Posts in category Economic Times
Alphabet drops 3% after report that US is mulling Google break-up, drags Wall Street (14-08-2024)
Wall Street indices showed mixed results on Wednesday. Alphabet fell 3.6% following reports of a possible breakup by the U.S. Department of Justice, affecting the Nasdaq. Moderating inflation kept hopes alive for a Federal Reserve rate cut in September. The S&P 500 and Nasdaq mostly gained, boosted by tech stock rebounds and lower inflation rates.
Even as forex assets surge, RBI continues to buy gold aggressively (14-08-2024)
Foreign currency assets worth $19 billion were added to the stock of reserves in the month of July in one month since certain Indian government bonds were included in the JP Morgan bond index.
Reliance Infra Q1 Results: Net loss narrows to Rs 69 crore (14-08-2024)
Reliance Infrastructure Ltd on Wednesday said its consolidated net loss narrowed to Rs 69.47 crore in the June 2024 quarter. It had clocked a net loss of Rs 494.83 crore in the year-ago period, the company said in an exchange filing.
Tencent Q2 Results: Revenue rises on gaming business recovery (14-08-2024)
China's Tencent Holdings reported an 8% rise in second-quarter revenue on Wednesday, driven by a recovery in its gaming business after a launch of a new mobile game in May that got off to a strong start.
Mars to acquire Pringles maker Kellanova for nearly $36 bn (14-08-2024)
M&M's and Snickers maker Mars said Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement set to result in a new industry giant. This would bring two new billion-dollar brands, Pringles and Cheez-It, into its business.
Oil prices tick down after surprise rise in US crude stockpiles (14-08-2024)
Oil prices edged lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries that a wider Middle East conflict could threaten production in one of the world's major regions for crude production eased slightly.
Asian Paints, Cummins India among 4 stocks with short covering (14-08-2024)
Short covering signals a shift from extreme bearishness to bullishness.
UltraTech Cement, RBL Bank among 5 stocks with long unwinding (14-08-2024)
Sometimes stocks owned for a longer period are sold either to book profit or to exit it in anticipation of impending bearishness.
Glenmark Q1 Results: Net profit doubles to Rs 340 crore (14-08-2024)
Glenmark Pharma net profit doubled to Rs 340 crore crore in Q1FY25 led by robust sales growth in India and Europe and reduction in finance, depreciation and ammortisation costs.