PhonePe reported a profit of Rs 197 crore in FY24, excluding Esop costs, after facing losses of Rs 738 crore in FY23. Revenue increased by 74%, reaching Rs 5,064 crore. Valued at $12 billion, the company plans to go public and has expanded into sectors like insurance, merchant lending, and stock broking.
Related Posts
More tax relief coming? After income tax slab changes in Budget 2025, Modi government eyes GST revamp
- staff
- February 4, 2025
- 0
The Narendra Modi government plans to streamline the GST framework after making significant changes to personal income tax and customs tariffs. The initiative aims to […]
Banks raise FD rates to boost deposit growth
- staff
- January 13, 2025
- 0
Banks are offering better deposit rates to attract customers amid liquidity shortages. IDBI Bank launched a scheme for individuals aged 80 and above, with higher […]
Jetly leads Fidelity International’s global platform solutions business
Rohit Jetly has been given additional responsibilities at Fidelity International, taking over technology and operations for the company’s global platform solutions division. Upasna Nischal succeeds […]