The Boeing Co. is an American multinational company that designs as well as manufactures and sells airplanes, rotorcraft, rockets, satellites etc through the worldwide. On Thursday the Boeing Company told that it doesn’t have any plan to seek federal aid after raising a whopping $25B in a bond offering,...
ICICI Bank ;the largest private company of country, on Saturday reported 26% rise in its net profit at ₹1,221Cr for the quarter by March 31 2020. The lender's net profit in year ago period was ₹969 Crore. The lender missed the average estimate of ₹3,510.50 crore made by 16...
ICICI Lombard hasbeen posted a 23.8 percent rise in March quarter profits at Rs 281.93 crore due to a reduction in underwriting losses as the private insurer’s premium income dropped both for the quarter and full financial year. The loss reduced about Rs 29.42 crore in Q4FY20 as compared...
The country’s largest lender State Bank of India (SBI) on Thursday reduced its Marginal Cost of Funds based Lending Rate (MCLR) by 15 basis-points (bps) across all the tenors. With this reduction the one year MCLR will be around 7.25% with effect from May 10. State Bank of India...
Tesla has not been given the green light to open factory in Fremont, Calif. Alameda County Health Officer Dr. Erica Pan said in a videostreamed town hall meeting on Friday. Tesla made a plan to open as early as Friday in defiance of the county’s extended stay at home...
The Indian rupee rose 10 paise to close at 75.63 against the US dollar on Tuesday, during higher domestic equity markets and gains in some Asian currency on increased risk appetite for following easing Sino-US trade war concerns. The US dollar declined against major Asian currencies and the euro...
Tesla Inc. is an American electric vehicle company situateded in California. Recently Tesla shares stumbled after its CEO Elon Musk tweeted on Friday that the company's stock price was “too high”, triggering a free fall in stock prices. According to the report, Tesla shares fell nearly about 12% in...
IndiGo denied that it was seeking to acquire Virgin Australia. The Australian Financial Review reported on Monday that it was putting together a proposal to bid for the bankrupt airline. IndiGo has not formulated any such proposal and neither does it have any interest in this matter, the airline told...
Washington (AFP) - Hard-hit by the market defeat encompassing the coronavirus pandemic, Berkshire Hathaway, the holding organization of Warren Buffett, has detailed first-quarter overall deficits of about $50 billion, it announced Saturday. The organization, situated in Omaha, Nebraska, called the mishap "transitory" however said it couldn't dependably foresee when its...
Hong Kong 's wealth fund ensure the stability of the HK currency suffered a HK$86.1 billion i.e. US$11 billion loss in the first quarter. Its biggest ever, as stocks tumbled globally. The HK$4 trillion fund acts as a backstop to ensure the stability of Hong Kong’s currency and as...