Latest news with #GDS
Time of India
2 days ago
- Business
- Time of India
TSC India IPO opens for subscription: Check GMP, price band and other details
TSC India , a travel management company with a strong B2B and corporate focus, will open its maiden public offer today aiming to raise Rs 25.89 crore. The issue is a fresh equity sale of 36.98 lakh shares. The IPO is being offered in the price band of Rs 68 to Rs 70 per share and will close on July 25. Ahead of the issue opening, the GMP is Rs 0. The company has set a minimum application size of 2,000 shares. For retail investors, the minimum bid size is 4,000 shares or Rs 2.8 lakh. Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management others MCA Technology Artificial Intelligence Data Analytics PGDM Others Healthcare Product Management Public Policy Project Management Finance Data Science Cybersecurity CXO Management Design Thinking Data Science Digital Marketing Leadership MBA Degree healthcare Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World The IPO is being managed by Expert Global Consultants, with Bigshare Services acting as the registrar. TSC India's shares are expected to list on the NSE SME platform on July 30, with allotment and refund processing likely by July 28 and July 29 respectively. TSC India operates in the corporate travel and B2B air-ticketing segment, offering end-to-end travel solutions including bookings, itinerary management, pricing negotiations, analytics, and 24x7 emergency support. Live Events The company has a strong regional footprint with offices in cities such as Jalandhar, Chandigarh etc., As of June 30, 2024, the company catered to over 2,100 clients and averaged 12,000 bookings per month. Its operational model combines technology integration via Global Distribution Systems (GDS) and personalised consulting, promising quick confirmations, real-time updates, and transparent pricing for its clients. TSC India has shown steady financial growth. For FY25, the company posted a revenue of Rs 26.32 crore, up 28% from Rs 20.59 crore in FY24. Profit after tax stood at Rs 4.93 crore, a marginal improvement from Rs 4.72 crore last year. Promoters Ashish, Puja Mittal, Vinay Gupta, held 90.74% of the pre-issue capital. Post-listing, the shareholding will dilute, although final numbers are yet to be disclosed.
CNBC
16-07-2025
- Business
- CNBC
This data center stock will be a winner as Nvidia resumes China shipments, JPMorgan says
Shares of GDS Holdings may see a boost as artificial intelligence darling Nvidia resumes shipments to China, according to JPMorgan. The firm upgraded the data center stock to overweight from neutral and raised its price target to $46 from $34. That updated target calls for about 22% upside from Monday's closing level. Earlier this week, Nvidia said that it hopes to start deliveries of its H20 general processing units "soon" after the U.S. government assured it that licenses would be granted. The company halted sales back in April after the U.S. government said that it would need a license to sell the chips to China. "We are upgrading GDS to OW, given the resumption of H20 shipments into China … should drive an upside case for the domestic DC business," analyst Gokul Hariharan wrote. "Demand indications from Tier-1 [cloud solution provider] customers remain quite strong for AI inference compute (as seen by the 150 MW order from Alibaba in 1Q25) and we see a pathway to continued upgrades in the China pipeline and revenue growth." U.S.-listed shares of the China-based company were more than 1% higher in the premarket following the move. Shares have also rallied more than 90% in the past three months and around 66% in the past six. GDS 3M mountain GDS, 3-month The analyst also noted that although capacity for AI training compute in China could be "balanced or in mild oversupply" due to an "aggressive" buildout in remote locations such as Ulanqab, he thinks that GDS has "very limited" exposure to that area of the market. Even with some oversupply, there could be some pricing upside next year as more AI inference demand kicks in, he added. Beyond China, the analyst said that GDS's international business has been "quite strong" and thinks that its international arm known as DayOne should continue to see gains even with rumblings of GPU restrictions in countries like Malaysia. "We believe that aggregate growth for DayOne … should continue, given the opening up of new markets (Thailand, Europe) and continued strong demand from its largest Chinese social media customer," Hariharan also wrote. Most of Wall Street is similarly bullish on the name, as 17 out of 18 analysts have a strong buy or buy rating, LSEG data shows. Its consensus target of almost $45 also implies more than 18% upside from here.
Time of India
15-07-2025
- Time of India
Postal employees' forum stages protest in Hubballi
Hubballi: Members of the Bharatiya Postal Employees Federation staged a protest by wearing black badges, demanding the fulfilment of 41 various demands, in front of the head post office in Hubballi on Tuesday. They demanded the inclusion of GDS officials in the purview of the 8th Pay Commission due to the delay in its implementation. They also called for the merging of 50% DA with basic pay, along with all consequential benefits and allowances. Additionally, they requested orders to be issued to field units to stop allotting targets to incentive work and indoor staff. They also demanded the granting of Group Medical Health Insurance schemes to GDS staff up to the limit of Rs 10 lakh, along with other demands. Circle secretary Veeresh and divisional secretary Jagadeesh Halyal stated that the forum will launch a series of serious agitation programmes, including an indefinite strike, if the long-pending issues are not resolved. On July 22, an evening dharna will be held after working hours in front of all the divisional offices. A one-day token strike is planned for July 31, followed by an indefinite strike on Aug 18.
