[ad_1] MUMBAI: Jio Financial Services has reported a consolidated net profit of Rs 294 crore for the December quarter – down 56% from Rs 668 crore in the preceding quarter. The decline in net profit was largely due to a revenue of Rs 217 crore in the previous quarter from dividend income, higher gain from…
[ad_1] NEW DELHI: Jio Financial Services Ltd on Monday reported a 56 per cent decline in consolidated net profit at Rs 294 crore for the third quarter ended December 2023, compared to the previous quarter. The company had earned a consolidated net profit of Rs 668 crore in the second quarter of the current fiscal,…
[ad_1] Infosys Q3 results: IT giant Infosys reported a consolidated net profit of Rs 6,106 crore for the quarter ended December 2023, showing a 7% decrease compared to the previous year’s quarter. This figure was slightly below the estimated profit of Rs 6,140 crore according to ET NOW poll.The revenue from operations in the third…
[ad_1] NEW DELHI: Government will have to either trim expenditure or target higher revenue to meet the 5.9% fiscal deficit target for the current financial year as the nominal GDP is estimated to grow slower than the budget estimate.Against an estimated nominal GDP of around Rs 302 lakh crore, which translated into 10.5% growth, the…
[ad_1] NEW DELHI: Meesho’s revenue from operations increased by 77% year-on-year to Rs 5,735 crore in FY23. The e-commerce firm which competes with players like Flipkart and Amazon claims to have narrowed its losses to Rs 1,675 crore in FY23 from Rs 3,248 crore in FY22. “Our continued toplinegrowth was further augmented by operating leverage…
[ad_1] NEW DELHI: Fintech unicorn BharatPe’s revenue from operations increased to Rs 904 crore in FY23 from Rs 321 crore in FY22, registering a year-on-year growth of 182%, the company said in a statement on Tuesday. Even as losses narrowed to an extent, they still remain well over Rs 800 crore. The startup claimed that…
[ad_1] NEW DELHI: The central government has received Rs 3,636 crore from Indian Oil Corporation of India Ltd as a dividend tranche.Also, it received received about Rs 23 crore from RailTel Corporation of India Ltd.“Government has respectively received about Rs 3636 crore and Rs 23 crore from Indian Oil Corporation Ltd and RailTel Corporation of…
[ad_1] SEATTLE: Starbucks reported record revenue in its fourth quarter as it improved sales and efficiency at its existing stores and opened hundreds of new ones. Revenue for the July-September period rose 11 per cent to $9.4 billion. That surpassed Wall Street’s expectation of $9.3 billion, according to analysts polled by FactSet. The Seattle coffee…
