Latest news with #Gurugram-headquartered
Time of India
4 days ago
- Business
- Time of India
BharatNet Phase 3: Echelon Edge selected by HFCL, ITI-Terasoft, NCC to deploy NMS, OSS solutions
NEW DELHI: Homegrown IT solutions provider Echelon Edge on Wednesday said it has been selected by consortium partners HFCL , ITI-Terasoft, and NCC, to deploy a network management system (NMS) and operations support system (OSS) under the BharatNet Phase-3 programme. The Gurugram-headquartered IT company said the deployments will strengthen network control and visibility for BharatNet's middle-mile infrastructure across multiple states and union territories. BharatNet Phase-III is one of India's most significant rural connectivity programs, aimed at delivering high-speed broadband to villages and underserved areas. As part of this initiative, Echelon Edge will deploy a centralised OSS platform that will unify the management of BharatNet's extensive network infrastructure. The project spans key regions including Madhya Pradesh, Dadra & Nagar Haveli and Daman & Diu, Uttarakhand, Uttar Pradesh (East and West), Himachal Pradesh, West Bengal, Andaman & Nicobar Islands, and Punjab. By consolidating Element Management Systems (EMS) into a unified monitoring ecosystem, the OSS solution will provide centralised command and control, making it possible to manage the network efficiently while ensuring uninterrupted connectivity. With advanced IP/MPLS provisioning, the system will facilitate smart routing and scalable backbone communication to support the growing demand for high-speed internet. The deployment will also introduce predictive analytics for proactive network health monitoring. Through comprehensive end-to-end service assurance, the solution will ensure consistent and reliable connectivity from the transport layer to access points. In addition, the platform will provide structured governance for incidents, problems, change management, SLAs, and knowledge resources. 'With this deployment, we are bringing automation and centralized control to the core of BharatNet's middle mile while ensuring reliable services, greater transparency, and a network that's built to scale for the future,' said Gaurav Gandhi, CEO & co-founder of Echelon Edge.
Economic Times
04-07-2025
- Business
- Economic Times
MakeMyTrip completes share repurchase to cut China-based Trip. com's stake
ANI Nasdaq-listed MakeMyTrip has completed repurchase of over 3.4 crore Class B shares held by China-based bringing down the latter's voting power in the travel booking platform to 16.90 per cent from 45.34 per cent. The Gurugram-headquartered MakeMyTrip informed the US stock exchange that three directors have resigned with immediate effect following the completion of the repurchase, as the number of nominated directors on its Board has been reduced from five directors earlier, to two directors pursuant to the Terms of Issue of the Class B shares. "On July 2, 2025, MakeMyTrip completed the repurchase of 34,372,221 Class B shares in MakeMyTrip from Group Limited pursuant to the amended and restated share repurchase agreement dated June 23, 2025 between MakeMyTrip and All of the 34,372,221 Class B shares repurchased from by MakeMyTrip have been cancelled," MakeMyTrip informed in the filing. Following the completion of the repurchase, MakeMyTrip has a total of 95,383,399 shares outstanding, comprising 89,851,697 ordinary shares, 5,295,690 Class B shares and 236,012 ordinary shares held as treasury shares (of which holds 10,773,694 ordinary shares and 5,295,690 Class B ordinary shares, representing approximately 16.90 per cent of the voting power in MakeMyTrip), the company stated. MakeMyTrip's board of directors will continue to consist of ten members, comprising three management directors, four directors (including one Mauritius resident director) who will qualify as Independent Directors (as defined in the amended and restated investor rights agreement dated April 26, 2019 between MakeMyTrip and one other Mauritius resident director and two directors nominated by Regarding the changes in composition of its Board, MakeMyTrip informed that three nominated directors including James Jianzhang Liang, Moshe Rafiah and Paul Laurence Halpin have each notified the board of directors of MakeMyTrip of his intention to resign as a director with effect from the completion of the repurchase. The board of directors of MakeMyTrip accepted their resignations with immediate effect. The board of directors of MakeMyTrip approved the appointment of Vivek N Gour, Savinilorna Payandi Pillay Ramen and Mohit Kabra (its Group Chief Financial Officer) as directors with effect from July 2, 2025, the travel booking platform said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. How Balrampur Chini, EID Parry are stirring up gains amid melting sugar stocks Are Sebi's MII evaluations driving real change or just more paperwork? Delhivery survived the Meesho curveball. Can it keep on delivering profits? Drones have become a winning strategy in war; can they be in investing? Stock Radar: Trent stock showing signs of bottoming out; stock still down over 25% from highs – what should investors do? Buy, Sell or Hold: Motilal Oswal initiates coverage on Inox Wind; Gabriel top pick for Elara Securities One simple reason to own & trade them: 5 large-caps from different sectors with upside potential of up to 46% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Time of India
04-07-2025
- Business
- Time of India
MakeMyTrip completes share repurchase to cut China-based Trip. com's stake
