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Uber Technologies Inc. reported better-than-expected net income, boosted by record ridership volumes, offering evidence the ride-hailing giant is officially moving beyond its cash-burning startup past and making progress on its profitability goals.
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The difference between one’s gross and net income can be huge - and this video sums it up nicely.
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Chennai, May 13 Matchmaking service provider Matrimony.com has demonstrated good growth in financial year 2022 and was poised to enhance its..
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Net income fell to Rs 1,925.08 crore in October-December of 2016-17, from Rs 2,641.12 crore in the previous year, said the company in a BSE filing.
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Agro-chemical firm Insecticides (India) has reported a more than five-fold jump in profit at Rs 5.38 crore for the quarter to December.
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HMT Ltd today reported widening of its net loss for the July-September quarter to Rs 31.14 crore, as against Rs 24.25 crore in the corresponding period of the previous year.
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Net income after minority interests rose 170 percent to Rs 24 crore, while on a sequential basis, it rose 19 percent and the same after minority interest grew by 22 percent.
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In a filing to the BSE, Ruchi Soya informed that "it has been served with a copy of winding up petition filed by one of its creditors before High Court of Bombay. The company will take appropriate legal recourse in the matter." The company did not name the creditor.
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Total income of MTNL during the reported quarter declined by 4.5 percent to Rs 744.72 crore from Rs 780.12 crore in the corresponding quarter of 2015-16.
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In a BSE filing, it said its net income increased to Rs 3,710.43 crore in the April-June period of 2016-17, from Rs 2,845.10 crore in the year-ago period.
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The Anil Ambani-led infrastructure major had clocked a net profit of Rs 409.27 crore for the same quarter in 2015-16.
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The company had posted a net profit for the period of Rs 484.67 crore in the corresponding quarter of the previous fiscal, SJVN said in a BSE filing.
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The company had reported a standalone net profit of Rs 58.88 crore in the same quarter a year ago.
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The company had clocked a net profit of Rs 25.53 crore in the corresponding quarter of the last fiscal.
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The company's net profit stood at Rs 88.60 crore in the year-ago period, it said in a NSE filing.
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However, the company's net income fell to USD 252.4 million, or 41 cents per share, in the quarter ended June 30 from USD 420.1 million, or 68 cents per share, a year earlier.
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Its second-quarter net income was down 98 percent from the same period in the previous year, to 20 million euro (USD 22 million), while revenues were down 20 percent to 7.4 billion euro.
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"This is the first time since we entered the sector in 1997 that we have turned around. Against a net loss of Rs 684 crore in 2014-15, we closed 2015-16 with a net profit of Rs 39 crore.
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"While our MSME lending business grew by 96.45 percent at Rs 673 crore in the reporting year from Rs 342 crore in the year-ago period, housing finance business also grew to Rs 207 crore during the year from merely Rs 3 crore in the year-ago period," Ujjivan chief financial officer Sudha Suresh told PTI here.
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Srei Equipment Finance (SEFL) on May 11 said its net profit increased by 28.8 per cent to Rs 64.79 crore for half year ended March 2016.
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Sutlej Textiles and Industries on May 11 reported a 78 percent rise in net profit to Rs 48.81 crore in the March quarter, on the back of higher income from
yarn and fabric segment.
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Cognizant has lowered its revenue forecast for the fiscal 2016 to be in the range of USD 13.65-14 billion from its earlier estimate of USD 13.65-14.2 billion.
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However, on ex-energy basis, the net income of companies is likely to drop by 4.5 per cent during the October-December quarter 2015-16 compared to the same period year-ago, as per a latest report by Kotak Institutional Equities (KIE).
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The company had posted a net profit of Rs 22.93 crore in the year-ago period. Net income dropped by 8 percent to Rs 370 crore during July-September period of this fiscal.
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Facebook now has 8 billion video views per day from 500 million people, compared with 4 billion views in April.
