Toyota PH expects sales to drop by 35-40% this year
Toyota Motor Philippines projected sales expected to dive by 35-40% this 2020
NBCC share price gains after bagging Rs 204-crore orders in Seychelles
The company has bagged orders for the construction of police headquarter and attorney general’s office in Seychelles.
Tech Mahindra shares surge up to 6% as Apr-Jun results beat estimates; analysts say ‘buy’ stock
Tech Mahindra shares have rallied nearly 50 per cent from March lows of Rs 470.25 apiece. The company informed that it has closed deals of $300 million during the quarter
Apple reports record sales and profits for fiscal 3Q20
Apple has announced its fiscal third quarter ended June 27, 2020 saw revenues and earnings hit records for the quarter, driven both by devices sales and services.
Auto stocks advance post encouraging July sales numbers; pare gains later
Maruti on Saturday announced it had sold 108,000 units in July, 88.2 per cent more than June 2020
BMW losses almost $800 million as sales slide during lockdowns
The German manufacturer of BMWs, Minis and Rolls-Royces, said deliveries had begun to recover, including in China, but the rebound would not be enough to make up for the shortfall in sales lost to the pandemic.
Amazon finally wins approval from regulator to gobble up minority stake in Deliveroo
Amazon on Tuesday won approval from the U.K.'s competition watchdog to take a 16% stake in delivery firm Deliveroo, ending a 15-month investigation into...
BMW loses almost $800 million as sales slide during lockdowns
BMW loses almost $800 million as sales slide during lockdowns
Average spot power price falls 27% to Rs 2.47 per unit in July on IEX
Attractive price continued to ensure significant savings to distribution companies and industries during this time.
HDFC AMC staff cash in on firm's stock price rise, sell shares worth crores
The stock is up 117 per cent from its listing price of Rs 1100 per share to Wednesday's closing price of Rs 2,387.4. The all-time high was Rs 3,844
Bandhan Bank share gains 3% intra day after FIIs raise stake
Bandhan Bank stock rose up to 2.9% to Rs 315.8 intra day against previous close of Rs 306.90 on BSE.
Atlanta Fed's GDPNow rises to 20.3% for Q3 on upbeat US data
The real gross domestic product (GDP) in the United States is expected to expand by 20.3%, up from 19.6% on August 3rd, in the third quarter of 2020,
Alinma Bank announces net profit of SR1,048 million before zakat
Alinma Bank announces net profit of SR1,048 million before zakat
Copper futures up 0.44% to Rs 514 per kg in evening trade
In the futures market, copper for August delivery touched an intraday high of Rs 515.35 and a low of Rs 509.75 per kg on the MCX.
Nintendo reports bumper US$1bn net profit in first quarter
Nintendo on Thursday reported net profit surged to $1 billion in the first quarter, with players stuck at home during the coronavirus virus ...
Vodafone Idea posts eighth straight loss, loses more subscribers
Vodafone Idea has so far failed to win better payment terms from the govt on the money it owes. Its net debt was Rs 1.2 lakh crore as of the quarter ended June.
T-Mobile added 1.245 million customers in Q2 2020, surpassed AT&T in subscriber count
T-Mobile’s Q2 2020 earnings are in, and they show that T-Mo hit a major milestone during the quarter. T-Mobile says that it added a total of 1.245 million customers in Q2 2020, including 1.1 million postpaid subscribers and 133,000 prepaid customers. T-Mo touts that this is the 22nd straight quarter that it’s led the wireless industry in new customers added. At the end of Q2 2020, T-Mobile had a total of 98.3 million subscribers. That’s enough to ... [read full article]
SoftBank seen booking 75% first-quarter profit drop as it returns to profitability
SoftBank seen booking 75% first-quarter profit drop as it returns to profitability
Bombardier loss hurt by train division, slowdown in business jets
New CEO Éric Martel blames uncertainty of the pandemic for dramatic reshaping that laid off 2,500 aerospace workers and sale of assets
Hammerson in line for R19bn recapitalisation
Following double whammy fallout from Covid-19 and Brexit.
Tencent loses $45 billion after Trump’s WeChat ban
Tencent Holdings Ltd dived more than 10% after US president Donald Trump ordered a ban on WeChat and “transactions” with the company that threatened to stifle its global business.
AGR dues widen Vodafone-Idea’s loss to Rs 25,467 cr; telco lost more than it made in last 2 quarters
Vodafone Idea on Thursday once again posted one of its biggest losses during the April-June quarter at Rs 25,467 crore, largely weighed down by its adjusted gross revenue dues.
Vodafone Idea share price tanks 8% on Rs 25,467 cr loss in Apr-Jun quarter; should you sell your stocks?
Vodafone Idea said that coronavirus-led nationwide lockdown impacted the first-quarter numbers of the current fiscal.
Laredo Petroleum posts net loss of about $545 million for second quarter
Laredo Petroleum took a non-cash impairment of about $406.5 million during the second quarter of 2020 on the way to posting a net loss of more than a half billion dollars for the period. In a report issued after markets closed Wednesday, Laredo reported it had posted a net loss of about $545 million, or $46.75 per share, on total revenues of about $110.6 million. During the second quarter of 2019, the company had posted a net income of about $173.4 million, or $14.99 per share, on total revenues of $216.6 million. "The macro environment during the second quarter of 2020 was unprecedented in its difficulties for the energy industry," Jason Pigott, Laredo’s CEO, stated as part of the earnings report.
