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NetApp, Inc. (NTAP) – Shares of the company gained over 4% in extended trading session on Tuesday after its second-quarter results trumped Wall Street estimates. NetApp’s second-quarter profit dropped to $137 million or $0.61 per share from $243 million or $1.03 per share last year. Adjusted earnings were $236 million or $1.05 per share. Revenues rose 3.6% to $1.42 billion […]
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“The RBI was to apply its mind and not act as a post office. If you (RBI) have imposed the restrictions, then you have to apply your mind,” the Court said. The Delhi High Court on Tuesday pulled up the RBI for leaving it to scam-hit PMC Bank to decide which emergencies cited by its depositors were to be considered […]
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Fox Business Flash top headlines for November 30 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Exxon Mobil Corp. is retreating from a plan to increase spending to boost its oil and gas production by 2025 and preparing to slash the book value of its assets by up to $20 billion, as the struggling company reassesses its […]
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‘28 hyperscale units expected in 3 years’ Data centres in India are emerging as an alternative real estate asset and have attracted investments of $396 million from January to September 2020, Anarock-Mace said in a report. The report — Navigating the India Data Centre Lifecycle – Trends & Perspectives — noted that data centres are now the hottest alternative real […]
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Power consumption in the country was recorded at 46.52 BU during November 1-15 last year, according to the power ministry data. India’s power consumption grew 7.8 % to 50.15 billion units (BU) in the first half of November this year, showing rise in economic activities, as per government data. Power consumption in the country was recorded at 46.52 BU during […]
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Firm reports Q2 net of ₹1,665.07 crore. Tata Steel on Friday said its consolidated net profit declined about 50% to ₹1,665.07 crore in the September quarter, from ₹3,302.31 a year earlier. Total income rose to ₹37,376.13 crore, from ₹34,762.73 crore, Tata Steel said in a BSE filing. In a separate statement, Tata Steel said it had initiated discussions with Sweden-based […]
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Bank to concentrate on balance sheet not P&L: Kamakodi Private sector lender City Union Bank Ltd. (CUB) will focus on emergency credit line guarantee scheme (ECLGS), gold loans and restructuring of facilities for now to aid borrowers and control slippages. “During second quarter of FY20, we took our leg off the growth pedal as economy was not doing well,” N. […]
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Joe Biden’s coal miner comments are insulting: Pennsylvania Coal Alliance executive director Pennsylvania Coal Alliance executive director Rachel Gleason discusses former Vice President Joe Biden’s comments that coal miners should learn coding and the coal industry in her state. In the tight-knit Shelocta, Pa., coal mining community, a veil of uncertainty lingers. Continue Reading Below U.S. flags flap gently in the fall breeze; […]
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Fears of coronavirus second wave could destroy oil: Expert Senior market analyst Phil Flynn argues hurricanes and fears over a second wave of coronavirus cases are hurting the outlook for oil demand. Exxon Mobil plans to cut 1,900 U.S. workers as the oil giant navigates a sharp drop in demand caused by the COVID-19 pandemic, which has curtailed both office commutes […]
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Fox Business Flash top headlines for October 23 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. TOKYO – Oil extended last week’s losses on Monday, falling nearly 2% as a surge in COVID-19 infections in the United States and Europe prompted concern over crude demand, while the prospect of increased supply also hit sentiment. Continue […]
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