The Economic Times
15 hours
The company had posted a profit of 4,398.35 crore for the corresponding quarter last year.
The Economic Times
18 hours
MUMBAI | NEW DELHI: The plight of Reliance Communications is more serious than what credit rating agencies believe. The Anil Ambani-owned mobile phone operator has defaulted on its loan servicing obligations with more than 10 local banks, some of whom have categorised the exposure as "special mention account" in their asset books. SMA assets are loans where the interest payment from a borrower is overdue: if a loan isn't serviced within 30 days after falling due, it's marked as SMA 1and if unpaid for 60 days or more, it's classified as SMA 2. The loan becomes non-performing asset (NPA) - which requires a bank to provide for the loan and take a knock on profitability - if interest is unpaid for 90 days.Also read: RCom plunges 7% on mounting debt woes, Q4 loss Loans to the telco have been redflagged as either SMA1 or SMA2 by at least 10 lenders in India, a bank official told ET.
The Economic Times
19 hours
The Economic Times
20 hours
The fall in shares was also despite company posting a profit of Rs 135.63 crore for the March quarter.
The Economic Times
21 hours
The Sun Daily
a day
PETALING JAYA: Malaysia Airlines (MAS), which is on track to be profitable in 2018, said its first quarter performance was impacted by higher fuel prices and adverse foreign exchange. However, it noted that passenger load factor remained robust for the first quarter of 2017 despite competitor fares dropping significantly. The passengers carried increased 12.9% year-on-year (yoy) to 3.57 million for Q117, with a load factor of 79.4% versus 68.9% for Q116. However, the load factor was lower than the 80.9% in Q416. Yields were lower due to intense competition and a price war. “Malaysia Airlines continues to see strong bookings with a 45% improvement in forward bookings for the next six months (from June to November 2017) compared to the same period 2016,” said group CEO Peter Bellew in a statement last Friday. Looking ahead, the group is expecting the ongoing price war in Malaysia to suppress average fares for the remainder of 2017.
The Economic Times
a day
India’s economic growth may slow down to 7.1% in terms of the GDP during Q4 of FY17.
The Economic Times
3 days
This is far from invoking any 'nationalist' argument. But sensationalising issues based on anecdotal interviewsis unfair to India's most global and key industry, and a huge disservice to potential aspirants wishing to join it. Reports of mass layoffs are incorrect. Six lakh people were hired in the last three years, 50,000 in Q4 of 2016-17 alone by only the top five companies. The industry will be a net hirer in 2018. Performance-linked workforce realignment, which impacts less than 3 per cent of the workforce, has barely changed this year. Lower attrition, automation and the industry focus on innovation and enhanced efficiencies have seen a gentle deceleration in hiring growth rates — but on a growing base. Consequently, the industry expects to hire more people in the next eight years than it did in the previous eight. The oft-quoted McKinsey study that talks of one million existing jobs being destroyed in the future also points to 1.
Techradar
3 days
The latter was only found in 70% of homes down seven percentage points from the last time the survey was given out. One reason for the fall of Blu-ray/DVD players might be that smart TVs equipped with streaming services like Amazon Video, Netflix, Hulu and others have, in many ways, removed the need for traditional physical media. Glued to the tube All great in their own way, one area where TVs, smartphones and PCs are not on par with one another is how much time we spend in front of them watching video content. According to a study conducted by Nielsen , adults aged 18 years or older spent a monstrous 509,196,299,668 gross minutes watching TV content in Q4 of 2016. That number is in addition to the 63,637,309,003 minutes spent streaming TV through a connected device like a Roku Ultra , Amazon Fire TV or Google Chromecast for a total of 572,833,608,671 minutes of well-wasted TV time.
Deadline
4 days
Lionsgate first full-quarter results since acquiring Starz for $4.4B late last year show its revenue and earnings beating Wall Street forecasts. The mini-major's earnings for Q4, ending March 31, were $62M, or 30 cents per share; forecasts has pegged the EPS at 22 cents. It also posted revenue of $1.26B, above analyst estimates of $1.19B. The results included $89M in restructuring and other costs primarily associated with Lionsgate's December 8 acquisition and subsequent...
