Gammon India Consolidated Loss Narrows To Rs 135 Crore In March Quarter
Gammon India on Friday reported narrowing of its consolidated loss to Rs 134.96 crore for the quarter ended March 2020.
The company had a consolidated net loss of Rs 526.33 crore for the corresponding quarter of the previous fiscal, it said in a regulatory filing.
Its total consolidated income during the quarter under review declined to Rs 115.50 crore as against Rs 218.68 crore in the year-ago period.
Total expenses declined to Rs 253.92 crore from Rs 445.43 crore in the year-ago period.
For the full fiscal (2019-20), the company saw its consolidated net loss narrowing to Rs 630.79 crore. It had reported a consolidated net loss of Rs 1,296.44 crore in FY 2018-19.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
HSBC Swings The Axe At UK Wealth In An AI Push
HSBC is preparing deep job cuts across its UK wealth management arm. It plans to cut about half of its management and sp... Read more
Kraken's Owner Buys A Bank: The Lines Are Blurring
Payward, the parent company of the crypto exchange Kraken, has agreed to buy a European bank. It would be the first digi... Read more
Revoluts Australian Banking Licence Game Changer
Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more
The AI Bank Is Coming, But Who Controls The Risk?
Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more
ClearBank UK Profit Leads To European Growth
ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more
Bank Of London Continues To Rebuild
ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more