Corporate News
Milestone Achievement: Patanjali Foods Reaches New 52-Week High
Over the past year, Patanjali Foods has delivered a robust 43% return, with a 5.3% rise in the last month and a notable 34% increase in the last quarter.
OPPO India's CMO, Damyant Singh Khanoria, Steps Down
During his time at OPPO, Khanoria played a pivotal role in steering the brand's marketing strategies and contributed significantly to the brand's growth trajectory in India.
Fintech Giant MobiKwik Reapplies for IPO, Aiming to Raise Rs 700 Crore
This DRHP notably excludes any offer-for-sale (OFS) component, instead targeting a pre-IPO round to secure Rs 140 crore.
PhonePe Names Ritesh Pai as CEO of its Global Payments Business
Sameer Nigam, CEO and Founder of PhonePe, expressed delight at Ritesh's appointment, highlighting his early support and significant contribution to PhonePe's initial success with UPI.
Cashfree Records Rs 133 Crore Loss in FY23, Achieves Impressive Revenue of Rs 614 Crore
The surge in losses is attributed to a substantial rise in employee benefits and payment processing costs, according to the company's financial statements filed with the Registrar of Companies (RoC).
Ola Electric Sets New Record with Highest Monthly Registrations in December 2023, Exceeds 30K Milestone
The company demonstrated robust year-on-year growth, posting a remarkable 74% increase compared to December 2022. Additionally, Ola Electric exhibited a quarter-on-quarter growth of 48%,
Pristyn Care Records Impressive 45% Revenue Growth in FY23, Reports Losses at Rs 383 Crore
Backed by Tiger Global, the firm witnessed a surge in operating income, climbing from Rs 313 crore in FY22 to Rs 453 crore in FY23, as disclosed in its financial statements from the Registrar of Companies (RoC).
Snapdeal Records Rs 388 Crore Revenue in FY23, Slashes Losses by 45%
A significant milestone was achieved by the company as it claimed profitability in the third quarter of the ongoing fiscal year, FY24.
Pine Labs Records Rs 1,588 Crore Revenue in FY23, Reduces Losses by 12.3%
According to Entrackr, citing Pine Labs' consolidated financial filings in Singapore, the company witnessed a notable reduction in losses, decreasing by 12.3% to Rs 227 crore in FY23 compared to Rs 259 crore in FY22.
IPO-Bound FirstCry Reports Surge in Losses to Rs 486 Crore in FY23, Revenue Hits Rs 5,632 Crore
However, amidst this impressive revenue surge, FirstCry faced mounting losses, which skyrocketed over sixfold from Rs 79 crore in FY22 to Rs 486 crore in FY23.
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