Paytm, the popular Indian digital payments company, has reported a 7.5% increase in revenue from operations in the second quarter of FY24. The company’s revenue reached ₹2,518 crore, compared to ₹2,341 crore in the first quarter. Overall, Paytm’s revenues grew by 32% year-on-year. During the second quarter, Paytm distributed loans worth ₹16,211 crore through its…
JSW Steel, part of the O P Jindal Group and a leading steel-producing company in India, has reported a consolidated net profit of Rs 2,773 crore for the July-September quarter. This is a significant improvement from the loss of Rs 915 crore suffered in the same quarter last year. According to a regulatory filing, JSW…
iPhone sales in India reached a milestone during the first week of festive sales, crossing 1.5 million units. This marks a 25% increase in sales compared to the previous year, according to a report released on Friday. The overall smartphone sales during the festive season also grew by 25% in terms of value, driven by…
India’s FMCG giants are facing challenges in an increasingly competitive market with weak consumer sentiment and rural demand. Smaller, unorganized players are growing at a faster rate, affecting the mass-segments of soaps, detergents, and tea. Hindustan Unilever (HUL), the major FMCG player, experienced a 4% growth in profit and revenues, but its volumes only grew…
Title: Jharkhand Chief Minister Hemant Soren Faces Impending Non-Bailable Warrant as ED Investigates Land Mining Scam Date: [Insert Date] By: Pierre Herubel Image Source: News18.com Jharkhand Chief Minister Hemant Soren may face a non-bailable warrant if he fails to appear before the Enforcement Directorate (ED) on September 23. The ED is investigating a land mining…
Hindustan Unilever Ltd experienced a drop in shares by over 2% on Friday following the announcement of a slight decline in consolidated net profit for the second quarter ending on September 30. The stock fell to Rs 2,495.10 on the BSE. In its recent report, Hindustan Unilever stated a marginal decline in consolidated net profit…
Supply-Chain Reliability Issues Plague Wind Energy Giants Ahead of Quarterly Earnings Reports As major players in the wind energy sector prepare to release their quarterly earnings reports, concerns over supply-chain reliability have taken center stage. Siemens Energy made headlines earlier this year when it abandoned its profit forecast and issued a warning about costly failures…
US Soldier Faces Multiple Charges Including Desertion and Child Pornography By Pierre Herubel In a shocking turn of events, the US Army has charged Private Travis King with a range of crimes, including desertion, assault against fellow soldiers, and solicitation of child pornography. The charges, which have not been previously reported, came to light through…
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Title: Stock Futures Dip as 10-Year Treasury Yield Rises, SolarEdge Shares Tumble In a recent market development, stock futures dipped on Thursday evening due to the focus on a surge in the 10-year Treasury yield. Futures tied to the Dow Jones Industrial Average were down 0.09%, while S&P 500 futures fell nearly 0.2% and Nasdaq…
