Last Updated:November 08, 2024, 18:14 IST LIC Q2 Results: Its net premium income increases 11% to Rs 1.19 lakh crore, compared with Rs 1.07 lakh crore in the year-ago period. LIC Q2 Results. State-owned Life Insurance Corporation (LIC) on Friday reported a 4 per cent drop in its standalone net profit to Rs 7,621 crore […]
The Pakistan Stock Exchange (PSX) continued its upward momentum on the last business day of the week, as the KSE-100 index surged by 619 points, reaching an all-time high of 93,140.26 points as of 1:00pm during intra-day trading. The KSE-100 index climbed 619.78 points, or 0.67%, hitting the record level of 93,140.26 during intra day […]
Last Updated:November 08, 2024, 15:47 IST Union Petroleum Minister Hardeep Singh Puri says India’s decision to purchase oil from Russia amid global challenges helped avert a potential spike in global crude prices. Hardeep Singh Puri projects a more stable pricing environment by 2026, attributing this to increased energy availability. Union Petroleum and Natural Gas Minister […]
The institutional investor portion of Swiggy’s $1.4-billion initial public offering (IPO) reached full subscription on the final day of the sale on Friday, though the overall subscription stood at 79 per cent. The IPO set aside almost three-quarters of its allocation for institutional investors, while the retail investor portion remains partially unsubscribed.Swiggy’s IPO garnered a […]
Bengaluru: At least 200 women entrepreneurs in India are poised to raise an estimated Rs 850 crore ($100 million) from investors, helping to expand businesses and create new jobs, Goldman Sachs announced on Friday. According to Union Minister for Commerce and Industry Piyush Goyal, the ‘Goldman Sachs 10,000 Women’ initiative highlights the untapped potential in […]
Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US. The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced by a fifth. […]
Last Updated:November 08, 2024, 00:54 IST The adviser cautioned that US President-Elect Donald Trump could always change his mind, but his present view is that Powell should remain atop the central bank. President-elect Donald Trump appointed Jerome Powell to lead the Federal Reserve in November 2017. President-elect Donald Trump remains likely to allow Federal Reserve […]
Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here is how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99 cents adjusted vs. a loss of 92 cents expected Revenue: $874 million vs. $990 million expected […]
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group slightly beat Wall Street’s third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of […]
Getty Images The US central bank has cut its key interest rate again as Donald Trump’s election as president raises new uncertainty about the future for borrowing costs. The cut puts the Federal Reserve’s lending rate in the range of 4.5%-4.75%. It marks the second drop in a row after the Fed lowered rates for […]
