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Chinese electric-car maker XPeng seems to making progress in its bid to turn profitable this year, guiding for more sales growth after posting a sharply narrowed net loss and record-high revenue. Chinese electric-car maker XPeng seems to making progress in its bid to turn profitable this year, guiding for more sales growth after posting a sharply narrowed net loss and record-high revenue. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of…

UCLA has cast a wide net in its hopes of reeling in the big one for its next football coach.Athletics officials have corresponded with more than a dozen potential candidates for the vacancy created by the departure of Chip Kelly to become Ohio State’s offensive coordinator, according to one person familiar with the search process who was not authorized to discuss the details publicly.Among those UCLA is believed to have had contact with who remain possible candidates are Nebraska defensive coordinator Tony White, Las…

The audio streamer attracted strong subscriber growth despite a price increase. The audio streamer attracted strong subscriber growth despite a price increase. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

Digital payments major Paytm on Friday reported that it has narrowed its losses to Rs 220 crore for the quarter ended December 2023, compared with Rs 290 crore in the preceding September quarter and Rs 392 crore in the year-ago quarter.Revenue from operations in the third quarter jumped 38% to Rs 2,850 crore as against Rs 2,062 crore in the corresponding quarter of the previous year.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitMITMIT…

One 97 Communications, the company that operates digital payments firm Paytm, on Friday said its fiscal third-quarter net loss shrank 43% from a year earlier to Rs 221.7 crore.Revenue from operations for the December quarter increased 38% to Rs 2,850.5 crore, which the Noida-based financial services company attributed to accelerated growth in gross merchandise value, payments device additions and an expansion in the financial services business.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Samsung said on Tuesday in its preliminary earnings guidance for the fourth quarter of 2023 that it expects operating profit of 2.8 trillion won and sales of 67 trillion won for the quarter. Operating profit dropped 35% from a year ago and revenue by approximately 5% over the same period.Despite the poor performance, it is Samsung's best quarterly profit of a harsh year that was marred by the downturn in the chip market and sluggish demand for consumer electronics.Taking the fourth quarter earnings into account, the…

Ecommerce firm Snapdeal has seen its consolidated loss after tax narrow to Rs 282.2 crore for FY23, down from Rs 510 crore in FY22, according to the company's RoC filing. The company's total income fell to Rs 388.1 crore in FY23, from Rs 563.5 crore in FY22. "The focus on profitability and long-term sustainability of the business yielded results with adjusted Ebitda loss reducing to Rs 144 crore in FY23, from Rs 419 crore in FY22," the filing said. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Ecommerce platform Meesho on Friday said its loss for the year ended March 31, 2023, narrowed by 48% to Rs 1,675 crore, while operating revenue grew 77% to Rs 5,735 crore.The Bengaluru-based online marketplace, which drives a majority of its sales from non-metro markets, had reported operating revenue of Rs 3,232 crore in FY22, while incurring a loss of Rs 3,247 crore. The FY23 financials pertain to Meesho's Indian entity called Fashnear Technologies. Its parent firm, Meesho Inc, is domiciled in the US.Elevate Your Tech…

Flipkart Internet, the marketplace arm of ecommerce major Flipkart, reported a 42% growth in operating revenue for financial year 2023 to Rs 14,845 crore while its total loss narrowed by 9% to Rs 4,026 crore, according to regulatory filings.The firm had made Rs 10,477 crore in operating revenue in FY22 while incurring a total loss of Rs 4,419 crore.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Product…

Omnichannel nutrition products retailer HealthKart reported a 69.5% year-on-year rise in operating revenue to Rs 832.48 crore during the fiscal year ended March 31, while its net loss nearly halved to Rs 164.71 crore.However, the Gurugram-based company’s total expenses grew only 21.5% during the year to Rs 1,016.5 crore – pointing to an improvement in its unit economics.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School…