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Apple's revenue in India hit nearly Rs 50,000 crore in FY23, with sales increasing 48 per cent to Rs 49,321 crore and net profit rising 76 per cent to Rs 2,229 crore fastest growth of net profit for Apple in India in the last five years. Apple Ecosystem Employed Over 1.5 Lakh People Directly Since Approval of PLI Scheme in 2021, Says MoS IT Rajeev Chandrasekhar. ....
Paytm parent One97 in red for 7th year, but cuts losses One97 aims to turn profitable by FY22; US-based mutual fund T Rowe recently raised One97 arm fintech arm Paytm s valuation to $16 billion BusinessToday.In | December 24, 2020 | Updated 23:43 IST One97 s revenue from operations stood at Rs 3,115 crore in FY20 Paytm s parent company One97 Communications suffered losses for the seventh consecutive year though it managed to curtail losses by 28 per cent to Rs 2,833 crore in the financial year 2019-20. The significant reduction in losses was reported due to curtailed expenses. The company s overall expenses were reduced by 20 per cent in 2019-20 to Rs 5,861 crore compared to Rs 7,254 crore in the previous fiscal year, shows Toffler data. Paytm s revenues also fell slightly (1 per cent) to Rs 3,350 crore in FY20. The company s overall revenue from operations stood at Rs 3,115 crore in FY20 vs Rs 3,049 crore in the previous year. ....