BUSINESS
Adani Total Gas announces H1 FY23 results
"ATGL continued with full vigour and resilience in significantly augmenting and investing in creating backbone CGD infrastructure across all its Geographical Areas with crossing 6.25 lakh PNG Home Connections mark, crossing of 10,000 inch-km of steel pipeline, enhancing PNG supplies to 6,088 businesses/industries and enhancing CNG footprint to 367 stations," said Suresh P. Manglani, CEO of Adani Total Gas.
Qualcomm will provide 5G modems for 'vast majority' of iPhone 15 series
Akash Palkhiwala, Chief Financial Officer at Qlaucomm, said during the company's fiscal Q4 earnings call that for Apple product revenue, "we now expect to have the vast majority of share of 5G modems for the 2023 iPhone launch, up from our previous 20 per cent assumption".
'Not receiving any instructions from Vijay Mallya', lawyer to SC
A bench comprising Justices D.Y. Chandrachud and Hima Kohli asked the lawyer to provide Mallya's email and residential address in the UK to the court registry. Counsel submitted that he wants to be discharged from the case since he is not receiving any instructions from Mallya.
SC asks AIIMS to examine health of DHFL ex-CMD, seeks report within week
The ED arrested Kapil Wadhawan and his brother Dheeraj Wadhawan under the provisions of the Prevention of Money Laundering Act (PMLA), after registration of a CBI FIR. Rohatgi pressed that his client is entitled to go for treatment of his choice and requires constant medical attention which is not possible in jail.
India's gaming market reaches $2.6 billion with 507 million gamers
The country now has about 120 million paid gaming users with at least $20 revenue per user, according to the report by Lumikai, a gaming and interactive media venture capital fund. With 15 billion downloads, India was the world's largest consumer of mobile games in FY22.
Phone sales will drop much more than expected in 2022: Qualcomm
Announcing the fiscal fourth quarter results, Cristiano Amon, President and CEO of Qualcomm, said that "while our financial outlook is being temporarily impacted by elevated channel inventory, our diversification strategy and long-term opportunities remain unchanged".
Samsung appoints ex-trade minister as one of its 2 new outside directors
Samsung said its shareholders approved the appointment of Yoo Myung-hee -- a former trade minister and deputy minister in charge of negotiations for free trade agreements -- as its new outside director.
Rosneft responds to BP's comment on not being formally notified of dividend payments
Dividends due to BP in the amount of $700 million for the second half of 2021 were paid in full. In compliance with the procedure for interacting with foreign contractors established by Presidential Decree No. 95 dated March 5, 2022, the funds have been transferred to a special C-type account established by Rosneft.
Cognizant closes Q3 with $4.7 billion revenue
According to Cognizant, the revenue for the Q3 went up to about $4.9 billion up from about $4.7 billion of Q3 2021. The company follows the calendar year as its accounting year. The earnings per share stood at $1.17 ($1.06 Q32021). "Revenue and bookings were below our expectations as company specific fulfillment challenges were compounded by the impact of an uncertain macroeconomic backdrop," said Brian Humphries, Chief Executive Officer.
Imperilled US focuses on inflation and economy
The Fed raised interest rates for the sixth time this year. The hike will make it more expensive for consumers and businesses to borrow money. The central bank is boosting rates to curb inflation, which hovers near a 40-year high. But the higher rates risk pushing the economy into a recession. At a news conference, Fed Chair Jerome Powell said the Fed could slow the pace of hikes as soon as next month.
Don't Miss
Advertisement