Posts in category Economic Times
Oil falls for a third day on Middle East ceasefire hopes (01-05-2024)
Oil fell more than 1% on Wednesday, losing ground for a third straight session, sapped by the prospect of a ceasefire agreement in the Middle East and persistent U.S. inflation dampening the expected pace of interest rate cuts.
Pfizer Q1 Results: Co lifts profit view on cost cuts, smaller drop in Paxlovid (01-05-2024)
Pfizer lifted its annual earnings forecast on Wednesday and reported a first-quarter profit above Wall Street estimates, boosted by cost cutting efforts and stronger-than-expected sales of its COVID antiviral treatment.
Yum Brands Q1 Results: KFC parent reports drop in global same-store sales on weak demand (01-05-2024)
Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.
Garmin’s Q1 Results: Company beats St estimates on strong demand for fitness, auto products (01-05-2024)
Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and auto segments, sending its shares up 9.6%.
Five-Star Business Finance Q4 Results: PAT jumps 40% YoY to Rs 236 crore (01-05-2024)
Total disbursements made during the quarter under review grew by 20 per cent to Rs 1,336 crore, from Rs 1,110 crore registered in the same period of last year.
Orient Cement Q4 Results: Net profit rises marginally to Rs 68 crore (01-05-2024)
CK Birla group firm Orient Cement Ltd on Wednesday reported an increase of 1.21 per cent in net profit to Rs 68.19 crore for the March quarter. The company reported a net profit of Rs 67.37 crore for the January-March period a year ago, Orient Cement Ltd (OCL) said in a regulator filing.
S&P, Nasdaq open lower as investors take cover before Fed decision (01-05-2024)
The Dow Jones Industrial Average rose 29.6 points, or 0.08%, at the open to 37,845.56.
JSL charts Rs 5,400 crore strategic investment plan (01-05-2024)
Company officials said JSL expects its debt to rise by Rs 300-500 crore, over the existing Rs 4,800 crore, by the end of the current fiscal due to the expansion plans. JSL said it will be developing and operating a stainless steel melt shop (SMS) in Indonesia with an annual production capacity of 1.2 MTPA. This will increase the company’s melting capacity by over 40% to 4.2 MTPA at a Rs 700 crore investment.
‘Mkts may extend rally this month on strong domestic eco, current govt’s potential re-election’ (01-05-2024)
Stock markets may continue their winning run in May after registering gains in the past three months as investors' sentiment are upbeat amid India's promising economic growth prospects, the current government's potential re-election in the ongoing polls and robust participation from domestic investors.
Market Trading Guide: PNB, Ashok Leyland among 8 stock recommendations for Thursday (01-05-2024)
UGro Capital on the daily chart reveals a Rectangle Pattern confirming a breakout with a gradual increase in volume bar, signaling buyer dominance.