Founder & CEO of Paytm Vijay S Sharma buys shares worth Rs 11 crore in One97 Communications

Vijay Shekhar Sharma has purchased 1.72 lakh shares worth Rs 11 crore in One97 Communications, the parent company of fintech firm Paytm.

published on : 18th June 2022

Biocon Q4 net profit down 4 per cent

Its consolidated revenue from operations in the fourth quarter stood at Rs 2,409 crore, a 30.7% increase compared to Rs 1,842 crore in the year-ago period.

published on : 29th April 2022

Campus IPO a blockbuster, issue subscribed 51.75 times by final day

Campus Activewear’s initial public offering (IPO) received thumps up from investors as the offer got subscribed 51.75 times by the end of April 28, the final day of bidding. 

published on : 29th April 2022

FMCG major HUL’s Q4 net profit rises 8.5 per cent 

HUL, which saw its sales grow 10% to Rs 13,190 crore in the March quarter, has become a Rs 50,000-crore turnover company this fiscal.

published on : 28th April 2022

Mindtree Q4 net profit jumps 49 per cent to Rs 473 crore

The Bengaluru-based company’s revenues for the fourth quarter stood at Rs 2,897.4 crore, up 37% Y-o-Y, compared to Rs 2,109.3 crore in the year-ago period.

published on : 19th April 2022

Unacademy lays off 10% of its workforce

Edtech unicorn Unacademy, which recently launched an experience centre- Unacademy Store, has laid off nearly 600 employees, almost 10% of its workforce.

published on : 8th April 2022

‘Paytm to break even in 6 quarters’

CEO says Paytm to achieve operating EBITDA breakeven well ahead of analysts’ estimates

published on : 7th April 2022

Indian fuel retailers lost $2.25 billion in last five months: Moody’s

This equates to around 20% of the combined FY2021 EBITDA for the three entities,” reads the report.

published on : 25th March 2022

BSNL suffers Rs 50,631 crore loss in five years

“As a result of these measures, BSNL has turned EBITDA positive (operating profit) in 2020-21,” informed the  minister in a written reply to Lok Sabha.

published on : 17th March 2022

Nykaa’s net profit declines 59% to 28 crore

Nykaa accelerated store expansion this quarter, with 12 new stores including those in Tier 2/3 cities. Its physical store count was 96 as of Dec 31, 2021 in 45 cities.

published on : 10th February 2022

Srinivasan as TVS chairman emeritus

TVS Motor Board on Monday also said it has appointed Prof Ralf Dieter Speth, Non-Executive Director, as Chairman of the Board effective April 1, 2022.

published on : 8th February 2022

Vedanta’s Q3 net profit rises 27% to Rs 4,189 crore

The revenue of the company for Q3 stood at Rs 33,697 crore, higher by 50% year-on-year.

published on : 29th January 2022

Formal sector may see subdued profit growth, margins for third quarter of FY 2023

Rating agency Crisil estimates that earnings before interest, taxes, depreciation and amortisation (EBITDA) margins likely dropped 100-120 basis points (bps) year-on-year.

published on : 12th January 2022

Zomato’s consolidated net loss widens to Rs 440 crore

The company’s expenses also trebled year-on-year to Rs 1,602 crore in the second quarter this year compared to Rs 585 crore last year.

published on : 11th November 2021