Sequentially, the loss doubled from Rs 219.8 crore in Q3 FY24. For FY24, Paytm recorded a loss of Rs 1,417 crore, down from Rs 1,776.5 crore in FY23. Net income for Q4 FY24 decreased by 2.6% year-on-year to Rs 2,398.8 crore compared to Rs 2,464.6 crore in Q4 FY23.
One97 Communications, the parent company, attributed the income decline in Q4 FY24 to "temporary disruptions in business operations" following RBI restrictions on its affiliate, Paytm Payments Bank Ltd (PPBL), in January.
Denne historien er fra May 23, 2024-utgaven av The Business Guardian.
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Denne historien er fra May 23, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Adani Group to invest in US energy and infrastructure projects
\"As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest USD 10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs,\" Adani Group Chairman, Gautam Adani's X post read.
Reliance, Disney, Viacom18 complete Rs 70,352 cr merger
Reliance Industries, Viacom18 Media (Viacom18) and The Walt Disney Company (Disney) on Thursday announced that following the approval by the NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star India (SIPL) has become effective, as per a joint statement put out on Thursday.
Excellence in AI will amplify human capabilities: CEO of GlobalGyan Leadership Academy
GlobalGyan Leadership Academy is an institution funded by Ratan Tata that specializes in cultivating future leaders for India's leading MNCs and Fortune 500 companies.
TIRA UNVEILS ITS FLAGSHIP LUXURY BEAUTY STORE AT JIO WORLD PLAZA
Reliance Retail's beauty brand, Tira, launched its luxury flagship store at Jio World Plaza in Mumbai on Wednesday, to redefine beauty shopping in India.
AIR INDIA-VISTARA MERGER IMPORTANT MILESTONE: TATA
Tata Sons chairman N Chandrasekaran on Thursday said the Air India-Vistara merger is an important milestone in the transformation of Air India into a world-class global airline, fulfilling the \"sky-high expectations\".
Delhi Court allows ED more time to verify AAP MLA Khan's FDR
Delhi's Rouse Avenue Court on Saturday has granted time to the investigating officer of the ED to verify the Fixed Deposit Receipt furnished for the court for the release of AAP MLA Amanatullah Khan.
Meena's lawyer criticises police for not presenting him in court
An independent candidate from Rajasthan's Deoli-Uniara constituency, Naresh Meena, has been placed in 14-day judicial custody for allegedly slapping Sub-Divisional Magistrate Amit Chaudhary.
Delhi Court seeks police response on Bibhav Kumar's petition
Delhi's Tis Hazari Court has issued a notice to the Delhi Police on a revision petition filed by Bibhav Kumar, challenging the cognizance of the charge sheet against him.
RAJESH KATYAL GRANTED BAIL IN RS 200 CR MONEY LAUNDERING CASE
Businessman Rajesh Katyal, who was arrested by the Enforcement Directorate for allegedly laundering over Rs.200 crore in proceeds of crime, on Saturday has been granted regular bail by a Delhi court.
Child protection: The Just Right for Children Alliance case
The Supreme Court of India's recent ruling in Just Right for Children Alliance v. S. Harish marks a significant milestone in the country's efforts to protect children from sexual exploitation.
