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  • Apollo Hospitals | Digitalisation is future engine of growth, prepared to deal with losses: Suneeta Reddy Aug 12, 2022 08:16 PM IST

    Apollo Hospitals | Digitalisation is future engine of growth, prepared to deal with losses: Suneeta Reddy

    Although the Apollo digital business reported a big EBIT loss of Rs 140 crore, the MD of the company reposed faith in digitalisation being the main driver of growth and revenue in the future.

  • Tata Consumer will make salt costlier to protect firm's margin from inflation Aug 11, 2022 04:14 PM IST

    Tata Consumer will make salt costlier to protect firm's margin from inflation

    Tata Consumer on Wednesday reported its first-quarter earnings with overall a good set of numbers on strong food & beverages business as tea offset inflationary pressures in salt.

  • Toshiba logs surprise quarterly operating loss on higher materials costs Aug 10, 2022 12:07 PM IST

    Toshiba logs surprise quarterly operating loss on higher materials costs

    The loss of 4.8 billion yen ($35.6 million), its first quarterly loss in two years, compares with a profit of 14.5 billion yen a year earlier and a consensus estimate of a 19.4 billion yen profit from four analysts polled by Refinitiv.

  • Lenovo reports flat revenue growth, slowest in eight quarters, as demand wanes Aug 10, 2022 06:23 AM IST

    Lenovo reports flat revenue growth, slowest in eight quarters, as demand wanes

    Total revenue was virtually flat at $16.96 billion for the quarter to end-June, slightly above an average Refinitiv estimate of $16.87 billion drawn from seven analysts. Net income attributable to shareholders rose to $516 million.

  • India's fintech assets likely to grow to $1 trillion by 2030 Aug 09, 2022 01:29 PM IST

    India's fintech assets likely to grow to $1 trillion by 2030

    More than $1 billion worth of investments were made in digital lending in 2021 and the market is expected to grow to $515 billion in book size by 2030, a report by Chiratae Ventures and Ernst & Young says

  • BPCL reports Rs 6,291 crore net loss in Q1 Aug 06, 2022 10:22 PM IST

    BPCL reports Rs 6,291 crore net loss in Q1

    Net loss of Rs 6,290.8 crore in April-June compared with Rs 3,192.58 crore in the same period a year back, the Bharat Petroleum Corporation Ltd (BPCL) said in a statement.

  • Shipping Corp Q1 net profit falls 27.97% to Rs 114.17 crore Aug 05, 2022 09:40 PM IST

    Shipping Corp Q1 net profit falls 27.97% to Rs 114.17 crore

    The company had clocked a consolidated net profit of Rs 158.51 crore in the corresponding period a year earlier, it said in a regulatory filing.

  • Raymond posts Q1 net profit at Rs 82 crore Aug 05, 2022 09:37 PM IST

    Raymond posts Q1 net profit at Rs 82 crore

    The company had posted a net loss of Rs 157.10 crore during the April-June quarter of the previous fiscal, Raymond said in a regulatory filing.

  • LIC Housing Finance Q1 net profit rises multifold to Rs 925.48 crore on lower provisioning Aug 04, 2022 08:58 PM IST

    LIC Housing Finance Q1 net profit rises multifold to Rs 925.48 crore on lower provisioning

    The company had reported a profit after tax of Rs 153.44 crore in the same quarter of the previous fiscal.

  • Spandana Sphoorty posts net loss of Rs 220 crore for June quarter Aug 04, 2022 08:09 PM IST

    Spandana Sphoorty posts net loss of Rs 220 crore for June quarter

    Rural focussed micro-lender Spandana Sphoorty Financial had posted a net profit of Rs 55 crore in the corresponding period of the preceding fiscal.

  • Kalpataru Power Transmission Q1 net profit grows 13% to Rs 88 crore Aug 04, 2022 08:04 PM IST

    Kalpataru Power Transmission Q1 net profit grows 13% to Rs 88 crore

    The consolidated net profit of the company in the year-ago period stood at Rs 78 crore, according to a regulatory filing.

  • Blue Star Q1 net profit rises to Rs 74 crore Aug 04, 2022 07:43 PM IST

    Blue Star Q1 net profit rises to Rs 74 crore

    The company had posted a consolidated net profit of Rs 12.71 crore in the April-June quarter a year ago, Blue Star said in a regulatory filing.

