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New Delhi, May 20: Fintech company MobiKwik has reported a wider consolidated loss of Rs 56.03 crore in the fourth quarter of the financial year 2024-25 (Q4 FY25), compared to a small loss of just Rs 67 lakh in the same quarter last fiscal (Q4 FY24). The company's loss also increased from Rs 55.2 crore in the previous quarter (Q3 FY25), according to its stock exchange filing. For the full financial year FY25, MobiKwik recorded a loss of Rs 121.5 crore. This is a major setback for the Gurugram-b ...Read More >
New Delhi: Fintech firm One MobiKwik Systems on Tuesday said its consolidated loss widened to Rs 56 crore in the quarter-ended March 31, 2025.It had reported a loss of Rs 0.6 crore in the year-ago period, according to a regulatory filing.Revenue from operations saw a marginal increase from Rs 264.9 crore in Q4 FY24, to Rs 267.7 crore in Q4 FY25. The Gurgaon-headquartered firm's Payments GMV (Gross Merchandise Value) grew 203 per cent year-on-year to Rs 1,15,900 crore, according to a company sta ...Read More >
New Delhi, Jan 22 (PTI) The Rs 2,715-crore acquisition of premium beauty brand Minimalist from a company founded four years ago is "a great example of making" Hindustan Unilever Ltd's portfolio future fit and it shows the startup ecosystem in India definitely has a strong future ahead, according to its CEO and Managing Director Rohit Jawa. Hindustan Unilever Ltd on Wednesday announced that it has signed and executed share purchase and subscription agreement for acquisition of 90.5 per cent of s ...Read More >
New Delhi, Jan 14 (PTI) EET Fuel, the trading name of Essar Oil (UK) Ltd, on Tuesday announced securing USD 350 million finance as investors reposed confidence in its decarbonisation strategy and market positioning. The firm secured USD 350 million through a combination of new financing by African Export-Import Bank (Afreximbank) and upsizing extension of existing crude facility, it said in a statement. Also Read | What Are QR Code Scams? How Can You Spot Fake QR Code and Be Safe From Scammers ...Read More >
New Delhi, Jan 14 (PTI) EET Fuel, the trading name of Essar Oil (UK) Ltd, on Tuesday announced securing USD 350 million finance as investors reposed confidence in its decarbonisation strategy and market positioning. The firm secured USD 350 million through a combination of new financing by African Export-Import Bank (Afreximbank) and upsizing extension of existing crude facility, it said in a statement. EET Fuels, which owns and operates the UK's Stanlow refinery, is investing USD 1.2 billion ...Read More >
Mumbai, Dec 18 (PTI) Cochin Shipyard Limited's wholly-owned subsidiary Udupi-Cochin Shipyard on Wednesday announced the launch of the Series of Six 3800 TDW general cargo vessels being built for Norway's Wilson ASA. The vessel was launched by Martine Aamdal Bottheim, Minister Counsellor and Deputy Head of Mission at the Royal Norwegian Embassy, along with Wilson ASA Chief Financial Officer Einar Tornes and Cochin Shipyard's Chairman and MD Madhu S Nair, Cochin Shipyard Ltd said. Constructed as ...Read More >
NEW DELHI (Reuters) - An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023 was rolled out internally in 2013 and approved in writing by top India executives, a confidential company document shows. Tax inspectors accuse the British insurer of engaging in a clandestine scheme involving hundreds of individuals and illegal payments of $26 million that used fake invoices to enable the commissions in excess of regulatory caps, Reuters has ...Read More >
Bengaluru, India (ots/PRNewswire) - To help unify Kardex's ERP system in over 30 countries leveraging Infosys Cobalt Infosys (https://www.infosys.com/en.html) (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Kardex (https://www.kardex.com/en/) , a leading global provider of intralogistics solutions, including automated storage solutions and material handling systems, to transform its bus ...Read More >
New Delhi, Dec 4 (PTI) UP-based Meja Urja Nigam Pvt Ltd (MUNPL) on Wednesday said its board has approved the first interim dividend of Rs 350 crore for the current financial year. The dividend will be paid in ratio of 50:50 to promoter entities NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) by this week, the company said in a statement. "The Board of Directors on Tuesday approved the payment of an interim dividend of Rs. 0.96 per ordinary share of Rs 10 each, totalling Rs ...Read More >
4HANA Bengaluru, India (OTE) - To help unify Kardex's ERP system in over 30 countries leveraging Infosys Cobalt Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Kardex, a leading global provider of intralogistics solutions, including automated storage solutions and material handling systems, to transform its business operations using SAP S/4HANA. Leveraging Infosys Cobalt, a set of ...Read More >
BENGALURU, India, Dec. 4, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Kardex, a leading global provider of intralogistics solutions, including automated storage solutions and material handling systems, to transform its business operations using SAP S/4HANA. Leveraging Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate thei ...Read More >
LONDON - South32 (OTC:SOUHY) Limited (ASX / LSE / JSE: S32; ADR: SOUHY), the globally diversified mining and metals company, announced the appointment of Stephen Pearce and Mandla Msimang as independent Non-Executive Directors to its Board, effective from February 1, 2025. Both Pearce and Msimang will seek election by shareholders at the company's 2025 Annual General Meeting. Stephen Pearce brings over two decades of directorship experience and is currently serving on the board of BAE Systems ( ...Read More >
Investing.com -- Evercore ISI upgraded Zoom Video Communications Inc (NASDAQ:ZM) Inc to "outperform" from "in line" on Tuesday, driven promising growth opportunities in artificial intelligence and new product lines, strong operational execution, a bottoming out of churn rates. Zoom's most recent quarter showcased record-low online churn at 2.7% and a steady enterprise net retention rate of 98%. Growth in large accounts was notable, with customers generating over $100,000 in annual revenue risin ...Read More >
Sam Altman is the latest tech exec to get a seat at the political table. The OpenAI cofounder and CEO is cochairing the transition team for San Francisco mayor-elect Daniel Lurie, Lurie announced Monday. The other cochairs include alums from local government and nonprofits, as well as Ned Segal, Lurie's campaign cochair and Twitter's former CFO. "I'm excited to help the city I love, and where OpenAI was started, as it begins its next chapter with Mayor-elect Lurie stepping into his new rol ...Read More >
Rachel Ruggeri, the Executive Vice President and Chief Financial Officer of Starbucks Corp (NASDAQ:SBUX), recently sold 1,452 shares of the company's common stock. The transaction, executed on November 15, 2024, was conducted at an average price of $99.07 per share, amounting to a total sale value of approximately $143,849. This sale was carried out as part of a pre-established Rule 10b5-1 trading plan, which Ruggeri adopted on November 28, 2023. Such plans allow company insiders to set up a pr ...Read More >
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