revenue

Ecommerce-focussed logistics company Delhivery said March-quarter revenue fell 10% to Rs 1,859 crore from the year earlier and its net loss widened to Rs 158 crore from Rs 119 crore. Expenses fell 6% to Rs 2,107 crore from Rs 2,254 crore,…

Gurgaon-based food and grocery delivery platform Zomato said its fourth-quarter net loss narrowed to Rs 187.6 crore from Rs 359.7 crore a year ago. Revenue from operations jumped 70% to Rs 2,056 crore.Earnings before interest, taxes,…

Logistics firm Delhivery on Friday reported that its consolidated net loss widened to Rs 159 crore during the March quarter. The company had reported a loss of Rs 120 crore in the March quarter of last year.Revenue from operations fell 10%…

Two important financial results were released today in the listed technology world. Zomato’s revenue rose 70% as it cut losses during the fourth quarter of FY23 while logistics and supply-chain firm Delhivery’s losses rose during the…

Food and grocery delivery platform Zomato’s chief financial officer Akshant Goyal said it continues to watch the progress on the Open Network for Digital Commerce (ONDC) front closely and “learn from it”. The commentary comes on the back of…

Zomato’s quick commerce business Blinkit saw its revenue jump 20% quarter-on-quarter to Rs 363 crore in the period ending March 31, 2023 even as its gross merchandise value increased 17% to Rs 2,040 crore.While Blinkit’s total number of…

IT services major Wipro has rolled out 80.25% variable pay for its employees for the fourth quarter ended March while Infosys has decided to give out 60% variable pay, according to internal communications seen by ET.India’s second-largest…

Gaming and esports content platform Rooter has raised $16 million in a growth round of funding led by existing investor Lightbox. The fundraise was 80% equity-based and 20% debt-based, founder and CEO Piyush Kumar told ETtech.New investors…

Wix.com, which helps small businesses build and operate websites, on Wednesday said it swung to a net profit in the first quarter and raised its full year outlook despite an uncertain economy.Helped by cost cuts including an 18% decline in…

As the Pac-12’s existential crisis plays out in public, a threat to its economic model is quietly churning through the California state legislature. Assembly Bill 252, also known as the College Athlete Protection Act, aims to create a…