Tag Archives: results

Why bank stocks are rallying despite dismal Q1 results

The large losses in the March quarter were seen as the final sweep towards a clean balance sheet. Graphic: Mint Banking stocks have been on the rise in the past one month with those of public sector banks gaining the most. Indeed, in some cases, investors have been more gung-ho about a recovery in banks than the bank managements. Look ... Read More »

ITC’s cigarettes business lit up Q1 results but cess hike a wet blanket

In the June quarter, 93% of the increase in ITC’s segment profit over a year ago was contributed by the cigarettes business. Photo: Reuters LATEST NEWS » Elon Musk likened to common car dealer as Model 3 can reach $59,500 India Today group CEO Ashish Bagga steps down Spotify is coming after Apple with a new podcast initiative Nitish Kumar ... Read More »

Vivendi’s quarterly results boosted by its robust music unit

Vivendi (VIV.PA) Chairman Vincent Bollore’s cost savings drive and push into the digital business at the group’s music unit is starting to show benefits, even as he faces growing criticism on his strategy to turn around pay-TV operator Canal Plus. The company reported a quarterly core operating profit that beat estimates on Wednesday, driven by the strong performance of Universal ... Read More »

The Obama administration is now ‘giving full cover to the Russians’ in Syria – and the results are ‘catastrophic’

People inspect the damage at the Medecins Sans Frontieres (MSF)-backed al-Quds hospital after it was hit by airstrikes, in a rebel-held area of Syria’s Aleppo, April 28, 2016. Forces loyal to Syrian President Bashar Assad pounded the Syrian city of Aleppo with airstrikes on Thursday, targeting a hospital and killing at least 55 civilians in a new offensive that is ... Read More »