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Digital marketing and technology solutions provider Brightcom Group on Saturday said its consolidated Profit After Tax (PAT) jumped over three-fold to Rs 120.68 crore in the March quarter, compared to the year-ago period, mainly driven by higher revenues. In the quarter ended March 31, 2024 the company had reported a profit of Rs 37.46 crore, according to a company statement. Brightcom Group's operating income stood at Rs 987.48 crore in Q4FY25, up from Rs 704.60 crore in the same quarter of the previous year. For the fiscal 2024-25, the consolidated PAT for FY25 was Rs 710.03 crore, as against Rs 687.52 crore recorded in the previous fiscal year, the statement added. Brightcom achieved a consolidated operating income of Rs 5,146.66 crore, up from Rs 4,662.25 crore in FY24. The company further said that it has secured an interim relief from the Telangana High Court, which suspended certain penalties imposed by SEBI, citing a lack of prima facie evidence. Looking ahead, Brightcom
TikTok and Facebook owner Meta are filing legal challenges against new European Union rules designed to counter the dominance of digital giants and make online competition fairer by giving consumers more choice. TikTok said in a blog post Thursday that it's appealing being classified as an online "gatekeeper" by the Digital Markets Act, arguing that it's playing the role of a new competitor in social media that is taking on entrenched players. Meta said a day earlier that it disagrees with the 27-nation bloc's decision to include its Marketplace and Messenger as gateway services under the new rules, adding that it is seeking "clarification on specific points of law." The Digital Markets Act will take effect by March, with a list of dos and don'ts for big tech companies aimed at giving users more choices and threatening big penalties if they don't comply. Labeling TikTok a gatekeeper undermines the DMA's goal by protecting actual gatekeepers from newer competitors like TikTok, the .