Fintech firm Affirm lays off 19% of workforce

Posted on   8:59 am

US-based financial technology company Affirm has laid off 19 per cent of its workforce, the company announced in its second-quarter earnings report. “We are reducing the size of our team by 19 per cent. This was the single most difficult decision

Hindalco PAT drops 63 pc in December quarter

Posted on   8:58 am

 Hindalco Industries, the Aditya Birla Group metals flagship, on Thursday posted a 62.9 per cent decline in consolidated profit after tax at Rs 1,362 crore for the quarter ended December 31, 2022 mainly due to elevated input costs, unfavourable macros and inflationary impacts.

Indian Overseas Bank Q3 profit rises 22 pc to Rs 555 cr

Posted on   8:57 am

 Indian Overseas Bank (IOB) on Thursday reported a 22 per cent growth in its profit at Rs 555 crore in the quarter ended December 2022 due to an increase in interest income and improved asset quality. The Chennai-based bank had posted a net profit of Rs 454 crore in the same quarter a year ago.