Apple, Amazon, Zomato Quarterly Results💸
Apple, Amazon, Zomato Quarterly Results💸
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Tech Updates
Apple Q3 results: Revenue drops 1%, but profit rises to $19.9 billion
The world's most valuable tech company, which relies on the iPhone for half its sales, reported Thursday that revenue fell 1%, to $81.8 billion, during the three months that ended in June. Profit increased 2%, to $19.88 billion.
Amazon Q2 results: Revenue rises 11% to $134 billion boosted by cloud sales
Revenue in the second quarter rose 11% to $134.4 billion, the retailer said, better than the 9% it was achieving recently. That was about $3 billion more than analysts had been forecasting.
Paytm monthly users increase by 19% to 9.3 crore
Fintech company Paytm on Thursday said its average monthly users rose by 19 percent on-year to 9.3 crore. Merchant subscriptions stood at 82 lakhs, with 41 lakh new subscriptions over the year, according to the filing
Zomato turns profitable for the first time, revenue jumps 71%
Food delivery platform Zomato turned profitable for the first time as it posted a consolidated net profit of Rs 2 crore in April-June (Q1) of FY24 against a loss of Rs 186 crore in the year-ago period.
Rs 250 crore penalty for breaches in new data bill tabled in LS
After at least three of its iterations were shelved, the much-anticipated Digital Personal Data Protection bill 2023 was tabled in the Parliament on Thursday.
Crypto startups WazirX, CoinDCX look to rebuild
Multiple founders of large crypto startups are building solutions for alternative services, like decentralized finance, gaming, non-fungible tokens, and others.
Mamaearth parent receives Sebi nod for IPO
Honasa Consumer Ltd filed its draft red herring prospectus with the market regulator in December 2022 for issue of fresh stock worth Rs 400 crore, in addition to an offer-for-sale (OFS) of 46.82 million shares.
Dunzo seller app joins ONDC; aims to onboard 20,000 merchants in 45 days
In addition to being a logistics partner on the network, the seller app will onboard 1,500 local merchants in the next one week.
Government restricts imports of laptops, PCs, tablets
In what can be seen as a move to boost local manufacturing, especially in the electronics segment, the government on Thursday imposed curbs on the import of laptops, tablets, all-in-one personal computers, ultra-small form factor computers, and servers.
Funding Deals
UcliQ, a business-to-business marketplace for chicken and seafood, has secured Rs 0.7 crore ($85K) in an angel round led by EvolveX Accelerator in its second cohort.
RTIwala, a Seoni Malwa-based legal-tech startup, has raised Rs 25 lakh from PontaqVC. The transaction was facilitated by NGIS-STPI, Bhopal.
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