Billionaire Elon Musk’s troubles are not decreasing after purchasing microblogging site Twitter. Musk had taken a huge loan for the Twitter deal and his team is now planning to raise up to three billion dollars to repay some part of it. Musk had taken a loan of about 13 billion dollars for this deal. The…
The revenue of One97 Communications, the company of Paytm, which provides payment services app, increased by 42 percent in the last quarter to about Rs 2,062 crore. This is an increase of about eight percent on a quarterly basis. The company says that a major reason behind this is the increase in the number of…
Zomato, which provides food delivery service through the app, has stopped its service in about 225 cities last month. The company has given this information in the December quarter results. Zomato has said that this decision has been taken due to low number of orders in these cities for the last few quarters. The company…
Bharti Airtel, one of the big telecom companies, has paid a large part of the spectrum outstanding amount to the Central Government. The company has paid more than Rs 84 billion to the government. The company had purchased spectrum in 2016 for approximately Rs 17,852 crore. Although, Bharti Airtel Has not told how much outstanding…
Japanese consumer electronics company Sony has increased its revenue and profit forecasts for the current financial year. The company’s music and software divisions have performed well in the first quarter. Sony’s operating profit for the quarter ended June increased to JPY 279.1 billion (about $1.9 billion). It was about JPY 253 billion in the same…
Accenture, one of the largest information technology companies, has planned to do a large number of technology related hiring in the country. Out of approximately 7.7 lakh global workers of this company, more than three lakh are Indians. In the last quarter, Accenture hired more than 24,000 workers. “We are hiring primarily in India. There…
Microblogging site Twitter’s rival Threads has crossed the mark of 10 crore registered users in less than a week of its launch. In this app of Meta, which runs the social media site Facebook, users can also log in with the details of their Instagram account. It has been introduced as an alternative to services…
Microblogging site Twitter’s rival Threads has crossed 100 million sign-ups within a week of its launch. It has achieved the feat of becoming the fastest growing online platform, surpassing ChatGPT. Meta Platforms, which runs social media site Facebook, launched Threads last week. about this meta CEO Mark Zuckerberg said, “This is a demand that the…
The country’s telecom sector has seen major changes in the last few years. Big telecom companies have overcome financial difficulties and achieved growth. However, a decision of the Supreme Court on Thursday has given a big blow to this sector. The Supreme Court has rejected the request of telecom companies to recalculate the amount due…
China’s Lenovo has suffered a major setback due to the fall in demand for personal computers (PC). The company’s revenue fell by 24 percent in the June quarter. The world’s largest PC maker has been facing a decline in sales for four consecutive quarters. In the last financial year, the company’s profit was down by…
