Business News
Star India, owned by Walt Disney and soon to be merged with Mukesh Ambani’s Viacom18 under Reliance Industries, reported a standalone net loss of Rs 12,548 crore for the financial year that ended on March 31. This was a significant decline from the company’s standalone net profit of Rs 1,465 crore in the last financial … Read more
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Robert Way/iStock Editorial via Getty Images Cybersecurity stocks got a boost on Wednesday as industry stalwart CyberArk (NASDAQ:CYBR) reported stronger-than-expected third-quarter results and guidance. CyberArk shares jumped 7% on the back of its results, while others, such as Fortinet (FTNT), Palo Alto Networks (PANW
Economist and Harvard Business alumnus Harry Dent speaks to Fox News Digital about the market’s post-election rally and why a second Trump administration won’t be able to prevent a still-expected ‘crash of a lifetime.’ The Trump victory-fueled, post-election market rally has investors cheering for now. However, outspoken economist Harry Dent is still bearish about America’s … Read more
By Elisa Anzolin MILAN (Reuters) – Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry’s customer base, according to consultancy Bain & Company. In its closely-watched report on the 363-billion-euro ($386 billion) market, Bain estimated … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Underperforming NHS hospitals will be publicly shamed in league tables and failing health bosses will be sacked, UK health secretary Wes Streeting will warn in a speech to sector leaders on Wednesday. Addressing the NHS … Read more
Swedish payments firm Klarna Group Plc has filed for an initial public offering in the US, ending months of speculation that the company was readying a stock market listing. Klarna confidentially submitted a draft registration statement to the Securities and Exchange Commission regarding the IPO, it said in a statement. The number of shares to … Read more
In an unexpected show of companionship, food-tech delivery giant Zomato has publicly congratulated its rival, Swiggy, on the successful listing of its initial public offering (IPO). The gesture comes in the wake of Swiggy’s debut on the stock market, where it received a warm reception from investors. Zomato shared its goodwill message on social media, stating, … Read more
(Bloomberg) — A surge in bitcoin (BTC-USD) has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto. Most Read from Bloomberg The digital asset is up about 30% in the wake of Trump’s Nov. 5 election victory, hitting a record of $89,968 on Tuesday, based on data compiled … Read more
Earnings Snapshot: Alcon reports mixed Q3 results; lowers FY24 outlook below estimates