Academy Empower your mind, elevate your skills Nasdaq-listed MakeMyTrip has completed repurchase of over 3.4 crore Class B shares held by China-based bringing down the latter's voting power in the travel booking platform to 16.90 per cent from 45.34 per Gurugram-headquartered MakeMyTrip informed the US stock exchange that three directors have resigned with immediate effect following the completion of the repurchase, as the number of nominated directors on its Board has been reduced from five directors earlier, to two directors pursuant to the Terms of Issue of the Class B shares."On July 2, 2025, MakeMyTrip completed the repurchase of 34,372,221 Class B shares in MakeMyTrip from Group Limited pursuant to the amended and restated share repurchase agreement dated June 23, 2025 between MakeMyTrip and All of the 34,372,221 Class B shares repurchased from by MakeMyTrip have been cancelled," MakeMyTrip informed in the the completion of the repurchase, MakeMyTrip has a total of 95,383,399 shares outstanding, comprising 89,851,697 ordinary shares, 5,295,690 Class B shares and 236,012 ordinary shares held as treasury shares (of which holds 10,773,694 ordinary shares and 5,295,690 Class B ordinary shares, representing approximately 16.90 per cent of the voting power in MakeMyTrip), the company board of directors will continue to consist of ten members, comprising three management directors, four directors (including one Mauritius resident director) who will qualify as Independent Directors (as defined in the amended and restated investor rights agreement dated April 26, 2019 between MakeMyTrip and one other Mauritius resident director and two directors nominated by the changes in composition of its Board, MakeMyTrip informed that three nominated directors including James Jianzhang Liang, Moshe Rafiah and Paul Laurence Halpin have each notified the board of directors of MakeMyTrip of his intention to resign as a director with effect from the completion of the repurchase. The board of directors of MakeMyTrip accepted their resignations with immediate board of directors of MakeMyTrip approved the appointment of Vivek N Gour, Savinilorna Payandi Pillay Ramen and Mohit Kabra (its Group Chief Financial Officer) as directors with effect from July 2, 2025, the travel booking platform said.
Time of India
01-07-2025
- Business
- Time of India
Echelon Edge wins OSS/BSS deal under BSNL CDR project in north, east zones
NEW DELHI: Homegrown IT services firm Echelon Edge has won a deal to manage the phase 1 and phase 2 of state-controlled Bharat Sanchar Nigam Limited 's ( BSNL ) call detail record (CDR) project across the north and east zones. Under this deal, the Gurugram-headquartered firm will manage the OSS/BSS infrastructure for BSNL's fixed-line, broadband, and leased line services across retail and enterprise segments, according to a statement released on Monday. The project involves comprehensive, end-to-end management of both hardware and software infrastructure for BSNL's CDR operations, including annual maintenance and managed services. Echelon Edge has deployed a dedicated team of over 50 OSS/BSS and system experts across BSNL's Panchkula and Kolkata data centres to ensure seamless daily operations, platform optimisation, and service continuity. The project brings together vendors such as Amdocs , Netcracker, SAP, Oracle, Siebel, HPE, Cisco , and IBM to deliver service stability and 'operational excellence', the statement added. 'The BSNL CDR Project brings together one of the most complex OSS/BSS environments in the country. Managing this ecosystem with global OEMs, real-time service requirements, and high-volume fixed-line operations demands deep integration expertise and operational maturity,' said Anurag Singh, CTO & co-founder of Echelon Edge, in the statement. The systems integrator (SI) company said it has expanded its presence, managing BSNL's GSM projects across all four zones, while strengthening its expertise in OSS/BSS managed services.
Time of India
26-06-2025
- Business
- Time of India
Delhivery stake sold: Morgan Stanley, Citigroup and 6 others enter deal; buy 1.6% stake for Rs 461 crore
Delhivery, the logistics company, saw global and Indian investors like Morgan Stanley, Citigroup Global Markets Singapore and six other entities buy a 1.6% stake on Thursday. The shares were purchased via open market deals, totalling Rs 461 crore. According to data from the National Stock Exchange (NSE), other major buyers in the transaction included HDFC Mutual Fund, Axis Mutual Fund, Tata Mutual Fund, ASK Asset & Wealth Management, Hill Fort Capital, and Hong Kong-based Viridian Asset Management. The investors acquired more than 1.19 crore equity shares of the Gurugram-headquartered company at an average price of Rs 387 per share. The stake was sold by venture capital firm Nexus Venture Partners, which offloaded the shares via its affiliates, Nexus Opportunity Fund and Nexus Ventures III, at the same price. As of the March quarter, Nexus Ventures III held a 5.88% stake in Delhivery, PTI reported Shares of Delhivery ended the trading day slightly lower, slipping 0.54% to close at Rs 386.05 on the NSE. The development comes just weeks after Delhivery announced a major acquisition. In April, the company said it had entered into a definitive agreement to acquire a controlling stake in Ecom Express for Rs 1,400 crore in cash. The firm said that it has "signed a definitive agreement to acquire a controlling stake in Ecom Express for a cash consideration of around Rs 1,400 crore from its shareholders". Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
