Losses

Banks may take Rs 30,500-cr hit in current fiscal on rising bond yields, says India Ratings report

Persistent rise in bond yields is likely to shave Rs 30,500 crore from the banks' balance-sheets in the current financial year, with state-run lenders being the worst hit, warns a India Ratings report

A lifeline for Snapdeal amid layoffs, mounting losses, exits; etailer to get $100-150 mn funding from SoftBank

The latest fund raising exercise could crimp the company's valuation to below $3 billion

Cauvery issue: Bengaluru image sullied by agitation; Rs 25,000 crore likely losses, says Assocham

The widespread damage due to the violent protests over the Cauvery dispute has caused Karnataka to suffer a loss of Rs 22,000-25,000 besides denting the image of the state capital as India's Silicon Valley, industry chamber Assocham said on Tuesday.

IMF expects $500 billion revenue loss for Mideast oil exporters

Oil exporting countries in the Middle East lost a staggering USD 390 billion in revenue due to lower oil prices last year, and should brace for even deeper losses of more than USD 500 billion this year, the International Monetary Fund said today.

SpiceJet's Q3 loss widens to Rs 275 crore in battle to stay afloat

SpiceJet said on Thursday it made a loss of Rs 275 crore ($44.2 million) in the last three months of 2014, after the airline was forced to cut the size of its fleet and cancel contracts to stay afloat.

After losses worth $181 million, Sony to cut $100 million in costs

Sony Entertainment, the movie and music arm of Sony Corp., is looking to cut at least $100 million in costs and has hired consulting firm Bain & Co. to conduct a review of its operation

Privatisation is the only way to end Air India's woes

Privatisation may not be the only solution to Air India's woes but at present, it seems to be the only viable one.

Despite belt tightening, AI's projected loss in current fiscal is Rs 4,000 cr

Air India's Chairman and MD Rohit Nandan said today that the airline is targeting to bring down such flights to just 15 percent of its total capacity in the current fiscal.

NMDC suffers revenue loss of Rs 746 cr from 2007-10: CAG

Iron ore miner NMDC has suffered Rs 745.94 crore revenue loss during 2007-10 for not revising the domestic prices of the steel-making raw material in line with prevailing market rates, government auditor CAG said.

Coal turns murkier; fires minefield of controversies in 2012

Coal fired a minefield of controversies in 2012, fuelled by CAG estimates of a huge Rs 1.86 lakh crore loss for allocation of coal blocks to business houses without auction which served as fodder to the Opposition parties to target the government.