Hindustan Unilever Q1 net profit rises 19% to Rs 1,529 crore

Jul 16 2018

FMCG major Hindustan Unilever today reported a 19.17 per cent increase in standalone net profit at Rs 1,529 crore for the first quarter ended June 30, 2018.

Deutsche Bank says expects second-quarter profit above expectations

Jul 16 2018

Deutsche Bank expects to report second-quarter pretax profit of about 700 million euros ($818 million) and net income of approximately 400 million euros, it said.

Shoppers Stop bets on omni-channel strategy to grow business

Jul 15 2018

Brick and mortar retailer Shoppers Stop is betting big on an omni-channel retail strategy -- a combination of physical stores and online site -- to grow its business and aims to be completely debt-free by the end of this fiscal.

See good demand environment across US, Europe: Infosys CEO

Jul 13 2018

India's second largest software company Infosys today said it sees a "good" demand environment in large markets such as the US and Europe, but stuck to the previously-set revenue growth target of 6-8 per cent for the full financial year.

Cyient shares tank over 6 percent as Q1 net profit dips

Jul 13 2018

Shares of IT firm Cyient today plunged over 6 per cent after the company reported a decline in consolidated net profit for the three months ended June 30 of this fiscal.

PNC Financial profit tops estimates on higher interest rates

Jul 13 2018

PNC Financial Services Group Inc on Friday posted a quarterly profit that beat analysts’ estimates, driven by higher net interest income and improved fee income, sending shares of the regional lender up more than 1 percent in premarket trade.

Wells Fargo profit misses estimates on lower loans, higher expenses

Jul 13 2018

Wells Fargo & Co (WFC.N) on Friday reported a bigger-than-expected drop in quarterly profit, as lending activity slowed and it recorded higher expenses.

Citigroup profit rises 16 percent on lower taxes, higher fee income

Jul 13 2018

Citigroup Inc (C.N) reported a 16 percent increase in quarterly profit on Friday, as the Wall Street bank benefited from lower taxes, higher fee income and strength in its consumer banking business in Mexico.

JPMorgan profit beats on higher trading revenue, loan growth

Jul 13 2018

JPMorgan Chase & Co’s (JPM.N) quarterly profit topped Wall Street’s expectations on Friday, driven by much higher-than-expected trading revenue and increased loan demand.

Cyient PAT down 6 % to Rs 82.5 crore in Q1

Jul 12 2018

Cyient Limited, a city-based IT firm today said its profit after tax for the quarter ended June 30 was down by six per cent to Rs 82.5 crore against Rs 87.8 crore during the same quarter in FY 18.

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