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Paytm loss widens

  Bloomberg Paytm, India’s leading digital payments brand, posted a wider second-quarter loss after it spent more to grow its business. The net loss in the July-September period swelled to 5.71 billion rupees ($69.7 million) from 4.73 billion rupees a year earlier, the company said on Monday. Revenue rose 76% to 19.14 billion rupees, while total costs increased 60% to ...

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More Thai restaurants join Michelin list

  Bloomberg Five new fine-dining restaurants in Thailand have won the prestigious Michelin star ratings, adding to the Southeast Asian nation’s gastronomic appeal that may help cement a post-pandemic tourism recovery. Potong, which serves Thai-Chinese cuisine from a shop house that was once a pharmacy in Bangkok’s China town, and contemporary Thai restaurant Baan Tepa were among the five winners ...

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Qantas boosts profit forecast as air travel rebound accelerates

Bloomberg Qantas Airways Ltd. upgraded profit expectations for the final six months of 2022 just weeks after its initial forecast, highlighting the intensity of a demand rebound that has sent fares soaring. The airline’s shares jumped. The Australian airline said it expects underlying profit before tax in the period of between A$1.35 billion ($900 million) and A$1.45 billion. That’s A$150 ...

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