Tag Archives: Losses

Unorganised Sector Witnessing Job Losses Post-Demonetisation: Report

Demonetisation will have an impact on the GDP, says industry body Assocham. New Delhi: Major sectors of the economy including FMCG, jewellery and SMEs have been hit post-demonetisation, while the unorganised sector is seeing job losses, according to industry body Assocham. In an interview to PTI, Assocham president Sunil Kanoria lamented the lack of preparedness and the manner in which demonetisation was implemented, saying ... Read More »

Uber Racked Up Big International Losses During 2014 Expansion

The international business of Uber, the US-based ride-hailing service, lost $237 million in 2014, a big increase on a deficit of $31.9 million the previous year, as the company expanded around the globe. The figures, the latest available, were disclosed in an official filing lodged with the Dutch Chamber of Commerce last month. Uber’s international headquarters are in Amsterdam. Although ... Read More »