Hyderabad-based CtrlS Datacenters that commenced business over 15 years ago with its first data center in its home city and provides infrastructure for dedicated hosting and co-location services to its customers recorded a strong growth in the year ended March 2023 even as one of its two units shrank in size.

The company that has nine operational data centres at four locations — Mumbai, Hyderabad, Noida and Bengaluru, grew its topline around 20% during FY23, for the third consecutive year due to rack capacity addition, better capacity utilisation and increase in lease rates.

This took it past the ₹1,000 crore milestone even as the company has been facing a margin squeeze with both net and EBITDA margin shrinking to the lowest level in past four years, as per data collated by…

TikTok once again finds itself in a precarious position as lawmakers in Washington move forward with a bill that could lead to a nationwide ban on the platform.

The House on Wednesday passed legislation that would ban TikTok if its China-based owner ByteDance doesn’t sell its stakes in the popular social media platform within six months of the bill’s enactment.

What’s in the House bill?

The legislation essentially gives ByteDance two options – sell TikTok or face a ban.

If ByteDance chooses to divest its stakes, TikTok would continue to operate in the US if the President determines “through an inter-agency process” that the platform is “no longer being controlled by a foreign adversary.”

The bill would also require ByteDance to give up control of TikTok’s well-known algorithm, which…

This article is related to an affiliate advertising program, and The New Indian Express’s journalists were not involved in its production.

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A social media app popular for short-form video content once again finds itself in a precarious position. Lawmakers in Washington D.C. moved forward with a bill on Wednesday that could lead to a nationwide TikTok ban.

The House passed legislation that would ban TikTok if its China-based owner ByteDance doesn’t sell its stakes in the platform within six months of the bill’s enactment, according to The Associated Press (AP).

How could the bill potentially ban TikTok?

The legislation essentially gives ByteDance two options: sell TikTok or face a ban.

If ByteDance chooses to divest its stakes, TikTok will continue to operate in the U.S. However, the president would need to determine whether the platform is “no longer being controlled by a foreign…