third quarter

Indian Overseas Bank saw its market capitalization nearly double during July-Sep quarter

by
Indian Overseas Bank saw its market capitalization nearly double during July-Sep quarter

91.60 percent gain propelled the state-owned lender to the eighth place in the top 20 Indian banks by market capitalization as of September 30, from rank 14 three months ago. Five other public sector banks rose in the market cap rankings over the previous quarter. Central Bank of India‘s market cap grew 76.59 per cent … Read more

Apple sees sales slump continuing, shares drop 2%

by
Apple sees sales slump continuing, shares drop 2%

Apple forecast a sales slump would continue into the current quarter, sending shares down despite beating Wall Street sales and profit targets in the fiscal third quarter. Apple shares dropped about 2% after the mixed results and outlook. Strength in services drove the profit beat in the third quarter, but weaker than expected sales of … Read more