Monday, October 12
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) surged 3% to the day’s high of Rs 800 on NSE on Thursday, after the company reported a 26% year-on-year (YoY) rise in its consolidated net profit for Q4FY25 to Rs 358 crore, compared with Rs 284 crore in the same quarter last year.Revenue from operations for the March quarter stood at Rs 1,269 crore, up 10% from Rs 1,152 crore reported in Q4FY24.On a sequential basis, profit after tax (PAT) rose 5% from Rs 341 crore in Q3FY25. Revenue was up 4% from Rs 1,225 crore in the October–December quarter.For the full financial year, the net profit stood at Rs 1,315 crore versus Rs 1,111 crore reported in FY24. The FY25 revenue stood at Rs 4,675 crore versus Rs 4,26O crore in the previous financial year.The state-run company repor
The New York Times for the first time has agreed to license its editorial content to Amazon which the tech major can use to train its artificial intelligence (AI) models. The financial terms of the deal were not disclosed.Amazon products, like the Alexa smart speakers, could use the summaries and short excerpts of NYT stories and cooking recipes, while and the company's AI models, could now learn from them. The deal comes even as NYT continues its legal battle with OpenAI and Microsoft after suing them in 2023 for copyright infringement. The renowned news publication is seeking billions of dollars in damages from the tech giants for allegedly using millions of its articles to build the AI models underpinning OpenAI’s ChatGPT. "The deal is consistent with our long-held principle that high
The government has approached telecom regulator TRAI for recommendations on reserve price and other modalities for the auction of at least nine mainstream spectrum bands, including 800 MHz, 900 MHz and 1800 MHz, that are primarily used for transmitting mobile phone voice and data signals.Sources told PTI that Telecom Regulatory Authority of India (TRAI) has been asked for its views on 2500 MHz, 3300 MHz and 26 GHz bands, as well. DoT has also urged the telecom regulator to offer fresh recommendations for auction of spectrum in 600 MHz bands. In the last auction in 2024, this particular band - 600 MHz (612-652/663-703) had not been put on the block as it did not find any takers in the 2022 auctions."In the ITU Radio regulations also, this band has not been identified at the regional or glob
Mazagon Dock Shipbuilders reported a 51% year-on-year decline in its Q4FY25 consolidated net profit at Rs 325 crore versus Rs 663 crore posted in the year ago period. The company's revenue from operations in the said quarter stood at Rs 3,174 crore, gaining by 2.3% over Rs 3,103 crore reported in the corresponding quarter of the last financial year.The profit after tax (PAT) fell 60% on a sequential basis Rs 807 crore reported by the state-run company in Q3FY25 while the revenue from operations saw a marginal uptick of 1% on the quarter-on-quarter basis against Rs 3,144 crore reported in the October-December quarter of FY25.The company's Q4 expenses jumped 20% at Rs 3,114.11 crore versus Rs 2,604 crore in the corresponding quarter of the last financial year. It was 31% higher from Rs 2367
