🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Mastercard, boAt enable tap and pay on wearables

EntrackrEntrackr · 12m ago
Mastercard, boAt enable tap and pay on wearables
Medial

Mastercard has teamed up with wearable brand boAt to bring tap-and-pay functionality to its smartwatches. Mastercard cardholders using boAt’s payment-enabled smartwatches will be able to use Crest Pay, boAt’s official app, to make seamless payments directly from their devices, according to a press release from Mastercard. The new feature allows cardholders to tokenize their existing Mastercard debit and credit cards from participating banks, enabling tap-and-pay on their boAt smartwatch. This feature supports transactions up to Rs 5,000 via a POS device without needing a PIN, enhancing convenience for everyday purchases. The contactless payment option will be available initially to Mastercard cardholders from select leading banks, with plans to extend it to additional banks over time. Market research shows that the Indian wearables market grew by 34% in 2023, with smartwatch shipments rising significantly by 73.7%, bringing nearly 54 million devices into the market.

Blackbuck posts Rs 144 Cr revenue in Q1 FY26, profit grows 17%

EntrackrEntrackr · 23d ago
Blackbuck posts Rs 144 Cr revenue in Q1 FY26, profit grows 17%
Medial

Blackbuck has released its financial report for the first quarter of the ongoing financial year ending March 2026. The Bengaluru-based company reported a 57% year-on-year growth in scale in Q1 FY26 and posted a profit of Rs 34 crore in the quarter. Blackbuck's revenue from operations grew to Rs 144 crore in Q1 FY26 from Rs 92 crore in Q1 FY25, its financial statements sourced from the National Stock Exchange show. On a quarter-on-quarter basis, Blackbuck’s operating revenue increased 18% to Rs 144 crore in Q1 FY26 from Rs 122 crore in Q4 FY25. Revenue from its truck operator services was the primary source of revenue, accounting for 98% of total operating revenue. The company also made Rs 16 crore from interest income which took its overall revenue to Rs 160 crore in Q1 FY26, compared to Rs 98 crore in Q1 FY25. Looking at the expenses, the employee benefit cost accounted for 32% of the overall expenditure which fell 5% year-on-year to Rs 37 crore in Q1 FY26 from Rs 39 crore in Q1 FY25. Deprecation and other operating expenses were key overheads that drove total expenditure to Rs 114 crore in Q1 FY26, compared to Rs 92 crore in the same quarter last year. Blackbuck’s net profit increased 17% to Rs 34 crore in Q1 FY26, as compared to Rs 29 crore in Q1 FY25. Blackbuck debuted on the stock exchange at Rs 208.90 and is now trading at Rs 481.85 (at 15:26 PM), bringing its total market capitalization to Rs 8,670 crore ($1 billion).

Cyberattacks are getting faster, more common and more successful, even though detection is more advanced than ever — new report signals the threats to businesses, supply chains, and democracy

TechradarTechradar · 1y ago
Cyberattacks are getting faster, more common and more successful, even though detection is more advanced than ever — new report signals the threats to businesses, supply chains, and democracy
Medial

A new report from CrowdStrike reveals that cyberattacks are becoming faster, with an average breakout time of 62 minutes compared to 84 minutes in 2023. Additionally, there has been a significant increase in the number of threat actors, with 34 new actors joining the scene. The report also highlights the growing use of AI in cyberattacks, as well as the increasing targeting of cloud-based systems. CrowdStrike warns of the risk to democracy as state-sponsored adversaries may seek to influence upcoming elections. To combat these threats, organizations should adopt a platform-approach to security.

boAt and Noise’s growth decline in Q3 amid market slowdown: IDC report

EntrackrEntrackr · 9m ago
boAt and Noise’s growth decline in Q3 amid market slowdown: IDC report
Medial

India's wearable device market saw a second consecutive quarterly decline, dropping 20.7% year-over-year to 38 million units in Q3 2024, as per IDC's India Monthly Wearable Device Tracker. As per the report, this decline was driven by fewer product launches and cautious inventory management, even during the festive season. Notably, the average selling price (ASP) for wearables increased for the first time since Q2 2019, rising 1.3% to $21.3 in Q3 2024. While wrist bands saw a 48% decline to 56K units in Q3 2024, smartwatches and earwear saw 44.8% and 7.5% drops in the number of shipments. Smart watch and earwear’s total shipments stood at 9.3 million 28.5 million units respectively. With a 32% market share, boAt is the top smart wearable company (including watches and earphones). Noise, Boult, Realme, and Oppo (Oppo + OnePlus) had 11%, 9.7%, 5.8%, and 5.5% market shares, respectively. However, boAt saw a 14.5% decline in Q3 2024 compared to Q3 2023, and Noise faced a 19.2% decline during the same period. Notably, Boult and Realme recorded 32.5% and 56.5% growth, respectively, in the quarterly period. Breaking down further, boAt led in the true wireless stereo (TWS) category with a 36.8% market share, while Noise was on top in the smartwatch segment with a 27.4% market share. The smart ring segment continued to expand in Q3 2024, with over 92,000 units shipped and a 16.2% YoY drop in the average selling price (ASP) to $162.1. Ultrahuman led the market with a 36.8% share, followed by boAt (Imagine Marketing) at 20.5%, and Pi Ring at 16.3%. The rising appeal of smart rings is reflected in decreasing prices and the anticipation of new product launches in the coming quarters. Market leaders boAt and Noise also saw slow growth during the last fiscal year. While boAt's revenue decreased by 5% to Rs 3,122 crore in FY24, Noise’s revenue from operations grew a modest 0.4% to Rs 1,431 crore in the last fiscal year. However, both companies, which are based out of Gurugram, maintained EBITDA profitability in FY24.

Download the medial app to read full posts, comements and news.