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LTIMindtree’s net profit drops 1.5 pc to Rs 1,135 crore, revenue up 5 pc

Jul 17, 2024

Mumbai, July 17 (IANS) Global technology consulting and digital solutions company LTIMindtree on Wednesday reported consolidated net profit at Rs 1,135 crore for the April-June quarter, a 1.5 per cent decrease from Rs 1,152 crore in the year-ago period. The net profit, however, rose 3 per cent on a sequential basis. The company’s revenue went up to…

Private equity investments in Indian real estate surge 15 pc to $3 bn in H1 2024

Jul 17, 2024

Mumbai, July 17 (IANS) Private equity (PE) investments in the Indian real estate sector surged 15 per cent (year-on-year) to $3 billion in the first half this year, from $2.6 billion in H1 2023, a report showed on Wednesday.The warehousing…

Business

Working closely with component partners in India to boost infra, supply chain: Samsung’s TM Roh

Jul 17, 2024

New Delhi, July 17 (IANS) As India doubles down on local electronics manufacturing and the entire ecosystem around it, Samsung, which has been operating its manufacturing facility in the country since 1996, is working closely with component…

Business

Nasscom seeks withdrawal of contentious Karnataka quota Bill

Jul 17, 2024

New Delhi, July 17 (IANS) Nasscom, representing India’s $250 billion technology industry, on Wednesday said it is seriously concerned about the provisions of a Bill providing for reservation for Kannadigas in private companies in…

Business

Vietnamese hackers fuelling WhatsApp e-challan scam in India: Report

Jul 17, 2024

Bengaluru, July 17 (IANS) A highly technical Android malware campaign by Vietnamese hackers is targeting Indian users through fake traffic e-challan messages on WhatsApp, according to a report on Wednesday.Researchers from CloudSEK, a…

Business

Naidu to meet FM Sitharaman to seek more funds for Andhra Pradesh

Jul 17, 2024

New Delhi, July 17 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu will be meeting Finance Minister Nirmala Sitharaman on Wednesday to press his case for a bigger allocation of funds for the state in the Union Budget which will be…

Business

Meta rolls out ‘verified subscription’ plans for businesses in India

Jul 17, 2024

Mumbai, July 17 (IANS) Meta on Wednesday introduced verified subscription plans for businesses on Facebook and Instagram in India.The Meta Verified for businesses will offer them with a verified badge, enhanced account support,…

Business

Google to empower 10,000 Indian startups in AI, unveils new tools

Jul 17, 2024

Bengaluru, July 17 (IANS) Google on Wednesday said it is working with MeitY ‘Startup Hub’ to train 10,000 startups in artificial intelligence (AI), as the tech giant expanded access to its AI models and introduced new language tools for the…

Business

Australia’s New South Wales moves to cut ties with construction union

Jul 17, 2024

Sydney, July 17 (IANS) The Australian state government of New South Wales (NSW) said on Wednesday that actions have been taken to halt the affiliation of the Construction, Forestry and Maritime Employees Union (CFMEU) Construction and…

Business

ADB forecasts robust growth in India’s industrial sector, rebound in agriculture

Jul 17, 2024

Manila, July 17 (IANS) The Asian Development Bank (ADB) has kept India’s growth forecast unchanged at 7 per cent in 2024-25 as it sees the country as the fastest growing economy with robust growth in the industrial sector and a rebound in…

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