On Tuesday, 15 February 2022, SpiceJet Ltd. reported a net profit of Rs. 23.28 crores in Q3 FY 22 ended on 31 December 2021 ─ marking a stellar improvement from a loss of Rs. 56.96 crores in Q3 FY 21. Keep scrolling to get the details! Know About SpiceJet’s Revenue! With the addition of newer …
According to reports, private equity investments reached a record high of USD 40.1 billion in 2021, up over 15% from the previous year, fueled by a USD 3.6 billion infusion into Flipkart and USD 1.93 billion into Bundl Technologies. While the amount of inflows increased 15.2 percent from USD 34.8 billion in 2020 to USD …
The Indian rupee has seen ups and downs over the recent few days. The currency gained 11 paise to touch 74.31 against the US dollar in the early hours of trade on Friday. The rupee had opened at 74. 41 on Friday morning, while in the previous session of trade, it had settled at 74.42 …
On Monday, i.e., 31 January 2022, Auto player Tata Motors posted a consolidated net loss amounting to Rs. 1,516 crores for the third quarter of FY 2022. During the same quarter previous year, the company had reported a net profit worth Rs. 2,906.5 crores. Resultantly, Tata Motors share price fell over 3% during the early …
The Honorable Finance Minister Nirmala Sithraman presented the budget today, February 1, 2022. Along with many other announcements, the FM talked about Emergency Credit Line Guarantee Scheme (ECLGS). The government’s emergency credit scheme, which was launched to support the credit needs of sectors hit by the pandemic, will be extended for another year up to …
Leading FMCG brand Dabur India has accomplished a net profit of Rs. 504.35 crores during quarter 3, ended in December 2021 ─ a 2.19% rise from the preceding year. During the October-December quarter of 2020, this company’s net profit amounted to Rs. 493.50 crores. Read through to get a comprehensive overview of Dabur! What About …
HDFC’s Q3 results are out, and it looks like the company has beaten market estimates for its net profit. Net profit increased by around 11% year-on-year, standing at Rs. 3,261 crores. Moreover, reduced tax expenses helped this company’s bottom line. The tax expenses came at Rs. 787.5 crores for the December quarter as compared with …
India drastically slashed its asset sale target, which raised several questions regarding how much it is planning to generate from the IPO of LIC. This announcement was recently made during the budget session of 2022. Are you interested in knowing more about this topic? Read on. Lowered Divestment Estimates On Tuesday, i.e., 1 February 2022, …
Recently, Amazon came out with quarterly results and the promising number pushed its shares price higher by a whopping 17%. This soared the founder Jeff Bezos’ wealth. If the stock price rises by the same percentage again, it would be its biggest percentage gain since 2009 and give Jeff Bezos’ wealth a boost of $20 …
Meta, as it has been called, is spending substantially on its future “metaverse” project, although advertising revenue accounts for virtually all of its revenue for the time being. So when it reported dramatically increased expenses but a lackluster sales projection late Wednesday, investors were alarmed — and the business once known as Facebook’s value was …
