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Samsung Electronics’ quarterly profit more than tripled to a record high after global demand for AI servers sharply lifted memory chip prices. South Korea’s largest company reported a preliminary operating profit of $13.8 billion in the three months through Dec, up 208% and beating the average estimates that analysts projected. Bloomberg Source link
NEW DELHI: Parle Agro, which owns popular beverage brands such as Frooti, Appy, SMOODH and Bailley, has recorded a multi-fold growth in its consolidated net profit at Rs 115.38 crore in FY25, while revenue rose 5 per cent to Rs 3,284.13 crore. Its total income, which includes other income, was at Rs 3,370.14 crore, up…
The devotional drama ‘Laalo – Krishna Sada Sahaayate’ continues to rule the Gujarati regional box office success. Directed by Ankit Sakhiya, the film features Karan Joshi, Reeva Rachh, and Shruhad Goswami in the lead roles. The film which is receiving praise all over the nation, is also doing extremely well abroad.As reported by News 18,…
Newly listed eyewear retailer Lenskart reported a strong first quarter as a public company, with operating revenue rising 21% year-on-year to Rs 2,096 crore for July–September. Improved operating leverage also pushed net profit up 20% to Rs 103 crore, while Ebitda climbed 44% to Rs 414 crore from Rs 287 crore a year earlier. India…
NEW DELHI: Singapore Airlines (SIA) has seen its profit for the first half this year fall 68 per cent “notably” due to losses of Air India and some other factors. Owned 25.1 per cent by SIA and the rest by Tata Group, Air India group had lost Rs 9,568.4 crore in FY 2025. SIA said…
Japan’s SoftBank Group Corp has sold its stake in US chipmaker Nvidia for $5.8 billion, signalling a strategic pivot toward artificial intelligence investments, particularly in OpenAI, the company said on Tuesday, AP reported. The tech conglomerate also reported that its profit nearly tripled in the first half of the current fiscal year, driven by strong…
FSN E-Commerce, the parent company of fashion and beauty retailer Nykaa, on Friday reported a multifold rise in consolidated net profit to Rs 34.4 crore for the September quarter, up from Rs 10.04 crore in the same period last year.Revenue from operations rose 25.1% year-on-year to Rs 2,345.98 crore, compared to Rs 1,874.74 crore a…
Shares of State Bank of India (SBI) are witnessing renewed investor optimism following its strong September-quarter performance, prompting top brokerages to raise their price targets by as much as 20% over the next year.Analysts said the lender’s steady profit growth and improving asset quality have strengthened investor confidence, while derivatives data indicated fresh bullish positions…
AstraZeneca reported a sharp rise in quarterly profit on Thursday, with strong US growth and robust sales of cancer drugs driving a 77% year-on-year jump in net earnings to $2.53 billion for the third quarter.The British pharmaceutical major said group revenue grew 12% to $15.2 billion, led by oncology treatments that now account for nearly…
Life Insurance Corporation of India (LIC) has delivered another strong quarterly performance, with higher premium income and expanding assets driving a 31% year-on-year rise in consolidated net profit to Rs 10,098 crore for the September quarter.The state-run insurer’s premium income rose 5.5% to Rs 1,26,930 crore from Rs 1,20,326 crore a year earlier, even as…
