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ICICI Bank quarterly profit falls 28%

October 26, 2019 by cbn Leave a Comment

ICICI Bank quarterly profit falls 28%

India’s second-largest private-lender, ICICI Bank , reported a 28% fall in net profit in the quarter ended Sept. 30 due to a one-time charge related to deferred taxes.

Filed Under: Financial Planning

Amazon sales forecast, slower AWS growth disappoint investors

October 25, 2019 by cbn Leave a Comment

Amazon sales forecast, slower AWS growth disappoint investors

Shares of Amazon.com Inc fell nearly 6% in early trading on Friday, as investors were let down by a lower-than-expected sales outlook and surprised by slower revenue growth at its lucrative AWS cloud business.

Filed Under: Financial Planning

Exclusive: India probe finds AB InBev, Carlsberg, United Breweries colluded on prices – sources

October 25, 2019 by cbn Leave a Comment

Exclusive: India probe finds AB InBev, Carlsberg, United Breweries colluded on prices – sources

The investigations unit of India’s Competition Commission has concluded that Anheuser-Busch InBev , Carlsberg and United Breweries colluded to fix beer prices, two people with direct knowledge told Reuters.

Filed Under: Financial Planning

How SoftBank made WeWork an offer it had to accept

October 25, 2019 by cbn Leave a Comment

How SoftBank made WeWork an offer it had to accept

By Mike Spector, Joshua Franklin, Greg Roumeliotis and Anirban Sen

Filed Under: Financial Planning

Daimler third-quarter operating profit up 8%, boosted by Mercedes sales

October 24, 2019 by cbn Leave a Comment

Daimler third-quarter operating profit up 8%, boosted by Mercedes sales

Daimler reported a slight rise in third-quarter operating profit on Thursday, boosted by sales of Mercedes-Benz cars, sending its shares higher, but announced cost cuts and warned legal provisions tied to diesel litigation could rise.

Filed Under: Financial Planning

India eyes energy deals with Saudi Arabia during Modi’s visit

October 24, 2019 by cbn Leave a Comment

India eyes energy deals with Saudi Arabia during Modi’s visit

India hopes to sign energy deals with Saudi Arabia that include its participation in India’s strategic petroleum reserve, during Prime Minister Narendra Modi’s visit to the kingdom next week, a government official said on Thursday.

Filed Under: Financial Planning

IndiGo reports biggest quarterly loss, cuts expansion targets

October 24, 2019 by cbn Leave a Comment

IndiGo reports biggest quarterly loss, cuts expansion targets

India’s biggest airline IndiGo reported its biggest ever quarterly loss on higher maintenance costs and cut capacity expansion targets, at a time when the industry is grappling with slowing passenger growth in a sluggish economy.

Filed Under: Financial Planning

Google claims ‘quantum supremacy’; others say hold on a qubit

October 23, 2019 by cbn Leave a Comment

Google claims ‘quantum supremacy’; others say hold on a qubit

Google said on Wednesday it had achieved a breakthrough in computer research, by solving a complex problem in minutes with a so-called quantum computer that would take today’s most powerful supercomputer thousands of years to crack.

Filed Under: Financial Planning

Investor revolt torpedoes Swiss Sunrise’s $6.4 billion Liberty Global deal

October 22, 2019 by cbn Leave a Comment

Investor revolt torpedoes Swiss Sunrise’s $6.4 billion Liberty Global deal

Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion £4.94 billion) acquisition of Liberty Global’s Swiss cable business UPC.

Filed Under: Financial Planning

Uniqlo ad sparks protest, parody as South Korea-Japan dispute flares

October 22, 2019 by cbn Leave a Comment

Uniqlo ad sparks protest, parody as South Korea-Japan dispute flares

A commercial by Japanese clothing brand Uniqlo has stirred a consumer backlash in South Korea amid accusations that it mocks victims of wartime forced labour and brothel workers, reopening deep wounds from Japan’s colonial past.

Filed Under: Financial Planning

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