Exxon Mobil, Chevron Shares Rise As Q3 Profits Beat Estimates

Oil majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) on Friday reported sharp increase in third-quarter profits from last year on strong revenue growth that reflected higher crude oil prices. Exxon Mobil’s revenues and adjusted earnings as well as Chevron’s earnings beat analysts’ expectations, while Chevron’s revenues missed their estimates. Shares of both companies are rising in pre-market activity. […]

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MRF net slips 12.29% on rising material cost

Board approves reappointment of K.M. Mammen as MD Tyre maker MRF has reported a 12.29% drop in its standalone net profit for the second quarter ended September 2018 at ₹263.04 crore against ₹299.92 crore due to increase in raw material costs. Total income grew by 9.41% to ₹4,004.85 crore against ₹3,660.22 crore registered for the corresponding year-ago period. Materials cost, […]

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Supreme Court rejects net neutrality appeal

The Supreme Court has ended the court fight over repealed Obama-era "net neutrality" rules that required internet providers to treat all online traffic equally. Continue Reading Below The court on Monday rejected appeals from the telecommunications industry seeking to throw out a lower court ruling in favor of the "net neutrality" rules. The Federal Communications Commission under President Donald Trump […]

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ITC Q2 net profit up 12% to Rs 2,955 crore

Total income during the reported quarter stood at Rs 11,776.63 crore as against Rs 10,258.13 crore in the year-ago period Diversified group ITC Friday reported 11.92 per cent rise in standalone net profit at Rs 2,954.67 crore for the second quarter ended September 30, led by strong performance across segments like cigarettes FMCG, and agribusiness. The company had posted a […]

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TVS Motor posts flat net

Revenue grows by 21.9% to ₹4,994.21 cr. in second quarter TVS Motor Company reported a lower profit after tax (PAT) of ₹211.3 crore for the second quarter ended September, 2018, down from ₹ 213.2 crore in the same quarter the previous year. The company said its revenue had grown by 21.9% during the quarter under review at ₹4,994.21 crore, up […]

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Chinese Electric Scooter Maker Niu Technologies Files For IPO

Niu Technologies, a Chinese startup that makes electric scooters, has filed for an initial public offering in the U.S. On Monday, Niu Technologies filed for a $150 million IPO with the U.S. Securities and Exchange Commission. The company intends to apply for the listing of its American Depositary Shares or ADS on the Nasdaq Global Market under the symbol “NIU.” […]

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L&T first quarter net profit rises 36% to ₹1,215 crore

Revenue grows 18% to ₹28,283 crore following a pickup in project execution Engineering and construction major Larsen & Toubro (L&T) reported a 36% growth in the June quarter net profit to ₹1,215 crore compared with a profit of ₹893 crore in the year-earlier period. Revenue for June quarter grew 18% to ₹28,283 crore on the back of a pickup in […]

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