Spotify India has reported a significant reduction in its net loss for the financial year ending March 2023. According to financial data from business intelligence platform Tofler, the audio streaming giant's India unit narrowed its net loss by 26 percent to INR 344 crore.
Category: Technology
Govt. notifies additional provisions in Telecom Act 2023
The Indian government has announced the notification of additional sections of the Telecommunications Act 2023, focusing on the optimal utilisation of spectrum and the appointment criteria for the telecom regulator's leadership. The newly notified sections—6-8, 48, and 59(b)—come into effect immediately. These sections build on the provisions...
Airtel denies data breach of 375 mn users
Bharti Airtel has denied claims of a massive data breach, which alleged that the data of 375 million Indian users was up for sale on the dark web, saying that "this is nothing short of a desperate attempt to tarnish Airtel's reputation by vested interests." ...
Threads hits 175 million users on first anniversary
Meta's alternative to X (formerly Twitter), Threads, has reached a significant milestone by hitting 175 million monthly users on its first anniversary. The announcement was made by Meta CEO and Facebook founder Mark Zuckerberg on Wednesday via Threads, celebrating the platform's rapid growth since its unexpected launch, AFP reported. Threa...
Mobile tariff hike to boost telcos’ profits by ₹20,000 cr: Experts
The latest round of 15-20 percent mobile tariff hikes for prepaid and postpaid plans by telecom service providers (TSPs) can result in additional operating profits of around Rs 20,000 crore for the industry once these hikes are fully absorbed, industry experts said yesterday.
Bharti Airtel to implement tariff hike from July 3
Telecom major Bharti Airtel, on Friday, announced a steep hike in mobile tariffs, with effect from July 3, IANS reported from New Delhi. In the unlimited voice plans, the company raised mobile tariffs from Rs 179 to Rs 199, from Rs 455 to Rs 599, and from Rs ...