New Delhi, March 20 (IANS) The Flipkart Group on Friday announced that its Chief Financial Officer Sriram Venkataraman will step down after more than a decade with the company.However, Venkataraman will not exit immediately and will continue in his role for the next few months to ensure a smooth transition.This move is aimed at maintaining stability in the company’s financial operations during a crucial phase.In the interim, Ravi Iyer will oversee the broader finance function until a new CFO i…
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Mumbai, Feb 4 (IANS) Ikea India, the local arm of Swedish furniture and home furnishing giant Ikea, has reported a wider loss for the financial year ended March 31, 2025 (FY25), even as it continues to invest heavily in expanding its presence in the country.According to a regulatory filing with business intelligence platform Tofler, Ikea India’s total loss widened to Rs 1,325.2 crore in FY25.In the previous financial year (FY24), the company had reported a net loss of Rs 1,299.40 crore.The com…
Mumbai, Jan 18 (IANS) Amway India’s losses widened further in FY25 as it reported a total loss of Rs 74.25 crore for the financial year ended March 31, 2025, compared with a loss of Rs 53.38 crore in the previous financial year. Its revenue from operations fell 10.56 per cent to Rs 1,148.16 crore in FY25 from Rs 1,283.75 crore in FY24, according to financial data accessed through business intelligence platform Tofler.The company’s total income, which includes other income, declined 9.2 per c…