Page 49 - Tech Prowess News Today

The muted growth in profit comes on the back of the company seeing a marginal decline in its operating margin which fell from 17.2% in Q3 to 16.9% in Q4, a fall of 30 basis points (1.7%). A year ago, the companys operating margin was at 17.9%.

Total headcount for Tech Mahindra declined by 795 from the previous quarter to 145,455, and falling by 6,945 from 152,400 employees a year ago.

The Bharat Web3 Association (BWA) proposed that the government either form a panel to discuss model legislation in consultation with the industry or release a discussion paper on the subject within the first 100 days of forming the new government

Riding on deal wins in the fourth quarter from Airbus and Deutsche Aircraft, the ER&D (engineering and research and development) firm saw its Q4 revenue growing by 2.1% to Rs 1,860 crore. On a YoY basis, the Q4 revenue grew by 6.2%.

Boba Bhai, a quick-service restaurant (QSR) brand specialising in bubble tea and other food items, said it will use the capital for its plan to expand to 100 outlets within the next 12 months. "Our goal is to expand in tier-1 cities within the next six months and then go to tier-2 and tier-3 cities,” founder Dhruv Kohli said.

Some of Allens employees affected by the move told ET that the layoffs happened across centres in Chennai, Bengaluru, Delhi, Hyderabad and Panchkula. The offline teaching operations of Allen NExT have also come to a halt, they added.

Tatas IT arm and C-DOT, a government agency, will deploy Indias first locally developed 4G network solution for BSNL across its entire service area. This involves installing equipment at 38 locations.

Debjani Ghosh, president of IT industry body Nasscom, was speaking at the launch of Genpacts AI Innovation Centre in Gurugram. India may build some AI models, but it need not waste a lot of money and effort on this, she said.

Adukale, a D2C snacks and instant foods maker, was founded in 2009. The startup sells a variety of snacks and instant food ingredients for dishes like dosa, idli and poha. This capital will primarily be used for expansion of the companys offline presence.

This will be carried out with the ministry of electronics and information technology (MeitY) overseeing the process, an official aware of the matter told ET, adding that the last date for firms to apply is April 30.