Zomato receives ₹402 cr tax notice; stock dips 5%
Zomato says it is not liable to pay any tax since delivery charge is collected by company on behalf of delivery partners.
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Jefferies expects Paytm to turn profitable in next 4 quarters
Jefferies has set a target price of ₹1,300 for Paytm, a 34% upside compared with its closing price on October 19.
Adani Enterprises Q1 profit jumps 44%; revenue falls 38%
Revenue drops 38% year-on-year to ₹25,438 crore in the first quarter
43% MSMEs won't reach pre-Covid margins this fiscal: Crisil
Crude prices have risen significantly this fiscal, averaging $104 per barrel between April and October compared with $61 per barrel pre-pandemic.
Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
‘June quarter revenue growth to be slowest in 2 years’
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.
Analysts raise red flag on falling margins
Reports from various equity research and ratings agencies said margins were under pressure due to rising costs.