Know Your Mobile
4 days
Paul Briden 25/05/2017 - 4:41pm Apples upcoming iPhone 8 will top $1000 when it lands later on this year... With WWDC just around the corner, the iPhone 8 rumours are really starting to hot up, as more and more leaks and speculation about Apple’s new iPhone hit the wires. We know it is coming inside Q4 and we know it will be the most expensive iPhone that Apple has ever produced. It will use an OLED display, feature a new design and pack in new imaging technology. How it will all fit together remains to be seen, at least, in an official capacity, though you can see some “leakedimages of the handset below. But one thing is almost certain: this iPhone will be the biggest and most impressive iPhone since 2014’s iPhone 6 release. Expect massive sales, massive profits and massive queues throughout the last quarter of 2017. UBS analyst Steven Milunovich has waded into the iPhone 8 rumour mill with his predictions for how much the iPhone 8 will cost once it lands later on this year.
The Economic Times
5 days
The growth will be driven by a strong growth in the service sector which accounts for a bulk of the economic output.
MarketWatch Headlines
5 days
MarketWatch Headlines
5 days
MarketWatch Headlines
5 days
MarketWatch Headlines
5 days
MarketWatch Headlines
5 days
The Sun Daily
5 days
PETALING JAYA: Datasonic Group Bhd's net profit dipped by 5.2% to RM18 million from RM18.9 million in the fourth quarter ended March 31, due to higher direct cost for new projects undertaken in the quarter under review. This was despite revenue increasing by 25.1% to RM92.6 million from RM74.1 million for the same quarter in 2016. The revenue for the quarter under review was derived from supply of smart cards, consumables, passports and personalisation services. "The prospects for growth are expected to be satisfactory in the financial year ending March 31, 2018, barring any unforeseen circumstances," Datasonic board of director's said in a Bursa Malaysia filing. The group's net profit for the 12 month period stood at RM62.7 million, a marginal drop compared with the RM63.0 million from the previous financial year. Revenue for the financial year under review showed a 31.9% increase from the previous financial year to RM318.4 million from RM241.3 million.
MarketWatch Headlines
5 days
The Sun Daily - Business
6 days
PETALING JAYA: Eastern & Oriental Bhd (E&O) returned to the black registering a net profit of RM49.44 million for the fourth quarter ended March 31, 2017 against a net loss of RM14.4 million in the same period a year ago, driven by higher property sales. Revenue soared 45.9% from RM150 million to RM218.86 million. E&O has proposed to declare its first dividend of 3 sen per share. The property developer told Bursa Malaysia that it expects property sales to remain weak for 2017. “We continue to be cautious in our launches while take-up rate of our remaining landed properties in STP (Seri Tanjung Pinang) is encouraging due to our sought after location and limited supply,” E&O said. E&O’s full-year net profit more than doubled to RM87.58 million from RM37.19 million, while revenue came in at RM704.76 million, 66.9% higher than the RM422.18 million achieved last year.
The Sun Daily
6 days
PETALING JAYA: AirAsia X Bhd continued to register a sharp fall in its net profit with a slump of 94.2% to RM10.34 million for the first quarter ended March 31, 2017 against RM179.49 million in the same quarter a year ago, dragged down by higher fuel expenses. According to the group’s filing with the stock exchange, its aircraft fuel expenses jumped 45.8% to RM501.52 million in Q117 compared with RM343.91 million in the same period a year ago. The group’s operating profit stood at RM60.3 million in Q117, down 43% from RM105.1 million in the same period last year. This was mainly attributed by an overall 6% year-on-year depreciation of the ringgit against the US dollar, as most expenses are denominated in the currency. In addition, jet fuel prices were slightly higher in Q117 at US$66 (RM283.14) per barrel against US$64 in Q416. However, AirAsia X saw a 21.
MarketWatch Headlines
6 days
MarketWatch Headlines
6 days
The Economic Times
7 days
GVA, as opposed to gross domestic product (GDP), is regarded as a better reflection of productivity, as it excludes the indirect taxes.