Ola Electric, headed by Bhavish Aggarwal, has experienced a substantial surge in its consolidated revenue from operations during the fiscal year 2021-22. The company’s annual revenue witnessed an exponential growth of nearly 400 times, reaching ₹373 crore for the fiscal period, compared to the previous year’s ₹0.86 crore as per its annual financial statements. This … [Read more…]
For the third consecutive quarter, streaming service Disney+ Hotstar lost subscribers. For the quarter ending June 2023, the video streaming service clocked a drop of 12.5 million subscribers, which makes up nearly one-fourth of its overall customer base. This marks the biggest loss in terms of subscribers suffered ever since Disney started to come clear … [Read more…]
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), recorded a comprehensive loss of $15.6 billion in 2022. According to media reports, this massive loss was primarily driven by the downturn in the market, as well as the plummeting value of its investments in Japan’s SoftBank Vision Fund. The PIF, chaired by Crown Prince … [Read more…]
Paytm parent One97 has reported yet another decent financial quarter. The fintech giant, for the quarter ended September 2023, narrowed its quarterly losses, even as it witnessed a significant growth in its revenue. Paytm recorded a consolidated revenue of ₹2,519 crore in Q2, marking a remarkable 32% increase compared to the revenue of ₹1,914 crore … [Read more…]