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MapmyIndia's Q4 Profit Zooms 28% YoY To INR 49 Cr

India, May 9 -- Geotech company MapmyIndia posted a consolidated net profit of INR 49 Cr in the fourth quarter of FY25, marking a near 28% jump from INR 38.3 Cr in the year-ago quarter. On a quarter-o... Read More


TRAI Proposes Satcom Spectrum Allocation For 5 Years

India, May 9 -- The Telecom Regulatory Authority of India (TRAI) has recommended a five-year tenure for spectrum allocation for satellite-based communication (satcom) service providers. The proposal ... Read More


JioMart, Flipkart Among Ecommerce Players Told To Halt Illegal Walkie-Talkie Sales

India, May 9 -- The Central Consumer Protection Authority (CCPA) today issued 13 notices to a host of ecommerce marketplaces, including Amazon, Flipkart, Meesho, OLX, TradeIndia, Facebook and IndiaMAR... Read More


Dream Sports Joins Ownership Group Of Salford City FC

India, May 9 -- After shifting its domicile to India in March, Dream11's parent entity Dream Sports has now joined the ownership group of English football club Salford City FC. Dream Sports has becom... Read More


Delhi HC Orders Seizure Of 129 BluSmart Vehicles

India, May 9 -- The Delhi High Court has ordered seizure and relocation of 129 electric vehicles leased by Gensol Engineering to ride-hailing startup BluSmart, following a petition by lender STCI Fina... Read More


Swiggy Instamart's Q4 Adjusted EBITDA Loss Widens 45% To INR 840 Cr

India, May 9 -- Swiggy Instamart's loss widened sharply in Q4 FY25 as the company ramped up marketing spending and dark store expansion amid growing competition in the quick commerce space. Swiggy In... Read More


Swiggy's Q4 Loss Surges 95% YoY To INR 1,081 Cr

India, May 9 -- Foodtech major Swiggy's losses magnified 95% year-on-year (YoY) to INR 1,081.2 Cr in the fourth quarter (Q4) of the financial year 2024-25 (FY25). On a sequential basis, the company's ... Read More


Starlink Clears First Regulatory Hurdle, Gets Letter Of Intent From DoT

India, May 9 -- The government has given Elon Musk's Starlink a conditional nod to operate satellite-based internet services in India. Crossing the first major regulatory hurdle, the company received... Read More


Vedantu Achieves Profitability In Q4 FY25: CEO Vamsi Krishna

India, May 9 -- Edtech startup Vedantu achieved profitability in the March quarter of the fiscal year 2024-25 (Q4 FY25), with collections surging 67% year-on-year (YoY) to INR 90 Cr, cofounder and CEO... Read More


After Tamil Nadu, Gujarat & UP To Join Electronics Manufacturing Race: Report

India, May 9 -- After Tamil Nadu, now Gujarat and Uttar Pradesh are reportedly aiming to become key hubs for electronics components manufacturing. Gujarat, which has already earmarked sites in Dholer... Read More