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Reliance Industries' oil and gas exploration segment has shown a significant jump in performance, with a 22% increase on a sequential basis and a 50% increase on a YoY basis. The current EBITDA number for the segment stands at close to Rs 5,800 crore. Mayuresh Joshi, Head-Equity Research-India at William O'Neil, expects the numbers to remain stable and increase at a reasonable pace.

Telecom Regulatory Authority Of India: The regulator said that in the case of the metaverse, these problems are likely to get significantly worse because the technology will not just track where users click, but where they go, who they are with, what they do, what they look at, even how long their gaze lingers. In the consultation paper, Trai has sought views on the need to develop a regulatory framework for the responsible development and use of Metaverse.

Qualcomm Technologies, Inc.: NTT and Qualcomm said they will combine their expertise to address the need for 5G-enabled devices that support use cases, such as push-to-talk, augmented reality, computer vision cameras and sensors at the edge across the manufacturing, automotive, logistics and other industries.

HFCL’s profit rose to Rs 75.56 crore in the first quarter of the current fiscal as compared to Rs 53.1 crore in the same quarter last year. Revenue from operations came in at Rs 995.19 crore, 5.3% lower on-year than Rs 1051.02 crore reported a year ago.

HCLTech, a leading global technology company, launched a range of innovative technology solutions for the 5G ecosystem at the Mobile World Congress 2023.