Photo: India Today
Indian Railways Reveals Earning Profit Of Rs 2,800 Crores Revising Norms
Indian Railways has earned an additional revenue of more than Rs 2,800 crore from child travellers in the last seven years by revising child travel fare norms, an RTI response has found. The response from the Centre for Railway Information Systems (CRIS) under the Right to Information (RTI) Act further indicates that the financial year of 2022-23 alone earned Rs 560 crore, amid amended norms.
Tags: Indian Railways, PROFIT, Goverment of India, RTI , FISCAL YEAR, Child Norms
Courtesy: The Press Trust of India
Photo: The Indian Express
Zomato Revenue Increased To 20 Million, First Ever Quarterly Profit
India's Zomato reported its first quarterly profit on Thursday, helped by a tax gain and strong orders on its food delivery and quick commerce platforms. The company reported a profit of 20 million rupees ($241,861.37) for the quarter ended June 30. Zomato, which also runs grocery delivery service Blinkit, said consolidated revenue from operations rose 70.9% to 24.16 billion rupees in the first quarter.
Tags: Business News, Zomato Business, PROFIT, revenue, Highest Ever
Courtesy: Hindustan Times
Photo: Disney Plus
Disney CEO Announces Layoffs, Fires 7,000 Employees
In another major layoff, Disney fired approximately 7,000 employees, on February 8. Disney CEO Bob Iger announced the mass layoff to cut costs, confirmed sources. The move was "necessary to address the challenges we're facing today," said Bob. Its current forecasts indicate Disney+ will hit profitability by the end of fiscal 2024. Moreover, Disney's direct-to-consumer division, which includes its streaming services, saw a 13% increase in… read-more
Tags: layoff, Disney, employees, PROFIT, Financial Business
Courtesy: The Free Press Journal
Photo: Deccan Herald
Mahindra Increases Profit By 427% To INR 1,292 Cr For Fiscal Quarter March 2022
Mahindra & Mahindra announced 427% increase in its standalone profit (after exceptional items) to INR 1,292 crore for quarter ending March 2022 on May 28. In previous fiscal quarter, the firm posted PAT of INR 245 crore. As per the corporation, its automotive division has over 170,000 total open reservations, with XUV7OO leading the way with 78,000 open bookings. Board of directors declared a dividend of INR 11.55 per share.
Tags: Mahindra & Mahindra, Mahindra XUV700, PROFIT, FISCAL YEAR (3460, Car
Courtesy: Economic Times
Photo: India Tv News
Profit For Indian Railway Finance Corporation Increases By 37.90% In 2021-22
The external financing arm of Indian Railways, Indian Railway Finance Corporation Limited (IRFC), reported a 37.90% increase in profit after tax to Rs 6,090 crore in 2021-22 on May 20. The company's profit after tax for the previous fiscal year was 4,416 crore. As of March 31, 2022, the company's assets under management were €4,15,238 crore, representing a 15.32% increase.
Tags: Indian Railways, RAILWAYS, profit after tax, IRFC, PROFIT
Courtesy: NDTV
Photo: Facebook
Nykaa Reports 58% Fall In Profit, Revenue UP By 36%
Iconic fashion brand and e-shopping site Nykaa recorded a plunge in profit. On February 9, the company released Q-3 FY and reported 58% down profit to Rs 29 crore revenue. Although the revenue was increased by 36%, the overall profit income decreased from the previous Rs 68.88 crore profit. In addition, the revenue till December 2021 increased by Rs 1,098.39 crore from the previous Rs 807.96 crores.
Tags: Nykka, Cosmetics Brand, Q3 FY, revenue, PROFIT
Courtesy: The Economic Times
Photo: Delhivery
Delhivery Acquires B2B Company Spoton For $300 Million
Spoton Logistics has reportedly been acquired by Delhivery ahead of the planned initial public offering (IPO). Though no financial terms about the acquisition have been disclosed, it has been estimated that the acquisition was almost $300 million. The acquisition of Spoton Logistics has not only helped Delhivery to strengthen its Business-to-Business but also to emerge as one of India's largest delivery and e-commerce logistics companies. … read-more
Tags: Delhivery, Acquisition, IPO, PROFIT
Courtesy: The Economic Times
Photo: Money Control
Tata Communications Clock Rs 299 Crore Net Profit In Q4 Of FY21
Tata Communications has clocked a consolidated net profit of Rs 299 crore for the fourth quarter of financial year 2020-21. Reportedly, the Indian telecommunication giant recovering from Rs 275 crore loss a year ago due license fee gained strong operating performance as it reaped highest profit in last 11 years. Terming the FY21 as a ‘great year’ Tata Communications MD and CEO A S Lakshminarayanan said the company made “excellent progress on… read-more
Tags: tata communications, Tata Company, PROFIT, consolidated Net Profit
Courtesy: Outlook
