PhonePe turns profitable, reports ₹197 cr PAT
The New Indian Express|August 27, 2024
FINTECH major PhonePe on Monday reported a 74% jump in its revenue at 5,064 crore for the financial year 2023-24 (FY24) compared to ₹2,914 crore in the previous fiscal.
PhonePe turns profitable, reports ₹197 cr PAT

The Walmart-backed firm has achieved profitability (excluding ESOP costs), as it reported an adjusted profit after tax (PAT) of 197 crore for FY24 compared to 738 crore loss in FY23.

Its standalone Payments business recorded adjusted PAT of 710 crore for FY24 compared to 194 crore loss for FY23.

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MÁS HISTORIAS DE THE NEW INDIAN EXPRESSVer todo
Cyber Criminals Siphoned Off ₹10k Cr From India In One Year
The New Indian Express

Cyber Criminals Siphoned Off ₹10k Cr From India In One Year

Many youth taken on tourist visas to South East Asian countries, detained and forced to commit cyber frauds; cops planning awareness campaigns among unemployed people

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1 min  |
September 13, 2024
APPLE'S NEW AI TO ENHANCE WRITING, EMAIL, AND MORE
The New Indian Express

APPLE'S NEW AI TO ENHANCE WRITING, EMAIL, AND MORE

With the launch of the iPhone 16 series, Apple also introduced Apple Intelligence.

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2 minutos  |
September 13, 2024
Huawei unveils world's first tri-fold smartphone Mate XT Ultimate Edition
The New Indian Express

Huawei unveils world's first tri-fold smartphone Mate XT Ultimate Edition

HOURS after Apple launched the iPhone 16 series on Thursday, Chinese tech giant Huawei introduced the world's first tri-fold smartphone, the Mate XT Ultimate Edition.

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1 min  |
September 13, 2024
South Asian Jr Athletics C'ship: Gold harvest for Indian team
The New Indian Express

South Asian Jr Athletics C'ship: Gold harvest for Indian team

THE Indian contingent exceeded all expectations and were in brilliant form on Thursday as they reaped a harvest of as many as 19 medals, nine of them being gold on the second day of the fourth edition of South Asian Junior Athletics Championship held at Jawaharlal Nehru Stadium, Chennai.

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2 minutos  |
September 13, 2024
IPL PLAYERS HIGHLY UNDERPAID
The New Indian Express

IPL PLAYERS HIGHLY UNDERPAID

The league’s media rights may have skyrocketed since its inception but salary cap hasn’t grown proportionately. Swaroop Swaminathan captures the story through numbers

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3 minutos  |
September 13, 2024
Pvt sector must step up infra investment: DFS secy
The New Indian Express

Pvt sector must step up infra investment: DFS secy

India needs to spend 8-10% of gross domestic product on infrastructure for sustaining high single-digit growth rate over next couple of decades, said a senior finance ministry official.

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1 min  |
September 13, 2024
PM e-drive: Electric 2W buyers can get subsidy of ₹10K in 1st yr, ₹5K in 2nd yr
The New Indian Express

PM e-drive: Electric 2W buyers can get subsidy of ₹10K in 1st yr, ₹5K in 2nd yr

UNDER the ‘PM Electric Drive Revolution in innovative Vehicle Enhancement (PM e-drive) scheme, which will be rolled out soon, electric two-wheeler buyers can avail a maximum subsidy of up to ₹10,000 in the first year and ₹5,000 in the second year.

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1 min  |
September 13, 2024
Fuel prices may fall if crude remains low: Official
The New Indian Express

Fuel prices may fall if crude remains low: Official

Oil marketing companies (oMCs) may consider reducing petrol and diesel prices domestically if international crude prices remain low for an extended period, according to a senior official from the Petroleum Ministry.

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1 min  |
September 13, 2024
Mkt rally makes investors richer by ₹6.5L cr
The New Indian Express

Mkt rally makes investors richer by ₹6.5L cr

Optimism is fuelled by US inflation in August falling to three-year low of 2.5%, which sparked rate cut hopes

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2 minutos  |
September 13, 2024
Myanmar residents flee deadly floods on makeshift rafts, boats
The New Indian Express

Myanmar residents flee deadly floods on makeshift rafts, boats

CARRYING children on their backs or rowing the elderly on makeshift rafts through rising waters on Thursday, thousands of Myanmar residents fled severe flooding triggered by the deadly Typhoon Yagi.

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1 min  |
September 13, 2024