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Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
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Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
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Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank
Digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit.
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Vodafone Idea Seeks 30-Day Extension to Pay Rs. 1,680 Crore for Spectrum Auction Instalment
Debt-ridden Vodafone Idea has sought 30 days more time to pay around Rs. 1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. The company has proposed to pay the amount with interest.
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Ola Cabs Loss Widens To Rs 3,082 Crore In FY22
Ride-hailing company Ani Technologies Pvt Ltd, popularly known as Ola Cabs, saw its loss widening to Rs 3,082 crore in 2021-22, according to financial data accessed by business intelligence platform Tofler.
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Spotify Beats Expectations to Cross 500 Million User Mark as First Quarter Loss Widens
Spotify on Tuesday stated that it had 515 million monthly active users on the platform in March, while the number of paying subscribers rose to 210 million. The music streaming service said it had posted its "strongest" first quarter "since going public in 2018," even as the firm's operating loss widened in the first quarter of 2023.
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Silicon Valley Bank Collapse: Financial Stocks Lose $465 Billion In 2 Days
Losses widened today, with the MSCI Asia Pacific Financials Index dropping as much as 2.7% to the lowest since Nov. 29.
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Zomato Reports Consolidated Net Loss in Q3 2022, Says Firm Exited 225 Smaller Cities
Online food delivery platform Zomato on Thursday reported a widening of consolidated net loss at Rs. 346.6 crore in the third quarter ended December 31, 2022 impacted by higher expenses and slowdown in food delivery business. The company had posted a consolidated net loss of Rs. 67.2 crore in the same quarter last fiscal, Zomato said in a regulato...
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SpiceJet Shares Down Over 4% After Q2 Net Loss Widens
Shares of SpiceJet on Tuesday fell over 4 per cent in morning trade after the firm reported widening of net loss to Rs 837.8 crore in the three months ended September.
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Paytm Stock Falls Over 1% As Net Loss Widens In Q2
Shares of Paytm's parent firm One97 communications on Wednesday fell over 1 per cent after the company reported widening of its consolidated loss to Rs 593.9 crore in the second quarter
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Flipkart Losses Widened to Over Rs. 7,800 Crore, Net Income Increased by 20 Percent in FY22
Flipkart's losses in the financial year 2021-2022 based on performance of the company's business-to-business unit Flipkart India and business-to-consumer Flipkart Internet widened to Rs. 7,800 crore, according to regulatory filings. The combined loss of the company's entities for the financial year 2020-2021 stood at Rs. 5,352 crore. Meanwhile, the...
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Paytm Net Loss Widens To Rs 594 Crore In Q2
Digital financial services firm One97 Communications, which owns Paytm brand, on Monday reported widening of consolidated loss to Rs 593.9 crore in the second quarter ended September 30, 2022.
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Flipkart FY22 Losses Widen To Over Rs 7,800 Crore
E-commerce major Flipkart's losses widened to over Rs 7,800 crore in the financial year 2021-22 based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet.
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Vodafone Idea Q2 Loss Widens to Rs. 7,596 Crore, ARPU Rises as Telecom Operator Continues to Lose Subscribers
Vodafone Idea on Thursday reported that its Q2 loss had widened to Rs. 7,596 crore on the back of a decline in subscribers and higher expenses for the telecom service provider. The operator said its subscriber base declined to 234.4 million from 240.4 million in the first quarter, while total expenses rose 10 percent to Rs. 18,302 crore.
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Flipkart India's FY22 Net Loss Increases To Rs 3,413 Crore Despite Rise In Revenue
E-commerce major Flipkart India's consolidated net loss widened to Rs 3,413 crore in the financial year 2021-22 despite increase in revenues.
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Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
-
Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
-
Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank
Digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit.
-
Vodafone Idea Seeks 30-Day Extension to Pay Rs. 1,680 Crore for Spectrum Auction Instalment
Debt-ridden Vodafone Idea has sought 30 days more time to pay around Rs. 1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. The company has proposed to pay the amount with interest.
-
Ola Cabs Loss Widens To Rs 3,082 Crore In FY22
Ride-hailing company Ani Technologies Pvt Ltd, popularly known as Ola Cabs, saw its loss widening to Rs 3,082 crore in 2021-22, according to financial data accessed by business intelligence platform Tofler.
-
Spotify Beats Expectations to Cross 500 Million User Mark as First Quarter Loss Widens
Spotify on Tuesday stated that it had 515 million monthly active users on the platform in March, while the number of paying subscribers rose to 210 million. The music streaming service said it had posted its "strongest" first quarter "since going public in 2018," even as the firm's operating loss widened in the first quarter of 2023.
-
Silicon Valley Bank Collapse: Financial Stocks Lose $465 Billion In 2 Days
Losses widened today, with the MSCI Asia Pacific Financials Index dropping as much as 2.7% to the lowest since Nov. 29.
-
Zomato Reports Consolidated Net Loss in Q3 2022, Says Firm Exited 225 Smaller Cities
Online food delivery platform Zomato on Thursday reported a widening of consolidated net loss at Rs. 346.6 crore in the third quarter ended December 31, 2022 impacted by higher expenses and slowdown in food delivery business. The company had posted a consolidated net loss of Rs. 67.2 crore in the same quarter last fiscal, Zomato said in a regulato...
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SpiceJet Shares Down Over 4% After Q2 Net Loss Widens
Shares of SpiceJet on Tuesday fell over 4 per cent in morning trade after the firm reported widening of net loss to Rs 837.8 crore in the three months ended September.
-
Paytm Stock Falls Over 1% As Net Loss Widens In Q2
Shares of Paytm's parent firm One97 communications on Wednesday fell over 1 per cent after the company reported widening of its consolidated loss to Rs 593.9 crore in the second quarter
-
Flipkart Losses Widened to Over Rs. 7,800 Crore, Net Income Increased by 20 Percent in FY22
Flipkart's losses in the financial year 2021-2022 based on performance of the company's business-to-business unit Flipkart India and business-to-consumer Flipkart Internet widened to Rs. 7,800 crore, according to regulatory filings. The combined loss of the company's entities for the financial year 2020-2021 stood at Rs. 5,352 crore. Meanwhile, the...
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Paytm Net Loss Widens To Rs 594 Crore In Q2
Digital financial services firm One97 Communications, which owns Paytm brand, on Monday reported widening of consolidated loss to Rs 593.9 crore in the second quarter ended September 30, 2022.
-
Flipkart FY22 Losses Widen To Over Rs 7,800 Crore
E-commerce major Flipkart's losses widened to over Rs 7,800 crore in the financial year 2021-22 based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet.
-
Vodafone Idea Q2 Loss Widens to Rs. 7,596 Crore, ARPU Rises as Telecom Operator Continues to Lose Subscribers
Vodafone Idea on Thursday reported that its Q2 loss had widened to Rs. 7,596 crore on the back of a decline in subscribers and higher expenses for the telecom service provider. The operator said its subscriber base declined to 234.4 million from 240.4 million in the first quarter, while total expenses rose 10 percent to Rs. 18,302 crore.
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Flipkart India's FY22 Net Loss Increases To Rs 3,413 Crore Despite Rise In Revenue
E-commerce major Flipkart India's consolidated net loss widened to Rs 3,413 crore in the financial year 2021-22 despite increase in revenues.
