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Industry Updates

PVR INOX MD Ajay Bijli: Implementing asset-light growth strategy for optimal returns

In Short:PVR INOX is focusing on reducing debt, improving EBITDA margins, and strengthening its balance sheet by adopting a franchise-owned and company operated model...

TRAI proposes govt funding for new telecom products

In Short:The Telecom Regulatory Authority of India (TRAI) suggests that new-age startups and innovators should be supported with funds to bridge the digital divide...

Glenmark USA recalls 6,528 bottles of blood pressure medication

In Short:Glenmark Pharmaceuticals is recalling 6,528 bottles of a high blood pressure medication in the US market due to failed dissolution specifications, as reported...

DataBank secures $725M credit facility for data center expansion

In Short:DataBank, a provider of edge colocation and managed cloud services, secured a new USD 725 million credit facility to fund expansion and construction...

BSNL’s 4G Delay Fosters Duopolistic Market

In Short:BSNL, a state-run Indian telecom operator, has been facing challenges in rolling out 4G using homegrown technology. With issues in their 4G tech,...

Miraj Entertainment partners with IMAX for expansion in India

In Short:Miraj Entertainment Ltd has partnered with IMAX Corporation to set up three new IMAX with Laser systems at key locations in India. Miraj...

Spectrum allocation for satellite communication players under scrutiny

In Short:The government needs to speed up the spectrum allotment to satellite communication firms, especially in times of crisis like natural disasters. Satellite firms...

EdgeConneX secures $1.9B in financing for EMEA expansion focusing on sustainability.

In Short:EdgeConneX has received $1.9 billion in sustainability-linked financing to expand its digital infrastructure in Europe, the Middle East, and Africa. This funding will...

Google Pixel 8a Design & Color Options Leak, to Debut at Google I/O 2024.

In Short:Google Pixel 8a, the affordable successor to Pixel 8, is set to launch at Google I/O 2024. Leaked images show four color options...

FEFKA demands compensation for South producers due to PVR’s refusal to screen Malayalam films

In Short:FEFKA announced that no Malayalam films will be shown at PVR-owned theatres until producers are compensated for losses due to the multiplex not...

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