Nifty’s rise back to 11,000? Not very soon, says ICICI Pru’s Yogesh Bhatt
Another high profile exit from IndiGo! CCO Sanjay Kumar quits
Jaitley says Hitler's economic programme similar to that of Indira's
Who is R Praggnanandhaa? 12-year-old chess prodigy, now India's youngest GM
Tejashwi Yadav CM face even if Nitish Kumar joins our camp: Manjhi
- More woes for rupee! Barclays says Indian currency will suffer even worse rout than 2013 taper tantrum
- This Google app can seriously make Facebook, WhatsApp irrelevant in India! Know how it works
- Modi vs Vajpayee: Will NDA-II come close to NDA-I's highest RBI repo rate cut since 1991?
- Pakistani Bullet bike for just Rs 24,000! This motorcycle will give you the biggest laugh of the day
- Monsoon update: June rainfall 11 percent below normal so far, but a likely relief ahead for Delhi
Anushree Bhattacharyya
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Hotstar did it with IPL, OTT is closing in on regular TV!
With over 200 mn watching IPL on Hotstar, OTT apps tasted their first big success.
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Uber India Systems reports Rs 19-crore net profit in FY17
Uber India Systems has reported an incremental rise in its net profit at Rs 19 crore for the year ended March 2017, according to filings with Registrar of Companies (RoC) and data platform Tofler.
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FIFA World Cup 2018: Sony to ‘Liv’ it up – 10 sec spots going at Rs 3.5-4 lakhs; Rs 200 cr revenue aimed
As advertisers jostle for space between football matches, Sony Pictures Network and its video over-the-top (OTT) platform Sony Liv are making the most of the FIFA World Cup.
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HT Media seals £24-million ad-for-equity deal with Koovs
HT Media, the publisher of English dailies Hindustan Times and Mint, has inked an ad-for-equity deal valued at £24 million for a period of two years with UK-based online fashion retailer Koovs.
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FM radio: Chanels air fewer ads to keep listeners tuned in
Given how music streaming apps are now easy to access with the sharp fall in data bandwidth charges, radio stations may not have an option but to keep ads to the minimum.
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Amazon Seller Services FY17 net loss widens to Rs 4,830.6 crore
Amazon Seller Services, the online marketplace arm of Amazon India, saw its net loss widening to Rs 4,830.6 crore in FY17 against Rs 3,679.9 crore in the preceding year, according to filings with the Registrar of Companies (RoC) and data platform Tofler.
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Cloudtail India posts FY17 net profit of Rs 1.59 crore
Cloudtail India, a joint venture between Amazon.com and NR Narayana Murthy’s Catamaran Venture, posted a net profit of Rs 1.59 crore for the year ended March 2017, according to filings with the Registrar of Companies (RoC) and documents sourced by business research platform Paper.VC.
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Flipkart Internet narrows FY17 net loss to Rs 1,639.3 crore
Flipkart Internet, the online marketplace arm of the e-commerce firm, narrowed its net loss to Rs 1,639.3 crore for the year ended March 2017, against Rs 2,305.7 crore a year back, filings with the Registrar of Companies (RoC) and data platform Tofler showed.
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Amazon Pay’s FY17 net loss widens to Rs 177.8 cr
Salaries and wages paid by the company rose eightfold to Rs 44.65 crore during the year from Rs 4.7 crore in FY16. Total expenses also increased to Rs 185 crore from Rs 8.2 crore in FY16.
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Paytm parent company narrows losses to Rs 899.64 crore in FY17
One97 Communications, the parent company of fintech firm Paytm, has narrowed its losses to Rs 899.64 crore in FY17 against Rs 1,96.79 crore in FY16, as per filings with Registrar of Companies (RoC) and data platform Tofler.
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BigBasket’s net loss increases sixfold in FY17 at Rs 659 crore
Supermarket Grocery Supplies, which operates an online grocery business under BigBasket, saw its net loss widening sixfold at Rs 659.1 crore for the year ended March 2017, according to filings with the Registrar of Companies (RoC) and data platform Tofler.
