Standard Chartered’s India losses at $981 million

    Overall, the lender’s loan impairment surged to $4 billion in 2015 from $2.14 billion in 2014. Photo: Pradeep Gaur/Mint Standard Chartered Plc. on Tuesday reported a loss of $981 million from its India operations as loan impairments, including restructured loans, across its India portfolio surged almost eightfold to $1.3 billion in 2015 from $171 million […]

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    Practo FY15 revenue up by more than 10 times, losses widen 30%

    Bengaluru: Practo Technologies Pvt. Ltd, the most funded homegrown healthcare start-up, posted a more than 10-fold increase in revenue for the year ended 31 March, while losses increased 30%, signalling the company’s intent to extend its lead over smaller rivals. Practo’s revenue increased to Rs.29.73 crore in fiscal 2015 from Rs.2.30 crore a year earlier, […]

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    BigBasket’s net sales double, losses triple in 2014-15

    While BigBasket is still India’s largest online grocery store, it is facing competition from hyperlocal grocery delivery firms. Photo: Aniruddha Chowdhury/Mint Online grocery store BigBasket doubled net sales and tripled its loss in the year ended 31 March 2015, according to documents available with the Registrar of Companies, as competition intensified in the Internet consumer […]

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    Adele, Bond Help Revamped Sony Escape Spectre of Losses

    British pop diva Adele and suave spy James Bond may be unlikely stars in Sony’s turnaround, but the firm is betting they are key to a corporate makeover that analysts say still has a long way to go. The company is leaning on movies, music, and soaring sales of the PlayStation video game console in […]