Bengaluru: India’s technology and tech services industry is expected to conclude FY24 with net revenues of $253.9 billion, up by a modest 3.8% from a year earlier in a difficult year for bellwether information technology (IT) services companies. In its Strategic Review released on Friday, industry body Nasscom said that the sector will have to…
AHMEDABAD: Homegrown textile conglomerate, Arvind Limited, on Tuesday announced a 9% increase in its consolidated net profit for the third quarter of FY 2024. The company’s profit stood at Rs 91.7 crore during the quarter, up Rs 84.12 crore in the corresponding quarter of FY 2023.Even though volume growth continued, deflated prices continued to exert…
MUMBAI: One 97 Communications which owns fintech major Paytm on Friday reported a narrowing of losses to Rs 221 crore on a consolidated basis for the quarter ended December 2023. Net losses stood at Rs 392 crore in the year ago quarter. Revenue from operations during the quarter increased to Rs 2,850 crore from Rs…
NEW DELHI: India’s new age tech companies continue to remain deep in the red. Walmart owned e-commerce major Flipkart posted net losses of over Rs 4,000 crore in FY23. Data sourced from market intelligence platform Tofler showed that Flipkart Internet which runs the Flipkart e-commerce marketplace reported losses of Rs 4,026 crore on a consolidated…
