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India’s Vedanta chief financial officer Sonal Shrivastava resigns

Oct 25, 2023 | newsbeezer.com | Varun Vyas |Varun HK |Dhanya Ann Thoppil

BENGALURU, Oct 24 (Reuters) – Indian company Vedanta (VDAN.NS) said on Tuesday that chief financial officer (CFO) Sonal Shrivastava had resigned as part of a sweeping structural reform announced last month. Ajay Goel, acting CFO of Indian edtech startup Byju’s, will return as Vedanta’s chief financial officer effective October 30, the company said in a statement. Billionaire Anil Agarwal-led Vedanta last month announced plans to split the metals-to-oil conglomerate into six separate divisions.
Philips Shares Fell As The New Order Clouded A Rosier Outlook

Oct 23, 2023 | nationworldnews.com | Bart Meijer |Jacqueline Wong |Varun HK |Sharon Singleton

Philips raised its full-year outlook as Q3 earnings beat expectationsNew orders continue to fall as demand in China weakensThe ING analyst flagged concerns about near-term growthShares fell 4%AMSTERDAM, Oct 23 (Reuters) – Shares in Dutch health technology company Philips ( PHG.AS ) fell 4% on Monday as strong quarterly earnings and an upgraded outlook for 2023 will not offset concerns about a continued fall in new orders.
Rupee falls, with risk of slipping below key level of risk aversion

Aug 2, 2023 | playcrazygame.com | Nimesh Vora |Varun HK

Home/Business/Rupee falls, with risk of slipping below key level of risk aversion Business 8 Views MUMBAI, Aug 2 (Reuters) – The Indian rupee fell on Wednesday on risk aversion fueled by the U.S. credit rating downgrade, putting the currency at risk of slipping below a key level. The rupee was at 82.47 against the US dollar at 10:54 IST, down from 82.2550 on Tuesday. US stock futures and Asian stocks fell on the US credit rating downgrade, boosting demand for a safe-haven dollar. Asian...
European stocks edge higher as China’s stimulus talk boosts miners - playcrazygame.com/tanzania

Jul 25, 2023 | playcrazygame.com | Sruthi Shankar |Varun HK

Unilever shines as Q2 sales beat estimatesMiners jump as metal prices rise on China’s stimulusDassault System slips as quarterly resultsJuly 25 (Reuters) – European shares rose on Tuesday, led by miners and luxury stocks after China pledged more support for its slowing economy, but mixed earnings reports limited further upside in markets. The pan-European STOXX 600 index (.STOXX) rose 0.2% after Asian shares rose on signs of more stimulus in China that would focus on boosting domestic demand.
Binance CEO plans to seek dismissal of CFTC complaint

Jul 24, 2023 | playcrazygame.com | Juby Babu |Varun HK

July 24 (Reuters) – Binance and its CEO and founder Changpeng Zhao plan to seek dismissal of a Commodity Futures Trading Commission (CFTC) complaint accusing the crypto exchange of violating the Commodity Exchange Act and certain related federal regulations. Binance is due to file its response to the CFTC complaint on July 27 and plans to seek dismissal, according to a court filing on Monday.
Indian stocks to open lower on caution ahead of key cenbank meetings

Jul 23, 2023 | playcrazygame.com | Bharath Rajeswaran |Varun HK

BENGALURU, July 24 (Reuters) – Indian shares are set to open lower on Monday, trailing Asian peers, amid caution ahead of key corporate earnings and central bank meetings expected later this week. India’s GIFT Nifty on the NSE International Exchange was down 0.11% at 19,744, at 8:03 AM IST. Asian stocks fell ahead of monetary policy meetings at the US Federal Reserve and the European Central Bank. The markets have fully priced in 25 basis point rate hikes from the two central banks.
India's Zee Entertainment posts its first loss in 3 years due to weak advertising demand and higher costs

May 25, 2023 | exbulletin.com | Praveen Paramasivam |Varun HK

BENGALURU, May 25 (Reuters) – India’s Zee Entertainment Enterprises (ZEE.NS) reported its first quarterly loss in three years on Thursday as advertisers tightened marketing budgets and increased spending. Zee posted a consolidated net loss of 1.96 billion rupees ($23.7 million) for the fourth quarter ended March 31, compared to a profit of 1.82 billion rupees a year ago, a regulatory filing show. The company’s total revenue fell by 9.9% to 21.26 billion rupees, while expenses jumped by almost 10%.
India's Zee Entertainment posts first loss in 3 years on weak ad demand, rising costs

May 25, 2023 | uaetimes.ae | Praveen Paramasivam |Varun HK

BANGALORE, May 25 (Reuters) – India’s Zee Entertainment Enterprises (ZEE.NS) It posted its first quarterly loss in three years on Thursday as advertisers tightened marketing budgets and expenses soared. Zee posted a consolidated net loss of 1.96 billion rupees ($23.7 million) for the fourth quarter ended March 31, compared with a profit of 1.82 billion rupees a year earlier, Regulatory filing show.