Thu, Feb 8, 2024 6:50 PM
Microsoft partners with India's Sarvam AI for voice-based genAI tools
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Asia accounts for 60% of global crypto users and contributes the largest share of worldwide liquidity, according to Foresight Ventures, a crypto-focused venture capital firm. On Jan. 9, Foresight Ventures released its latest “GTM in Asia” report, co-published with Primitive Ventures, noting Asia’s influence in the global cryptocurrency landscape.
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Healthtech company Practo said Thursday it managed to slash its loss before interest, taxes, depreciation and amortization for the year through March 2024 and achieved an adjusted EBITDA profit in the fourth quarter. The company also reported a 23% growth in consolidated revenue to Rs 240 crore for FY24 from Rs 194.53 crore the year before, it said Thursday.
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IRB Infrastructure Developers Ltd and IRB Infrastructure Trust reported a 19% year-on-year growth in toll collections for December 2024, totaling ₹580 crore, driven by India's robust GDP growth. Despite a 9.1% decline in revenue, the company recorded a 4.3% increase in consolidated net profit, reaching ₹99.8 crore, with improved operating margins.
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