Tag Archives: Backed

Backed by decline in finance cost, Flipkart trims loss

The filings state that the company has managed to¬†achieve a 63% reduction in losses from Rs 46,895 crore ($6.6 billion) in 2018 to Rs 17,231 crore ($2.42 billion) for FY19. Flipkart group, the e-commerce behemoth’s holding company based in Singapore has reported a 42% increase in group revenue in FY 19, according to regulatory filings accessed by business intelligence platform ... Read More »