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Wall Street's main indexes slipped as Goldman Sachs missed quarterly profit estimates, worsening sentiment already dented by concerns of a slowdown in China's economic growth.
Goldman Sachs Group Inc fell 3.5% after the bank reported a bigger-than-expected drop in quarterly profit, weighing the most on the Dow Jones Industrial Average.
Morgan Stanley jumped 4.4% as it beat analysts' estimates for fourth-quarter profit as its trading business got a boost from market volatility.
ITC has informed stock exchanges that it will acquire Sproutlife Foods Pvt Ltd, engaged in the manufacture and sale of healthy foods brand Yoga Bar in order to strengthen presence in nutrition and health food space.
ITC will buyout the company in tranches over a period of three to four years, the company said in an exchange filing. It will buy out 47.5 percnt stake in Sproutlife Foods in tranches by March 2025.
“The balance stake will be acquired, basis pre-defined valuation criteria, subject to other conditions agreed to in the binding documents,” ITC said.
Net profit up 20.5% at Rs 84.8 crore vs Rs 70.4 crore (YoY)
Revenue up 10.6% at Rs 273.4 crore vs Rs 247.2 crore (YoY)
EBITDA down 4.5% at Rs 102.3 crore vs Rs 107.2 crore (YoY)
Margin at 37.4% vs 43.4% (YoY)
Apple Inc haslaunched its latest MacBook Pro and new Mac mini with faster in-house made chips.
The rare announcement comes months ahead of the company's traditional spring event, when Apple launches its iMacs and accessories.
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Morgan Stanley reported a smaller-than-expected 41% drop in fourth-quarter profit on Tuesday as the bank's trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.
Revenue from Morgan Stanley's investment banking business fell 49% to $1.25 billion in the fourth quarter, with revenue declines across the bank's advisory, equity and fixed income segments.
The investment banking business slowdown weighed on the company's net revenue, pulling it down 12% to $12.7 billion.
Government's approval for a wage agreement recommends a 19 percent minimum guaranteed benefit to 2.38 lakh non-executive employees of the miner.
CIL and four central trade unions - BMS, HMS, AITUC and CITU had on January 3 inked a memorandum of understanding (MoU) as part of the ongoing National Coal Wage Agreement-XI.
"The wage hike recommendation is now with the Department of Public Enterprises for its approval, All India Coal Workers' Federation (AICWF) General Secretary D D Ramanandan told PTI.
The company, in a statement, said it has launched '5G Plus' services in the three cities.
"We will provide 5G services at the venue hosting the Jaipur Literature Festival," Marut Dilawari, the CEO of Bharti Airtel Rajasthan, said
World No. 7 Sindhu, a former champion, went down 12-21 20-22 to the world No. 30 in the women's singles match. The Indian had lost to the same player in the semifinals in the last edition.
Sindhu didn't look at her best as she struggled against the left-handed Supanida, who was precise in her returns and looked in more control in the rallies to take the opening game.
The proposed land parcel will be leased out for 99 years and the reserve price of the land is Rs 73 crore, an RLDA official said in a statement.
At a recent pre-bid, meeting many local and national level developers expressed interest. The deadline for submitting e-bids is February 14, 2023.
Rescuers used drones and abseiled down a deep gorge looking for the last missing person from Nepal's worst air disaster in 30 years, in which at least 71 people died including small children.
The search was called off after darkness descended, and will resume on Wednesday, said Tek Bahadur K.C., a top district official.
Rescue teams were struggling to identify bodies, Ajay K.C, a police official in Pokhara who is part of the rescue efforts, told Reuters.
Rescuers had collected what appeared to be human remains and sent them for a DNA test, he said, but search efforts would continue until all 72 passengers and crew were accounted for. (Reuters)
