Revenue
- Business
IPO-bound Swiggy’s losses widen to Rs 4,179 cr in FY23, revenue up 45%
New Delhi: Online food delivery platform Swiggy’s net losses expanded to reach Rs 4,179 crore in the financial year ended March 31, 2023. The IPO-bound Swiggy’s operating revenue jumped around 45 per…
- Business
Google posts $307 bn revenue in 2023, spent billions of dollars to lay people off
San Francisco: Google, which spent $2.1 billion on severance and other expenses as it laid off more than 12,000 employees last year, will spend another $700 million on employee severance charges for…
- News
Intel reports $15.4 bn in revenue in Q4, profit reaches $2.66 bn
New Delhi: Chip-maker Intel has registered $15.4 billion in revenue in its fourth quarter (Q4) of 2023, up 10 per cent year-over-year (YoY). The full-year revenue was $54.2 billion, down 14 per…
- Business
Byju’s revenue reaches Rs 5,298 cr in FY22, losses surge to Rs 8,370 cr
New Delhi: The edtech major Byju’s on Tuesday announced its audited FY22 financial results after much delay, registering operating revenue of Rs 5,014 crore while losses surged to Rs 8,370 crore in…
- Business
Edtech firm Adda247 posts 4X surge in losses in FY23, revenue up over 88%
New Delhi: Google-backed edtech platform Adda247 has posted a four times surge in its losses to Rs 110 crore in FY23 as compared to Rs 28 crore in FY22. Adda247’s revenue from…
- Business
Byju’s-onwed Aakash profit up by 82%, crosses Rs 1,400 cr revenue in FY22
New Delhi: While edtech major Byju’s has recently made headlines for all the wrong reasons, the company-owned Aakash Educational Services has saw its profit increase by 82 per cent to Rs 79.5…
- Offbeat
Has Starbucks rebranded itself to evade boycott amid war on Gaza?
After Starbucks reported a global loss of business to the tune of 11 billion US dollars, amid the pro-Palestine campaign and global boycott of Israeli-linked companies, several social media posts suggest that…
- Business
Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%
New Delhi: Amid the ongoing startup gloom comes good news in fintech unicorn Incred which has posted Rs 109 crore in profit in FY23 as compared to Rs 31 crore in FY22,…
- Business
Unacademy’s losses down 40% in FY23, revenue grows 26%
New Delhi: Edtech company Unacademy’s losses decreased by about 40 per cent in FY23, as its revenue grew at 26 per cent in the fiscal year ending March 2023. To reduce losses,…
- Business
Snapdeal logs Rs 388 cr revenue in FY23, reduces losses by 45%
New Delhi: E-commerce platform Snapdeal has registered Rs 388 crore in revenue in FY23, as it significantly reduced losses by 45 per cent to Rs 282 crore in the last financial year,…
- World
Musk to donate X’s advertising revenue to war-torn Gaza, Israel hospitals
New Delhi: Elon Musk has announced that his X Corp will donate all revenue from advertising and subscriptions associated with the ongoing war in Gaza to hospitals in Israel and the Red…
- Business
Spinny’s losses swell to Rs 820 cr in FY23, revenue surges 30X
New Delhi: Used car retailing platform Spinny’s losses swelled 67.3 per cent to Rs 820 crore in FY23 from Rs 490 crore in FY23. The advertising-cum-promotion, information technology, legal-professional, and other overheads…
- Business
Dunzo posts loss of Rs 1,800 cr, revenue at Rs 226 cr in FY23
New Delhi: Cash-strapped Dunzo has posted a loss of Rs 1,800 crore in FY23, a 288 per cent increase from the previous year, according to its consolidated financial statements filed with the…
- Business
Edtech platform Cuemath’s losses up, sales dips over 18%
New Delhi: Google-backed edtech platform Cuemath’s losses went up by 8.3 per cent to reach Rs 235 crore in FY23, from Rs 217 crore in FY22. The startup’s revenue from operations nosedived…
- Business
Snap sees $368 mn net loss as Snapchat reaches 406 mn daily active users
New Delhi: Snap, the parent company of Snapchat, posted a net loss of $368 million for the quarter ended September 30, which is slightly better than the year-ago period but the company…
