Losses

Launched in June 2021, the Revamped Distribution Sector Scheme aims to improve operational efficiencies and ensure financial sustainability of the power distribution companies

Falling rupee sends smaller Indian airlines into rough weather as lease rentals, vendor payments rise

The aviation industry is expected to report a net loss of Rs 20-30 billion in FY2025 and FY2026 each as nearly half of airline expenses, including aircraft leases and maintenance, are dollar-denominated, leaving carriers prone to currency fluctuations

Zetwerk’s GMV crosses $2 billion in FY24

In FY24, Zetwerk recorded Rs 191 crore of Adjusted EBITDA from operations, as against Rs 188 crore in the year ago period, CEO Amrit Acharya told Moneycontrol in an interview.

SEBI's intraday trading report exposes market disparities

The problem with SEBI's recent study lies in the numbers themselves. According to the report, 51.1 percent of traders have an annual volume of less than Rs 50,000. Around 57 percent of traders have taken fewer than 10 trades in a year, and about half of the sample size has a trade size of less than Rs 5,000.

Lufthansa reports loss, cuts outlook after strikes

Adjusted operating losses came in at 849 million euros ($902 million), according to preliminary results.

SoftBank-backed Unacademy’s losses shrink 41% in FY23, revenue growth slows

Unacademy reported a 26 percent rise in operating revenue to Rs 907 crore from Rs 719 crore a year earlier

Westbridge-backed LEAD’s losses down 19%, revenue more than doubles in FY23

The company’s co-founder and CEO Sumeet Mehta, during an interaction in August, told Moneycontrol that LEAD's revenue has doubled from about Rs 133 crore a year ago

AI may make 90% of workforce lose job-relevance in 10 years: CRED’s Kunal Shah

Shah believes that while some argue that upskilling can save jobs, humans cannot upskill so quickly. The time to upskill is going to be a real challenge. Unless you are a very curious compounding person, everybody's job is at risk, he said

Edtech unicorn LEAD narrows losses, revenue nearly doubles in FY23

LEAD CEO Sumeet Mehta said that the company had to cut jobs over the past year to adjust cash flows, as many schools it catered to suffered from stressed balance sheets post-pandemic.

Avoid these 5 financial mistakes to safeguard yourself from heavy losses

The process of investing involves making mistakes. You will be more successful as an investor if you are aware of them, know when you are committing them, and know how to avoid them. Watch what are these 5 mistakes, and you will be well on your way to building a portfolio that will provide many happy returns over the long term.

SBI Card reports marginal rise in Q4 net profit to Rs 596 crore

The company's total income during the January-March period of 2022-23 rose to Rs 3,917 crore against Rs 3,016 crore in the year-ago period, SBI Card said in a regulatory filing.

Stock Market Live: Nifty recovers from day's low; Adani stocks extend losses | Closing Bell

Markets recover from day’s lows with the Nifty shutting shop above 17,600-mark. Barring IT, all sectoral indices close in the red. Adani Total, Adani Green slide another 20%. Catch Yatin and Santo discuss the market set up and, also, the stocks in focus are Aditya Birla Sun Life AMC, Kajaria Ceramics, BEL and Ambuja Cements.

DFM Foods delisting offer successful, price set at Rs 467 a share

With this acquisition, Advent International Corp which earlier held a 73.70 per cent stake in DFM Foods through its subsidiary AI Global Investments (Cyprus) PCC now holds 96.18% stake in the firm. The tendering window was opened on 13 December and ended on 5 January.

Westbridge-backed LEAD spent Rs 538.7 cr to earn Rs 141.6 cr in FY22 as employee costs widen

During the year, LEAD spent about Rs 258.8 crore on employees, against Rs 99.6 crore in FY21. The company's total expenses also surged to Rs 538.7 crore during the year from Rs 186.6 crore in the previous fiscal.

Swiggy loss doubles to Rs 3,628.9 crore in FY22

According to the financial data accessed by the business intelligence platform Tofler, the company's revenue from operations stood at Rs 5,704.9 crore for the fiscal ended March 2022 against Rs 2,546.9 crore in the year-ago period.

Markets extend losses post Fed rate hike; IT stocks top drags

The 30-share BSE Sensex declined 69.68 points or 0.11 per cent to settle at 60,836.41. During the day, it tanked 420.95 points or 0.69 per cent to 60,485.14. Similarly, the broader NSE Nifty dipped 30.15 points or 0.17 per cent to end at 18,052.70.

Top Indian lender SBI posts Q1 profit fall on investment book losses

In the quarter to June 30, the bank recorded mark-to-market (MTM) losses of 65.49 billion rupees.

Ideas For Profit | Blinkit acquisition weighs down Zomato's stock price; What should investors do?

Zomato’s share price came under pressure after the announcement of the Blinkit acquisition. While the deal awaits shareholders’ approvals, MC Pro believes intense competition in the food-delivery ecosystem may increase cash burn and losses. Watch the video to know more.

A timeline of Air India's privatisation from 2000 to 2021

The current move to sell Air India is the Indian government's third such attempt to privatise the airline since 2000.

OYO's losses shrink to Rs 3,929 crore during FY21

OYO last published its annual result in 2019 when its loss stood at Rs 2,525 crore and total income Rs 6,518 crore.

Uber fires 400 employees as losses continue to pile up: Report

The move cuts Uber's strength by 8 percent and is the startup’s second round of layoffs since it fired 400 marketing employees in July

Suzlon Energy may default on FCCBs worth Rs 1,200cr today; asks bondholders to hold on

The company has asked the bondholders to hold the fixed instrument while it looks at a one-time settlement plan with the banks and a deal with Brookfield.

UDAY has been successful in restoring financial health of power distribution cos: Report

Notwithstanding the somewhat weak performance on operational parameters, improvement in DISCOM finances will be hugely beneficial to the entire power sector.

Railways suffering losses in passenger sector every year

Railways is incurring losses on passenger operations every year, Lok Sabha was told today.

No toll fees for 25 days led to 20% fall in collections in 2016

The demonetisation exercise proved detrimental to toll collections which dropped a sharp 20 percent year-on-year in the three months to December 2016, reports Financial Express.