Telecom giant Jio has announced a notable price increase for its postpaid users, with subscribers currently on the Rs 199 plan being upgraded to the Rs 299 plan. This change will take effect in the coming weeks, affecting many customers who have chosen the Rs 199 plan for its affordability and basic postpaid features. With this adjustment, Jio aims to streamline its postpaid offerings while adding more services and features to the upgraded Rs 299 plan. The new plan will provide a higher data limit, improved voice benefits, and extra…
Read MoreAuthor: FutureTech
Jio Financial’s Q3 results show a flat profit of ₹295 crore, while revenue has increased by 6%.
Jio Financial Services announced a steady net profit of ₹295 crore for the third quarter, with a 6% increase in revenue compared to the previous year. The company’s Assets Under Management (AUM) rose to ₹4,199 crore, showcasing robust growth in its financial services. Although profit figures remained flat, Jio Financial’s ongoing expansion and strong revenue performance suggest a positive trajectory for its long-term growth strategy. The company is committed to enhancing its market presence through an expanding range of financial products.
Read MoreWipro’s profit for the third quarter has increased by 24.5%, driven by growth in its consulting services.
Wipro announced a 24.5% increase in net profit for the third quarter, fueled by significant growth in its consulting services and efficient cost management. The IT giant’s strategic emphasis on high-margin consulting projects and operational efficiencies played a key role in this strong performance. Revenue also experienced steady growth, bolstered by strong client demand in essential sectors. Wipro highlighted that these results reflect its dedication to providing value-driven solutions while managing expenses effectively. Analysts see these results as a positive indicator of the company’s ability to adapt in a competitive…
Read MoreAmazon has acquired Axio to enhance its fintech services.
Amazon has officially acquired fintech company Axio, a strategic decision aimed at strengthening its foothold in the financial services industry. Axio, recognized for its expertise in credit solutions and payment technologies, is set to enhance Amazon’s capacity to provide innovative financial products to its extensive customer base. Although the financial specifics of the deal have not been disclosed, this acquisition fits into Amazon’s larger strategy to incorporate advanced financial tools into its ecosystem, which includes e-commerce and cloud services. Analysts suggest that this move could lead to new consumer lending…
Read MoreOpenAI is finalizing its ‘O3 Mini’ AI model, with a launch anticipated in the near future.
OpenAI has announced the launch of its latest AI model, called “O3 Mini,” which is designed to enhance reasoning capabilities while improving efficiency. This model is intended for high-performance reasoning in applications that require quick and clear decision-making, such as virtual assistants, robotics, and enterprise solutions. According to OpenAI, O3 Mini features advanced architecture paired with lightweight computation, allowing for quicker response times without sacrificing accuracy. The model is expected to serve developers and businesses looking for AI tools that are optimized for complex reasoning tasks without the necessity for…
Read MoreISRO Achieves Successful Demonstration of Vikas Engine Restart Capability.
The Indian Space Research Organisation (ISRO) has reached an important milestone by successfully demonstrating the restart capability of its Vikas liquid engine. This test took place at the ISRO Propulsion Complex in Mahendragiri on January 17, 2025. During the test, the Vikas engine was ignited for 60 seconds, then shut down for 120 seconds, and successfully restarted for an additional 7 seconds. All engine parameters were reported to be within normal ranges, marking a significant advancement in ISRO’s efforts toward reusable launch vehicle technology and stage recovery systems. This accomplishment…
Read MoreApple has temporarily disabled its AI news summaries due to concerns about their accuracy.
Apple has temporarily halted its AI-generated news notification summaries following public backlash over inaccuracies. This feature, part of Apple’s generative AI system in the iOS 18.3 beta, aimed to provide brief updates but received criticism for presenting misleading information. One notable incident involved a summary that incorrectly reported a murder suspect had shot himself, raising concerns about the reliability of AI. In light of this, Apple has disabled the feature in its latest beta update, mentioning that it is “working on improvements” and intends to bring it back in the…
Read MoreIndian space startups have been selected for a collaborative Indo-US defense program.
For the first time, seven Indian space startups have been chosen to take part in a significant Indo-US defense collaboration program, representing a major achievement for India’s private space industry. Companies such as KaleidEO, EtherealX, and Aadyah Space will have the opportunity to tap into the extensive U.S. defense and space markets, along with receiving guidance from industry leaders like Lockheed Martin and Northrop Grumman. This initiative, which is part of the India-U.S. Defense Acceleration Ecosystem launched in 2023, seeks to promote innovation in satellite technology, space observation, and advanced…
Read MoreSpaceX’s Starship test encountered a setback following a successful booster recovery.
In a mixed outcome for SpaceX the latest test flight of its Starship ended in failure, even though a significant milestone was reached. The Super Heavy booster was successfully captured by mechanical arms at the launch pad in Boca Chica, Texas, marking only the second time the company has accomplished this. However, the Starship spacecraft, which was intended to complete a suborbital flight and deploy dummy satellites, experienced engine issues about 8.5 minutes into the flight. This resulted in a loss of contact and ultimately the destruction of the vehicle….
Read MoreReliance Industries has announced a remarkable 11.9% increase in profits for the third quarter.
Reliance Industries Ltd (RIL) announced an 11.9% increase in net profit for the October-December quarter of FY25, totaling ₹21,804 crore. Consolidated revenue also saw a rise of 7.7%, reaching ₹2.67 lakh crore, showcasing solid growth across its main business areas. The company’s digital division, Jio Platforms Ltd (JPL), experienced a 19.2% increase in revenue to ₹38,750 crore, with net profit climbing by 26% to ₹6,861 crore, fueled by higher tariffs and an increase in subscribers. In addition, Reliance Retail Ventures Ltd reported a 10% rise in net profit to ₹3,458…
Read More