You Searched For "massive net loss" and got 20 results
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4 mins read
India's diamond sector faces major crisis amid plummeting imports, exports, and massive job losses
According to the think tank data, a 24.5% drop in rough diamond imports from USD 18.5 billion in 20…
2 mins read
Zomato's net profit jumps 389% YoY, board approves Rs 8,500 crore fund-raise proposal
Ahead of the IPO of rival food and grocery delivery competitor Swiggy, Zomato's board also approved…
2 mins read
AI will spark massive disruptions to labor markets and there's no social safety net that can contain the fallout, University of Chicago professor says
American workers face a "day of reckoning" as the economy shifts to an AI-fueled labor force, one U…
Jennifer Sor
1 min read
SoftBank Group reports massive $5.9 billion net loss amid global tech meltdown
There is no respite for SoftBank Group in the ongoing global tech meltdown as the Japanese investme…
5 mins read
Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7
In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlin…
Dan DeFrancesco
1 min read
JSW Steel records five-fold jump in Q3 net profit at ₹2,415 cr
Billionaire Sajjan Jindal-led JSW Steel on Thursday reported a close to five-fold rise in its net p…
3 mins read
Commercial vehicle makers to incur ₹6,000 crore net loss this fiscal, says Crisil
In the April-June period of financial year 2021, as per data, the total CV (commercial vehicle…
PTI
1 min read
America’s largest crypto exchange Coinbase nosedives, reports $1.1 bn in net loss
America’s largest cryptocurrency exchange Coinbase has reported a massive loss in both revenue and …
3 mins read
Airtel set to narrow the gap with Jio as telecom users go premium
After suffering through years of disruptions and consolidations, the telecom sector is showing good…
7 mins read
Gautam Adani in striking distance of entering the top 20 richest club once again
Gautam Adani is now within striking distance of entering the top 20 billionaires club in the world,…
2 mins read
Metaverse stocks Nvidia and Roblox fall as Facebook parent Meta's Web3 business reports massive loss
Adobe, Block, and Unity, which have been dubbed metaverse plays as well, also fell on Meta's earnin…
Natasha Dailey
1 min read
Tech Mahindra’s net profits see a massive 32% drop even as its digital business is treading water amidst the COVID-19 crisis
Tech Mahindra has reported a drop of 4.3% in dollar revenue in Jan-Marhc 2020, compared to three mo…
2 mins read
Facebook-parent Meta planning massive layoffs: Report
After mass layoffs at Twitter, it is another Big Tech company's turn as the Mark Zuckerberg-led Met…
1 min read
China Evergrande crashes 87% to become a penny stock as the former $50 billion real estate giant reveals more steep losses
Once a $50 billion developer, shares of the troubled property giant tumbled in Hong Kong after a 17…
Insider Inc.
2 mins read
Evergrande's whopping $81 billion loss is almost triple Iceland's GDP - it's a reflection of China's deepening property crisis
After failing to finish projects and repay lenders, Evergrande now holds the unfortunate title as t…
Joseph Wilkins
8 mins read
Gautam Adani crashes out of the $100 billion club, but still is 10x richer than he was 2 years back
Gautam Adani, the richest Indian in the world, has crashed out of the elite club of billionaires wi…
7 mins read
New-age tech companies rake in business but are still making losses
New-age technology companies like Paytm, Delhivery, Zomato and Policybazaar are among companies tha…
2 mins read
Airtel posts a massive net loss of ₹2,866 crore, as pressure from Reliance Jio rises
Bharti Airtel has posted a loss of ₹2,866 crores for the first quarter of the current financial yea…
7 mins read
Paytm's lending and merchant businesses drive revenue growth in Q2 – low penetration offers headroom for growth say analysts
One 97 Communications, operator of the digital payments platform Paytm reported 14% sequential reve…
2 mins read
IndiGo’s net loss widens to ₹1,194 crore despite cost cuts, revenue dips 66%
The pandemic slump continues to weigh on the aviation sector. India's largest private airline IndiG…