Exxon Mobil and Chevron on Friday reported their lowest second-quarter profits in four years, as lower global energy prices and a surge in oil supply from OPEC+ weighed on revenues. However, both US oil giants still managed to beat Wall Street’s earnings expectations, driven by higher production volumes.Texas-based Exxon Mobil posted a net profit of…
The Karnataka Labour Minister, Santosh Lad, announced on Thursday that his department has sought clarification from TCS amid their plans to cut 12,000 employees from their workforce.“We got information that the TCS has laid off 12,000 employees. Our department has called TCS officials just to have consultation to know the reason,” the minister stated during…
India’s foreign exchange reserves rose by $2.703 billion to $698.192 billion during the week ended July 25, according to the Reserve Bank of India’s latest data released on Friday.This increase comes after a decline of $1.183 billion in the previous reporting week, when total reserves had slipped to $695.489 billion, PTI reported.The latest uptick was…
Adani Power Ltd (APL) reported a 15.53% decline in consolidated net profit for the April-June quarter, with earnings falling to Rs 3,305 crore amid pressure from subdued merchant tariffs and elevated operating costs linked to recent acquisitions.The country’s largest private thermal power producer had posted a net profit of Rs 3,913 crore in the same…
India’s manufacturing sector achieved a 16-month peak of 59.1 in July, driven by increased orders and output amidst positive market conditions, according to a Friday survey report.The HSBC India Manufacturing Purchasing Managers’ Index increased to 59.1 in July from June’s 58.4, indicating the sector’s strongest performance since March 2024.For PMI measurements, readings above 50 indicate…
The cryptocurrency market saw a sharp downturn on Friday, with Bitcoin slipping below $115,200 amid fresh US tariffs and widespread profit-taking that triggered large-scale liquidations. Bitcoin was trading at $115,149, down 3 per cent, while Ethereum dropped 5.5 per cent to $3,663 at 12.30 pm IST, according to CoinMarketCap data cited by Economic Times. The…
Amazon delivered a strong fiscal second quarter, with both profit and revenue surging year-over-year, even as trade uncertainty from tariffs by US President Donald Trump loom over the global business climate. For the quarter ended June 30, the tech giant reported net income of $18.16 billion, or $1.68 per share, up from $13.49 billion, or…
Image used for representative purposes(AI image) NEW DELHI: Global trading company Jane Street is reportedly not assisting the Income Tax Department with their ongoing investigation, according to sources.Sources told ANI that the investigation faces significant challenges as the company’s essential servers are situated outside India, with officials encountering access limitations. “Access to the servers is…
Cnergyico, Pakistan’s biggest refinery, has finalised a deal with Vitol to import 1 million barrels of American oil. (AI image) Pakistan is set to get its first crude oil shipment from the US later this year after US President Donald Trump announced a trade deal with the country. Trump also said that the US will…
Gold price prediction: Gold futures remain under pressure as the MCX Gold October Futures contract struggles to recover from recent declines. (AI image) Gold price prediction today: Gold rates continue to hover in a range as news on Donald Trump’s trade policies flows in. Where are gold prices headed and what should investors do? Here’s…