Visa Q2 results: Profit rises 4%, pulls annual outlook amid virus outbreak
For the second quarter, the company’s total payments volume rose 5% to $2.14 trillion, on a constant dollar basis. – Stocks-Markets-Economic Times
Month: May 2020
Amazon Q1 results: Profit falls as pandemic-related costs rise
Bezos said he expects the company to spend $4 billion “and perhaps a bit more” in the second quarter. – Stocks-Markets-Economic Times
HC restrains ICRA from downgrading the rating of ECL Finance till May 4
On Monday, the court has recorded the statement from both the parties. – Stocks-Markets-Economic Times
Reliance Retail’s Q4 pre-tax profit jumps 33% to Rs 2,556 crore
Posts record grocery sales in Mar, higher even than Diwali month. – Stocks-Markets-Economic Times
RIL announces India’s biggest rights issue, says more FB-like deals soon
RIL made the announcements after its board meeting, which considered its earnings and recommended a divided of Rs 6.50 per share of Rs 10 for 2019-20. – Stocks-Markets-Economic Times
Delhi HC stays interim relief for Indiabulls on NCD payouts
The ruling effectively means that borrowers will no longer be able to unilaterally defer payments to mutual funds. – Stocks-Markets-Economic Times
Maruti Suzuki Records Zero Monthly Sales For First Time Ever In April
Maruti Suzuki India on Friday reported zero monthly domestic sales for the first time ever in April, as the country remained under lockdown to contain the spread of the coronavirus. … Read More
Latest On The Spread Of The Coronavirus Around The World
US President Donald Trump said the United States plans to accelerate the development of a coronavirus vaccine, an effort that has been dubbed “Operation Warp Speed”. – NDTV Profit … Read More
All payments via cards can now be contact-free
The Reserve Bank of India has given the green signal to the country’s payment networks — Visa, Mastercard and NPCI — to allow tap-and-go functionality on card payments for all … Read More
Apple Boosts Revenues In Pandemic-Hit Quarter, But Profits Take A Hit
Profit dipped to $11.2 billion on sales of $58.3 billion in the fiscal second quarter, compared to net income of $11.7 billion on revenue of $58 billion in the same … Read More