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Amazon Wholesale India posts Rs 2.8-crore net profit in FY17
Amazon Wholesale India — the business-to-business (B2B) division of e-commerce firm Amazon India — posted a net profit of Rs 2.8 crore for the year ended March 2017 against a net loss of Rs 23.2 crore in the preceding year.
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Focussing on building loyal customer base, says Kishore Biyani of Future Group
The idea is to add another 10 lakh members by the end of FY19 to take the total number of members to 17 lakh.
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Patanjali reports 53.7% jump in FY17 net
Revenue from operations increased 87.2% to Rs 9,122.2 crore in FY17.
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Hotstar likely to close IPL season with 60%-70% rise in ad revenue
Industry sources said that the ongoing IPL edition, which concludes on May 27, would have garnered Rs 350 crore–380 crore, against Rs 220 crore in the previous edition.
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Myntra cuts losses by 23% to Rs 628 crore in FY17
Flipkart-owned online fashion retailer Myntra narrowed its losses by 23% to Rs 627.7 crore for the year ended March 2017, according to filings with the Registrar of Companies (RoC) and data platform Tofler.
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IPL 2018: Final matches to be aired on four additional channels
The broadcaster which has initially set a target of Rs 1,500 crore of advertising revenue, is expected to close the tournament with an increase of about 33% to the target at Rs 2,000 crore.
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Quikr narrows FY17 loss to Rs 301 crore
The Tiger Global- and Swedish investor AB Kinnevik-backed online classifieds company Quikr narrowed its losses to Rs 301.2 crore in FY17 against Rs 554.1 crore in FY16, filings with registrar of companies and data platform Tofler showed.
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Nykaa hopes to turn profitable in 2018-19
Beauty retail company Nykaa that sells cosmetic products both online and offline expects to turn profitable in FY19, Falguni Nayar, founder and CEO, told FE.
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Consumer set to benefit from Walmart’s India shopping
With healthy competition and no fear of monopolies emerging, consumers’ only stand to gain. The three players would help in building a strong supply chain and logistics which would ensure quicker delivery mechanism.
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Fresh capital infusion: Amazon puts Rs 2,600 cr in Indian unit
US-based e-commerce giant Amazon Inc has infused a fresh capital of Rs 2,600 crore into its Indian unit, Amazon Seller Services, according to data sourced by business intelligence platform Paper.vc.
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Despite IPL season, no lull for Hindi entertainment channels
Audiences of daily soaps especially loyal; no dip in ratings
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Stake sale: Flipkart buys shares from minority shareholders
Ahead of selling a majority stake to a strategic investor, Flipkart has initiated the exercise to buy back shares from its minority shareholders by paying around $350 million to convert the company into a private limited one by reducing the number of shareholders, according to a document sourced from data intelligence platform Paper.VC.
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UrbanClap cuts loss to Rs 50 crore in FY18; revenue rises 4 times to Rs 45 crore
Ratan Tata and SAIF Partners-backed on-demad home services company UrbanClap has reduced its net loss to Rs 50 crore in FY18 compared to a loss of Rs 67 crore in FY17, Abhiraj Bahl, co-founder and CEO of the company, told FE.
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Hotstar posts near 20% increase in losses at Rs 489 crore in FY17
Star India-owned video-streaming platform Hotstar posted a near 20% increase in losses at Rs 489 crore for the year to March 2017, according to filings with the Registrar of Companies (RoC) and data platform Tofler.
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Amazon India launches 5 warehouses, increases storage capacity by 54%
E-commerce firm Amazon India has increased storage capacity by 54% to 20 million cubic feet by launching five new warehouses, also known as fulfilment centres, in various cities.
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Uber India Technology posts 52.3% rise in net profit for FY17
Uber India Technology, the Indian subsidiary of US-based online cab aggregator Uber, posted 52.3% increase in net profit to Rs 3.2 lakh for the year ended March 2017, according to filings with the Registrar of Companies (RoC) and data platform Tofler.
