Nov. 8, 2021 — A leaked trove of papers from inside Facebook shows that the social media giant’s internal research uncovered a host of problems on the platform related to public health and other issues, but did virtually nothing about it. The files were leaked by a whistleblower, former Facebook employee Frances Haugen, who shared … Read more
Mumbai: Tata Capital, the flagship financial services company of the $103 billion salt-to-aviation Tata Group, is expecting to record its highest-ever profit this fiscal year, after tweaking its loan book to capitalise on rising retail demand and reducing exposure to lumpy corporate loans. Consumer loans and mortgages would top the growth as it aims to … Read more
ET Intelligence Group: Objects in the rear-view mirror are closer than they appear. This standard disclaimer might help explain why Suzuki, which sells one of every two cars running on Indian roads, has struggled lately to stay ahead of galloping input-cost inflation. Margins slumped to a multi-year low in the September quarter at the maker … Read more
HSBC’s pre-tax profit more than doubled on-year in the third quarter, the firm said Monday, as chief executive Noel Quinn declared “the lows of recent quarters are behind us”. In a statement to the Hong Kong stock exchange the banking giant reported pre-tax profit in July-September had jumped from $2.3 billion to $5.4 billion while … Read more
Revenue growth improved to 12% from a drop of 5% in the previous quarter while net profit rose by 2% from a 15% drop by similar comparison. The margin contracted by 320 basis points sequentially. Synopsis The initial trend in second-quarter results show that aggregate sales and profit continue to grow in double digits year-on-year … Read more
NEW DELHI: ‘s September quarter numbers beat Street estimates on all key metrics. Asset quality for the bank improved and fresh provisions also fell. Net interest margin (NIM) improved to 4 per cent while disbursements of personal loans and auto loans were close to March quarter levels. Besides, SME loans soared 44 per cent on … Read more
Asset quality could pose challenges with near-term slippages expected in the retail, SME and microfinance segments. Though analysts said there could be a decline over the June quarter. Synopsis Indian banks’ earnings for the September quarter is likely to see a sharp jump but tempered by higher provisioning in the retail and small and medium … Read more
The bottomline growth may taper given the strong sequential growth in the previous two quarter and rising input costs. Synopsis On a sequential basis, revenue and profit growth in the March 2021 quarter is likely to be 17% and 2% respectively compared with 11.4% and 14.3% in the previous quarter. ET Intelligence Group: The Nifty … Read more
Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world’s second-largest carmaker said on Tuesday, a day after outlining an ambitious electric mobility expansion. “Our good performance in 2020, a year dominated by crisis, will give us momentum for accelerating our transformation,” Chief Executive Herbert Diess said … Read more
NEW DELHI: Britannia Industries is likely to continue its stellar performance from the previous quarters and clock double-digit growth in volume and sales during the June-September period. The cookie marker is scheduled to announce its Q2 earnings on Monday. “Britannia will post 12 per cent revenue growth as demand for biscuits remains high as it … Read more