Page 224 - Industry News

Satcom spectrum allocation rules likely to be in place within two months

The spectrum allocation rules are the last lap that will enable Elon Musk-led Starlink, Bharti Group-backed Eutelsat Oneweb and Jio SES to apply for the radiowaves and start rolling out their services

Apple turns to Japan to ease China's rare-earth magnet supply squeeze

This squeeze had forced the company to close down the plant for two weeks till June-end - a move that was unprecedented

Starlink can provide services only to 2 million users in India: Centre

High cost and limited reach of Starlink's satellite internet will not impact BSNL's rural services, says Minister of State for Telecom Pemmasani Chandra Sekhar

Jyotiraditya Scindia pushes BSNL to lift Arpu by 50% over next year

Union minister emphasises ARPU and enterprise growth at BSNL review, says capex and strategic focus will yield positive operating cash flow in coming quarters

Nayara Energy sues Microsoft over EU sanctions-linked service suspension

Nayara seeks interim relief in Delhi High Court, says Microsoft suspended services citing EU sanctions despite no legal basis under Indian or US law

Torrent Pharma Q1 results: PAT up 20% on robust sales across territories

Torrent Pharmaceuticals reports Rs 548 crore Q1 net profit, led by strong growth in India, the US, and Brazil, with chronic therapies and top brands driving momentum

Fresh tourism policy on anvil for investment, economic growth in UP

Chief Minister Yogi Adityanath has called for promoting different forms of tourism such as heritage, rural, religious, and fort tourism

L&T Technology Services bags $60 mn multi-year agreement from a US client

L&T Technology Services (LTTS) has secured a $60 million multi-year agreement with a US-based telecommunications provider, marking its fourth $50 million-plus deal in the last year

SAIL-Bhilai URM achieves milestone of 5 mt of prime rail production

The Bhilai Steel Plant is the exclusive supplier of rails to the Indian Railways, and the URM was set up to produce high-quality rails in this capacity

Starlink to have 2 mn customers in India, offer 200 mbps speed: MoS Telecom

Union Minister says Starlink will be limited to 2 million users in India, offer 200 Mbps, and won't affect telecom services due to high costs and focus on rural, remote areas

Why Indian IT firms are cutting jobs even as revenue continues to grow

Even as top line growth holds steady, IT giants such as TCS, Infosys and Wipro are shedding jobs, signalling a shift to automation, pyramid reset and legacy rationalisation

Cert-In makes annual cybersecurity audit mandatory for companies

The guidelines by Cert-In allow sectoral regulators to mandate audits more frequently if needed, Cert-In said

India Inc faces a surge in family feuds amid succession planning vacuum

From the Ambanis to the Kapurs, unresolved succession plans and informal ownership structures are fuelling bitter family fights across India's corporate boardrooms

SCL fabricates 20 indigenous semiconductor chips designed by students

36 more chips designed by students in the pipeline

Beverage makers' April-June quarter takes a hit due to unseasonal rain

This has not only impacted sales of the cola brands but also traditional milk-based beverage products, such as lassi, shakes, flavoured milks, and buttermilk

Hotels target frequent air travellers to attract customers amid travel boom

Such initiatives highlight the rise in providing seamless travel experiences to travellers, as per hospitality industry executives

India's top IT services firms wrap up Q1 with single-digit topline growth

Management commentary painted a mixed picture, caution prevailed, yet industry CEOs also emphasised cost optimisation, vendor consolidation, and opportunities in AI makeovers

ED actions concluded at all locations, say Reliance Infra, Reliance Power

Reliance Infrastructure and Reliance Power clarify that Enforcement Directorate's actions have concluded at all locations, with no impact on business operations, financial performance, or stakeholders

Enact legislation to ensure time-bound delivery of services: CII

This reform, it argued, is crucial for strengthening regulatory certainty, enhancing predictability and improving the overall ease of doing business in India

Sun Pharma, Lupin, Dr Reddy's recall products in US due to mfg issues

Domestic drug majors Sun Pharma, Lupin and Dr Reddy's Laboratories are recalling drugs in the US market due to manufacturing issues and product mix up, according to the US health regulator.