JPMorgan Chase posted third-quarter results that topped estimates for profit and revenue as the company generated more interest income than expected. Here’s what the company reported: Earnings: $4.37 a share vs. $4.01 a share LSEG estimate Revenue: $43.32 billion, vs. $41.63 billion estimate JPMorgan said profit fell 2% from a year earlier to $12.9 billion, […]
New Delhi: India’s net direct tax collection for the financial year 2024-25 has seen a significant surge, with an increase of 18.35 per cent to almost Rs 11.26 lakh crore year on year, as of 10 October, the data from the Central Board of Direct Taxes (CBDT) shows. The gross collection of direct tax grew […]
India’s foreign exchange (Forex) reserves stood above $700 billion for the second-consecutive week, data from the Reserve Bank of India (RBI) showed on Friday. The foreign reserves stood at $701.18 billion as of October 4, a drop of $3.71 billion from the previous week, according to the RBI’s weekly bulletin. The country’s Forex reserves of […]
Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. Eric Gaillard | Reuters Less than two years after NBCUniversal fired Jeff Shell for alleged sexual harassment, the former CEO is close to finding himself back in the saddle leading a storied […]
India’s industrial production contracted mainly due to poor showing by the mining and power generation sectors. The IIP growth rate for the month of August 2024 is (-) 0.1 per cent, which was 4.7 per cent in the month of July 2024 India’s industrial production contracted 0.1 per cent in August, mainly due to poor […]
Ratan Tata was the chairman of the Tata Sons between 1991 and 2012. During the 1990s decade, Tata Steel faced financial crisis and existential issue due to high wage bills, global competition due to liberalisation and hostile takeover fears following economic reforms. Ratan Tata, the former chairman of Tata Sons who passed away on late […]
New Delhi: Noel Tata, the half-brother of Ratan Tata has been appointed as the new Chairman of Tata Trusts, a key entity overseeing the governance of the Rs 30 lakh crore Tata Group empire. The decision to name Noel Tata as the new leader was made unanimously during a meeting in Mumbai on Friday. He […]
Courtesy of Tesla, Inc Tesla boss Elon Musk has unveiled the firm’s long-awaited robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. The futuristic-looking vehicle featuring two wing-like doors and no pedals or steering wheel deposited Mr Musk in front of an audience eager to hear details about a project he considers key […]
The UK returned to growth in August but the “broader picture” is one of a “slowing” economy in recent months, the official statistics body has said. A bounce back in construction and strong month for accountancy, manufacturers and retail businesses helped boost the economy by 0.2%, after it failed to grow in the previous two […]
Tata Trusts may meet today in Mumbai to discuss succession, Bloomberg has reported citing sources. The meeting follows the passing away of Ratan Tata, former chairman of Tata Sons and a driving force behind the philanthropic organisation, on October 9 at the age of 86. Ratan Tata, who was laid to rest on October 10 […]