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Results for L&T’s first quarter: Potential 25% YoY increase in net profit to $2,130 crore; possible share repurchase-thumnail

Results for L&T’s first quarter: Potential 25% YoY increase in net profit to $2,130 crore; possible share repurchase

On Tuesday, July 25, the infrastructure juggernaut Larsen & Toubro (L&T) is scheduled to release Q1 earnings. On the strength of a large order book, the firm is anticipated to

Business

Jul 25, 2023

Argentina Nears Staff Level Agreement with IMF Amidst Financial Crisis-thumnail

Argentina Nears Staff Level Agreement with IMF Amidst Financial Crisis

In the midst of a severe financial crisis, Argentina is on the verge of finalizing a staff-level agreement with the International Monetary Fund (IMF) over a review of the country’s $44 billion loan with the institution.

Economy

Jul 24, 2023

US junk loan market hits by flurry of credit downgrades-thumnail

US junk loan market hits by flurry of credit downgrades

As rising borrowing costs put pressure on companies who are heavily indebted with floating-rate debt, the $1.4 trillion hazardous corporate loan market in America has been rocked by the largest

Finance

Jul 24, 2023

US plans water heater standards that will save consumers $11 billion-thumnail

US plans water heater standards that will save consumers $11 billion

The U.S. Department of Energy proposed energy efficiency guidelines for water heaters on Friday, claiming that doing so would result in yearly consumer savings of $11.4 billion on energy and

Business

Jul 22, 2023

Russia’s Central Bank Surprises with Significant Interest Rate Hike Amid Inflation Pressure-thumnail

Russia’s Central Bank Surprises with Significant Interest Rate Hike Amid Inflation Pressure

In a surprising move, the Central Bank of Russia hiked its key interest rate by 100 basis points to 8.5% on Friday, a decision aimed at curbing inflationary pressures in

Economy

Jul 22, 2023

American Air Offers to Increase Pilot Deal by $1 Billion-thumnail

American Air Offers to Increase Pilot Deal by $1 Billion

American Airlines Group Inc. has boosted the amount of the contract offer it is making to its pilots by more than $1 billion in an effort to win their approval

Business

Jul 22, 2023

Go Airlines (India) Ltd Faces 240 Billion Rupee ($2.9 Billion) Claims Amid Ongoing Insolvency-thumnail

Go Airlines (India) Ltd Faces 240 Billion Rupee ($2.9 Billion) Claims Amid Ongoing Insolvency

Go Airlines (India) Ltd, the parent company of Go First carrier, has been dealing with a challenging situation as it faces insolvency. The airline recently received claims amounting to 240

Finance

Jul 22, 2023

Paytm reports 39.4 percent increase in revenue to Rs 2,341 crore in Q1 results-thumnail

Paytm reports 39.4 percent increase in revenue to Rs 2,341 crore in Q1 results

Paytm, the payments company has shown growth, in Q1 with a remarkable 39.4% increase in revenue to Rs 2,341 crore. The company’s losses have also decreased by 45% highlighting its

Finance

Jul 22, 2023

The UPI payment concept from India has now reached Sri Lanka after France and Singapore-thumnail

The UPI payment concept from India has now reached Sri Lanka after France and Singapore

Now, Sri Lanka, a neighbour, will accept payments made via India’s Unified Payments Interface (UPI) system.  In addition to UPI’s approval, a number of agreements were also signed between India

Finance

Jul 21, 2023

Investors in the online gaming industry want to meet with PM Modi to discuss 28% -thumnail

Investors in the online gaming industry want to meet with PM Modi to discuss 28% 

Concerns concerning the application of the Goods and Services Tax (GST) to online gaming operators have been voiced in letters to Prime Minister Narendra Modi by investors in India’s online

Finance

Jul 21, 2023

Radhakishan Damani acquires Health and Glow in a ₹700- 750 crores deal-thumnail

Radhakishan Damani acquires Health and Glow in a ₹700- 750 crores deal

Billionaire investor Radhakishan Damani, the founder of Avenue Supermarts has made an acquisition by purchasing Health and Glow a known beauty and personal care retail chain based in Bangalore. The

Business

Jul 21, 2023

A South American meatpacker seeks $125 million in export financing-thumnail

A South American meatpacker seeks $125 million in export financing

Frigorifico Concepcion SA, a South American meatpacker, intends to borrow up to $125 million from investors this year to boost exports, according to director Jorge Usandivaras. Usandivaras anticipates closing the

Finance

Jul 21, 2023


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