Omnichannel eyewear retailer Lenskart saw its consolidated operating revenue more than double to Rs 3,788 crore in FY23 from Rs 1,502 crore a year earlier. The Gurugram-based company reduced its losses from Rs 102 crore in FY22 to Rs 64 crore in FY23. Total expenses also increased in line with the growing scale of the company, coming in at Rs 4,025 crore in FY23 compared to Rs 1,726 crore in the year-ago period. Notwithstanding the loss on a net basis, Lenskart reported earnings before interest,...
Ugro Capital, a non-banking finance company catering to small and medium businesses, has raised fresh capital of Rs 1,322 crore from a mix of new and existing investors and family offices through compulsory convertible debentures and warrants.Samena Capital led the round injecting Rs 500 crore, while hedge fund Aregence, along with family offices, also committed capital, the company said in a filing with the stock exchanges Thursday.Ugro’s founder, board members and management collectively...
A Kogi State High Court sitting in Lokoja has ordered the Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, to appear in court on May 13, 2024, to show cause why an order of committal should not be made against him for allegedly disobeying court order.
The Department of Health (DOH), the Food and Drug Administration (FDA) and the Professional Regulation Commission (PRC) are set to conduct an investigation on the alleged unethical practices of a local pharmaceutical company owned by physicians.
The Central Bureau of Investigation (CBI), on Thursday, submitted a preliminary status report on its investigation into the cases of illegal land grabbing, extortion and harassment of women in West Bengal's Sandeshkhali to the Calcutta High Court.
The Raipur division of the Enforcement Directorate (ED) recently
Sheri Balogun, who worked in administration at the city's magistrates, used the word - which means embarrassing - when complaining about manager Matthew O'Bryan.
BluSmart, a ride-hailing startup focusing on electric vehicles, posted more than Rs 390 crore in revenue in fiscal 2024, compared with about Rs 160 crore in FY23, cofounder Punit Goyal told ET.The firm has also crossed Rs 500 crore in annualised revenue run rate (ARR), he added. BluSmart competes with Uber and Ola, as well as new entrants like Rapido and Namma Yatri in the cab-hailing space.BluSmart is much smaller compared with Ola and Uber and operates only in two cities: Bengaluru and the...
In a span of just eight days, a former IT company staffer and his wife lost as many as Rs 99 lakh to cyber fraudsters in an online trading scam. The victim, who is a 45 year old man currently residing in Rahatni, lodged the first information report (FIR) in this case at the Wakad police station on Saturday. Police said the complainant was working in an IT company in the past, but left his job following an accident and began share trading. Police said that the complainant hails from Madhya...
By DAVID KOENIG AP Airlines Writer Boeing is already facing questions about quality and safety of its aircraft, and now it has a labor showdown on its hands in Seattle. The company says it will lock out its private force of firefighters at 12:01 a.m. local time on Saturday if they don’t accept the company’s
Boeing threatens to lock out its private firefighters around Seattle in a dispute over pay
Boeing is already facing questions about quality and safety of its aircraft, and now it has a labor showdown on its hands in Seattle