Monday, November 25
Sony on Thursday said its Playstation 5 Pro gaming console will not be available in India because of compatibility issues with the available spectrum bands."PS5 Pro will not be available in some countries (which presently includes India) where 6GHz wireless band used in IEEE 802.11be (Wi-Fi 7) has not yet been allowed," the Japanese company said in an official statement.Playstation 5 Pro uses Wi-Fi 7, a wireless standard that uses the 6GHz band for connecting to the internet. In India, the 6GHz band is being used by the Indian Space Research Organisation (Isro) for satellite purposes. It has not been opened for commercial services because of a tussle between telecom service providers and tech companies over who should get it.While telecom operators are pushing for it to be reserved for mob
Despite equity benchmark indices Sensex and Nifty falling by 6% each in October, a vast majority of mutual funds offered negative returns but fell down less when compared to their respective benchmarks. Around 82% of equity mutual funds have managed to outperform their benchmarks. Out of 275 schemes, an overwhelming majority of 226 schemes were able to beat their benchmarks last month. In other words, only 49 equity mutual funds failed to outperform their benchmarks.Also Read | All equity mutual fund categories offer negative returns in October, lose up to 12%The highest outperformance was from the contra fund category. There were around three schemes in the category in the said period and all schemes outperformed their respective benchmarks indicating a 100% outperformance in October. &l
Shares of Mukesh Ambani-owned Reliance Industries (RIL) today fell by 2% to an intraday low of Rs 1,278.70 on the BSE after 11.9 lakh equity shares of the company changed hands in a block deal.The official parties of the transaction as well as the price at which the securities were traded are not currently known.Reliance Industries shares have been in a downtrend over the past few months, losing nearly $50 billion in market capitalization since their peak in July. The Mukesh Ambani-led company faces challenges from declining earnings and an economic slowdown.For the second quarter of the current fiscal, Mukesh Ambani-owned firm reported a 5% decline in its consolidated net profit to Rs 16,563 crore, against Rs 17,394 crore in the year-ago period.Revenue from operations increased by a margi
Mumbai: Noel Tata, chairman of Trent Limited, said consumer sentiment remained relatively muted and coupled with seasonality led to retail businesses facing headwinds, after the Tata Group company reported a 40% increase in net sales for the quarter ended September.The retailer that runs Westside and Zudio, saw revenue of Rs 4036 crore while net profit increased 46% year-on-year to Rs 423 crore, missing Bloomberg's estimate of Rs 431 crore.Trent shares fell 6.54% on the BSE on Thursday to close at Rs 6,498.45 apiece.The company said that in an otherwise subdued consumer market, key initiatives, including with respect to product offerings, store portfolio and operating supply chain, helped. 115062946"In the forgoing context, the team has delivered strong results across brands, concepts, ca
