News for 'revenue loss'

'Saiyaara Is Striking A Chord With Gen Z'

'Saiyaara Is Striking A Chord With Gen Z'

Rediff.com23 Jul 2025

'Ahaan Panday and Aneet Padda have captured the relevance to and imagination of Gen Z and millennial viewers.'

'If Virat Knew, He'd Have Walked Out'

'If Virat Knew, He'd Have Walked Out'

Rediff.com5 Jun 2025

'Virat and the players likely found out much later, by which point they had no say in what was happening.'

15 killed, 34 hurt in explosion at Telangana pharma plant

15 killed, 34 hurt in explosion at Telangana pharma plant

Rediff.com1 Jul 2025

At least 12 people died and 34 persons were injured in a pharma plant explosion in Sangareddy district of Telangana on Monday, State Minister Damodara Raja Narasimha said.

'The demand for health insurance is fine'

'The demand for health insurance is fine'

Rediff.com22 Jun 2025

'The retail industry is still growing in double digits.'

Chandra says Tata Steel's UK ops will turn Ebitda-positive this year

Chandra says Tata Steel's UK ops will turn Ebitda-positive this year

Rediff.com3 Jul 2025

Tata Steel's UK operations, which have largely been a struggle since the acquisition, are expected to turn earnings before interest, tax, depreciation, and amortisation (Ebitda)-positive this financial year (2025-26/FY26) and possibly profitable by the next. Responding to shareholder queries at Tata Steel's annual general meeting, Tata group chairman N Chandrasekaran said, "We expect the UK to perform much better this year compared to last year - it will definitely be Ebitda-positive."

US tariff jitters: Auto part exporters may take a Rs 4,500 crore hit

US tariff jitters: Auto part exporters may take a Rs 4,500 crore hit

Rediff.com29 Apr 2025

Indian auto component exporters may suffer a hit of 2,700 crore to 4,500 crore on their earnings after the imposition of steep US tariffs on key automotive parts, credit rating agency ICRA said in a note on Monday. The new 25 per cent tariff on engines, transmission, electrical components, and other auto parts may moderate the overall auto component industry's revenue growth to 6-8 per cent in 2025-26 (FY26), down from an earlier projection of 8-10 per cent.

IndiGo cleared for takeoff on strong demand winds

IndiGo cleared for takeoff on strong demand winds

Rediff.com4 Feb 2025

Propelled by strong demand and lower costs, the country's largest airline, InterGlobe Aviation (IndiGo), reported solid operational performance in the 2024-25 (FY25) October-December quarter (Q3). While demand was driven by the festival season, year-end increase, and higher consumer spending, lower fuel and rental costs helped deliver a beat at the operating profit level.

Weak guidance may hit Sun Pharma in FY26

Weak guidance may hit Sun Pharma in FY26

Rediff.com1 Jun 2025

Despite a healthy performance in the fourth quarter of 2024-25 (Q4FY25), the stock of India's largest listed pharma company, Sun Pharmaceutical Industries (Sun Pharma), was under pressure on Friday due to a muted guidance. The company has guided for a high single-digit revenue growth for FY26, which is below what the Street was working with.

Losses on fuel sales rise to Rs 42,540 cr: IOC

Losses on fuel sales rise to Rs 42,540 cr: IOC

Rediff.com15 Apr 2010

The state-owned Indian Oil Corporation may see revenue loss on fuel sales jump 63 per cent to over Rs 42,540 crore (Rs 425.40 billion) in the current fiscal.

'Ready To Launch 5 products In 18 Months'

'Ready To Launch 5 products In 18 Months'

Rediff.com5 Jun 2025

'We recently launched Yesintek in the immunology space.'

5.1 magnitude earthquake hits Bay of Bengal

5.1 magnitude earthquake hits Bay of Bengal

Rediff.com25 Feb 2025

There was no report of any loss of properties or casualty so far, a senior official of the Odisha revenue department said, adding that the impact of the earthquake was "negligible" as its centre was in the Bay of Bengal.

