[ad_1] Citigroup‘s first-quarter profit fell 27% but beat market expectations on Friday, while taking a $483 million charge tied to CEO Jane Fraser’s sweeping reorganization. Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said on Friday. That compares with $4.6 billion, or $2.19 per…
[ad_1] LONDON: British drugs group AstraZeneca on Thursday hiked its shareholder dividend citing optimism over its strong performance.AstraZeneca “intends to increase the annualised dividend” by seven percent to $3.10 per share, in a move which was “underlining the company’s confidence in its performance and cash generation”, it said in a statement ahead of its annual…
[ad_1] BENGALURU: IBM chairman and CEO Arvind Krishna’s compensation jumped 23% to $20 million in 2023 from $16.5 million in the year-ago period, the company’s 2024 proxy statement showed. For the 2023 performance, the board approved an annual incentive payment of $3.5 million for Krishna, which was 117% of target. His base salary of $1.5…
[ad_1] CHANDIGARH: The Goods and Services Tax (GST) collection in Punjab jumped 15.69 per cent to Rs 19,222 crore in the current financial year so far, while the state’s excise revenue rose 11.71 per cent to Rs 8,093.59 crore. The net GST collection up to February in the current fiscal year stood at Rs 19,222.5…
[ad_1] NEW DELHI: Revenue of REA India, owner of Housing.com and PropTiger, rose 21 per cent to Rs 238 crore during latest July-December period on strong demand of residential properties, its CEO Dhruv Agarwala said. The company would continue to invest in new products, technologies and branding-marketing activities to further grow its business and establish…
[ad_1] NEW DELHI: Crompton Greaves Consumer Electricals Ltd on Wednesday reported a 3.1 per cent decline in its consolidated net profit to Rs 85.45 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 88.19 crore in the October-December quarter a year ago, Crompton Greaves Consumer Electricals Ltd…
[ad_1] MUMBAI: Jewellery retailer Senco Gold has reported a 5.8 per cent growth in consolidated profit after tax at Rs 109.32 crore for the quarter ended December 31, 2023. The company’s profit after tax (PAT) stood at Rs 103.35 crore during the corresponding quarter of the previous fiscal, the jewellery retailer said in a regulatory…
[ad_1] CHENNAI/BENGALURU: IT services major Cognizant Technology Solutions on Wednesday posted a 0.3% decline in constant currency revenue for the full year 2023, at $19.4 billion, as weakness in demand continued to plague the IT sector. Revenue for the Dec quarter came in at $4.8 billion – a 2.4 % decline in constant currency terms…
[ad_1] Apple announced its first fiscal quarter of 2024 results, posting record revenue of $119.6 billion, a 2% increase year-over-year. The numbers from the iPhone were impressive whereas the iPad was predictably down.The iPhone, Apple’s flagship product, remained the driver-in-chief , generating $69.3 billion in revenue, a 7% increase year-over-year. This growth was likely driven…
[ad_1] MUMBAI: Air traffic growth continued through 2023 to catch up with the pre-pandemic numbers as traffic reached about 94 % of 2019 levels, said the International Air Transport Association (IATA) in its monthly traffic report, released recently. Recovery in air travel continued in December last year which had the total global traffic comprising international…
