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PayU India reported $400 million in revenue for FY23, registering a growth of 31 percent. Going by its growth and profitability, the company could seek a valuation of somewhere between $4-$6 billion, sources said
Stove Kraft Limited announced that at its board meeting held on 29 July 2023, approved the appointment of Mr. Navin Singhania, as chief technology officer . Date of appointment is 29 July 2023. Mr....
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Market concentration in the country's telecom sector continues to scale new heights despite government bailouts of public-sector Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), and private-sector Vodafone Idea. The combined revenue (or net sales) share of the country's top two telecom operators - Bharti Airtel and Reliance Jio - in the sector's total reached an all-time high of nearly 72 per cent in FY23 from 70.4 per cent in FY22 and around 60 per cent in FY20. The net sales of Reliance Jio and Bharti Airtel India were Rs 1.67 trillion in FY23, up 18.6 per cent from ...