About 70% of India’s population still doesn’t have access to mobile-phone Internet. It’s a big constraint in making a mobile-app strategy work here, especially in smaller towns and villages. Globally, most have stayed away from government-endorsed apps as people disclose information to a government platform only if there is trust, say experts. It’s a deep-seated problem.
About 70% of India’s population still doesn’t have access to mobile-phone Internet. It’s a big constraint in making a mobile-app strategy work here, especially in smaller towns and villages. Globally, most have stayed away from government-endorsed apps as people disclose information to a government platform only if there is trust, say experts. It’s a deep-seated problem.
RIL veteran PMS Prasad has pledged over 90% of his holdings. Coming weeks after the rights issue, the transaction has left the markets guessing the reasons behind it. But Prasad is not alone in these pledges. Alok Agarwal, CFO at RIL, too, has pledged a significant amount of shares in the recent past. So, what’s cooking?
Many companies have cited the lockdown as the biggest reason for their lacklustre financial performance. Indeed, the last week of March did have a detrimental effect on the top lines of companies, but squarely pinning the blame on the lockdown for their poor show is quite a stretch by any measure.
The IT sector just had its worst quarter ever. The silver lining: the recovery will be faster than the one from the 2008 financial debacle. Plus, the lockdown showed that outsourcing can help cope with crises better than captive operations. But several issues, like discounts and whether collections from clients will hold up, are still up in the air.
