Paytm FY22 results: Revenue jumps 77% to Rs 4,974 cr, losses reduce 8% to Rs 1,518 cr

21 May, 2022

New Delhi, May 21 (IANS) One97 Communications Limited (OCL) that owns the brand Paytm, Indias leading mobile payments and financial services company, announced its quarter-ending March 2022 and full financial year FY22 results. The company saw its revenue jump by 77 per cent in FY22 to Rs 4,974 crore from Rs 2,802 crore the previous year.

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Sterlite Copper launches coffee table book highlighting role of copper in the modern world (21 May, 2022)

New Delhi, May 21 (IANS) Highlighting the importance of copper and its contribution to the modern world, Sterlite Copper launched a coffee table book, showcasing its origin and its definitive role in shaping the modern world, at the SICCI CXO Conclave, held in Chennai.

'Atlas of Affluence': India's first yearly white paper on luxury launched (20 May, 2022)

Mumbai, May 20 (IANS) Amidst leading luminaries of industries spanning across the business of luxury, the Atlas of Affluence (AOA) 2022, created by The Voice of Fashion (TVOF, the daily digital magazine that tracks and leads conversations on Indian fashion, design, crafts and retail and a division of Reliance Brands, was launched here on Friday.

Indian regulator sends notices to Ola, Uber for unfair trade practices (20 May, 2022)

New Delhi, May 20 (IANS) The Central Consumer Protection Authority (CCPA) on Friday issued notices to Ola and Uber for unfair trade practices and violation of consumer rights, slamming the ride-hailing platforms over lack of proper consumer grievance redressal mechanism, deficiency in service, unreasonable levy of cancellation charges and fairness of algorithm used to charge fares.

Vintage Mercedes sells for nearly Rs 1,100 cr, becomes world's most expensive car (20 May, 2022)

Toronto, May 20 (IANS) A vintage 1955 Mercedes-Benz has been sold for $143 million (about Rs 1,100 crore), making it the most expensive car ever sold at an auction.

Empowering farmers with easy to consume tech need of the hour: Khetibuddy CEO (20 May, 2022)

New Delhi, May 20 (IANS) Fuelled by new-age technologies like drone surveillance, remote sensing and artificial intelligence (AI)-driven solutions, India's agritech market has the potential to reach $30-$35 billion by 2025.

Transparency turning into premium item in Indian insurance sector? (19 May, 2022)

Chennai, May 19 (IANS) Mixed views were expressed by insurance industry experts on the sectoral regulators recent decisions of permitting non-life insurers, foreign reinsurer branches (FRB) and Lloyd's India not to disclose their underwriting performance or NL 40 statement to the public.

Walmart to Target to FAANGM to crypto - the bears rule for now (19 May, 2022)

New York, May 19 (IANS) The NASDAQ composite index was at 13,619 on April 19. On Wednesday, just a month later, this cheerleader of technology stood mauled -- nearly 2,200 points down at 11,418. Over 16 per cent of investor wealth had vanished in a terrible April that seems to spill over.

India retains top spot as fastest-growing major economy: UN report (19 May, 2022)

United Nations, May 19 (IANS) With economic growth forecast at 6.4 per cent for this fiscal year, India will be the fastest-growing major economy, according to the UN.

'Hit dead end on foreign assets': ED to SC on Preeti Chandra's non-cooperation (18 May, 2022)

New Delhi, May 18 (IANS) The Enforcement Directorate (ED) on Wednesday told the Supreme Court that investigations in connection with foreign assets of jailed ex- Unitech promoter Sanjay Chandra in the British Virgin Island, Singapore, Mauritius, and the UAE, have "come to a dead end", as his wife - who was actively involved in huge money-laundering operations - has refused to cooperate.

TN industries hit by scarcity of sulphuric acid (18 May, 2022)

Chennai, May 18 (IANS) Sulphuric acid, one of the main materials used across key industries in Tamil Nadu has gradually seen a major dip in its supply in the State over the past few years, causing an adverse impact across downstream industries such as fertilizers, chemical, pharmaceutical, detergent, paper and pulp manufacturers.