ITI Ltd reported a net loss of ₹48.9 crore for Q3 FY24, an improvement from ₹101.3 crore last year. Revenue rose 299.73% to ₹1,034.5 crore, aided by key projects and new orders. However, its stock fell by 1.34% to ₹284.35 on the BSE.
1 min read13 Feb 2025GPU-as-a-service refers to cloud computing service that provides access to GPUs on demand for workloads such as machine learning, deep learning, gaming, video editing and high-performance computing. Users can rent GPUs from a cloud provider.
4 min read7 Feb 2025The debt-laden telecom firm, long in decline, gets a lifeline from the government yet again. But with rising losses, stagnant revenues, and fierce competition, can MTNL turn this rally into a real comeback?
5 min read6 Feb 2025NBM 2.0 aims to position India strongly in the new era of digital transformation through high-speed broadband and meaningful connectivity for all.
3 min read17 Jan 2025Vodafone Idea shares rose over 5% on January 14 after new divestment updates. Omega Telecom acquired 1.08 billion shares, and Usha Martin Telematics secured 608 million shares, indicating significant changes in shareholding patterns and boosting investor sentiment.
2 min read14 Jan 2025JM Financial forecasts Jio’s ARPU to rise 4.5% QoQ to ₹204. Bharti Airtel is expected to see 4.8% QoQ growth in India wireless revenue and 5.8% QoQ growth in EBITDA, driven by a 4.7% ARPU increase to ₹244. Bharti Hexacom’s ARPU is set to grow 4.7% QoQ to ₹239.
3 min read9 Jan 2025The US President-elect reiterated a desire to take over Greenland and the Panama Canal. He also warned Hamas of ‘hell’ breaking loose if the hostages it has taken aren’t released by 20 January. Just rhetoric?
1 min read9 Jan 2025Vodafone Idea’s shares rose 2.15% to ₹8.06 after announcing a share purchase agreement with iBUS Network for its 50% stake in Firefly Networks for ₹45 million. The deal is expected to close within 30 business days, ending Firefly’s joint venture status.
1 min read7 Jan 2025Telecom Regulatory Authority of India (TRAI) is likely to introduce new norms as a move towards cracking down on spam, DLT pilot, amongst other things, reported the news agency PTI.
4 min read5 Jan 2025Citi has upgraded Vodafone Idea to ’buy’ with a target price of ₹13, following a government waiver on bank guarantees for spectrum payments. This relief is expected to enhance the telecom operator’s funding prospects and alleviate financial pressure after a significant decline in 2024.
2 min read1 Jan 2025The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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