November 30th, 2018Oppo’s managing director of India, Yi Wang has reportedly stepped down from his position and the basic reason behind this is the increasing losses faced by the Chinese smartphone company and on the other hand, growing competition in the local market.
It has also been reported that there was a pressure from the Oppo management on the...
September 22nd, 2018Online food delivery and restaurant discovery firm Zomato has ended the financial year 2017-18 with a 40% growth in revenues at Rs 466 crore. The firm also reduced its losses by almost 73% to come in at Rs 106 crore in FY18 as compared to Rs 390 crore last year.
According to the reports, the firm witnessed its standalone revenues...
June 1st, 2018Amazon Seller Services, the Indian unit of US e-commerce retailer Amazon has witnessed a growth in their losses by 31% in the financial year 2016-17 reaching up to Rs. 4,830.6 crore. This is because of the exaggerated investments in the country in order to fight against its competitor, Flipkart.
The Amazon Seller Services handles and...
May 30th, 2018India’s leading mobile internet company, One97 Communications Ltd. that owns Paytm carries on to make some profits through its inherited mobile non-core services business. According to the detailed financial statement filed with Registrar of Companies (RoC), the profit is considered to be 45% of the total revenue of One97 in the...
May 21st, 2018Myntra’s marketing strategies and intelligence have lately given a boost to the fashion and lifestyle business of its parent company Flipkart. The losses for the FY17 have reduced by 25% to Rs. 655 crore as against Rs. 823 crore in the previous year.
The major strategy adopted by the fashion and lifestyle etailer has been the focus...
January 25th, 2016MUMBAI: As per the report, Amazon India Losses in business goes up to Rs 1,724 crore in the year ended March 2015. The reason of such a huge loss occurred because of Amazon's expenses was due to higher advertising, sales and promotion costs of almost Rs 1,405 crore, almost equivalent to the combined marketing spends of Godrej...
