relianc ...Read More >
Mumbai, Oct 27 (PTI) Benchmark indices Sensex and Nifty rebounded in early trade on Monday, mirroring a sharp rally in global markets, as softer-than-expected US inflation report has reignited hopes of Fed rate cuts. Prospects of a US-China trade deal and fresh foreign fund inflows also added to the markets' optimism. The 30-share BSE Sensex climbed 272.7 points to 84,484.58 in early trade. The 50-share NSE Nifty went up by 88.55 points to 25,883.70. From the Sensex firms, Tata Steel, Bharti ...Read More >
Mumbai, Oct 26 (SocialNews.XYZ) The combined market valuation of seven of India's top 10 most-valued companies rose by Rs 1,55,710.74 crore in the holiday-shortened week, supported by a positive trend in domestic equities. Tata Consultancy Services (TCS) and Bharti Airtel were among the biggest gainers, according to the official data. During the week, the benchmark Sensex gained 259.69 points, or 0.30 per cent. On Thursday, the 30-share index touched a 52-week high of 85,290.06. Among the top ...Read More >
New Delhi: The combined market valuation of seven of the top-10 most valued firms jumped by Rs 1,55,710.74 crore in the holiday-shortened last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid a positive trend in domestic equities. Last week, the BSE benchmark climbed 259.69 points or 0.30 per cent. On Thursday, the 30-share BSE Sensex hit its 52-week high of 85,290.06. From the top-10 pack, Reliance Industries, Bharti Airtel, Tata Consultancy S ...Read More >
Broadband gear maker GX Group on Friday said it will set up a photonic module and chip arm in India with an initial investment of Rs 500 crore. The subsidiary, GX Quantum Photonics Pvt Ltd, will be headquartered in Manesar, Gurgaon, and is expected to create over 300 direct jobs, GX Group CEO Paritosh Prajapati said. The group currently has about 250 employees in India. The Phase 1 investment of Rs 500 crore will be deployed towards establishing a manufacturing facility in Bhiwadi, Rajasthan, ...Read More >
Mumbai, Oct 24 (PTI) Benchmark indices Sensex and Nifty declined on Friday amid profit-taking in FMCG and banking shares following a six-day rally and fresh foreign fund outflows. Snapping its six-day winning streak, the 30-share BSE Sensex dropped by 344.52 points or 0.41 per cent to settle at 84,211.88. During the day, it fell by 599.25 points or 0.70 per cent to 83,957.15. The 50-share NSE Nifty declined by 96.25 points or 0.37 per cent to 25,795.15 as 34 of its constituents closed lower an ...Read More >
Mumbai, Oct 23 (PTI) Equity benchmark indices Sensex and Nifty ended marginally higher on Thursday, helped by robust buying in IT and tech stocks amid growing optimism on the US-India trade deal front. After hitting a 52-week high, indices reversed most of their intra-day gains on fag-end profit-taking after sentiment turned cautious amid concerns over US sanctions against Russia's two largest oil companies. Besides, an over one per cent decline in heavyweight Reliance Industries also pulled t ...Read More >
NEW DELHI: India has proposed sweeping new regulations to govern artificial intelligence, aiming to curb a surge in misinformation and deepfake videos in the world's most populous nation. The Ministry of Information Technology announced the proposed amendments, citing "the growing misuse of technologies used for the creation or generation of synthetic media". "Recent incidents of deepfake audio, videos and synthetic media going viral on social platforms have demonstrated the potential of gener ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty ended higher Monday, taking their winning run to the fourth day in a row, driven by buying in blue-chip Reliance Industries and sustained foreign fund inflows. A sharp rally in global markets also added to the markets' optimism. The 30-share BSE Sensex jumped 411.18 points or 0.49 per cent to settle at 84,363.37. During the day, it zoomed 704.37 points or 0.83 per cent to 84,656.56. The 50-share NSE Nifty surged 133.30 points or 0.52 per cent ...Read More >
New Delhi: A '1-rupee' storm is brewing in India's telecom sector. State-owned Bharat Sanchar Nigam Ltd's (BSNL) new 4G recharge plan for ₹1, seen as an attempt to draw new users to its long-awaited 4G network, has drawn fire from private telecom operators, who allege it violates regulatory rules, three people in the know said. The dispute revives memories of Reliance Jio's 2016 entry, when free offers upended the market and triggered years of tariff wars. Now, as Jio and Bharti Airtel dominate ...Read More >
Indian stock markets, Sensex and Nifty, recovered from an early dip on Friday. Foreign fund inflows and anticipation of US Federal Reserve rate cuts boosted investor sentiment. Asian Paints, Mahindra & Mahindra, and Bharti Airtel were among the top gainers. This rebound follows strong performance on Thursday, driven by positive economic outlook and global factors. Mumbai, Equity benchmark indices Sensex and Nifty bounced back after starting the trade on a weak note on Friday, helped by foreign ...Read More >
Mumbai: Benchmark Sensex spurted by 484 points and Nifty closed at a 52-week high on Friday, extending their winning run to the third consecutive day on buying in blue-chip banking and oil shares and foreign fund inflows. In a volatile session, the 30-share BSE Sensex jumped 484.53 points or 0.58 per cent to settle at 83,952.19, a level not seen since June 27. During the day, it surged 704.58 points or 0.84 per cent to 84,172.24. The 50-share NSE Nifty climbed 124.55 points or 0.49 per cent to s ...Read More >
