17 major OTT players adopt toolkit for regulation

The Internet and Mobile Association of India said it will set up an ‘IAMAI Secretariat for the Code’ to administer implementation their self-regulation code and the toolkit. Even as the government is soon expected to come out with regulations for OTT platforms, the Internet and Mobile Association of India (IAMAI) […]

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Samsung reports profit jump driven by strong chip demand

“For 2021, the company expects a recovery in overall global demand but uncertainties persist over the possibility of recurring COVID-19 waves,” Samsung said in an emailed statement. Samsung Electronics Co. said on January 28 its operating profit for last quarter rose by more than 26% as it capped off a […]

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RIL net rises 12.5%, revenue slides 21%

Refining-to-telecoms firm shrinks costs by 22% helping buoy profit, adds 50,000 jobs since March Reliance Industries Ltd. (RIL) on Friday reported third-quarter consolidated net profit rose 12.5% to ₹13,101 crore, from ₹11,640 crore in the year-earlier period, helped by a 22% decline in costs. Revenue from operations, however, declined 21% […]

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TKM lifts two-month long factory lock-out

Normal production to resume from Tuesday. Toyota Kirloskar Motors has on Tuesday decided to withdraw the lock-out that was introduced over two months ago at its Bidadi manufacturing plants after its employees’ union went on a strike protesting the suspension of one of the factory workers. Consequently, normal production will […]

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Bharat Biotech to supply Covaxin to Brazil

‘Twelve million doses to be shipped’ Covaxin maker Bharat Biotech has signed an agreement with Precisa Medicamentos, a firm in Brazil, to supply the COVID-19 vaccine candidate to the Latin American country. Twelve million doses of the indigenous vaccine are likely to be supplied over a period of time and […]

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