logo
Zomato parent sees Q1 profit plunge 90%

Zomato parent sees Q1 profit plunge 90%

Time of India5 days ago
Representative image
BENGALURU: Eternal-the listed parent of
Zomato
- posted a net profit of Rs 25 crore, an over 90% decline from Rs 253 crore in the year-ago period, due to increased investments in Blinkit and other emerging segments. Eternal reported a 70% year-on-year increase in consolidated revenue to Rs 7,167 crore for the quarter.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

PM Modi launches, inaugurates development projects worth Rs 4,900 crore in Tamil Nadu
PM Modi launches, inaugurates development projects worth Rs 4,900 crore in Tamil Nadu

Hans India

time18 minutes ago

  • Hans India

PM Modi launches, inaugurates development projects worth Rs 4,900 crore in Tamil Nadu

Chennai: Prime Minister Narendra Modi arrived in Tamil Nadu on Saturday evening for a two-day visit, marking a significant push for infrastructure and development initiatives across the state. After concluding his visit to the Maldives, Prime Minister Modi landed at the Tuticorin Airport at 7:50 p.m. in a special aircraft. He was received at the airport by Tamil Nadu Finance Minister Thangam Thennarasu, Governor R.N. Ravi, and Union Ministers L. Murugan and Ram Mohan Naidu, among others. Soon after his arrival, the Prime Minister inaugurated the newly developed terminal building of Tuticorin Airport, constructed at a cost of Rs 452 crore. Later, he laid the foundation stone and inaugurated multiple development projects across Tamil Nadu, with a cumulative value of Rs 4,900 crore. These projects span key sectors including energy, transport, and logistics. Among the major initiatives unveiled were, infrastructure projects worth Rs 550 crore in Tuticorin, power transmission works related to the Kudankulam Nuclear Power Plant, electrification of the Madurai–Bodinayakkanur railway line, power distribution systems for Kudankulam Units 3 and 4, doubling of the railway line between Aralvaimozhi and Nagercoil, doubling of the Nellai-Melapalayam railway section, estimated at Rs 283 crore, a four-lane road development project on the Sethiyathoppu-Cholapuram section, inauguration of the third northern cargo logistics terminal at V.O. Chidambaranar Port in Tuticorin, costing Rs 285 crore, doubling of the Nagercoil City-Junction-Kanyakumari railway line and railway projects worth Rs 1,030 crore. The visit highlights the Centre's focus on boosting connectivity, energy infrastructure, and economic development in southern Tamil Nadu. The Prime Minister is scheduled to participate in further events on Sunday, including the millennium celebration of the maritime expedition of the Chola emperor, Rajendra Chola I, at Gangaikonda Cholapuram.

PM Modi hails UK trade deal as ‘historic', says it shows global trust in India
PM Modi hails UK trade deal as ‘historic', says it shows global trust in India

First Post

time18 minutes ago

  • First Post

PM Modi hails UK trade deal as ‘historic', says it shows global trust in India

Prime Minister Narendra Modi on Saturday described the recently concluded FTA between India and UK as 'historic,' and said the trade pact showed the world's trust in the country. read more Prime Minister Narendra Modi on Saturday hailed the recently signed Free Trade Agreement between India and the United Kingdom as 'historic', saying it reflected the world's growing trust in the country. Speaking after launching development projects worth ₹4,900 crore in Tamil Nadu, Modi reaffirmed the NDA government's focus on the state's progress. The Prime Minister said he felt 'blessed' to arrive in Tamil Nadu directly after concluding his foreign tour, during which the India–UK FTA was finalised before his visit to the Maldives. STORY CONTINUES BELOW THIS AD Calling the trade deal with the UK a milestone, he said, 'India and Britain have signed a Free Trade Agreement. This reflects the increasing global trust in India and our growing self-confidence. With this confidence, we will build a developed India and a developed Tamil Nadu.' 'FTA with Britain adds pace to our vision of Viksit Bharat, Viksit TN,' the PM, clad in a traditional veshti (dhoti), shirt and an 'angavastram' worn around the neck, said. He landed here directly after wrapping up his official tour of the Maldives. As regards Operation Sindoor, he said weapons manufactured under the 'Make in India' initiative played a great role during the cross-border military offensive in destroying enemy targets and made enemies lose sleep. Promising a developed India and Tamil Nadu, he said, 'infrastructure and energy are the backbone of any state's development; our focus on infrastructure and energy in last 11 years shows our commitment to TN's growth.' The NDA government has constructed Atal Sethu, Sonmarg Tunnel, Bogibeel bridge in different parts of the country and these created thousands of job opportunities. As regards the railways, he said it is the lifeline of industrial growth. The projects he inaugurated on Saturday are related to airport, highways, railways, port and power in Tamil Nadu and he said that infrastructure. The inaugurated projects include a new state-of-the-art Tuticorin airport terminal building, developed at an estimated cost of around Rs 450 crore. STORY CONTINUES BELOW THIS AD As regards railway projects, it includes the electrification of the 90 km Madurai–Bodinayakkanur line, commissioned at a cost of Rs 99 Crore and the Rs 650 crore worth doubling of the 21 km Nagercoil Town–Kanniyakumari section. The PM dedicated to the nation, two strategically significant highway projects– 4-laning of 50 km Sethiyathope–Cholapuram stretch of NH-36, developed at a cost Rs 2,350 crore and 6-laning of the 5.16 km NH-138 Tuticorin Port Road, built at around Rs 200 crore. He inaugurated the North Cargo Berth–III with a cargo handling capacity of 6.96 MMTPA at V O Chidambaranar Port established at a cost of Rs 285 crore. On the occasion, he invoked legendary freedom fighters from the region–VO Chidambaram Pillai, king Veerapandia Kattabomman and chieftain Veeran Azhagu Muthukon. Tamil Nadu Governor RN Ravi participated in the event. State Finance Minister Thangam Thenarasu presented a memento, a replica of the iconic Valluvar Kottam in Chennai, to the prime minister on the occasion. STORY CONTINUES BELOW THIS AD Union Civil Aviation Minister K Rammohan Naidu, Union Minister of State L Murugan, TN Social Welfare Minister P Geetha Jeevan, Lok Sabha MP Kanimozhi and top officials took part.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store