Vivo posts highest ever loss of Rs 349 crore in FY20, but revenue up 45% on year
This comes after its sister brand Oppo also reported its largest loss-making year in FY20 with losses amounting to Rs 2,203 crore. Both Vivo and Oppo along with OnePlus and Realme are owned by China’s BBK group.
The Indian IPO that saw tepid bids 4 months ago is spinning money now
While many analysts believe the stock is priced to perfection, some oth...
Andromeda targets 20 pc increase in loan disbursal in FY22 at Rs 30K cr
V Swaminathan, CEO Andromeda & Apnapaisa, said the company's loan dis...
Govt extends last date for annual GST filing till March-end for FY 20
"In view of the difficulties expressed by the taxpayers in meeting this time limit, government has decided to further extend the due date for furnishing of GSTR-9 and GSTR-9C for the financial year 2019-20 to 31.03.2021 with the approval of Election Commission of India," the Central Board of Indirect Taxes and Customs (CBIC) said Sunday.
Bihar clocks 10.5% growth rate in FY 2019-20: Economic Survey
The growth rate in Bihar in 2019-20 fiscal has been recorded at 10.5 per cent while it was 4.2 at the national level during the period, the Economic Survey 2020-21 introduced in the state legislative assembly during the day said.
Nureca IPO subscribed nearly 14.8 times on Day 2
The IPO, which is being sold in a Rs 396-400 price band, received bids for 2,07,03,200 shares, which was 14.8 times the issue size of 14,01,595 shares.
About 12% EPFO subscribers yet to get interest payment for FY20
Every year, the EPFO credits interest on establishment basis and not on individual basis. If the details of even one employee in the establishment do not match, payments to the entire establishment get stuck resulting in delays. This year, this glitch has impacted a considerable number of establishments.
Cost cuts, exports help Daimler halve India losses in FY20
Led by improved operating performance and higher responsibility given to India by the global office in terms of development, sourcing and exports, DICV announced close to $300 million investment in India in May of 2020 for the period of next three to five years.
GMR Infra Q3 results: Company reports net loss of Rs 1,120 cr
The consolidated total income for the quarter under discussion was down to Rs 1673.53 crore against Rs 2297.65 crore.
Tata Steel India business has delivered 20% margin even in worst time: TV Narendran
For Tata Steel, the India business has consistently been one of the most profitable steel businesses in the world. Today steel prices are higher than the long-term average
Grofers' revenues double; losses widen in FY20
E-grocery has surged over 100% in the past year as India went into lockdown, which kept consumers away from super markets and modern trade outlets.
Three-wheeler sales year to date in FY21 just a quarter of FY20, no signs of recovery
Sales of three-wheelers in the domestic market have declined 74% year-on-year between April and December to 130,601 units, data from the Society of Indian Automobile Manufacturers (SIAM) showed. Sales of goods carriers fared slightly better than passenger carriers.
BigBasket clocks 36% revenue growth in FY20
BigBasket’s expenses rose from Rs 3,365 crore in FY19 to Rs 4,411 crore in FY20.
GDP growth for FY20 revised downwards to 4% from 4.2%
The statistics office on Friday revised the growth rate for India’s gross domestic product (GDP) for fiscal 2020 to 4% from 4.2% earlier. However, the growth estimate for FY19, was raised to 6.5% from 6.1%. As per the estimates, the savings rate rose in the last two years.
Snapdeal clocks Rs 846.4 crore revenue in FY20
The total revenue dipped marginally from Rs 925.3 crore in FY19 to Rs 916 crore in FY20 on account of reduction in finance and other income.