Tag Archives: TMT

[1/2]The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo NEW DELHI, July 25 (Reuters) – The Indian state of Rajasthan has approved a bill …

BENGALURU, July 25 (Reuters) – Prosus NV (PRX.AS), an investor in Indian educational technology startup Byju’s, said on Tuesday that the troubled company’s directors “regularly disregarded advice” despite repeated efforts by the Dutch-listed technology firm’s former director. Prosus, which this year slashed its valuation of Byju’s to $5.1 billion from …

BENGALURU, July 24 (Reuters) – India’s Reliance Industries (RELI.NS) said on Monday it would invest up to 10 billion Indian rupees ($122.24 million) in building data centers in the country along with Canada-based Brookfield Infrastructure. The announcement comes at a time when data center capacity in India is expected to …

BENGALURU, July 22 (Reuters) – Indian digital payments firm Paytm (PAYT.NS) reported a 39% rise in quarterly revenue, helped by soaring demand for loans. One 97 Communications Ltd (PAYT.NS), parent of India’s no. 2 digital payments app by market share, reported late Friday that revenue rose 39% year-on-year to 23.42 …

BENGALURU, July 21 (Reuters) – Reliance Industries (RELI.NS), India’s most valuable company, reported a wider-than-expected drop in first-quarter profit on Friday, as its flagship oil-to-chemicals (O2C) business was hurt by weak demand and a steep fall in refining margins. Reliance’s O2C business is still its main growth engine that powers …

MUMBAI, July 21 (Reuters) – India’s biggest cinema operator PVR Inox ( PVRL.NS ) is banking on Hollywood’s “Oppenheimer”, “Barbie” and unlimited popcorn to pack theaters after a string of Bollywood flops kept away those patrons who still favor going to the movies over streaming services. Hoping to cash in …