Mumbai, Oct 17 (SocialNews.XYZ) Indian stock markets ended higher on Friday, extending gains for the third straight session ahead of Diwali. Both Sensex and Nifty touched their 52-week highs during the day, supported by buying in financials, autos, and FMCG stocks. At the close, the Sensex stood at 83,952.19, up 484.53 points or 0.58 per cent, while the Nifty ended at 25,709.85, up 124.55 points or 0.49 per cent. "Technically, Nifty looks strong for further gains, and experts believe that a " ...Read More >
Bharti Airtel has partnered with IBM to offer the tech firm's services on its new cloud platform, aiming to meet growing demand for computing capacity driven by AI and data storage needs. This collaboration will allow Airtel Cloud customers to deploy IBM's AI-ready servers in regulated sectors. - India's second-largest telecom operator Bharti Airtel has partnered with IBM to offer the American tech firm's services through its recently launched cloud platform, the companies said on Wednesday as ...Read More >
The announcement comes at a time when US President Donald Trump has been asking American companies to prioritise domestic investment. India has emerged as a key destination for AI data centres. The country's low data costs and rapidly growing internet user base have made it a hub for cloud and AI expansion for tech giants. Alphabet CEO Sundar Pichai said the facility "will bring our industry-leading technology to enterprises and users in India, accelerating AI innovation and driving growth acr ...Read More >
Amaravati: Andhra Pradesh IT and Industries Minister Nara Lokesh on Wednesday took a swipe at neighbouring states while highlighting the state's rapid industrial growth. In a social media post, Lokesh quipped, "They say Andhra food is spicy. Seems some of our investments are too. Some neighbours are already feeling the burn! " This post comes days after the Google has announced an investment of $15 billion over five years to set up an artificial intelligence (AI) data centre in Andhra Pradesh, ...Read More >
Vodafone Idea share price: Vodafone Idea has approached the Supreme Court to quash the DoT's Rs 9,450 crore AGR demand, citing inconsistencies with earlier guidelines. The telco also seeks reassessment of dues up to FY17. Vodafone Idea shares will be in focus on Monday, October 6, as the Supreme Court is scheduled to hear the telecom operator's plea seeking quashing of the Department of Telecommunications' (DoT) additional adjusted gross revenue (AGR) demand amounting to Rs 9,450 crore. The te ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Wednesday made a pitch to boost investments in manufacturing in the country, saying, it is the "best time to invest, innovate and make in India", which should be positioned as a "trusted partner" in the global supply chain. The statement comes when India faces tariffs headwinds from the US, while looking at striking trade agreements and global alliances for pushing the export economy.PM Modi said that led by technologies, such as 4G and 5G in telecom, d ...Read More >
Mumbai, Oct 3 (PTI) Benchmark indices Sensex and Nifty advanced for the second straight session on Friday, powered by buying in metal and telecom stocks following a firm trend in global markets. After swinging between gains and losses for most of the session, the 30-share BSE Sensex climbed 223.86 points, or 0.28 per cent, to settle at 81,207.17. During the day, the index touched a high of 81,251.99 and a low of 80,649.57, gyrating 602.42 points. As many as 2,710 stocks advanced while 1,490 de ...Read More >
Bareilly has suspended internet services for 48 hours following heightened security measures across four districts ahead of Dussehra. This comes after unrest and stone-pelting on September 26, triggered by an 'I Love Muhammad' poster row. Authorities have deployed extensive forces and made 81 arrests to prevent further disturbances. Internet services have been suspended in Bareilly for 48 hours starting 3 pm on Thursday, officials told news agency PTI, following heightened security measures acr ...Read More >
Bareilly: Security was beefed up across four districts in Uttar Pradesh's Bareilly division on Thursday in view of Dussehra, with security personnel out on the streets and drones in the air, while the government has also ordered suspending internet services in Bareilly district for 48 hours, officials said. According to a notification issued by the home department, mobile internet, broadband and SMS services will remain suspended in Bareilly from 3 pm on October 2 to 3 pm on October 4. Home Se ...Read More >
New Delhi, Oct 1 (PTI) The Supreme Court is likely to hear on October 6 a plea of telecom major Vodafone Idea Limited (VIL) seeking the quashing of the additional adjusted gross revenue (AGR) demands for the period until 2016-17. According to the apex court's website, a bench headed by Chief Justice of India (CJI) B R Gavai has listed the fresh plea of the VIL for hearing on Monday, when the court reopens after the Dussehra break. The top court deferred the hearing on September 26, after takin ...Read More >
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