COVID drags Zensar Tech’s revenue, boosts Q1 profit

Zensar Tech, a mid-size IT and outsourcing company based in India, reported a 3.1% dip in its revenue (after adjusting for currency fluctuations) as the number of onshore employees fell sharply year-on-year due to COVID-19. Constant currency calculations measure how the company’s revenue would have performed had there been no change in currency exchange rates […]

Wonderla starts reopening water parks with Hyderabad

Wonderla Holidays Ltd, India‚Äôs largest amusement park chain, said it will re-open its Hyderabad amusement park from Aug 5, marking the first such facility under the company management to re-open after the second wave of COVID-19. The company had reopened its hotel, Wonderla Resorts, earlier this month, but its amusement parks are still shut as […]

Tata Steel Mining & JSL to jointly mine chromite in Odisha

Tata Steel Mining Limited said it signed an agreement with Jindal Stainless to jointly mine the chrome ore lying beneath the boundary between the companies’ mines in Sukinda in Odisha’s Jajpur district. Chromium is used to make shiny metallic items, such as stainless steel vessels and chrome-plated auto parts. The companies said the chromite — […]

Tata Power to set up EV charging points at HPCL pumps

Tata Power, one of the country’s largest power generation and distribution companies, said it has signed an agreement to set up electric vehicle charging points at the petrol pumps operated by Hindustan Petroleum Corporation Ltd or HPCL. The two companies, however, did not disclose the estimated number of such charging stations that will be put […]

HFCL to become 5G supplier, sets up dedicated unit

Telecom equipment and services provider HFCL Ltd said it plans to offer 5G equipment and turnkey services, marking a move up from its roots as a telecom contractor. The company, which has in recent years successfully diversified into manufacturing — particularly of fiber optic cables and terminal devices — said its new 5G network services […]

BSNL opens 449 fiber plan to everyone, Kerala Vision unveils new tariff

Kerala Vision, the ISP with the largest network in Kerala, has unveiled a new set of tariffs, after its primary competitor BSNL converted its 449 promotional scheme into a regular scheme with unlimited validity. BSNL last week converted its 449 promotional broadband scheme — which was initially valid only for six months — into a […]

Sunteck Realty Q1 sees sequential decline as second wave hits

Sunteck Realty reported a sequential decline in its collections for the first quarter of FY22 compared to the immediately preceding fourth quarter of FY21, as COVID-19 curtailed new launches. Nevertheless, collections were far better than the year-ago numbers. Collections refer to the actual cash that the company collects from its buyers. Total collections for the […]

Vodafone Idea denies reports on fiber asset sale

Vodafone Idea today said it is not considering any proposal to sell its fiber optic assets, data centers and You Broadband for $1 billion, as reported by Economic Times newspaper. However, responding to a different media report on the sale of its datacenter business and assets, it said these were not material enough for their […]

Cyient wins UK land digitization contract

Hyderabad-based mid-sized IT outsourcing provider Cyient Ltd said it, along with two partners, has won a contract to support one of UK government’s major land records digitization drives. The three companies will support Her Majesty’s Land Registry, the UK government’s land records bureau, to digitize nearly 26 million titles, accounting for around 87% of the […]

Pakistani group launches widespread phishing attack on Indians: ITSec firm

Seqrite, a cybersecurity consultant and the enterprise arm of Quick Heal Technologies, said a suspected Pakistani group has started a wave of sophisticated phishing attacks targeting India’s cricial infrastructure such as power and telecom. According to the IT security consultant, the initial intrusion chain begins with a spear-phishing email — an email that is designed […]

Indian Army orders more Akash missiles from BDL

Bharat Dynamics Ltd, the prime production agency under India’s Integrated Guided Missile Development Programme (IGMDP), said it received top-up orders worth Rs 499 cr for the supply of Akash missiles to the Indian Army. Bharat Dynamics Ltd had got a mega contract worth for Rs 14,000 cr for Aakash missiles in March 2018. In September […]

Matrimony.com buys Shaadisaga.com for Rs 11 cr

Matrimony.com, one of India’s top matchmaking service providers, has agreed to buy ShaadiSaga.com, a Delhi-based online wedding services marketplace, for Rs 11 cr in cash. Shaadisaga.com had revenue of Rs 2.11 cr for the year-ended March, down by about 45% from the previous year due to COVID-19. Shaadisaga.com works by helping couples getting married to […]

Panache Digilife to make laptops under PLI scheme, target WfH

Mumbai-based up-and-coming IT hardware manufacturer Panache Digilife said it intends to manufacture laptops and all-in-one PCs to target the consumer market, under the government of India’s production-linked incentive scheme. The company had qualified for receiving benefits under the PLI scheme last week, along with 13 others including Foxconn, Wistron, Dell, ICT, Dixon Technologies and Lava […]

Vodafone Idea CEO says daily data plans make no sense

Vodafone Idea CEO Ravinder Takkar has urged competitors Bharti Airtel and Reliance Jio to gradually move away from daily data plans, and said such plans made ‘no sense’ as consumers don’t use data uniformly. Daily data or unlimited plans were introduced by Reliance Jio as part of its Welcome Offer when it launched its services […]

Wonderla reopens Bangalore hotel, park to remain closed

Wonderla Holidays said it has decided to reopen its hotel, Wonderla Resort, near the Wonderla amusement park in Bangalore, from Monday. It said lock-down rules still do not allow it to open the amusement park yet. Wonderla Resort, which is a kind of weekend getaway on the Bangalore-Mysore road, will be opened with a 50% […]

COVID-19: Zydus Cadila’s DNA vaccine shows 100% efficacy in teens

Indian Pharmaceutical major Zydus Cadila has become the world’s first to seek approval for a DNA-based vaccine against COVID-19, with trials indicating 100% efficacy in adolescents against moderate disease after three doses. The vaccine, which is likely to be approved by Indian authorities, also promises relief for those afraid of needles, as it can be […]