Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
PhonePe Narrows Net Loss To INR 1,996 Cr In FY24
Financial Management
PhonePe narrows net loss to INR 1,996 Cr in FY24: Fintech giant PhonePe reported a reduction in its net loss to INR 1,996 crore for the financial year 2024. The company's efforts to optimize costs and enhance operational efficiency contributed to the improved financial performance. This development highlights PhonePe's progress toward achieving profitability and underscores the challenges faced by fintech companies in managing expenses while scaling operations. The reduction in net loss reflects PhonePe's strategic initiatives to strengthen its market presence and financial stability.
