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4 mins read

After record profits, state-owned fuel retailers Indian Oil, BPCL and HPCL see profit slump in Q1

IOC, BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell an…

PTI   


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1 min read

Chinese Industrial Profits Spike

"Downstream industries generally saw an improvement in profit growth at a faster pace than in May,"…

Mamta Badkar   


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1 min read

RVNL Dec qtr profit slumps 63 pc to Rs 103 cr

However, the income rose to Rs 3,773.13 crore from Rs 3,081.74 crore in the same period a year ago,…

PTI   


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2 mins read

Global corporate profits tanked 33% through 2nd quarter and won't rebound 'anytime soon,' JPMorgan says

The tech and consumer staples sectors suffered the smallest profit slumps, while energy and consume…

Ben Winck   


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2 mins read

As tepid two wheeler sales hurt Bajaj Auto’s profitability, stock slides 4%

Shares of Pune-based two wheeler maker Bajaj Auto slipped 4% on Thursday as investors were disappoi…

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1 min read

Uber stock slumps despite first quarterly operating profit ever

CEO Dara Khosrowshahi said the company achieved its first quarter of operating profit and its first…

Phil Rosen   


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2 mins read

Gucci sales hit by Asia slump, faces profit and stock decline

Gucci, Kering's largest brand, saw an 18% decline in revenue in the first quarter.

Meghan Morris   


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1 min read

Airtel Africa Q2 net profit slumps 9% amid coronavirus woes

The company's revenue for the period under review was $965 million compared with $844 million ea…

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1 min read

Suzlon Energy Q1 consolidated net profit slumps 96% to ₹101 crore

The company's net revenue in the first quarter of this fiscal also came down to ₹ 1,348 crore from …

PTI   


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2 mins read

Bank of America profits slumped 45% as it braces for a surge in bad loans

Revenue rose 2% in the bank's global wealth and investment management division, but net income slum…

Theron Mohamed   


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3 mins read

GAIL's net profit slumps 77 pc due to Russia-Ukraine war: CMD

The standalone net profit plunged 77.5 per cent year-on-year to Rs 603 crore in the fourth quarter …

ANI   


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1 min read

M&M shares drop over 7 pc as Q3 profit slumps

Home-grown auto major Mahindra & Mahindra on Saturday reported 73 per cent decline in consolid…

PTI   


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2 mins read

M&M Q3 profit slumps 73 pc to Rs 380 cr

The unseasonal rains in October 2019 did cause some damage to the kharif crop, but the sentiment i…

PTI   


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2 mins read

Airtel Africa Q3 net profit slumps nearly 21 per cent

New Delhi, Jan 28 () Bharti Airtel's Africa unit, Airtel Africa, on Tuesday posted about 21 per cen…

PTI   


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1 min read

Caterpillar beats, says it sees higher costs ahead

The heavy-equipment maker earned an adjusted $2.86 a share, edging out the $2.85 that Wall Street a…

Jonathan Garber   


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2 mins read

CREDIT SUISSE: China has become a victim of its own success

"With China having added so much capacity recently, and the commodity sectors likely continuing the…

Matthew Nitch Smith   


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1 min read

Disney is getting slammed

The company also slashed its outlook for profits in the cable business. It had expected profit grow…

Akin Oyedele   


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3 mins read

Sports Direct is doing a deal with Mike Ashley's daughter and buying a £40 million plane - all while profits tank

The arrangement is the latest in a string of deals involving Ashley's family members. In August, Sp…

Thomas Colson