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Tag: loss
PB Fintech’s net loss narrows to $1.4 mn in Q1 on loan, insurance demand
Revenue from operations rose 31.8% to 6.66 billion rupees, with revenue from Policybazaar and Paisabazaar, its core online business, growing 39% to 5.16 billion rupees. India’s PB Fintech the parent of online insurance aggregator Policybazaar, reported a narrower first-quarter loss on Monday on growing demand for insurance and loans. PB Fintech, which… Continue reading PB Fintech’s net loss narrows to $1.4 mn in Q1 on loan, insurance demand
India Cements posts net loss of Rs 74 crore in Q1 due to dip in sales
Illustration: Ajay Mohanty Chennai-based India Cements has recorded a net loss of Rs 74 crore for the first quarter of FY24, following a decrease in sales and revenue. The company registered a net profit of Rs 84 crore during the same quarter in FY23. Its revenue from operations for the quarter under review… Continue reading India Cements posts net loss of Rs 74 crore in Q1 due to dip in sales
Donald Trump bashes Megan Rapinoe, USWNT after shocking loss to Sweden: ‘
Former President Trump did not hold back how he felt after watching Megan Rapinoe and others on the U.S. women’s national team miss penalty kicks that ultimately led to an early exit in the round of 16 at the 2023 Women’s World Cup against Sweden. Using the social media platform Truth Social, Trump bashed Rapinoe… Continue reading Donald Trump bashes Megan Rapinoe, USWNT after shocking loss to Sweden: ‘
India Cements posts wider Q1 adjusted loss as raw material costs weigh
(Reuters) – India Cements reported a wider adjusted loss in the first quarter on Monday, hurt by irregular monsoon and high raw material costs. The company reported a loss before exceptional items and tax at 989.1 million rupees ($11.96 million), from 720.1 million rupees loss a year ago. Revenue from operations fell… Continue reading India Cements posts wider Q1 adjusted loss as raw material costs weigh
Burger King’s India operator posts wider Q1 loss on back of higher costs
Total expenses increased over 21 per cent to Rs 672 crore, with cost of materials consumed climbing 26 per cent due to rising costs of ingredients including cheese and vegetables Restaurant Brands Asia on Monday reported a steeper first-quarter loss, as Burger King’s India operator incurred higher raw material expenses while also spending heavily… Continue reading Burger King’s India operator posts wider Q1 loss on back of higher costs
Credit extended to Videocon caused loss of Rs 1,000 cr to ICICI Bank
The credit facilities sanctioned by the ICICI Bank to the Videocon group turned into non-performing assets (NPAs) of more than Rs 1,000 crore, the CBI has claimed in the charge sheet filed against the bank’s former CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon founder Venugopal Dhoot. The over 10,000 pages-long charge… Continue reading Credit extended to Videocon caused loss of Rs 1,000 cr to ICICI Bank
Warner Bros Discovery reports smaller quarterly loss on cost cuts
Warner Bros Discovery posted a smaller loss for the second quarter on Thursday as the media conglomerate benefited from cost cuts, sending its shares nearly 4 per cent higher in premarket trading. Media companies have been looking to strike the right balance between spending on content and boosting profitability. Under Chief Executive… Continue reading Warner Bros Discovery reports smaller quarterly loss on cost cuts
MLS coach slams officiating, treatment of Lionel Messi in loss to Inter Miami
Lionel Messi has been a welcomed addition to Major League Soccer, with one exception: Orlando City coach Oscar Pareja. Inter Miami celebrated a 3-1 victory over Orlando City on Wednesday in a Leagues Cup match in which Messi scored twice, making it his second consecutive multi-goal performance since joining the team and his third-straight scoring.… Continue reading MLS coach slams officiating, treatment of Lionel Messi in loss to Inter Miami
Adani Wilmar posts Rs 79 cr loss in June quarter due to lower income
Adani Wilmar sells edible oils and other food items under Fortune Brand. Edible oil major Adani Wilmar on Wednesday reported a net loss of Rs 79 crore in the June quarter due to lower income amid fall in prices of cooking oils. The company had posted a net profit of Rs 194 crore… Continue reading Adani Wilmar posts Rs 79 cr loss in June quarter due to lower income