Tuesday, September 15
Airtel's Xtelify on Monday launched 'telco-grade cloud platform ‘Airtel Cloud’ to meet the digital needs of businesses in India.The cloud platform is tailored to handle 140 crore transactions per minute for Airtel’s own use in India, which is now extended to serve businesses pan-India."It is a very pivotal moment in our history as we take our world-class, home-grown platforms of Airtel Cloud and software solutions to businesses in India and telcos all over the world," said Gopal Vittal, Vice Chairman and MD of Bharti Airtel.Hosted on next-gen sustainable data centres, with Gen-AI-based provisioning, and managed by 300 certified cloud experts, the highly secure and reliable Airtel Cloud offers IaaS, PaaS, and advanced connectivity and guarantees secure migration, effortless scaling,
Consumer goods major Marico on Monday reported a 9% year-on-year (YoY) increase in consolidated net profit attributable to the owners of the company at Rs 504 crore for the June 2025 quarter, as double-digit international growth and price-led gains in its domestic portfolio drove the company's bottom-line performance.Marico reported a 23% YoY jump in its consolidated revenue from operations to Rs 3,259 crore, as compared to a revenue of Rs 2,643 crore in the year-ago quarter. The company had posted a net profit attributable of Rs 464 crore for the March-June period a year ago.On the operating front, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 5% to Rs 655 crore, but EBITDA margin narrowed to 20.1% from 23.7% a year earlier, reflecting the impact of elevated
The Securities and Exchange Board of India (Sebi) is pushing for sweeping structural changes to the country’s fast-expanding derivatives market, a report said, following its high-profile crackdown on U.S. trading firm Jane Street over alleged manipulation.Sebi is examining broader reforms to rein in what it describes as unfair practices in the booming options market, according to a Financial Times report published Monday. Sebi Chair Tuhin Kanta Pandey told the publication that despite recent interventions, “the volumes have come down but not to the extent that is desirable,” adding that “(the) derivatives market needs some structural reforms.”India’s derivatives market has surged in scale, accounting for nearly 90% of global options trading volume in 2023, per industry body FIA
