Shares of IndiaMART InterMESH plunged more than 8 percent in intra-day trading on Wednesday after the company reported a significant drop in subscriber additions for the quarter ending June 2024. IndiaMART InterMESH posted a 37.18 percent increase in its Q1 net profit, reaching ₹114 crore compared to ₹83.1 crore in the same period last year. Revenue from operations also rose …
Jio Platforms has recorded a significant 12.5% year-over-year increase in net profit and reached up to Rs. During the reported quarter, Jio Platforms witnessed a net addition of over 90 lakh subscribers, with total data traffic soaring over 28% YoY to 33.2 billion gigabytes. Jio Platforms, which includes telecom arm Reliance Jio Infocomm and various startups, has seen significant progress …
Wireless revenues of telecom companies Bharti Airtel and Vodafone Idea Ltd are expected to fall during the first quarter of current fiscal on account of the nationwide lockdown, according to a report by Emkay Global. "Wireless revenues for Bharti and VIL shall fall in Q1FY21 due to the nationwide lockdown, which resulted in delayed recharges by low ARPU prepaid subscribers …
