Photo: Business Standard

India Covers Loss Faced In In First Quarter Amid Discounted Fuel From Russia

India’s three state-owned oil firms which supply 90% of the country’s fuel suffered a record Rs 18,000 crore loss in the first quarter of 2022. The loss was in view of not raising prices till UP election results in March, despite crude rates increasing globally.  However, by defying western pressure to import Russian oil at discounted rates since February 2022, India has already saved Rs 35,000 crores.

Mon, 19 Sep 2022 - 08:24 PM / by Varsha Joshi

Tags: Fuel, Russia Import, Indian government, fuel prices, Loss


Photo: Gadgets Garena

Netflix Subscriber Base Continues To Decline; Loss For 2 Consecutive Quarters For 1st Time In History

Netflix subscriber base is continuing to decline. On July 19, the firm announced its second-quarter earnings statement (Q2 2022), highlighting subscriber losses for two consecutive quarters for first time in history. It lost about 970,000 paid subscribers in June quarter, which was still less than the two million predicted. The streaming behemoth lost roughly 200,000 paid subscribers in March quarter (Q1 2022). Netflix presently has 220.67… read-more

Wed, 20 Jul 2022 - 06:42 PM / by Vidhi Jhunjhunwala

Tags: Netflix, Subscribers, paid members, Loss, quarters

Courtesy: India today

IndiGo Flights

Photo: Hindustan Times

IndiGo Suffers Huge Loss In Q4 2022 Amid Omicron Variant

Airlines IndiGo suffered a huge net loss of Rs 1,681 crore in the quarter ending March, said company on May 25.  The airlines' Q4 loss was said to be 46.6% close to Rs 6,161 crores, more compared to the loss in 2021, which was Rs 5,806 crores. Notably, Covid-19's Omicron variant and deduction in travel demand was one of the major reason behind the loss.

Wed, 25 May 2022 - 10:19 PM / by Varsha Joshi

Tags: IndiGo, Airlines , Quarter 4, omicron, Loss


Photo: Netflix/Twitter

Netflix Loses 2,00,000 Subscribers In Less Than 100 Days

OTT giant Netflix has lost over 2,00,000 subscribers in less than a hundred days. The company has chalked it up to the suspension of its services in Russia. The value of the firm's shares also sank by a quarter following the revelation. Netflix has shared that it may offer more affordable plans with advertisements, in order to win back the lost audience.

Wed, 20 Apr 2022 - 03:58 PM / by Varun Das

Tags: Netflix, Entertainment, streaming service, business, Loss

Courtesy: NDTV

Cristiano Ronaldo

Photo: Bleacher Report

Cristiano Ronaldo Announces Tragic Death Of Newborn Son

Footballer Ronaldo has announced the tragic death of his newborn son. The Portuguese footballer had been expecting twins with his girlfriend Georgina Rodriguez. While a baby girl was born, the male child could not survive. The 37-year-old posted an emotional message on Twitter, sharing that he was devastated by the loss, and that only the birth of the baby girl is now helping the couple get through these hard times.

Tue, 19 Apr 2022 - 03:46 PM / by Varun Das

Tags: Cristiano Ronaldo, Ronaldo, Loss, tragedy, footballer

Courtesy: Hindustan Times

Telangana Fire

Photo: The Hans India

Fire Breaks Out In Telangana Godown, Loss Of Rs 38 Cr Reported

A massive fire broke out in Telangana State Handloom Weavers Cooperative Society in the wee hours of April 12. The locals immediately informed the police and fire tenders, following which six fire brigades rushed to the spot, and started dousing the fire, which is yet to be complete. Although no casualties were reported in the incident, the TSCO had a loss of Rs 38 crores. Further investigation is underway… read-more

Tue, 12 Apr 2022 - 02:40 PM / by Varsha Joshi

Tags: Telangana, Cooperative Society, Fire Outbreak, Loss, Fire Tenders

Apple & Tim Cook

Photo: BBC

$315 Billion In Market value Evaporates After Apple's New iOS Privacy Policy

Four giant companies suffered a loss of $315 billion after Apple updated its iOS, in 2021. As per reports, users had to opt-in instead of opt-out allowing users to ad-track by social media apps like Facebook and Twitter. This change is estimated to cost Meta Platforms an estimated $10 billion in revenue, in 2022, informed CFO David Wehner. "We believe management's tone around iOS impact has deteriorated,'' stated JP Morgan. 

Fri, 04 Feb 2022 - 01:24 PM / by Shaloo Priya

Tags: Technology, Apple, new update, Loss, business

Courtesy: Business Insider

Grocery Delivery service of Zomato

Photo: Entracker

Zomato Announces To Shut Its Grocery Delivery Service

Food delivery giant Zomato has announced that it's going to stop its grocery delivery service effective from September 17. Reportedly, the company took this decision due to multiple reasons such as poor customers experience, increasing competition, and delays in deliveries. Zomato also couldn't compete with grocery delivery platform Grofers' 10-minute delivery promise. While It's confident that its stake in Grofers will generate better income… read-more

Sun, 12 Sep 2021 - 06:50 PM / by Brijesh Goswami

Tags: ZOMATO, Grocery Delivery, Grofers, Loss

Courtesy: Money Control


Photo: Pinterest.com

Ford Motors To Soon Shut Down Its Indian Manufacturing Units

American Multinational Manufacturer Ford Motor Company will soon be shutting down its Indian Manufacturing plants and all operations in India. Reportedly, the announcement comes on September 9 as the company had to bear a heavy loss of almost $2 billion. "We are taking difficult, but necessary actions to deliver a sustainable Profitable Business," said Jim Farley, Ford Motors CEO.

Thu, 09 Sep 2021 - 09:00 PM / by Balaji L

Tags: Ford, closed, Manufacturing, Loss

Courtesy: Money Control

160 held by police for destructing property of Wistron.

Photo: New Indian Express

Wistron Accuses Employees Of Damaging Property Worth Rs 437 Cr

Wistron India has filed a case on December 14 against their employees for destructing the iPhone manufacturing plant in Karnataka's Kolar district. The firm claimed a loss of Rs 437.70 crore including gadgets that were either damaged or stolen. Moreover, the factory's infrastructure as well as a few parked cars were also vandalised. Reportedly, Kolar Police have arrested 160 violators based on CCTV footage and workers' shift list.

Mon, 14 Dec 2020 - 08:27 PM / by Rashi Jain

Tags: iphone, Manufacturing, Loss, Damage, Theft, Infrastructure

Courtesy: The Indian Express