Buffett's Berkshire expected to post a quarterly earnings surge as market comeback boosts portfolio
Investors are preparing for a variety of news in Berkshire Hathaway's second-quarter earnings report this weekend.
Tube Investments picks up controlling stake in CG Power for ₹700 crore
Fraud-hit CG Power sees TII’s operational, financial capabilities ending its difficulties
Crude oil futures gain 2.35% to settle at Rs 3,074 a barrel for the week
In the futures market, crude oil for August delivery touched an intraday high of Rs 3,165 and an intraday low of Rs 3,084 per barrel on MCX.
Buffett buys back record $5.1 billion in Berkshire stock as coronavirus hits operating earnings
Berkshire announced it bought $5.1 billion of its own shares during the second quarter as the pandemic dented the conglomerate's operations.
Berkshire bought back record $5bn of stock last quarter
Suggesting Warren Buffett's thinking shifted.
July exports recovered to 91 per cent of July 2019 levels : Piyush Goyal
Non-gems & jewellery, petroleum exports also rose, picking up significantly towards month-end
Eastman Kodak’s $765 million US loan agreement on hold after recent allegations
Earlier this week, senior Democratic lawmakers asked federal regulators to investigate securities transactions made by the company and its executives around the time it learned it could receive the government loan.
Saudi Aramco’s profits down 73% in Q2; dividends approved
Riyadh - Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) gained SAR 24.62 billion in net profits during the second quarter (Q2) of 2020, down by 73.41% from SAR 92.59 billion in the corresponding quarter a year earlier. The decrease in …
Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank
The coronavirus pandemic took a major toll on the oil giant’s earnings, but Aramco will maintain its hefty dividend for shareholders.
FPIs remain net buyers in August first week; pump in Rs 8,327 crore
Risk appetite among foreign investors apparently enhanced after a slew of encouraging economic data from the US, Europe and China raised hopes that there could be a chance of a quicker rebound in the global economy from the COVID-19 pandemic.
AMFI July Data: Most equity scheme categories saw outgo; all debt funds except credit risk schemes witnessed inflows
The mutual fund industry recorded total assets under management (AUM) of Rs 27.1 lakh crore in July, higher than Rs 25.5 lakh crore in June.
Saudi Aramco says profit fell 73pc as demand for oil shrank
Saudi Aramco Oil Co., the world’s largest oil company, said Sunday that its quarterly earnings plunged more than 73% compared to a year ago, as lockdowns imposed to curb the coronavirus pandemic drastically cut the demand for oil and slammed prices.
Bitcoin Price Seals Best Weekly Close in 2.5 Years: 5 Things to Know
Bitcoin has put in a crucial bull market sign for long-term investors as $12,000 returns to the market — can it hold?
Marriott posts bigger-than-expected loss as virus hits bookings
Total revenue plunged 72.4% to $1.46 billion.
Vodafone-Idea shares gain over 4% ahead of decision on AGR dues
Vodafone Idea stock price trades higher than 5, 20, 100 and 200-day but lower than 50-day moving averages. M-cap of the telecom major stood at Rs 26,120.47 crore as of closing session today
Shares of Buffett's Berkshire Hathaway rise after conglomerate buys back a record amount of stock
Shares of Berkshire's Class B stock gained 0.9% before the bell following news of record buybacks at Warren Buffett's conglomerate.
Tencent Holdings shares lose $66 billion in 2-day rout on WeChat ban
The stock fell 4.8 per cent Monday and nearly reached Friday's low
Coronado flags asset sales after crashing to record loss
Coal miner Coronado reveals financial toll of pandemic-related collapse in demand and prices as it reviews operations and considers sale of non-core assets.
HAL share price hits fresh 52-week high on approval of equipments acquisition worth Rs 8,722 cr
HAL stock price has rallied over 151 per cent from March lows of Rs 448 apiece, taking the total market capitalisation of the company to Rs 36,949.82 crore
Rand extends gains, stocks rally for second day
The rand has been under pressure from shifts in investor appetite for emerging market assets as well as weak economic data pointing to a deep recession in South Africa in 2020 due to the impact of the coronavirus pandemic and a slow recovery in 2021.
Saudi crude oil output up 11.5% in July
Riyadh – Mubasher: Saudi Arabia’s output of crude oil bounced back in July 2020 to rise by 866,000 barrels per day (b/d) or 11.5% on a monthly basis. Overall oil output by the kingdom, the world’s largest oil exporter, amounted to 8.406 million …
Profits fall sharply at Saudi Aramco, the world’s biggest oil firm
In its first six months as a public company it has shown unrivalled strength—and unusual weakness
Silver jewellery exports soar 121% in April-July even as overall jewellery exports fall 46%
India will soon give a tough competition to Thailand and China, the two major players in silver jewellery, said industry executives.
Tapestry Loses $652 Million for Year, But Beats Quarterly Expectations
Turnaround plans continue for the Coach, Kate Spade and Stuart Weitzman parent company.
US retail sales rise modest 1.2pc in July, says govt
WASHINGTON, Aug 14 — US retail sales increased 1.2 per cent compared to June, a more modest increase than economists had been expecting, held down by a decline in auto sales, according to government data released today. It was the third straight increase after the 8.4 per cent increase in June,...
last updated on 21 Apr 18:37