A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors’ focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming out. 1/ WILL THEY, WON’T THEY? Hints of whether the Fed still expects interest rate … Read more
Australians are paying more than ever at the fuel bowser as a weak Australian dollar collides with rising crude prices, new data shows. The average price of 91 octane unleaded has soared to 217.92 cents per litre in Melbourne, Sydney, Brisbane, Adelaide and Perth, according to Compare the Market data, breaking the $2.17 record set … Read more
Mumbai: Analysts at most top brokerages reduced or retained their share price targets on Bajaj Finance after the company’s March quarter results showed net interest margins are under pressure, raising concerns over its near-term outlook. The stock fell 7.7% Friday to close at ₹6,731. The average analyst price targets on Bajaj Finance after the fourth … Read more
NEW YORK, – U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet’s first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped 10% and reached a … Read more
New Delhi: Maruti Suzuki India, the country’s largest carmaker, Friday reported record revenue, profit and vehicle sales for the quarter as well as the financial year ended March, helped by robust demand for higher-margin sport utility vehicles (SUVs). Lower commodity prices and a cost-cutting drive also aided the financials of the carmaker which has popular … Read more
Mumbai: Bajaj Finserv reported a 20% increase in net profit for the quarter to March to ₹2,119 crore, from ₹1,769 crore a year earlier, mainly on account of an increase in profit at its non-banking finance arm, Bajaj Finance. The holding company of various financial services within the Bajaj group proposed a dividend of ₹1 … Read more
Mumbai: Shares of Tech Mahindra jumped 7.6% as optimism around the company’s three-year growth roadmap outshone concerns over near-term profitability as reflected in the fourth-quarter results, which missed analyst estimates. The stock closed at ₹1,280 and emerged as the top gainer in Nifty on Friday, but the average share price targets mostly suggest limited upside … Read more
(NewsNation) — China plans to pay drivers almost $1,400 to replace their old cars with new energy-efficient ones after the country’s electric vehicle sales slowed to start the year. Consumers can receive up to 10,000 yuan, roughly $1,380, depending on the type of car they replace, China’s Ministry of Commerce and other departments said in … Read more
The listed family home where Captain Sir Tom Moore walked laps of his garden to raise millions of pounds for the NHS during the Covid pandemic has gone on sale for £2.25m. The sight of the 99-year-old war veteran walking lengths of his garden, aided by a walking frame, charmed Britain in lockdown and raised … Read more
(NewsNation) — One of the world’s largest consulting firms is under a Department of Justice investigation for its role in advising companies on how to promote opioids. The criminal investigation into McKinsey & Company was years in the making and the prosecutors are examining advice given to pharmaceutical companies on how to market the highly … Read more
