Swiggy has reported a loss of Rs 2,364 crore in FY19, six times more than that of FY18 (Rs 397 crore), The Times of India reported. The loss surged for the five year-old startup due to increased spending in marketing, consumer incentives, salary and delivery, the report added.Numbers from Prosus, Swiggy's largest shareholder, reveal that the Indian food-delivery major will incur further losses in the ongoing fiscal, with the company already suffering a loss of around Rs 1,960 crore between April and September, the report said.Moneycontrol could not independently verify the report.Close Interestingly, despite the significant loss, Swiggy managed to increase its total revenue to Rs 1,297 crore for FY19. Compared to FY18, the revenue increased by 177 percent. related news Uber to invest Rs 1,415cr in Zomato-UberEats share-swap deal: Report Swiggy set up 1,000 cloud kitchens; to expand it in 12 new cities by March 2020 Swiggy, Zomato revive merger talks as threat from … [Read more...] about Swiggy likely to suffer massive loss in FY20, down Rs 1,960cr in Apr-Sept period: Report
Aster DM Healthcare share price added 2.6 percent intraday on December 16 after the company decided to close all its loss-making operations in the Philippines.Aster DM Healthcare INC is a subsidiary of the company incorporated in Philippines which is operating three clinics.The management has entered into an agreement for asset sale of two of its clinics with Aventus Medical Care INC on December 12, 2019.Close The clinics were loss-making hence the company decided to close its operations of all the clinics by December 31, 2019.The company had decided to close the operations of its loss-making clinics in the Philippines by December 31, 2019At 1129 hrs, Aster DM Healthcare Ltd was quoting at Rs 156.05, up Rs 3.75, or 2.46 percent on the BSE.LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it … [Read more...] about Aster DM Healthcare share price rises 2% on plans to shut loss-making units
The sustained inflow of foreign funds is one of the biggest factors to have helped the Indian market trade near all-time high levels recently despite the prevailing weakness in the Indian economy.Data shows that foreign portfolio investors (FPIs) have been net buyers for straight three months, with November witnessing $3.14 billion inflows against $2.2 billion the previous month.On the sectoral front, banks witnessed a strong revival in the foreign fund flow. Non-banking financial companies (NBFCs) and telecom have of late seen funds flow in after continuous sell-offs in previous months, a report from brokerage firm ICICI Direct shows.Close A consistent inflow was seen in insurance and media space, whereas technology, pharma and transportation space saw continuous selling. related news Brokerages expect these 10 stocks could return 14-33% as market rally broadens in 2020 D-Street Buzz: FMCG stocks under pressure led by HUL, ITC; Tech Mahindra, TCS up 2% each Voltas share … [Read more...] about FPIs bet big on banks in November; is the sector gearing up for growth?
Arun Kumar“Don't try to buy at the bottom and sell at the top. It can't be done except by liars,” said Bernard Baruch.Close Attempts at timing the market can make investors worse off in the long run than riding out the inherent volatility. This is simply because it’s hard to precisely forecast how the market will move. related news D-Street Buzz: FMCG stocks under pressure led by HUL, ITC; Tech Mahindra, TCS up 2% each Voltas share price gains 2% as analysts retain bullish stance after management meet Is Nifty showing signs of topping out? KST indicator has a story to tell Here is some data to show how market timing is highly unlikely to work.Our analysis of stock market data shows that a significant chunk of investor gains over a long period of time is actually the result of only a handful of highest-return days or as we call them, the best days.Miss a few of these and your long-term investment returns can take a big hit. Conversely, if you stay out of the … [Read more...] about ‘Time vs timing: Rs 10 lakh invested in markets 30 years ago now worth over Rs 4 cr’
Indian market broke above its crucial resistance levels, thanks to positive global cues which helped S&P BSE Sensex reclaim 41,000, and put the Nifty50 back above 12,000-12,050 levels.The Nifty50 rallied 1.38 percent while the S&P BSE Sensex recorded a rally of 1.39 percent for the week ended December 13. S&P BSE Midcap index rose 1.1 percent, while the S&P BSE Smallcap index ended the week marginally lower down 0.05 percent.Positive global cues helped benchmark indices reclaim crucial resistance levels. The S&P BSE Sensex is just 0.38 percent away from its record high, while the Nifty50 is about 0.6 percent away from hitting an all-time high.Close Prospects of a trade deal between the United States and China and hopes of a swift Brexit after thumping election win by Britain’s Conservative Party spurred risk appetite, said a Reuters report. related news 'If Nifty manages to stay above 11,695 in 2020, … [Read more...] about Yes Bank, Tata Motors among 5 stocks that are on experts’ buy list