Swiggy's losses double, but revenue jumps 4-fold

Swiggy's losses double, but revenue jumps 4-fold

Rediff.com29 Oct 2018

Swiggy had in June entered the elite Unicorn club after raising $210 million from a group of investors

Cooking gas to be costlier by Rs 50 from Tuesday

Cooking gas to be costlier by Rs 50 from Tuesday

Rediff.com7 Apr 2025

Cooking gas or Liquified Petroleum Gas (LPG) price has been raised by Rs 50 per cylinder by distribution companies, Union Oil Minister Hardeep Singh Puri said on Monday.

Gold, silver import surges 210% from UAE in 2023-24

Gold, silver import surges 210% from UAE in 2023-24

Rediff.com17 Jun 2024

India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to $10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).

Not love for Marathi, but power play: BJP slams Uddhav-Raj rally

Not love for Marathi, but power play: BJP slams Uddhav-Raj rally

Rediff.com5 Jul 2025

BJP leaders in Maharashtra criticized Uddhav and Raj Thackeray's joint rally in Mumbai, calling it a desperate attempt to revive their political fortunes ahead of civic polls. They accused the Thackerays of using the Marathi language issue as a guise to regain power and criticized their past actions.

What India's Absence In WTC Final Cost Lord's

What India's Absence In WTC Final Cost Lord's

Rediff.com11 Mar 2025

Lord's suffers a loss of 4 million pounds in ticket sales due to India's absence in WTC final.

Northeast floods worsen; Assam, Arunachal among worst hit

Northeast floods worsen; Assam, Arunachal among worst hit

Rediff.com4 Jun 2025

Seven rivers, including the Brahmaputra, were flowing above the danger level, even as the Regional Meteorological Centre (RMC) in Guwahati predicted heavy to very heavy rainfall at isolated places in the state.

The side effects are real, but Sun Pharma stays on its feet

The side effects are real, but Sun Pharma stays on its feet

Rediff.com21 Apr 2025

After falling 17 per cent since the start of the year to its March lows, the stock of the country's largest pharmaceutical (pharma) company, Sun Pharmaceutical Industries, has clawed back nearly half of those losses. Recent acquisitions, a favourable court ruling in the case of the hair loss drug Leqselvi, an edge over peers owing to its specialty portfolio, and a diversified global presence have supported the recovery.

6 years of GST: Rs 1.5 trillion monthly tax revenues becomes 'new normal'

6 years of GST: Rs 1.5 trillion monthly tax revenues becomes 'new normal'

Rediff.com29 Jun 2023

Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. To apprehend black sheep, who operate as syndicates and create fake entities on the basis of forged documents to claim input tax credit (ITC), tax officers have started using data analytics, artifical intelligence and machine learning aiming to curb evasion, which was over Rs 3 lakh crore since inception of GST. It was over Rs 1 lakh crore in 2022-23. Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).

Why Polycab is likely to maintain growth trajectory

Why Polycab is likely to maintain growth trajectory

Rediff.com16 May 2025

India's largest cable and wire manufacturer Polycab India ended financial year 2024-25 (FY25) on a high, delivering another strong quarter of double-digit growth and market share gains. This coupled with margin expansion, operating breakeven for its fast-moving electrical goods (FMEG) business, and steady exports outlook for FY26 is expected to support the stock, which is up 18 per cent over the past month. The stock is currently trading at Rs 5,765 a share.

Cash market volumes, margin trading book shrink as traders turn cautious

Cash market volumes, margin trading book shrink as traders turn cautious

Rediff.com26 Mar 2025

Weak market sentiment has driven a steady decline in cash market volumes and margin trading books over the past nine months. Cash market volumes have plummeted by 45 per cent from their peak in June 2024, while the margin book - used by traders to leverage stock purchases - has shrunk by 16 per cent since its high in September 2024.

