Revenue
- Business
Meta surpasses $2 bn revenue mark in India
New Delhi: Meta Platforms, which owns Facebook, WhatsApp and Instagram, surpassed $2 billion in revenue in India in FY22, which has become a strategic market for the US company. The social network…
- Business
LG Electronics’ Q3 profit estimated to have risen 25% on-year
Seoul: LG Electronics said on Friday that its preliminary third-quarter operating profit jumped around 25 per cent from a year earlier. The tech company said its profit for the July-September period was…
- Hyderabad
Hyderabad: GHMC may tap into transformers for revenue making
Hyderabad: The Greater Hyderabad Municipal Corporation (GHMC) may soon tap into transformers for generating revenue. The civic body plans to enhance the vicinity of 1000 transformers in each of the six zones…
- Business
Global E-com sales to drop by $95 bn in 2022, 1st time in history
New Delhi: In a first, global e-commerce revenues are forecast to shrink this year due to supply chain issues and rising inflation, and industry is expected to generate $3.74 trillion in sales…
- Business
Govt received Rs 7,85,914 crore till July, incurred Rs 11,26,745 crore as expenses
New Delhi: The Union government received Rs 7,85,914 crore till July 2022, consisting of Rs 6,66,212 crore in terms of tax revenue, Rs 89,583 crore of non-tax revenue, and Rs 30,119 crore…
- Technology
Crypto scam revenue slips 65% amid economic downturn
New Delhi: As the global downturn continues, the crypto scam revenue for 2022 also dropped 65 per cent at $1.6 billion this year, lower than where it was through the end of…
- Technology
Tencent fires 5.5K workers as sales down for 1st time since going public
Beijing: Chinese conglomerate Tencent has fired 5,500 employees, after posting a revenue of $19.8 billion in the June quarter, down 3 per cent which is the first decline since going public. China’s…
- Technology
Huawei’s revenue loss slows down amid Cloud push
Shenzhen: Chinese conglomerate Huawei on Friday posted nearly 6 per cent loss in revenue for the first six months of the year and its device business, which includes smartphones, fell 25.4 per…
- Technology
Coinbase reports $1.1 bn in net loss, revenue drops 60% in Q2
New Delhi: Largest cryptocurrency exchange Coinbase has reported a massive loss in both revenue and profit in the June quarter — logging $1.1 billion in net loss as revenue declined from $2.033…
- Telangana
Telangana: Stamps and registration dept amasses revenue of Rs 14.6 cr
Hyderabad: The stamps and registration department has witnessed an increase in revenue though sale of duty stamps and registrations this year. The revenue increased from 6 percent to an all-time high of…
- Business
iPhone revenue reaches $40.7 bn despite headwinds in June quarter
New Delhi: Riding on the iPhone 13 series, Apple saw its iPhone revenue jump 3 per cent to a record $40.7 billion in its June quarter. The iPhone growth was achieved “despite…
- Business
Wipro records gross revenue of Rs 215.3 billion in Q1
Bengaluru: Leading technology services and consulting company, Wipro, on Wednesday announced it registered a gross revenue of Rs 215.3 billion ($2.7 billion), an increase of 17.9 per cent YoY, in Q1. In…
- Technology
DoT scraps 3% floor rate on 5G spectrum usage charge
New Delhi: In a big relief for telecom companies, the Department of Telecommunications (DoT) has scrapped the 3 per cent floor rate on spectrum usage charge (SUC). As the government prepares for…
- Technology
Global server market revenues to reach $112 bn in 2022
New Delhi: The global server market’s revenue is expected to grow 17 per cent (on-year) to reach $111.7 billion in 2022, according to a new report. From an enterprise perspective, transformation to…
- Business
Adani Group’s drone division exploring two revenue models similar to tractor industry
New Delhi: The Adani Group’s commercial drones division is exploring two revenue models — dealer-based and service-based — while keeping its primary focus on the agriculture sector, a top official of the…
