Welcome to the world of facts and news

Nykaa’s net profit rises 42% on year to Rs 5 crore in Q1

Mumbai-based FSN E-Commerce Ventures, the parent entity of Nykaa, said total income grew 18% sequentially, while profit declined by 25% quarter on quarter.

from Tech-Economic Times https://ift.tt/kWmS1nA

Twitter rejects Elon Musk's claims that he was hoodwinked

Twitter's filing is the latest salvo in what is building up to be an increasingly acrimonious legal showdown between the world's richest person and the social media giant.

from Tech-Economic Times https://ift.tt/XnJsvD2

India seeks wider authority over global M&A with antitrust law

India’s current antitrust rules allow the regulator to examine deals based on asset size and turnover of the companies involved, but the amended law will, for the first time, allow the competition commission to scrutinize transactions based on their value.

from Tech-Economic Times https://ift.tt/kXojtw6

New data bill draft is almost ready: IT Minister Ashwini Vaishnaw

IT Minister Ashwini Vaishnaw says govt will put it out for public consultation and subsequent govt approvals very soon.

from Tech-Economic Times https://ift.tt/0S639HX

Maybe government thought it wiser to come out with a reworked bill: Justice BN Srikrishna

​​The bottom line is that they are not in a position to pass a law to deal with the protection of personal data of citizens of India. So, we should wait and watch on what other factors they will consider as and when they do it (referring to the comprehensive legal framework that the government says it is working on).​​

from Tech-Economic Times https://ift.tt/SP3an1O

Tech companies have to wait a while for direct 5G spectrum allotment

In June, TCS’ chief operating officer N Ganapathy Subramaniam told ET that private networks will enable Indian organisations to accelerate their digital agenda.

from Tech-Economic Times https://ift.tt/rYZikHP

Freshworks pares annual revenue guidance; Q2 revenue jumps 40%

Churn in SMBs higher but mid-market, enterprise segments showing resilience: CEO Girish Mathrubootham

from Tech-Economic Times https://ift.tt/PzRItmH

Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...