Since then, Google has been rumoured to eye a stake in embattled Vodafone-Idea. Financial Times, which in May reported the talks, suggested Google was considering buying a 5 percent stake but that might be considerably less ambitious. The third leading telecom player, Bharti Airtel, is believed to be negotiating a $2 billion stake sale to Amazon, though buzz around the company’s shares suggest the rumour — and perhaps the prospect itself — has cooled. Regardless, it seems more likely than not that Airtel will find a partner for a digital push to rival Jio. … [Read more...] about The road ahead for Google’s $10-billion India Digitisation Fund
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At the operating level, its earnings before interest and tax (EBIT) grew by 2.6 percent sequentially to Rs 262.3 crore and margin expanded 120 bps to 13.7 percent QoQ in the June quarter, both ahead of CNBC-TV18 poll estimates of Rs 253 crore and 13.04 percent. … [Read more...] about Mindtree Q1 profit rises 3.3% to Rs 213 crore, dollar revenue falls 9%
With a sprawling operating budget of over $300 million and a heavy reliance on the deep pockets of rich patrons, the Met is facing an existential crisis in the COVID-19 era. Mass gatherings in New York have been sidelined since March, and while the organization has said it hopes to reopen its doors on December 31, theater insiders increasingly believe indoor venues will not be able to welcome large crowds until there is a working vaccine or treatment. … [Read more...] about Why watch UFC when you can pay-per-view the Met Opera?