South Korea’s top financial regulator said that drug manufacturer Samsung BioLogics Co Ltd (207940.KS) had violated accounting rules and it will report the case to prosecutors for potential investigation.
India and South Korea signed 11 agreements on Tuesday to expand business ties and more than double mutual trade to $50 billion by 2030, a day after the premiers of the two countries launched a Samsung mobile phone factory near Delhi.
Narendra Modi and South Korean President Moon Jae-in took a Metro ride to Noida.
The company is currently making 67 mn smartphones in India and with the new plant being functional, it is expected to manufacture nearly 120 mn mobile phones.
Samsung Electronics estimated earnings would grow at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings.
Micron said it expects quarterly revenue to be within the previously guided range of $8.0 billion to $8.4 billion.
Buoyed by its continuous growth, South Korean electronics giant Samsung India is set to announce a key business expansion to further cement its position in the country on July 9.
Samsung is expected to post its smallest profit growth in more than a year in Q2, as lacklustre sales of its premium Galaxy smartphones overshadow its highly profitable chip business.
Mason has filed a legal claim seeking at least $175 mn from S Korean govt as compensation for damages it says it sustained from a 2015 merger of two Samsung affiliates.
HTC plans to slash around a quarter of its global workforce through job cuts at its manufacturing unit in Taiwan.
ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh
In pact with Reliance Nippon to sell Mutual Fund products
Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis
Plans to sell part of se Asia biz as part of strategy to exit non scalable biz
To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
To turn focus to domestic market
Avendus cap-KKR emerge as frontrunner to acquire IDFC MF
Offer of Rs 3,000-4,000 Cr made by FIN services firm