MakeMyTrip Q4 Profit Declines 83% YoY To $29 Mn

India, May 14 -- Online travel aggregator (OTA) MakeMyTrip reported a net profit of $29.2 Mn in Q4 FY25, marking an 83% decline from $171.9 Mn in the year-ago quarter. It is important to note that th... Read More

MakeMyTrip Q4 Profit Falls 83% YoY To $29 Mn On Decline In Deferred Tax

India, May 14 -- Online travel aggregator (OTA) MakeMyTrip reported a net profit of $29.2 Mn in Q4 FY25, marking an 83% decline from $171.9 Mn in the year-ago quarter. It is important to note that th... Read More

Cabinet Approves HCL-Foxconn's INR 3,700 Semiconductor Plant In UP

India, May 14 -- The Union cabinet has given its approval to HCL and Foxconn joint venture (JV) to set up a semiconductor unit under the India Semiconductor Mission. The unit, which will see the two e... Read More

Zostel-OYO Failed Merger: Delhi HC Sets Aside Arbitration Tribunal's Ruling

India, May 14 -- The Delhi High Court has set aside an arbitration tribunal's ruling in an ongoing dispute over a failed merger between hospitality major OYO and rival Zostel Hospitality. In a statem... Read More

Amazon Prime Video To Include Ads On Shows, Movies

India, May 13 -- After an eight-month notice period, OTT platform Amazon Prime Video has said it will introduce "limited advertisements" on movies and TV shows starting June 17. In an email to its cu... Read More

Groww Settles SEBI Case By Paying INR 34 Lakh

India, May 13 -- IPO-bound invest tech startup Groww has settled a case pertaining to technical glitches with SEBI by paying INR 34.1 Lakh. The case originated from a technical glitch that Groww's br... Read More

ONDC COO Vibhor Jain Takes Charge As Acting Chief Executive

India, May 13 -- Amid rumblings in its top deck, state-backed network ONDC has announced that its current COO Vibhor Jain will be taking up the role of acting CEO with immediate effect. While the netw... Read More

Tariff Relief Or Ceasefire? New-Age Tech Stocks See $3 Bn M-Cap Surge

India, May 12 -- In line with the BSE Sensex, 31 of the 33 new-age tech stocks ended Monday's trading (May 12) in the green, gaining in a range of 0.67% to 10%. As a result, the total market capitali... Read More

Ather Q4: Loss Narrows 17% YoY To INR 234 Cr

India, May 12 -- Recently listed EV major Ather Energy narrowed its net loss by 17% to INR 234.4 Cr in the fourth quarter of FY25 from INR 283.3 Cr in the year-ago quarter. However, on a quarter-on-qu... Read More

Ather Q4 FY25: EV Major Trims Loss By 17% YoY To INR 234 Cr

India, May 12 -- Recently listed EV major Ather Energy registered a loss of INR 234.4 Cr in Q4 FY25, marking a 17% year on year (YoY) decline from the INR 283.3 Cr loss it incurred in the same quarter... Read More

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