Corporate News
BlackBerry Names New CEO, Announces Division of IoT and Cybersecurity Business
Mike Daniels, Chair of the Compensation, Nomination, and Governance Committee, highlighted Giamatteo's extensive industry experience and track record, positioning him to steer BlackBerry's transformation.
Zerodha Founders Kamath Brothers' Compensation Hits Rs 200 Crore in FY23
Zerodha witnessed a 35.7% surge in employee benefits, reaching Rs 623 crore in FY23 from Rs 459 crore in FY22.
Ola Electric Records Surge in Net Loss to Rs 1,472 Crore in FY23 Amid Expanding Expenses
The electric vehicle company, on the cusp of its IPO launch, reported an EBITDA loss of Rs 1,318 crore, with total expenses soaring to Rs 3,383 crore, a stark contrast to the Rs 1,240 crore recorded in FY22.
Bumper Profits for BookMyShow: Records Rs 85 Crore Profit in FY23
On a unit level, the company spent Rs 0.96 to earn a rupee in FY23, according to reports from Entrackr. Income from ticket booking accounted for 66% of the total operating revenue, reaching Rs 648 crore in FY23, a significant increase from Rs 227 crore in FY22.
Mamaearth's Q2 FY24: Profit After Tax Doubles to Rs 30 Crore, Revenue Up by 21%
During the same period, Mamaearth's operating revenue climbed by 21% year-on-year, reaching Rs 496.1 crore compared to Rs 410.5 crore in Q2 FY23.
CEO of Binance Pleads Guilty, Resigns, and Agrees to $4.3 Billion in Fines
In his post on X, Zhao mentioned that Binance is no longer in its infancy, and it is time for him to step aside. Richard Teng, Binance's former global head of regional markets, will take over as the new CEO.
TCS Faces $125 Million Impact on Q3 Earnings Following US Court's Damages Award in Lawsuit
TCS disclosed its intention to reflect the remaining provision of around $125 million in its financial statements as an exceptional item for the third quarter and the nine months ending on December 31, 2023.
Microsoft Names Aparna Gupta as Global Delivery Centre Leader
Gupta’s role as GDC leader will involve spearheading customer innovation, ensuring delivery excellence, driving cloud growth through top-tier talent acquisition, nurturing industry depth, and fostering a robust partner ecosystem.
United India Insurance Records Profit of Rs 204.30 Crore in Q2
United India witnessed a rise in net claims paid, reaching Rs 3,845.95 crore, reflecting an active response to obligations.
Only Seven Women-Led Startups in India Secured Funding This Year
This year, the funding scenario for women-led startups has seen a dramatic decrease, from 183 startups funded in 2014 to only 7 up to the present.
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