Revenue Loss
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Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
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Ola Electric's Q2 Loss Narrows, Says Most Service Issues 'Minor'
Ola Electric on Friday reported a narrower loss for the second quarter, attributing this to a significant increase in sales. The company also claimed that the recent rise in service requests primarily concerned "minor issues." Between July and September, Ola Electric delivered a total of 98,619 two-wheelers, marking a 73.6 percent increase from the...
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Intel Set for Big Drop in Quarterly Revenue as Chipmaker Struggles to Bounce Back
Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker.
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Manchester United Post Losses For Fifth Straight Year
Manchester United on Wednesday posted net losses of 113.2 million pound ($148 million) for 2023/24 despite earning record revenues -- their fifth straight year of losses.
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Manipur Lost Rs 500 Crore Revenue Due To Violence: Chief Minister
The Manipur government in its Budget for fiscal 2025 has allocated Rs 2,900 crore to strengthen the state police. It also reported a revenue loss of Rs 500 crore in the last fiscal due to the ethnic violence.
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Share Market Reverses Early Loss To Hit Record High Led By IT Stocks
Indian shares reversed early losses to hit record highs on Thursday, led by information technology stocks, after software services provider LTIMindtree posted a revenue beat in the June quarter.
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Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.
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Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss
Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.
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Billionaire Businessmen Arrested In Multi-Crore GST Fraud Case In Noida
In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.
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Unity Engine’s Installation-Based Fee Prompts Backlash From Game Developers: Details
Unity will soon charge developers a certain fee based on the number times a game is installed onto a system. The plan is called Unity Runtime Fee and it goes into effect starting January 1, 2024, upsetting indie developers around the world, who are bound to make a loss and potentially, go bankrupt because of it. For those on Unity Personal and Plus...
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Meesho Posts First-Ever Profit, Plans IPO in 12 to 18 Months
Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities...
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Ola Electric Said to Have Recorded $136 Million Loss in FY 2022-23, Missing Revenue Goal
India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal.
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Meta’s Reality Labs Continues to See Losses Despite Company Boasting 11 Percent YoY Spike in Revenue
Meta’s revenue climbed to $32 billion (roughly Rs. 2,62,377 crore) in the second quarter of 2023. The social networking giant did not disclose exactly how much its metaverse-related unit Reality Labs lose this quarter. It did however say, that its Reality Labs division could see more dips.
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Paytm Expects to Generate Free Cash Flow by Year-End: CEO Vijay Shekhar Sharma
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial ...
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6 Years Of GST: Rs 1.5 Lakh Crore Monthly Revenue, Focus Now To Curb Tax Evasion
Six years after Goods and Services Tax revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer.
-
Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
-
Ola Electric's Q2 Loss Narrows, Says Most Service Issues 'Minor'
Ola Electric on Friday reported a narrower loss for the second quarter, attributing this to a significant increase in sales. The company also claimed that the recent rise in service requests primarily concerned "minor issues." Between July and September, Ola Electric delivered a total of 98,619 two-wheelers, marking a 73.6 percent increase from the...
-
Intel Set for Big Drop in Quarterly Revenue as Chipmaker Struggles to Bounce Back
Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker.
-
Manchester United Post Losses For Fifth Straight Year
Manchester United on Wednesday posted net losses of 113.2 million pound ($148 million) for 2023/24 despite earning record revenues -- their fifth straight year of losses.
-
Manipur Lost Rs 500 Crore Revenue Due To Violence: Chief Minister
The Manipur government in its Budget for fiscal 2025 has allocated Rs 2,900 crore to strengthen the state police. It also reported a revenue loss of Rs 500 crore in the last fiscal due to the ethnic violence.
-
Share Market Reverses Early Loss To Hit Record High Led By IT Stocks
Indian shares reversed early losses to hit record highs on Thursday, led by information technology stocks, after software services provider LTIMindtree posted a revenue beat in the June quarter.
-
Trump Could Owe Over $100 Million In Taxes If He Loses Audit Case: Report
Former US President Donald Trump could owe more than USD 100 million in taxes if he loses years-long Internal Revenue Service (IRS) inquiry into his claims of huge losses on his Chicago skyscraper, the New York Times reported.
-
Meta Records 16 Percent Uptick in 2023 Annual Revenue, Metaverse Unit Still Under Loss
Meta managed to reel-in $134.9 billion in the year of 2023. On a yearly basis, Meta’s revenue spiked by 16 percent. It is, however, interesting that Meta’s Reality Labs unit has only seen losses since 2021.
-
Billionaire Businessmen Arrested In Multi-Crore GST Fraud Case In Noida
In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.
-
Unity Engine’s Installation-Based Fee Prompts Backlash From Game Developers: Details
Unity will soon charge developers a certain fee based on the number times a game is installed onto a system. The plan is called Unity Runtime Fee and it goes into effect starting January 1, 2024, upsetting indie developers around the world, who are bound to make a loss and potentially, go bankrupt because of it. For those on Unity Personal and Plus...
-
Meesho Posts First-Ever Profit, Plans IPO in 12 to 18 Months
Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities...
-
Ola Electric Said to Have Recorded $136 Million Loss in FY 2022-23, Missing Revenue Goal
India's largest e-scooter maker Ola Electric recorded an operating loss of $136 million on a revenue of $335 million in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal.
-
Meta’s Reality Labs Continues to See Losses Despite Company Boasting 11 Percent YoY Spike in Revenue
Meta’s revenue climbed to $32 billion (roughly Rs. 2,62,377 crore) in the second quarter of 2023. The social networking giant did not disclose exactly how much its metaverse-related unit Reality Labs lose this quarter. It did however say, that its Reality Labs division could see more dips.
-
Paytm Expects to Generate Free Cash Flow by Year-End: CEO Vijay Shekhar Sharma
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial ...
-
6 Years Of GST: Rs 1.5 Lakh Crore Monthly Revenue, Focus Now To Curb Tax Evasion
Six years after Goods and Services Tax revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer.
