profitability News

Barclays Surges Ahead with an 11% Income Jump to £7.7 Billion in Q1 2025

Barclays PLC announced an 11% rise in Q1 2025 income to £7.7 billion, with profits before and after tax growing by 19% and 16% respectively. The bank's strong performance is attrib...

Revolut Aims for Global Dominance: Targeting 100 Million Daily Users in 100 Countries

Revolut announces a goal of 100 million daily users across 100 countries, backed by a 38% increase in customers and 72% revenue growth in 2024, marking its fourth profitable year.

Revolut Aims for Global Dominance: Targeting 100 Million Daily Users in 100 Countries by 2024

Revolut announces ambitious goals to reach 100 million daily users in 100 countries, alongside revealing a 38% increase in its customer base and a 72% surge in group revenues in it...

Revolut Aims for Global Dominance: Targeting 100M Daily Users Across 100 Countries

Revolut announces ambitious goals to reach 100 million daily users across 100 countries, backed by a 38% increase in its customer base and a 72% surge in revenues, marking its four...

BigBasket Aims for a Major IPO in the Next 12-24 Months, Targeting $3 Billion Revenue

BigBasket, backed by Tata, plans an IPO in the next 12-24 months, aiming for $3 billion revenue and profitability. The company focuses on scaling, enhancing profitability, and leve...

Banking Sector Braces for Impact: Rising Bad Loans Set to Undermine Profits by FY26

The banking sector is poised for a profitability decline by FY26 due to rising bad loans and higher credit costs, with unsecured retail loans identified as a major risk factor, acc...

The Rise of 10-Minute Delivery: Exploring Profitability and Regulatory Challenges

The 10-minute delivery trend is reshaping consumer behavior in India, offering unparalleled convenience but also presenting profitability and regulatory challenges. As companies ex...

Revolutionizing AI: Autonomous Agents and Profitability to Shape 2025

Business executives and researchers predict that autonomous 'agents' and profitability will dominate the AI agenda in 2025. These agents, enabled by new reasoning approaches, promi...

Bitcoin Miners Emerge from the Bear Trap: A New Dawn in the Cryptoverse

Bitcoin miners, after a tough crypto winter, are seeing a revival thanks to a rally that has pushed bitcoin above $30,000 and declining electricity prices. This has significantly b...

2025 Global Auto Industry Outlook: Stable Yet Challenging

Fitch Ratings announced a neutral outlook for the global automotive sector in 2025, projecting a 2% increase in light vehicle sales. Challenges in Europe and China due to macroecon...

2025 Global Auto Industry Outlook: Stable Growth Amidst Challenges

Fitch Ratings projects a 2% increase in global light vehicle sales for 2025, maintaining a neutral outlook. Challenges in Europe and China due to macroeconomic pressures will resul...