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Dixon Technologies: Q4FY24 performance disappoints, valuation rich

Dixon Technologies January-March quarter (Q4) results came in well below expectations, but the potential for signing up a new mobile client, and plans for backward integration into display manufacturing kept investors happy. Dixons Q4FY24 revenue grew 52 per cent year-on-year (Y-o-Y) to Rs 4,660 crore, below Street consensus, due to weakness in consumer electronics (Rs 890 crore) and home appliances (Rs 294 crore) segments.
Jio Bharat Dixon Technologie January March Consumer Business Mobile Bill
Source: rediff.com

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Russia's Putin gives Rostelecom approval to buy Nokia out of joint venture

:Russian President Vladimir Putin authorised a subsidiary of telecoms firm Rostelecom on Wednesday to buy Nokia Solutions and Networks' stake in a software joint venture between the companies, according to a decree. Finland's Nokia said in April 2022 that it would exit the Russian market after Moscow despatched
Vladimir Putin Nokia Solutions Russian President Vladimir Putin

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