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Lenskart revenue jumps to Rs 3,788 crore in FY23; trims losses to Rs 102 crore
Omnichannel eyewear retailer Lenskart saw its consolidated operating revenue more than double to Rs 3,788 crore in FY23 from Rs 1,502 crore a year earlier. The Gurugram-based company reduced its losses from Rs 102 crore in FY22 to Rs 64 crore in FY23. Total expenses also increased in line with the growing scale of the company, coming in at Rs 4,025 crore in FY23 compared to Rs 1,726 crore in the year-ago period. Notwithstanding the loss on a net basis, Lenskart reported earnings before interest,...
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Axis Bank posts Rs 7,130-cr net profit in Q4; board approves Rs 55,000-cr fundraise
Axis Bank has reported a net profit of Rs 7,130 crore for fiscal fourth quarter as against a loss of Rs 5,762 crore in the year-ago period...
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A Valedictory Recommendation for What Unions Need to Do
The following piece by Harold Meyerson appeared in The American Prospect. Last Friday, D. Taylor stepped down as president of UNITE HERE—the union of hotel and casino employees. His nearly dozen years at the helm of one of America’s most member-involved unions saw it become an improbable political powerhouse in a host of swing states… Source