Strong near-term outlook to aid IndiGo's revenue growth

Strong near-term outlook to aid IndiGo's revenue growth

Rediff.com15 Nov 2023

InterGlobe Aviation, the operator of India's leading airline IndiGo, delivered a better than expected performance across most parameters in Q2FY24. The company posted its fourth consecutive quarter of net profit of Rs 188 crore. It had reported a loss of Rs 1,583 crore in the same quarter a year ago.

'Lost 5 Crores In First Start-Up. What To Do?'

'Lost 5 Crores In First Start-Up. What To Do?'

Rediff.com29 May 2025

rediffGURU Dr Ganesh Natarajan offers advice on how to build and scale your first start-up.

Losses on fuel sales dip by one-fourth

Losses on fuel sales dip by one-fourth

Rediff.com18 Aug 2008

Indian Oil Corp, Bharat Petroleum and Hindustan Petroleum have seen revenue losses on sale of petrol, diesel, LPG and kerosene coming down to Rs 450 crore (Rs 4.5 billion) per day from Rs 600 crore (Rs 6 billion) per day, industry sources said. The basket of crude that India buys has averaged $114.37 a barrel this month as against the July average of $132.47 per barrel.

'BJP policy could have fetched more revenue in coal blocks'

'BJP policy could have fetched more revenue in coal blocks'

Rediff.com12 Sep 2012

The ruling Bharatiya Janata Party in Madhya Pradesh on Wednesday claimed that had the Centre implemented the "transparent policy of the state government", it could have earned an additional revenue of Rs 13 lakh crore in coal allocation, where a loss of Rs 1.86 lakh crore was incurred.

Volume, margin gains likely to rev up M&M

Volume, margin gains likely to rev up M&M

Rediff.com15 May 2025

A robust show during the March quarter of 2024-25 (Q4FY25) and hopes of a strong demand momentum have led to an upward revision of Mahindra & Mahindra's (M&M's) earnings. With a slew of launches lined up amid a steady demand environment, brokerages see M&M outperforming peers in passenger vehicles (PVs), tractors and commercial vehicles (CVs).

Adani Enterprises Q4 net falls 37% bogged down by airport dues and mining losses

Adani Enterprises Q4 net falls 37% bogged down by airport dues and mining losses

Rediff.com2 May 2024

Adani Enterprises Ltd, the flagship incubator of billionaire Gautam Adani's conglomerate, on Thursday reported a 37 per cent drop in March quarter net profit, bogged down by one-time past airport dues and commercial mining losses. Its consolidated net profit of Rs 450.58 crore in January-March - the fourth quarter of fiscal year 2023-24 - compares to Rs 722.48 crore net profit in the same period last year and Rs 1,888.45 crore earning in the preceding quarter, according to a stock exchange filing by the company.

As Election Nears, Patna Gets Metro Boost

As Election Nears, Patna Gets Metro Boost

Rediff.com29 May 2025

The metro, it seems, is politics-proof -- even if it comes at a high cost.

'My Job Is To Be A Facilitator'

'My Job Is To Be A Facilitator'

Rediff.com23 Jun 2025

'My job is to provide people with a bouquet of options they can choose from.'

ECB announces 16.1 million pounds loss due to COVID-19 impact

ECB announces 16.1 million pounds loss due to COVID-19 impact

Rediff.com11 May 2021

The ECB reduced costs by stopping planned investments, furloughing staff, reducing pay from April to October

After tragedies, Wayanad victim Shruti begins new life with govt job

After tragedies, Wayanad victim Shruti begins new life with govt job

Rediff.com9 Dec 2024

Shruti, who lost her entire family in the Wayanad landslide disaster and later her fianc in a road accident, began a new chapter of hope by joining government service. The state cabinet had recently decided to provide a government job to the young woman, who had endured back-to-back tragedies. She joined the Revenue Department as a clerk in the mountainous district, expressing gratitude to the government for its support during her difficult times.

