Companies

Unacademy suffers a loss of Rs 285 crore in FY24

Gaurav Munjal-led edtech platform Unacademy recorded a loss of Rs 285 crore in FY24 compared to Rs 1,592 crore in FY23.

Dec 18, 2024

CureFit Suffers ₹888 Crore Loss in Financial Year 2024

The recent financial disclosure from CureFit, a leading fitness startup, has raised eyebrows in the business community. The company's consolidated loss for the fiscal year 2024 has seen a significant surge of 42%, amounting to Rs 888.5 crore, a substantial increase from Rs 625.5 crore in the previous fiscal year. This increase in losses is primarily attributed to the company's high cash burn rate.

Dec 17, 2024

GST officials search UpGrad offices, edtech unicorn says 'routine survey'

Edtech unicorn upGrad clocks Rs 560 crore loss in FY24

Online skills and learning platform upGrad has recorded a loss of Rs 560 crore in FY24, a decrease from a Rs 1,142 crore loss in FY23.

Dec 16, 2024

Reliance Industries marching towards negative return for 1st time in last 10 years

The share of Reliance Industries Limited (RIL) has underperformed in the last three months, and India's largest private firm stock is heading towards negative return for the first time in the last 10 years.

Dec 13, 2024

Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore

Zomato hit with Rs 803 crore tax notice demand amid AI integration plans

Zomato has been hit with a tax demand notice of Rs 803 crore by the Goods and Services Tax (GST) department. The notice, issued by the Joint Commissioner of CGST and Central Excise in Thane, includes GST demand and interest and penalty.

Dec 13, 2024

Telecom PLI sees Rs 3,998 crore worth actual investment: Centre

The production-linked incentive (PLI) scheme for telecom and networking products has witnessed Rs 3,998 crore worth actual investment (against Rs 4,014 crore as committed investment) by micro, small and medium enterprises (MSMEs) and non-MSMEs, the Parliament was informed on Wednesday.

Dec 12, 2024

Adani to finance Sri Lankan Port project on its own, withdraws request for US DFC funding

The Adani Ports and Special Economic Zones (APSEZ) Ltd on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding.

Dec 11, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Green fastest wealth creator, Adani Enterprises best all-round wealth creator: MOFSL

Adani Green has emerged as the fastest wealth creator during the five-year period (2019-March 2024), with a compound annual growth rate (CAGR) of 118 per cent

Dec 10, 2024

Kia India logged domestic sales of 22,523 units in August, a 17.19 per cent

Tata Motors, Kia India to increase prices across passenger vehicles portfolio

Tata Motors on Monday announced to hike prices by up to 3 per cent across its passenger vehicles (PVs) portfolio, including electric vehicles (EVs).

Dec 9, 2024

Airtel flags 8 billion spam calls, 800 million spam SMSes

After the government directed telecom operators to curb the spread of spam calls and messages, Bharti Airtel on Monday said it has flagged 8 billion spam calls and 800 million spam SMSes within two and a half months of launching its AI-powered, spam-fighting solution.

Dec 9, 2024

Adani Group to invest Rs 7.5 lakh crore in Rajasthan towards key infra projects

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Companies

Unacademy suffers a loss of Rs 285 crore in FY24

CureFit Suffers ₹888 Crore Loss in Financial Year 2024

Edtech unicorn upGrad clocks Rs 560 crore loss in FY24

Reliance Industries marching towards negative return for 1st time in last 10 years

Zomato hit with Rs 803 crore tax notice demand amid AI integration plans

Telecom PLI sees Rs 3,998 crore worth actual investment: Centre

Adani to finance Sri Lankan Port project on its own, withdraws request for US DFC funding

Adani Green fastest wealth creator, Adani Enterprises best all-round wealth creator: MOFSL

Tata Motors, Kia India to increase prices across passenger vehicles portfolio

Airtel flags 8 billion spam calls, 800 million spam SMSes

Adani Group to invest Rs 7.5 lakh crore in Rajasthan towards key infra projects

Elon Musk's xAI raises $6 billion to expand AI capabilities

Amazon sued over slow deliveries to low-income areas in US

Adani Defence hands over 2nd Drishti-10 drone to Indian Navy to enhance maritime security

Reddit post accuses Zepto of toxic work culture; CEO replies

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]