Strike led to loss of $100 million: Samsung informs Madras HC

IANS | October 22, 2024 7:06 PM

Chennai, Oct 22 (IANS) Samsung India Electronics Private Ltd (SIEPL) informed the Madras High Court that the company lost around $100 million due to the recent strike by a section of employees led by the CPI(M)-affiliated Centre of Indian Trade Unions (CITU).

M-League's FY24 revenue surges 22% to $130 mn; achieves break-even with an Adjusted EBITDA of $0.2mn

IANS | October 22, 2024 4:32 PM

Bengaluru, Oct 22 (IANS) M-League, India’s leading gaming conglomerate, has announced its financial results for FY24, reporting a 22% rise in total income to $130 million. The company has also achieved break-even with an Adjusted EBITDA of $0.2 million. This growth is despite M-League absorbing headwinds associated with higher GST rates in its India operations. M-League’s portfolio includes Mobile Premier League (MPL) and GameDuell, the fastest-growing card and board game studio in Europe.

Luminous CEO stresses need for collective effort to increase women's role in economy

IANS | October 22, 2024 3:52 PM

New Delhi, Oct 22 (IANS) Preeti Bajaj, CEO and MD of Luminous Power Technologies, emphasised the need for the collective role of the government, industry, and citizens in increasing women's participation in the economy to 50 per cent, a crucial step for India to achieve its goal of becoming the third-largest economy in the world.