Will Vijay's CM Googly Win TN Poll Match?

Will Vijay's CM Googly Win TN Poll Match?

Rediff.com5 Jul 2025

Vijay is counting on what was once proclaimed as his last filmi outing, Jana Nayagan, or 'People's Hero', to do the trick for him, when it releases on January 9, 2026, only months before the assembly poll, observes N Sathiya Moorthy.

Charges on loss in spectrum allocation baseless

Charges on loss in spectrum allocation baseless

Rediff.com8 Feb 2011

"The CAG's office and Department of Space have already issued statements stating the factual position on the matter. It is further clarified that no decision has been taken by the government to allocate space segment using S-Band spectrum to ANTRIX or Devas. Hence, the question of revenue loss does not arise and any such reports are without basis in fact," the PMO statement said.

HC stays deportation of J-K cop, sisters to Pakistan

HC stays deportation of J-K cop, sisters to Pakistan

Rediff.com1 May 2025

A police officer and his eight siblings, including five sisters, were deported to Pakistan on Wednesday despite a court order granting them temporary relief. The nine members of the extended family, who have been living in Jammu and Kashmir for generations, were among more than two dozen people, mostly from Pakistan-occupied Kashmir (PoK), who were served deportation notices following the April 22 Pahalgam terror attack. The deportation has sparked outrage, with protests and appeals for intervention from the home minister and lieutenant governor. The family members claim they are not Pakistani nationals and have been living in the region for generations, presenting revenue records to support their claims. The court has ordered a detailed report on the case within two weeks and will hear it again on May 20.

SEZs sops: Rs 1,02,621 crore loss

SEZs sops: Rs 1,02,621 crore loss

Rediff.com27 Apr 2007

The finance ministry on Friday said revenue loss on account of fiscal sops to Special Economic Zones is estimated to be Rs 1,02,621 crore.

Tax sops to SEZs: Rs 1 lakh cr loss

Tax sops to SEZs: Rs 1 lakh cr loss

Rediff.com24 Nov 2006

Tax holidays to special economic zones are estimated to lead to a revenue loss of over Rs 1-lakh crore by FY10, the Parliament was informed on Friday.

GST: Govt to compensate states' losses

GST: Govt to compensate states' losses

Rediff.com29 Jun 2009

The government has decided to compensate states for any revenue loss on account of the implementation of the Goods and Services Tax (GST), a move that will encourage states to go in for the new tax structure scheduled to be implemented from April 1, next year.

After 10 years: Infosys may overtake Cognizant on revenue front

After 10 years: Infosys may overtake Cognizant on revenue front

Rediff.com11 Nov 2022

Slowing growth and execution challenges for Cognizant (CTSH) may well allow Infosys to overtake the former after a decade. Cognizant had marched ahead of Infosys in terms of revenue in the first quarter of financial year 2012-13. The Nasdaq-listed IT services firm's performance in Q3 and the guidance for Q4 and full-year 2022 suggest that it could take time for Cognizant to see the expected improvement in performance from its decision to restructure.

Nepalese tea takes the flavour out of Darjeeling tea

Nepalese tea takes the flavour out of Darjeeling tea

Rediff.com27 May 2025

Competition from Nepalese teas -- which has duty free access to the Indian market -- has emerged as a lower-cost alternative to Darjeeling tea, challenging its viability.

FMCG firms staring at muted revenue growth

FMCG firms staring at muted revenue growth

Rediff.com12 Dec 2022

Sluggish rural demand along with higher inflation is set to mute revenue growth of the fast-moving consumer goods (FMCG) sector at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the previous fiscal, a report said. Almost 40 per cent of the Rs 4.7-lakh-crore sector come from the hinterland markets, which have been hit by high inflation, low wages and high job losses since the Covid pandemic. Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday.