Finance

Financial Rollercoaster of India’s Tech Startups FY23: Top Gainers and Losers!

India is witnessing a steady rise in new startups each year, positioning the country as the fastest-growing hub for various sectors, including technology, e-commerce, retail, fintech, and quick grocery delivery. Although a significant number of Indian startups is yet...

Zomato FY Q2 2024: Second Straight Profitable Quarter with 72% YoY Revenue Surge

Zomato Ltd. (NSE: ZOMATO), India's online food delivery major, unveiled its financial results for the second quarter of fiscal 2024 ending September 30, 2023. Interestingly, the company witnessed substantial growth in both revenue and net profit during this period....

Jio Financial Services Shatters Records with 101% QoQ Surge in Net Profit in Q2 FY24, Unveils Grand Vision

Mukesh Ambani's recently established non-banking financial company (NBFC), Jio Financial Services (JFSL), released its Q2 FY24 financial results for the period ending on September 30, 2023. Just a few months after its demerger from its parent company, Reliance Industries,...

Paytm’s Hefty ₹5.39 Crore Penalty: RBI’s Pursuit of Banking Excellence and Cyber Vigilance

The Reserve Bank of India (RBI) has wielded its regulatory authority, imposing a hefty fine of ₹5.39 crore on Paytm Payments Bank Limited, a subsidiary of Paytm. This eye-catching penalty is a result of the bank's non-compliance with RBI's...

Cred’s Cost Efficiency: Revenue Jumps Up 255% But Losses Increase Just 5.3% in FY23

The fintech unicorn Cred has unveiled its financial results for fiscal 2023, concluding on March 31, 2023. In a remarkable display of growth, Cred revenue from operations reached an all-time high of Rs 1,400.6 crore in FY23, with an...

Smartphones Shape India’s Financial Landscape: Indian Consumers Attain 6X Returns from their Investment in Smartphones

In the ever-evolving world of technology, smartphones have emerged as game-changers, revolutionizing our lives in ways we couldn't have fathomed just a decade ago. From controlling smart homes to handling financial matters, these pocket-sized devices have become the go-to...

Unlocking the Enigma: Byju’s Valuation Slump and Investor Anxiety Unveiled

Byju's once again finds itself in hot waters. The latest blow comes from none other than Blackrock, the world's largest asset manager, who has dramatically reduced Byju's valuation for the second time in just three months this year. India's...

LIC valuation plummets ₹2 trillion within a year of IPO: Analysts still bullish on buying

LIC (NSE: LICI), India's esteemed Life Insurance Corporation, has always been a titan in the country's financial landscape. However, in recent months, it has found itself in the spotlight for all the wrong reasons. In a surprising twist, LIC...

Nykaa’s revenue in FY23 reached a new high of Rs 51.44 billion, profit declined 49% YoY

Nykaa'a parent FSN E-Commerce Ventures Limited has announced its financial results for the fiscal year ending March 31, 2023. Interestingly, the online fashion and beauty e-commerce company successfully attained its objective of surpassing a 30% increase in revenue for...

How DeFi Protocols are Revolutionizing Traditional Finance

The world of finance is rapidly evolving, and decentralized finance (DeFi) protocols are at the forefront of this transformation. From centralized banking systems to decentralized blockchain networks, DeFi is changing the way we think about and interact with money....
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Paytm App Downloads and User Engagement Take a Nosedive Post RBI Measures

The regulatory measures imposed on Paytm Payments Bank by the Reserve Bank of India (RBI) have had a direct...
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