Q3 NET PROFIT OF BANK OF INDIA RISES TO RS 541 BILLION

HIGHLIGHTS

• In Q3, the net profit of Bank Of India rose to ? 541 billion.
• Regarding asset quality, gross NPAs stood at ? 54,997 billion as on 31 DEC 2020.
• In SEP 2020, gross NPAs stood at ? 56,232 billion.
• In DEC 2019, gross NPAs ...

RELIANCE COMPLETES SPIN-OFF OF O2C UNIT

HIGHLIGHTS

• Reliance has begun the enhancement of its O2C unit.
• Mukesh Ambani has many strategic partnership on the cards.
• Reliance reported the integrated earnings of the O2C business in its third quarter financial results.

U.S. ECONOMY GROWS AT A RECORD PACE IN Q3

Highlights

• The Commerce Department in its third estimate of GDP said the gross domestic product managed to rebound at an annualized rate of 33.4 percent in the last quarter

• This growth of the crippling American economy will be fuelled by over $3 trillion in pande...

SAMSUNG ELECTRONICS AND LG ELECTRONICS LEAD GLOBAL TV MARKET IN FACE OF PANDEMIC

• Samsung Electronics became the largest TV manufacturer in the world today in third quarter of 2020. LG Electronics came second with increased sales, beating Chinese companies.
• According to global market research company Omdia, a sum total of 62.87 million TV units, all valued a...

WALMART SEES 56.2% RISE IN Q3 PROFITS

Highlights

• Walmart’s net income zoomed 56.2 percent to $5.1 billion as compared to same period last year, following a spike of 5.2 percent in sales to $134.7 billion in the quarter that ended on October 31

• Walmart said its third quarter US e-commerce sales ...

SK HYNIX CONCLUDES ROBUST Q3 GROWTH AMIDST PANDEMIC-LED SLOWDOWN AND PRICE DROP

• SK hynix, colossus memory supplier rounded off the year posting a staggering175 % on-year in its operating profit in the third quarter of this year, despite sluggish market conditions including reductions in prices and the COVID-19 pandemic.
• As per its industry profits results ...

MOON JAE-IN: ALL MEASURES WILL BE TAKEN TO RECOVER SOUTH KOREA’S RECESSION-HIT ECONOMY

Highlights:

• South Korea President Moon Jae-in announced on Monday that the government will use every possible measure to revive South Korea’s recession-hit economy in the third quarter (Q3). 
• Asia’s fourth-largest economy has been in ...

STARBUCKS LOST UP TO $2.2 MILLION IN OPERATING INCOME; $3 BILLION PLUS LIKELY Q3 LOSES

Highlights:

• 95% of the American Starbucks stores were working during the pandemic
• The operations were primarily pickups and drive-through

The Seattle based global coffee house chain Starbucks was shuttered partially during the pandemic. Though the br...

APOLLO TYRES SHARES ON A RISE

Highlights:

• On Wednesday, Apollo Tyres Ltd’s shares have surged by 4.2% on NSE.
• Ebitda has hiked by 90 basis points that account for a rise of 12.1%.
• Sales of Apollo tyres have gone up for the present quarter.

On Wed...

Q3FY20 does not hold any good expectations for FMCG firms

To Indian fast-moving consumer goods (FMCG) firms, the September quarter did not offer much respite, although some companies managed to do better than others.

Another quarter down the lane (Q3FY20), investors would do well to keep expectations low as demand recovery hopes have not been ...

FMCG companies volume growth expected to be the slowest in the coming ten quarters

FMCG ( Fast moving consumer goods ) companies, posted a Q3 volume performance in the months of July to September period. The results showed an expected worse showing during the month of December 2019, the quarter Q3.

The average volume growth for the 8 major listed companies was also es...

Earning predictions of IT firms for the third quarter

For IT firms, the financial year’s Q3 continues to be seasonally frail. But it also defines the movement for the remaining year. It is predicted that IT firms will reveal muffled amounts, because of furlough. There has also been given a guide to the way the deal will flow this year.

Samsung's results of Q3

Samsung is a huge name in the tech industry as we all are familiar with. The company has been facing some slowdown in revenue generation and this is shown in the company’s latest financial report of the third quarter of the financial year of 2019.

Samsung Electronics has announced...