Gulf Today
14-07-2025
- Business
- Gulf Today
In conversation with Armin Moradi, CEO and Co-Founder of Qashio on how Qashio is solving real CFO challenges
As the financial technology landscape in the Middle East evolves, homegrown businesses like Qashio are leading the charge. Gulf Today sat down with Armin Moradi, CEO and Co-Founder of Qashio, to discuss how the company is leveraging AI, building tailored solutions for key industries like travel, and helping finance teams stay compliant and agile in a fast-changing regulatory environment. 1. With increased interest in AI-driven financial tools, is Qashio exploring or integrating any AI technologies to enhance automation, insights, or user experience? Qashio has been at the forefront of innovation and was an early adopter of AI, using it to streamline manual processes like scanning receipts and automating transaction categorisation. We are now exploring additional AI applications cautiously, with a strong focus on compliance and data privacy. Since UAE regulations mandate local data storage, we partner exclusively with UAE-based AI providers. Fortunately, the UAE's heavy investment in AI has created world-class technologies we are evaluating, particularly for delivering deeper insights and enhancing user experience. Any AI-driven features we roll out will strictly adhere to local privacy and compliance standards. 2. What's driving Qashio's focus on the travel industry, and how does your platform cater to the specific financial needs and pain points of travel-related businesses? Travel is one of the UAE's largest industries, with the UAE receiving over 18.7 million visitors in 2024 alone. As a UAE-based company, we're committed to supporting businesses across all sectors. It was a natural step to design Qashio for Travel, a solution built specifically for the unique needs of the Travel industry. Travel companies can instantly create unlimited corporate cards, leverage multi-currency wallets to save on high FX fees, and integrate seamlessly with GDS platforms. This tailored approach helps streamline financial operations and supports travel agencies book the 5.4 million UAE residents who travelled last year. 3. How is Qashio differentiating its offering to stand out among regional and global players? Innovation is at the core of Qashio's DNA. We want to ensure we're offering our clients the most functionality and value for their business. We are the only spend management solution in the region with a corporate loyalty programme, enabling businesses to earn rewards on their spending, redeemable for air miles, hotel points, and retail benefits. Built by ex-CFOs, Qashio offers unmatched functionality tailored to real-world finance challenges, including WhatsApp-based receipt collection and hyper-segmented accounting abilities. To support our clients fully, we've assembled a UAE-based team of experts with experience at ERP giants like Oracle, Odoo, and SAP, ensuring hands-on, localised support for our clients. 4. How is Qashio supporting finance teams in navigating today's fast-changing regulatory and economic landscape across the GCC? Qashio is committed to helping UAE businesses thrive in the fast-changing regulatory and economic landscape. Our fully local team monitors shifts in GCC regulations and proactively advises clients on compliance requirements, ensuring they remain agile and informed. At the same time, we continuously refine our platform based on client feedback. Designed by finance professionals, for finance professionals, Qashio empowers teams to navigate complexity with automation, visibility, and control at their fingertips.
Time of India
10-07-2025
- Business
- Time of India
Karnataka delivers 200 crore mails, parcels every year: Minister
B engaluru: Union minister for communication Jyotiraditya M Scindia, looked to turn post offices into mall-like services, beyond banking and postal services they now provide. However, postal employees, during an interaction with him on Thursday, said they are already underpaid and overburdened, functioning beyond the stipulated five hours, and now being expected to perform more. The exchange took place at Townhall, where 15 best-performing 'Gramin Dak Sevak' (GDS) from Karnataka were felicitated in the presence of 800 of their counterparts. Among the GDS present from across the state were mail carriers, packers, mail delivery personnel, branch postmasters (BPM), and assistant branch postmasters. Scindia said in his speech, "Each post office in my village should become a small little mall for the village, where everything can be bought virtually. Today, dhakiya (postman/postwoman) is not just a purveyor of mail, but also brings banks to homes. The Karnataka circle has performed tremendously, with 200 crore mails and parcels delivered every year, 30% of which are done in this state." You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru During an interaction with the minister, B Nagarajappa, a BPM in Davanagere, said, "We just have a postmaster and clerk to cater to 46,500 live accounts, and need more hands onboard. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo We do the IPPB (India Post Payments Bank) work but do not get the benefits for our work — 75 per cent of the work related to banking is done by us, and the banks reap benefits." Talking to TOI, another personnel from Channapatna said, "After working for 27 years, I earn only Rs 27,000 in hand. The last time salaries were revised was 10 years ago." Several GDS personnel who spoke to TOI unanimously hoped the salaries would increase, their roles be made permanent, and their hours of service be recognised.