  • Kalyan Jewellers Q1 consolidated PAT at Rs 108 crore Aug 04, 2022 06:40 PM IST

    Kalyan Jewellers Q1 consolidated PAT at Rs 108 crore

    Kalyan Jewellers had posted a loss of Rs 51.30 crore during the corresponding quarter of the previous financial year, the company said in a BSE filing.

  • Alibaba sales better than feared in defiance of economic turmoil Aug 04, 2022 06:08 PM IST

    Alibaba sales better than feared in defiance of economic turmoil

    China’s e-commerce leader reported revenue of 205.6 billion yuan ($30.4 billion) in the June quarter, enough to beat projections for 204 billion yuan. Net income fell 50% to 22.7 billion yuan. Its shares rose more than 3% in pre-market trading in New York.

  • Alibaba revenue beats despite flat growth due to COVID-19 lockdown Aug 04, 2022 05:14 PM IST

    Alibaba revenue beats despite flat growth due to COVID-19 lockdown

    "Following a relatively slow April and May, we saw signs of recovery across our businesses in June....," the company said.

  • Alibaba may witness a decline in earnings for the first time ever; analysts hopeful for recovery in next quarter Aug 04, 2022 12:31 PM IST

    Alibaba may witness a decline in earnings for the first time ever; analysts hopeful for recovery in next quarter

    Alibaba, the Chinese e-commerce juggernaut is anticipated to announce fiscal first-quarter revenue totalling 203.23 billion yuan ($30.05 billion), down 1.2 percent from the year ago period.

  • Starbucks reports record revenue on frothy US demand Aug 03, 2022 07:56 AM IST

    Starbucks reports record revenue on frothy US demand

    The Seattle-based coffee giant exceeded sales expectations despite continuing store closures and reduced hours in China due to coronavirus measures.

  • Airbnb posts Q2 profit of $379 million on record bookings Aug 03, 2022 07:54 AM IST

    Airbnb posts Q2 profit of $379 million on record bookings

    Despite the share-buyback promise, Airbnb's stock fell 9% in extended trading.

  • Robinhood posts 44% slump in revenue, slashes headcount by 23% Aug 03, 2022 06:36 AM IST

    Robinhood posts 44% slump in revenue, slashes headcount by 23%

    The company said it will also undergo an internal restructuring, which will see general managers assume responsibility for individual businesses. That reorganization will cost the firm between $30 to $40 million, Robinhood disclosed in a filing.

  • Apple faces lukewarm demand in China after quarterly revenue drop: Analysts Jul 29, 2022 11:10 AM IST

    Apple faces lukewarm demand in China after quarterly revenue drop: Analysts

    The iPhone maker on Thursday reported quarterly revenue in Greater China fell 1%, snapping a streak of strong quarters in the region.

  • CIL earns revenue worth over Rs 1.52 lakh crore from coal sales in FY'22: Govt Jul 27, 2022 05:40 PM IST

    CIL earns revenue worth over Rs 1.52 lakh crore from coal sales in FY'22: Govt

    Coal India (CIL) earned revenue by selling 661.89 million tonnes of coal in the last fiscal year.

  • Global chip sales will hit major resistance in 2022, warns Gartner Inc Jul 27, 2022 01:53 PM IST

    Global chip sales will hit major resistance in 2022, warns Gartner Inc

    Gartner is projecting a contraction in semiconductor revenue for 2023, and a sizeable slump in sales growth this year. As consumer demand stares at a slowdown, chip makers are betting that automotive and cloud infra could cushion the fall.

  • Microsoft soothes market fears with forecast for strong revenue growth Jul 27, 2022 06:28 AM IST

    Microsoft soothes market fears with forecast for strong revenue growth

    The strong outlook shows Microsoft continues to benefit from the pandemic-led shift to hybrid work models and comes at a time when investors are bracing for an economic downturn, with inflation roaring and consumers cutting spending.

  • Regulators need to encourage adoption of Account Aggregator standard: Parliament Panel Jul 26, 2022 10:34 PM IST

    Regulators need to encourage adoption of Account Aggregator standard: Parliament Panel

    The Standing Committee on Finance headed by BJP leader Jayant Sinha said MSME financing could be vastly expanded and better targeted through an integrated digital ecosystem.

  • Auto component industry to see 9-11% of revenue from EV parts by 2027: Report Jul 26, 2022 05:03 PM IST

    Auto component industry to see 9-11% of revenue from EV parts by 2027: Report

    This growth will come even as the supply of parts for the conventional internal combustion engine-driven vehicles will also grow during the period, it said.

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