1h ago
Jio Platforms net profit rises 14% on user mix, digital services
Jio Platforms reported net profit of ₹8,387 crore for the September quarter. Its total subscriber base rose to 542 million. ARPU increased to ₹218.8.
1h ago
Airtel Africa Q2 profit rises 16% to $254 million
Airtel Africa has revealed a remarkable 15.9% jump in its quarterly net profit, reaching $254 million, fueled by robust revenue growth. The total revenue escalated to $1.97 billion, showcasing a 25.7% rise in reported currency. Operating profit surged by 28.5% to $659 million, while customer numbers soared by 11.6%, pointing to the growing demand for data and mobile money services. The company achieved a record underlying Ebitda margin of 50.
2h ago
US midterm elections, earnings and jobs data loom for AI-wary Wall Street
Intel shares tumbled nearly 29% after its earnings report. The decline dragged the S&P 500 down 1.8% last Friday. The Nasdaq Composite fell 2.9%.
5h ago
Reliance Industries posts record quarterly net profit of ₹29,550 crore, up 34%, on O2C strength
Revenue rose 28.5% year on year to ₹3.38 trillion. Ebitda at the O2C business soared 68%.
11h ago
Elon Musk’s SpaceX loses $400 billion in market value in weeks: What’s driving SPCX stock down?
SpaceX market value crash: SpaceX has lost more than $400 billion in market value since October 6, with shares falling below $2 trillion in valuation. The sell-off follows the expiration of a major share lockup and comes amid concerns over Intels weak forecast, Starlink scrutiny and potential regulatory hurdles for a reported SpaceX-Tesla merger.
12h ago
Blackstone tells investors Anthropic may not secure investment-grade rating after IPO
Blackstone expects Anthropic to receive a high-yield, or junk, rating. That expectation marks a shift from Blackstone's previous guidance.
13h ago
Syrma SGS posts best-ever quarter as Q2 revenue rises 73% to Rs 1,999.5 crore
Revenue rose 73% year on year to Rs 1,999.5 crore. Exports increased 91%. The quarter marked the company's best-ever performance.
13h ago
Why Intel stock price down today? How the AI memory crunch and weak PC demand hit its forecast, and could the selloff deepen?
Intel (INTC) Stock Crash: Intel shares fell about 29 per cent on Friday after a weak December quarter forecast. Falling PC demand and costlier memory chips are hurting the company, and the selloff has spread to other chip and server stocks.
21h ago
Can AWS growth help Amazon shares rebound from the postearnings selloff?
Amazon shares came under heavy selling pressure in after-hours trading on Thursday, October 29, after the e-commerce giant reported third-quarter earnings and revenue below Wall Street expectations. The stock fell more than 9% following the results, as investors assessed disappointing financial performance, mounting artificial intelligence investments and a cautious outlook for the holiday quarter. (Sources: Reuters, Yahoo Finance, Amazon) Amazon shares plunge after Q3 earnings miss
