Amazon, SpaceX grabs Nasa’s $278 million space communications contracts

Amazon’s satellite venture, SpaceX’s Starlink network and other satellite firms on Wednesday won a combined $278.5 million in contracts from Nasa to demonstrate communications in space as the U.S. space agency moves to replace its current satellite network in orbit with privately-built systems. Nasa is…

5G spectrum auction to take place in the second quarter of 2022, says Communications Minister Ashwini Vaishnaw

Communications and IT Minister Ashwini Vaishnaw on Thursday reiterated that the 5G airwaves and spectrum auctions will start rolling out in the second quarter next year. He noted that the Telecom Regulatory Authority of India (TRAI) had already issued a consultation process that was already underway and that once the…

Paytm’s Q2 net loss widens: Here’s what brokerages said

Shares of One97 Communications, Paytm’s parent firm, faced some turbulence on the stock market on Monday after the company reported its second quarter financial results. The company reported a 64 per cent year-on-year rise in revenue, while net loss widened by 8 per cent to Rs 473 crore. Though the…

Explained: Why Paytm shares fell sharply in early trade

Shares of One97 Communications Limited, the parent firm of Paytm, fell sharply in early trade on Monday after the company reported its Q2FY22 results. Paytm shares declined 4.6 per cent in early trade, but have made up some ground. Paytm shares traded 0.22 per cent lower at Rs 1,778 on the National Stock Exchange (NSE)…

Paytm shares recover for 2 straight sessions, rise over 16%

Shares of One97 Communications, Paytm’s parent firm, recovered sharply for the second straight session after falling sharply for the first two days. Paytm shares were trading nearly 16 per cent higher on the Bombay Stock Exchange (BSE) at above Rs 1,700 apiece at 12:50 pm. On the NSE, too, the shares of the leading…

Paytm shares fall sharply on day 2: What should you do?

The shares of Paytm’s parent firm, One97 Communications Limited, continued to fall sharply for the second straight trading session, leading to a big drop in market capitalisation. The market capitalisation of Paytm plunged below Rs 1 lakh crore after shares of the digital payments firm failed to recover on day 2.…

Paytm’s poor run continues on D-Street, shares fall over 17%

Paytm’s poor on the stock markets continued on Monday as the shares of its parent company One97 Communications fell over 17 per cent at around 12 pm. The stock plunged 17.45 per cent on the Bombay Stock Exchange, declining for the second straight session after falling nearly 28 per cent on Thursday. Paytm shares…

Paytm registers weak stock market debut, lists at heavy discount

Leading online payments platform Paytm’s operator One97 Communications registered a weak debut on Dalal Street, listing at a discount of 9 per cent compared to the issue price after its Rs 18,300 crore initial public offering (IPO). The stock opened at Rs 1,950 on the National Stock Exchange (NSE), while the…

Perseverance rover begins imaging as Mars comes into Earth’s views, Ingenuity helicopter revs up

Two weeks after it went into hibernation on Mars, the Perseverance rover is set to trundle again. With communications returning to normal between Mars and Earth, the rover is scoping the area as it remains parked between two outcrops. The rover is imaging the area and studying the weather as engineers chart its course…

Zoom Shares See Record Worst Day In 9 Months As WFH Surge Ends

Zoom Video Communications Inc shares tumbled nearly 17% on Tuesday, after the video conferencing company signaled a faster-than-expected drop in demand and analysts questioned its future plans as people return to office. Zoom and other video conferencing services such as Cisco, Microsoft’s Teams and…