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BUSINESS

Reliance Jio Net Profit Surges 62.5%

January 17th, 2020

Telecom operator Reliance Jio posted a 62.5 percent jump in October-December quarter.

BUSINESS

Sachin Bansal's Chaitanya India applies for Universal Banking License

January 12th, 2020

Sachin Bansal owned Chaitanya India Fin Credit applied for a universal bank license to RBI.

BUSINESS

LIC Pension and Group Scheme Vertical's premium income crosses Rs 1 lakh crore

January 8th, 2020

LIC Pension and Group Scheme has created a new record by collecting more than Rs 1 lakh crore premium income during the current financial year.

BUSINESS

BYJU'S reduces loss to Rs 8.82 crore in FY19; revenue up at Rs 1,305.92 cr

December 17th, 2019

New Delhi, Dec 17, 2019: India's Online education startup BYJU''S has reduced its loss to Rs 8.82 crore, while registering manifold in revenue from operations, according to regulatory documents. Think & Learn Pvt Ltd, the entity that runs BYJU''S, reduced its loss to Rs 8.82 crore in the fiscal ended March 2019 from a loss of Rs...

BUSINESS

Accel India Raises $550 Million Fund

December 3rd, 2019

VC firm Accel indian subsidiary Accel India raises its sixth $550 fund.

BUSINESS

Yahoo Japan and Line Corp Announced Merger

November 18th, 2019

Online services Yahoo Japan and Line Corp. have announced they are merging.

BUSINESS

NY Times Advertising Profit Hits, Overall Ad Revenue decline

November 6th, 2019

New York Times profits slipped in the third quarter as declines in advertising revenues.

BUSINESS

Ferrari Collaborates with Armani over Merchandise, Entertainment & others

November 5th, 2019

With Armani collaboration, Ferrari aims to earn 10% of earnings before interest and taxes in seven to 10 years from areas like apparel, entertainment, and luxury services.

BUSINESS

Flipkart Registered $540 Million Loss in 2018-19

October 29th, 2019

Flipkart India registered a higher loss of $540 Million during 2018-19 as compared to the previous financial year.

BUSINESS

Infosys conduct independent investigation on whistleblower allegations: Nandan Nilekani

October 22nd, 2019

The whistleblower complaint by a group that alleged CEO Salil Parekh and CFO Nilanjan Roy were indulging in unethical practices.

BUSINESS

TikTok owner ByteDance Revenue Jumps over $7 billion in First Quarter

September 30th, 2019

ByteDance, which was loss-making in the first-half, also posted a profit in June and was confident of making a profit in the second half of the year, one of the people said, declining to be identified as the company has not made a public announcement. Robust growth has led the Beijing-based startup to revise its revenue target for...

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Wipro Ventures Closes Second Fund of USD 150 mn