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NEWS

Posted On:
22-07-2024

PhonePe CEO apologises for lashing out at Karnataka reservation bill

Sameer Nigam, chief executive officer and founder of fintech giant PhonePe, on Sunday evening, offered an unconditional apology if his recent statement related to Karnataka's job reservation bill had hurt anyone’s sentiments. Nigam recently voiced strong opposition to the Karnataka government’s proposed private jobs quota bill, which seeks to reserve a substantial portion of private sector jobs for locals. Though Karnataka has paused the bill after pushback from tech companies, Nigam of PhonePe has drawn the ire of many Kannadigas following his criticism of the state government's proposed job quota bill. “I read some recent media articles, relating to a few personal comments that I made last week regarding the draft job reservation bill. I would first and foremost like to clarify that it was never my intention to insult Karnataka and its people,” said Nigam on Sunday. “If my comments hurt anyone’s sentiments in such a way, I am truly sorry and would like to offer you an unconditional apology. I have the highest regard for Kannada, and all other Indian languages. In fact, I truly believe that linguistic diversity and rich cultural heritage are a national asset that all Indians should be proud of; and all Indians should be respectful of and celebrate local and cultural norms,” said Nigam.
internship

Posted On:
23-07-2024

Nokia achieves 5G download speed of 1.2 Gbps during trial with Airtel

Finnish telecom gear maker Nokia has achieved a top download speed of 1.2 gigabit per second for 5G services several times during trials it concluded recently, the company said on Monday. The download speed was achieved during the first 5G non-standalone (NSA) Cloud radio access network (RAN) trial with Bharti Airtel (Airtel) in India. "The trial took place in an over-the-air environment utilising 3.5 GHz spectrum for 5G and 2100 MHz for 4G. Data calls were successfully performed with commercial user devices over Airtel's commercial network achieving a throughput of over 1.2 Gbps," Nokia said in a statement. Nokia spokesperson said the top speed of over 1.2 Gbps was achieved several times during the trial in the mid-frequency band of 3.5 Ghz. "This successful trial with our long-term partner, Bharti Airtel supports their ambitions for building scalable, agile and highly automated networks. Nokia's approach to Cloud RAN means that our customers can flexibly evolve to Cloud RAN with choices in Cloud infrastructure and data centre hardware. This will drive efficiency, innovation, openness, and scale in their RAN evolution," Nokia President of Mobile Networks Tommi Uitto said. The trial was conducted using cloud network technology that eliminates the requirement to have several physical network elements.
internship

Posted On:
23-07-2024

Suzlon Group Q1 results: Profit after tax nearly three-fold up at Rs 302 cr

Suzlon Group on Monday said its profit after tax (PAT) went up almost three-fold to Rs 302 crore in the June quarter, on the back of higher revenues.It had clocked a PAT of Rs 101 in the year-ago period, the company said in a statement."Our largest-ever order book of 3.8 GW gives us great visibility for the future," Suzlon Group Vice Chairman Girish Tanti said. Suzlon Group on Monday said its profit after tax (PAT) went up almost three-fold to Rs 302 crore in the June quarter, on the back of higher revenues. It had clocked a PAT of Rs 101 in the year-ago period, the company said in a statement.
internship

Posted On:
24-07-2024

Bajaj Finance Q1 results: Net profit increases 14% to Rs 3,912 crore

India's Bajaj Finance reported a smaller-than-expected first-quarter profit on Tuesday, weighed by higher provisions for bad loans. The company reported a consolidated net profit after tax of Rs 3,912 crore ($467.5 million) for the quarter ended June 30, compared to analysts' estimates of Rs 4,029 crore, as per LSEG data.The results include the businesses of the non-banking financial company's subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities. Bajaj Finance's loan losses and provisions - the money set aside to cover potential defaults - grew nearly 70% to Rs 1,685 crore, well ahead of analysts' estimate of Rs 1,466 crore. Bajaj Finance Ltd
internship

Posted On:
24-07-2024

Bhutan king visits Adani's project sites, commends Mundra, Khavda

A high-level delegation from Bhutan led by its King and the Prime Minister on Tuesday visited Adani Group's flagship infrastructure project sites at Mundra and Khavda as part of their two-day visit to Gujarat. "Immensely grateful to His Majesty King Jigme Khesar Namgyel Wangchuck of Bhutan and Hon. @PMBhutan Dasho Tshering Tobgay for visiting Adani's 30 GW Renewable Energy site at Khavda and Mundra Port.Deeply inspired by Bhutan's vibrant spirit and steadfast commitment to eco-friendly initiatives. We are excited about doing our part to foster collaboration with the Land of the Thunder Dragon for a sustainable and greener future," group chairman Gautam Adani said in a post on X. Adani also posted pictures with the two. The primary aim of their visit was to explore extensive collaboration opportunities with the Adani Group across multiple sectors, sources said. In Mundra, Adani Group operates India's largest commercial port, while at Khavda it is developing the world's largest renewable energy park.
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