Revenue
- Technology
Huawei’s revenue loss slows down amid Cloud push
Shenzhen: Chinese conglomerate Huawei on Friday posted nearly 6 per cent loss in revenue for the first six months of the year and its device business, which includes smartphones, fell 25.4 per…
- Technology
Coinbase reports $1.1 bn in net loss, revenue drops 60% in Q2
New Delhi: Largest cryptocurrency exchange Coinbase has reported a massive loss in both revenue and profit in the June quarter — logging $1.1 billion in net loss as revenue declined from $2.033…
- Telangana
Telangana: Stamps and registration dept amasses revenue of Rs 14.6 cr
Hyderabad: The stamps and registration department has witnessed an increase in revenue though sale of duty stamps and registrations this year. The revenue increased from 6 percent to an all-time high of…
- Business
iPhone revenue reaches $40.7 bn despite headwinds in June quarter
New Delhi: Riding on the iPhone 13 series, Apple saw its iPhone revenue jump 3 per cent to a record $40.7 billion in its June quarter. The iPhone growth was achieved “despite…
- Business
Wipro records gross revenue of Rs 215.3 billion in Q1
Bengaluru: Leading technology services and consulting company, Wipro, on Wednesday announced it registered a gross revenue of Rs 215.3 billion ($2.7 billion), an increase of 17.9 per cent YoY, in Q1. In…
- Technology
DoT scraps 3% floor rate on 5G spectrum usage charge
New Delhi: In a big relief for telecom companies, the Department of Telecommunications (DoT) has scrapped the 3 per cent floor rate on spectrum usage charge (SUC). As the government prepares for…
- Technology
Global server market revenues to reach $112 bn in 2022
New Delhi: The global server market’s revenue is expected to grow 17 per cent (on-year) to reach $111.7 billion in 2022, according to a new report. From an enterprise perspective, transformation to…
- Business
Adani Group’s drone division exploring two revenue models similar to tractor industry
New Delhi: The Adani Group’s commercial drones division is exploring two revenue models — dealer-based and service-based — while keeping its primary focus on the agriculture sector, a top official of the…
- Technology
Netflix saw 3.6 mn service cancellations in US in Q1
San Francisco: As Netflix admitted that it is fast losing paid subscribers, data analytics provider Antenna has revealed that the subscription platform actually saw 3.6 million cancellations in the US, its most…
- Business
Paytm FY22 results: Revenue jumps 77% to Rs 4,974 cr, losses reduce 8% to Rs 1,518 cr
New Delhi: One97 Communications Limited (OCL) that owns the brand Paytm, Indias leading mobile payments and financial services company, announced its quarter-ending March 2022 and full financial year FY22 results. The company…
- Middle East
Saudi Arabia records $15 bn surplus in first quarter of 2022
Saudi Arabia has recorded a surplus of $15.3 billion in the first quarter, despite increased income from the oil sector, as the officials kept spendings restrained. The total government income for this…
- Telangana
Telangana: Commercial Taxes dept issues OTS scheme to settle legacy dues
Hyderabad: The Commercial Taxes department on Monday announced a one-time settlement (OTS) scheme to settle disputed tax under the legacy Acts such as the Andhra Pradesh General Sales Tax Act (1957), the Telangana…
- Hyderabad
IIT-H’s iTIC incubator invests around Rs 1.5 crore in DeepTech startups
Hyderabad: The iTIC Incubator at IIT Hyderabad (IITH) recently chose eight deep tech businesses from across India for help through its pre-incubation and incubation programmes and has invested around Rs 1.5 crore…
- Business
Mukesh Ambani’s RIL becomes first Indian company to cross $100 bn annual revenue
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins,…
- Hyderabad
Hyderabad: Early Bird offer on property tax works well for GHMC
Hyderabad: For the first time since its inception, the Greater Hyderabad Municipal Corporation’s (GHMC) Early Bird scheme has surpassed Rs 600 crore in collections, with the civic body now expecting the scheme…
