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Indus Towers’ strong profits in the December quarter was boosted by an extra Rs 300 crore received from key customer, Vodafone Idea (Vi) as interest income on the latter’s old dues, said analysts. They added that this is reflected in a 94.5% sequential jump in Indus’ other income to nearly Rs 602 crore in the third quarter, FY24. The Rs 300 crore interest income is in addition to the Rs 300 crore directly collected from Vi by Indus towards part-clearance of past dues. “Indus’ higher net profit in Q3FY24, benefitted from higher other income, which had Rs 300 crore interest income from overdues,” ICICI Securities said in a note. Indus’s net profit grew 19% sequentially in the December quarter to Rs 1,541 crore. As per Citi Research, after the latest payments, Vi’s old dues to Indus is now at Rs 5,700 crore.

President Tayyip Erdogan will give a final sign-off on Sweden's NATO membership within days, triggering rapid steps toward U.S. Congress endorsing a sale of F-16 fighter jets to Ankara. In an interview on Thursday, Ambassador Jeff Flake said that once the formal ratification document is received in Washington, the U.S.

₹101 apiece. Gabriel Pet Straps IPO will open for subscription on Wednesday, January 31, and close on Friday, February 2.

DCB Bank fell over 6 percent on Thursday after the lender witnessed a decline in its net interest margin (NIM) for the quarter ended December (Q3FY24). Its NIM for Q3FY24 declined sharply 21 bps QoQ to 3.48 percent. The lender posted an 11.2 percent year-on-year (YoY) rise in its net profit to ₹126.6 crore for the third quarter of FY24, as against ₹113.9 crore in the same period last year.

Canadian cybersecurity researchers are voicing concern and urging people to be vigilant after reports that a staggering 26 billion records have been exposed in a “supermassive leak.”

Sri Lanka’s parliament has overwhelmingly approved an internet regulation bill being criticized as a move to stifle speech in an election year

Sony Group Corp.’s lawyers got a nasty surprise during a routine call from the legal team of Zee Enterprises Entertainment Ltd. Nearly two years into tortuous merger negotiations to create a $10 billion Indian entertainment giant, Zee wanted the Japanese company to agree to a so-called “hold harmless” clause for its Chief Executive Officer, Punit Goenka, just weeks before the Dec. 21 deal deadline. Already wary of Goenka, who had been accused of financial impropriety by India’s markets regulator several months earlier, Sony executives wondered why he requested indemnity. On his part, Goenka was worried that Sony would start a witch hunt against him after the merger was completed and it got what it wanted: access to Zee’s deep library of local entertainment content. The account of this weeks-long stalemate was pieced together by speaking to people familiar with the matter who asked not to be identified as the talks were private.

Amazon on Wednesday said it will stop letting police directly ask people for video from the company's Ring doorbell or home security cameras. App updates include getting rid of a «Request for Assistance» feature that allowed police to request and receive video captured by Ring cameras, according to a post by Ring executive Eric Kuhn.

Argentina's President Javier Milei faced a one-day general strike Wednesday protesting his decree targeting unions as well as his proposals for economic and labor law changes

Canada's federal commission of inquiry into foreign interference is looking to examine alleged meddling by India in the country's last two general elections, Canada-based CTV News reported. The commission, in a statement on Wednesday, said it has asked the federal government to produce documentation related to these allegations. The commission's terms of reference, published last year, direct it to assess possible interference by China, Russia, and other foreign states or non-state actors in the 2019 and 2021 federal elections, the CTV News reported. The statement signals the commission's intention to probe any role India might have played in influencing the two ballots, as per CTV News. The commission's initial hearings, to begin Monday, will look at the challenges and limitations of disclosing classified national security information and intelligence to the public. According to CTV News, an interim report from the commission is due on May 3, with a final report expected by the end of the year.

Project Hertha will explore how network analytics could help identify financial crime patterns utilising a minimum set of data points.The project will map current and emerging financial crime typologies in real-time payment systems, drawing upon lessons from instant payment systems and digital asset networks. It will also build a synthetic dataset to test how the typologies could be identified accurately while reducing false positives.The project takes its name from the pioneering British scientist, prolific inventor, and suffragette Hertha Ayrton.

Want to take exposure to a sector which grows much faster than GDP

Ranjan Pai, chairman of Manipal Education and Medical Group, is set to emerge as the largest shareholder in Byju’s-owned Aakash Institute, with a 40% stake, people aware of the matter said. The Aakash board has approved the conversion into equity of the $300 million Pai invested during 2023, they added. This values the company — one of the remaining valuable assets for Byju Raveendran’s troubled edtech group — at around $700 million and renders it debt-free.

regulatory sandbox for the “functional security and validation” of Internet-of-Things (IoT) devices and work towards developing an “indigenous security ecosystem” for the cybersecurity of such devices. Additionally, it is also likely to push for the development of “indigenous tools for protecting and securing mobile apps”. For IoT devices, the IT ministry will also work with working groups to continuously update policies regarding the security of such devices.

companies surged on Wednesday as China's move to prop up its economy is seen boosting demand and prices of metals, but experts remain skeptical of this rally sustaining till there are definitive signs of stronger growth in the world's second-largest economy.

(Reuters) -Autonomous vehicle technology company Aurora Innovation said on Wednesday it had cut 3% of its workforce as part of a reorganization exercise.

Ford is recalling nearly 1.9 million Explorer SUVs in the U.S. because a trim piece can fly off and create a hazard for other drivers

The mother of an intellectually disabled girl has filed a lawsuit against Starbucks, Pittsburgh Public Schools and a property management company, accusing all three entities of negligence in creating the conditions that allegedly led to her daughter be...

Congress is getting involved in examining safety at Boeing after a panel blew off a Boeing 737 Max 9 jetliner in midflight

Recent mass layoffs from technology and media companies, including eBay, Riot Games and the Los Angeles Times, might have you thinking about your job security

China, the world's biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal