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MapmyIndia logs 35 pc PAT growth in FY24, new order bookings up 63 pc

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New Delhi, May 13 (IANS) Homegrown geospatial software provider MapmyIndia on Monday reported operating revenue of Rs 379.4 crore in FY24, up 35 per cent (year-on-year).

The deep-tech digital map data platform clocked 47 per cent growth in operating revenue for the January-March period (Q4) to Rs 106.9 crore.

Annual new order bookings grew 63 per cent to Rs 834 crore in FY24.

“Our overall revenue growth during FY24 was broad-based, with consumer tech and enterprise digital transformation revenue up 49 per cent (YoY) to Rs 194 crore, and automotive and mobility tech revenue up 23 per cent to Rs 186 crore on the markets side,” informed Rohan Verma, CEO and Executive Director, MapmyIndia.

On the products side, the map and data revenue grew 23 per cent to Rs 138 crore and platform and IoT revenue surged 42 per cent to Rs 241 crore.

“Our profit after tax (PAT) grew 25 per cent to Rs 134.4 crore, with PAT margins at 32 per cent,” said Rakesh Verma, Chairman and Managing Director, MapmyIndia.

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More than 20 million people have downloaded the company’s Mappls app.

“We continued to acquire new B2B and B2B2C customers — including many businesses and enterprises across industry verticals, new-age consumer-tech companies and key government organisations,” said Rohan.

MapmyIndia has built India’s most comprehensive and feature-rich digital map, down to address and urban building level detail, covering all towns, villages, and the entire road network of the country.

–IANS

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Mobile tariff hike: Centre responds to misleading claims

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New Delhi, July 6 (IANS) The government has responded to misleading claims regarding recent mobile services tariff hike, saying with three private and one public sector player, the current mobile services market operates through the market forces of demand and supply.

The Telecom Regulatory Authority of India (TRAI) said the rates of telecommunication services are decided by market forces, within the regulatory framework notified by the independent regulator.

“The government does not intervene in the free market decisions as the functionality is under the domain of TRAI and tariffs are under forbearance,” said the regulator.

The TRAI said the telecom service providers (TSPs) have increased the prices of mobile services after more than two years.

“In the last two years, some of the TSPs have invested heavily in rolling out the 5G services across the country. This has resulted into a significant increase in median mobile speed to the level of 100 Mbps and jump in India’s international rank from 111, in October 2022, to 15 today,” the TRAI explained.

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While protecting the interests of subscribers, for the orderly growth of the telecommunication sector, which includes investments in latest technologies like 5G, 6G, IoT/ M2M for Industry 4.0 etc., “the financial viability of the sector is important,” said the TRAI.

Before last 10 years, the telecommunication sector was mired in controversies, lack of transparency and therefore, growth of mobile services was stagnant.

“During the last 10 years, due to progressive policies of the government, the rates of telecommunication services be it voice or data, have fallen exponentially,” said the telecom regulatory body.

—IANS

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Haryana to introduce smart classrooms in 1,000 more primary schools: Chief Secy

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Chandigarh, July 5 (IANS) To revolutionise education through technology and elevate learning outcomes for children, the Haryana government has decided to introduce smart classrooms in an additional 1,000 government primary schools under the SAMPARK programme, Chief Secretary T.V.S.N. Prasad said on Friday.

In a virtual conference with all the Deputy Commissioners, he said over 6,600 primary schools in Haryana currently benefit from smart classrooms, and this expansion aims to further integrate innovative educational technologies into the primary education system.

Prasad expressed enthusiasm for the initiative, emphasising the state’s commitment to enhancing foundational learning. He highlighted the introduction of smart classrooms marks a significant stride towards providing students with a better education experience.

He also underscored the collaborative effort with the SAMPARK Foundation to achieve a technologically advanced and inclusive education system, directing all Deputy Commissioners to oversee the effective implementation of the SAMPARK programme in their respective districts.

Additional Chief Secretary, School Education, Vineet Garg said the introduction of smart classrooms has already led to a 35 to 40 per cent increase in learning outcomes and micro competencies among students in primary schools. He highlighted the SAMPARK Foundation’s role in providing extensive training to teachers, equipping them with the necessary skills to effectively utilize new technologies.

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SAMPARK Foundation President K. Rajeshwar Rao lauded Haryana for becoming the first state in the country in the effective implementation of the NIPUN Bharat Programme. The foundation currently covers 1.25 lakh government schools across eight states.

–IANS

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Centre notifies new Telecommunications Act provisions, focuses on spectrum utilisation

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New Delhi, July 7 (IANS) The government on Friday notified another set of sections of the Telecommunications Act 2023, that came into effect with immediate effect.

One major aspect that is being covered in the latest notification is the focus of the Central government on increasing efficiency in spectrum utilisation and various modes of achieving the same like secondary assignment, sharing/trading etc, the Ministry of Communications said in a statement.

The government issued a notification for enforcing Sections 6-8, 48 and 59(b) of the Telecommunications Act. 2023 with immediate effect. The salient features of the sections that have been brought into force include optimal utilisation of spectrum.

“The Act provides a legal framework for efficient utilisation of scarce spectrum through processes such as secondary assignment, sharing, trading, leasing and surrender of spectrum,” the ministry said.

It also enables the utilisation of spectrum in a flexible, liberalised and technologically neutral manner, along with empowering the government to establish an enforcement and monitoring mechanism for the purpose.

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The Act also prescribes, with immediate effect, the use of any equipment which blocks telecommunication, unless permitted by the government.

The Telecommunication Act 2023 aims to amend and consolidate the law relating to the development, expansion and operation of telecommunication services and telecommunication networks; assignment of spectrum; and for matters connected therewith. “The Telecommunication Act 2023 also seeks to repeal existing legislative frameworks like Indian Telegraph Act 1885 and Indian Wireless Telegraph Act 1933 owing to huge technical advancements in the telecom sector and technologies,” said the ministry.

–IANS

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European Commission asks Amazon to furnish details over recommender algorithms, ads transparency

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London, July 5 (IANS) The European Commission on Friday sent e-commerce giant Amazon a request for information (RFI) under the Digital Services Act (DSA).

It has asked the Jeff Bezos-founded behemoth to provide more information on the measures the platform has taken to comply with the DSA obligations related to the transparency of recommender systems and their parameters, as well as to the provisions on maintaining an ad repository and its risk assessment report.

In particular, the tech giant is asked to provide detailed information on its compliance with the provisions “concerning transparency of the recommender systems, the input factors, features, signals, information and metadata applied for such systems and options offered to users to opt out of being profiled for the recommender systems”.

The company also has to provide more information on the design, development, deployment, testing and maintenance of the online interface of Amazon Store’s Ad Library and supporting documents regarding its risk assessment report.

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“Amazon must provide the requested information by July 26, 2024. Based on the assessment of the replies, the Commission will assess the next steps. This could entail the formal opening of proceedings pursuant to Article 66 of the DSA,” the Commission said. Moreover, it mentioned that it can impose fines for incorrect, incomplete, or misleading information in response to RFIs under Article 74 (2) of the DSA.

In case of failure to reply, the Commission may issue a formal request by decision. “In this case, failure to reply by the deadline could lead to the imposition of periodic penalty payments,” it stated.

–IANS

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Water and Sanitation Dept joins campaign against diarrhoea

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New Delhi, July 5 (IANS) The Department of Drinking Water and Sanitation (DDWS), under the Ministry of Jal Shakti, on Friday joined hands with the Health Ministry’s National STOP Diarrhoea Campaign 2024.

The Ministry of Jal Shakti said that a joint “effort will contribute to the National STOP Diarrhoea Campaign’s goal of reducing childhood mortality due to diarrhoea and improving overall public health in rural India.

It will also “advocate sustaining and achieving the Open Defecation Free Plus Model status in all villages in India towards a Sampoorna Swasth & Swachh Bharat”.

“The synergy between the rural sanitation mission and the National STOP Diarrhoea Campaign underscores our unwavering dedication to public health,” said C.R. Paatil, Union Minister of Jal Shakti.

He added that the concerted efforts will help “reduce childhood mortality and also foster a culture of health and hygiene across rural India”.

Launched on June 24, the two-month-long National STOP Diarrhoea campaign aims to attain zero deaths in kids under 5 due to diarrhoea — the third leading cause of childhood mortality in India.

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Its key focus areas include strengthening health infrastructure by ensuring the maintenance of health facilities and the availability of essential medical supplies (ORS, Zinc), especially in rural areas.

It also aims to improve access to clean water and sanitation; enhance nutritional programmes to tackle malnutrition; and promote hygiene education.

Complementing this initiative, DDWS also launched an awareness campaign on ‘Safe Water and Sanitation’ in rural areas from July 1 to August 31. The campaign ‘Swachh Gaon, Shudh Jal- Behtar Kal’ is designed to raise awareness and promote the use of safe water and sanitation practices at the village and panchayat levels.

–IANS

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