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.