The world’s largest gaming firm, Tencent Holdings by revenue booked a 33.1 billion Yuan ($4.76 billion) profit for the three months through June. That was ahead of an analyst average estimate of 27.56 billion Yuan.
The Nifty PSU Bank index surged 4% on Wednesday. The main cause of the sudden surge is the government consideration of extending the 'ratna' title to state owned lenders like State Bank of India (SBI) and Bank of Baroda.
Public sector lender Central Bank of India reported a 21% rise in its consolidated net profit at Rs 147.21 crore in the quarter ending June. The bank had posted a net profit of Rs 121.61 crore during the same quarter a year ago.
JMC Projects announced that it has won Rs 1,169 crore infrastructure project in South India. This caused a 8% surge in the share price in morning trade on August 12.
Bombay Stock Exchange (BSE) said it has joined hands with two bullion trade associations for deepening the commodity derivatives market in the country. BSE has signed a Memorandum of Understanding (MoU) with Akola Sarafa Association and Akola Sarafa Va Suvarnakar Yuva Sangh.
Google India launched a new feature which will allow users in India to create 'People Cards', which would act like virtual visiting cards, making it easier for them to build an online presence and discover others.
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended two senior executives of AirAsia India for a period of three months over "safety violations".
The Committee on vaccine administration under the chairmanship of NITI Aayog member Dr V K Paul will meet on August 12 to consider aspects of procurement and administration of COVID-19 vaccine.
Amazon India witnessed greater participation of buyers and sellers from smaller cities and towns during its two-day ‘Prime Day’ sale event, keeping in line with the surge in online sales since the start of decade. The e-commerce giant said the Prime Day event this year saw more than twice as many customers signing up for its premium 'Prime' membership compared with 2019, with over 65% of new members from outside the top 10 metropolitan cities.
Equity mutual funds in India faced their monthly net outflows in July, first time in more than two years as investors continue to cash out and redeem their units. Equity and equity-linked schemes witnessed an outflow of Rs 2,480 crore in July compared with an inflow of Rs 241 crore in the previous month (June), according to data released by the Association of Mutual Funds in India (AMFI).
Vodafone Idea Ltd. fate is based on to today’s Supreme decision on the issue of tenure of payment of Adjusted Gross Revenue (AGR) dues. Its AGR dues is Rs 58,200 crore (the highest among all telecom companies).
The stock fell 4.6% on Monday, approaching Friday’s lowest level, before finishing morning trade down 3.3%. Tencent lost $35 billion of market value to end last week.
A Pakistani intruder was shot dead by the personnel of the Border Security Force (BSF) along the India-Pakistan international border in Rajasthan’s Barmer district late on Friday.
Tesla Chief Executive Officer Elon Musk has been accused of defaming a long-time critic of the company and triggering an online hate campaign against him.
Bata India Ltd on Friday reported a consolidated net loss of Rs 100.88 crore for the first quarter ended June 2020 as sales were struck down by lockdown.
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