The Bengaluru-based company reported a net loss of ₹495 crore, which was lower than ₹524 crore reported in the same quarter last year. On a sequential basis, the loss widened from ₹347 crore in Q1FY25 to ₹495 crore in Q2FY25.
This story is from the November 09, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 09, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
India, Oman agree to amend tax treaty
India and Oman Tuesday signed an agreement amend their taxation to treaty Double on Taxation Avoidance Agreement (DTAA) in an attempt to align it with \"international standards on cross-border taxation, simplifying tax procedures, and promoting greater cooperation in tax matters\".
'Index providers seeing healthy competition and innovation'
Underpinning the sharp growth in the passive fund industry are index providers. Asia Index, which recently parted ways with equal joint venture (JV) partner S&P Dow Jones Indices (DJI), is trying to leverage its parent BSE to boost its presence. ASHUTOSH SINGH, managing director (MD) and chief executive officer (CEO) at Asia Index, in an interview with Samie Modak in Mumbai, talks about the various industry trends and measures taken to arrest the market-share decline. Edited excerpts:
Exploring opportunities in branded residences: ITC Hotels
Shares of the firm to be listed on bourses today
RBI Must Come Out With Road Map for NBFCs to Become Banks
Shriram Finance, one of the largest retail non-banking financial companies in the country, has seen its net profit go up by 73 per cent in the October-December quarter, owing to a one-time gain from the sale of Shriram Housing Finance. The company's Executive Vice-Chairman, UMESH REVANKAR, talks to Shine Jacob about the road map after the deal, growth in the financial year 2025-2026 (FY26), and the third-quarter results in a telephonic interview. Edited excerpts:
DeepSeek most installed app on Apple iOS in India
It's a giant leap for the Chinese startup, which ranked 102 as of January 25
Mkts rebound on RBI liquidity steps
Benchmarks break two-day losing streak
Bagasse-generated power from UP sugar mills dropped to six-year low in FY24
Once billed as a big source of alternative revenue for the sugar sector, the share of bagasse-generated electricity slumped to 41 per cent of the total power generated from renewable energy (RE) sources in Uttar Pradesh (UP) in FY24, the lowest in six years.
STREET OVERWEIGHT ON CONSUMPTION, LARGECAPS
The FY26 Union Budget marked a shift in the government stance towards consumption from its earlier focus on capital expenditure.
FM: Made sure we're ready for 'Make in India, for the world'
Union Finance Minister Sitharaman on Nirmala Sunday said the FY26 Budget had reinforced the foundations that would guide the country's progress towards a Viksit Bharat, having outlined clear destinations in certain parameters.
BOOST FOR DOMESTIC MANUFACTURING
The Budget assists the government's commitment to reduce tax burden and move towards a framework based on trust.
