iWorld
Global Standards Symposium 2024 concludes, paving way for digital progress
Mumbai: The fifth Global Standards Symposium (GSS-24) wraps up in New Delhi, making history as the first time the event has been held in the Asia-Pacific region. Organised by the International Telecommunication Union (ITU) and hosted by the Department of Telecommunications, Government of India, GSS-24 gathers a record 1,500 policymakers, innovators, and experts to chart the future of digital transformation. The event emphasises the critical role of international standards in enabling emerging technologies to drive sustainable global development.
Minister of state for communications and rural development, Chandra Sekhar Pemmasani delivers a closing address lauding India’s transformation under prime minister Narendra Modi’s leadership. “The standards we establish are more than just technical standards, but they are moral compasses, guiding us towards a future of shared global progress. India is ready to take this journey not alone, but with all of you as partners,” Pemmasani states, advocating for an inclusive, democratic approach to international standards.
The symposium’s theme, “Charting the Next Digital Wave: Emerging Technologies, Innovation, and International Standards,” highlights the need for cohesive, forward-looking governance and standardisation in digital technologies. It serves as a platform for high-level dialogues on crucial issues like AI governance, open-source technologies, blockchain-based authentication, and the impact of AI and the Metaverse on public services.
Union minister Jyotiraditya M. Scindia underscores India’s role as a global telecommunications and digital innovation hub. He describes India as “a land of science, innovation, and rules aiding in the prosperity of the world.”
The key discussions focus on bridging the standards gap between developed and developing countries, emphasising equitable access to technology for all. The AI Standards Summit, held as part of GSS-24, illustrates how consensus-based standards can ignite innovation across multiple sectors, driving technological advancements.
Centre for Development of Telematics (C-DoT), CEO, Rajkumar Upadhyay chairs the symposium, marking India’s first time leading the event. The symposium’s outcome document lays the groundwork for discussions at the World Telecommunication Standardisation Assembly (WTSA-24), taking place from 15-24 October 2024, in New Delhi.
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
