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CE Info Systems Ltd, the parent company of MapmyIndia, on Friday reported 8.26 per cent drop in net profit in the July-September period at Rs 30.4 crore, from Rs 33.1 crore in the year-ago quarter. The Q2 FY25 revenue from operations increased to Rs 104 crore, a 14 per cent growth and the first half of FY25 (H1 FY25) saw revenue at Rs 205 crore as against Rs 181 crore in H1 FY24. The company announced that it has received board approval to establish a joint venture with Hyundai Au...
MapmyIndia reports 8.2 pc drop in net profit in Q2, revenue up 14 pc
As private consumption growth surges across sectors in India, especially in the rural economy, a report revealed on Tuesday that 60 per cent of households with annual income above Rs 5 lakh are in the top 20 per cent (150) districts in the country. The findings showed that the rural electrification across the county grew significantly from 17 per cent to 30 per cent in the last four years, thus lifting the economy and enhancing the quality of life. Healthcare infrastructure witnes...
Rural electrification, healthcare boost consumption at district level in India
Homegrown geospatial software provider MapmyIndia on Monday launched ClarityX company which is focused on providing enterprise clients with customer-centric artificial intelligence (AI)-driven data analytics and consulting. ClarityX will help expand MapmyIndia’s enterprise offerings and addressable market, by empowering enterprises with AI-driven insights from multi-dimensional static and real-time data, enabling immediate strategic decision making and driving digital transform...
MapmyIndia launches AI-driven data analytics company ClarityX
Homegrown geospatial software provider MapmyIndia CEO and Executive Director Rohan Verma on Wednesday said that he is grateful to Prime Minister Narendra Modi for mentioning and encouraging the company and unlocking the geospatial sector and its benefits for the country. "I am really grateful to PM Modi for his leadership in opening up the geospatial sector and unlocking the benefits of this sector for the country," Verma told IANS. Agreeing with Verma's view on the...
Grateful to PM Narendra Modi for encouraging MapmyIndia, unlocking geospatial sector: CEO
The Indian technology sector saw 87 deals valued at $1.4 billion in the third quarter this year, a 40 per cent surge in values over the previous quarter, a report showed on Thursday.The deal volumes, however, fell by 13 per cent in the July-September period.The rise of generative AI is reshaping the industry, with prominent tech players actively embracing and leveraging this technology to enhance efficiency across various sectors, said the report by Grant Thornton Bharat."With a substantial 8...
Indian tech sector sees 40% surge in deal values in Q3
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