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Tejas Networks reports consolidated net profit of Rs 33.55 crore in the March 2021 quarter

Tejas Networks reports consolidated net profit of Rs 33.55 crore in the March 2021 quarter
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Information Technology shares fall

Information Technology stocks were trading in the negative zone, with the S&P BSE IT Sector index falling 144.28 points or 0.54% at 26641.41 at 13:49 IST.
Among the components of the S&P BSE IT Sector index, HCL Technologies Ltd (down 2.89%), L&T Technology Services Ltd (down 2.81%),TVS Electronics Ltd (down 1.81%),HCL Infosystems Ltd (down 1.71%),Larsen & Toubro Infotech Ltd (down 1.56%), were the top losers. Among the other losers were Persistent Systems Ltd (down 1.53%), Mindtree Ltd (down 1.48%), Tech Mahindra Ltd (down 1.38%), Coforge Ltd (down 1.25%), and Tata Elxsi Ltd (down 0.62%).
On the other hand, Subex Ltd (up 13.9%), 63 Moons Technologies Ltd (up 5.37%), and Aptech Ltd (up 5.36%) moved up. ....

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Telecom stocks rise

Telecom stocks were trading with gains, with the S&P BSE Telecom index increasing 22.67 points or 1.72% at 1342.62 at 09:49 IST.
Among the components of the S&P BSE Telecom index, OnMobile Global Ltd (up 7.7%), Tejas Networks Ltd (up 4.98%),Indus Towers Ltd (up 4.42%),Reliance Communications Ltd (up 1.92%),ITI Ltd (up 1.85%), were the top gainers. Among the other gainers were Vindhya Telelinks Ltd (up 1.74%), HFCL Ltd (up 1.65%), GTPL Hathway Ltd (up 1.46%), Bharti Airtel Ltd (up 1.26%), and Sterlite Technologies Ltd (up 1.19%).
At 09:49 IST, the S&P BSE Sensex was up 384.38 or 0.8% at 48333.8.
The Nifty 50 index was up 112.7 points or 0.78% at 14472.15.
The S&P BSE Small-Cap index was up 299.67 points or 1.45% at 20973.74. ....

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Worldwide PC shipments increase 32% in first quarter, Lenovo leads

Worldwide PC shipments reached 69.9 million units in the first quarter of this year, a growth of 32 per cent from the first quarter of 2020, according to Gartner.
The top three vendors in the worldwide PC market remained unchanged from the previous quarter, with Lenovo maintaining the top spot by shipments, said the report.
All of the top six vendors experienced double-digit growth, and all, except Dell, gained market share compared to a year ago
This growth should be viewed in the context of two unique factors: comparisons against a pandemic-constrained market and the current global semiconductor shortage, Mikako Kitagawa, Research Director at Gartner. ....

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DoT to issue guidelines for implementation of PLI in telecom within week

The Department of Telecommunications (DoT) is likely to issue guidelines on implementation of production-linked incentive (PLI) schemes for manufacturers in the sector and start inviting applications for the same in about a week, according to government officials.
Telecom gear makers firms such as Ericsson and Nokia are keen to expand their operations in India, and global companies like Samsung, Cisco, Ciena and Foxconn have shown interest to set up manufacturing bases in the country for telecom and networking products for domestic and export markets.
Telecom PLI has already been approved by the government. The DoT is ready with guidelines to implement it, application format, incentive allocation, etc. It should be published on the DoT website within a week, the official, who did not wish to be named, told PTI. ....

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