Business

Reliance Industries, Titan Company, L&T Finance

After gaining for four straight sessions, Indian benchmark indices are trading lower in the pre-opening session amid mixed global cues on Friday, April 30. At 09:02 IST, the BSE Sensex was down 189.42 points or 0.38 percent at 49,576.52, while the Nifty was down 149.50 points or 1.00 percent at 14,745.40. Top stock to look […]

Business

U.S. companies are beating profit estimates at record rate

While it’s still early in the earnings period, a record percentage of first-quarter profit reports from major U.S. companies are coming in above analysts’ expectations. Earnings are rebounding from last year’s pandemic-fueled lows, but many companies were holding off on giving guidance, making it harder for analysts to estimate results for this year. Some strategists […]

Business

Facebook begins testing ads in Instagram Reels

Facebook Inc (FB.O) on Thursday said it will begin testing ads on its TikTok clone Instagram Reels in India, Brazil, Germany and Australia, as the social media giant aims to make money from its short-form video feature. The company is seeking to capitalize on its popularity in India, a fast-growing social media market, while rival […]

Business

SBI Will Not Freeze Accounts if KYC Not Updated; Customers Need Not Visit Bank

In a bid to provide relief to thousands of customers amid coronavirus pandemic, the State Bank of India said on Saturday that the bank will not ask the customers to visit the branches for updating Know Your Customer (KYC) details. The bank customers can send the necessary details via post or registered email to update […]

Business

Reliance Industries Q4 Results: Net Profit Doubles to Rs 13,227 Crore

Reliance Industries on Friday reported a 108.4% year-on-year increase in consolidated net profit to Rs 13,227 crore for the quarter ended in March. The oil-to-telecom conglomerate posted a net profit of Rs 6,348 crore during the same period last year. Revenue from the operations rose 11% year-on-year to Rs 1,54,896 crore during the fourth quarter […]

Business

Tesla CEO Musk puts $100 mln jolt into quest for carbon removal

Billionaire entrepreneur Elon Musk on Thursday offered inventors $100 million in prize money to develop ways to fight global warming by removing carbon dioxide from the atmosphere or ocean. “Right now we’ve only got one planet,” said Musk, CEO of electric carmaker Tesla Inc (TSLA.O). “Even a 0.1% chance of disaster — why run that […]

Business

Mattel mulls tapping into NFT craze after Barbie drives quarterly sales

Mattel Inc (MAT.O) will consider turning its collector brands into non-fungible tokens (NFTs), the toymaker said after posting a record 47% surge in quarterly sales as Americans snapped up Barbie dolls and Hot Wheels cars in the usually slow post-holiday months. NFTs, a type of digital asset that exists on a blockchain, have exploded in […]