Standard Chartered to hand billions to shareholders as profits rise

6 days, 15 hours ago

Citadel Offers to Let Clients Take Profits But Most Decline

-- Citadel invited clients to cash out profits after a roughly 15% gain in its flagship strategy last year, but the vast majority opted to keep their money in the multistrategy hedge fund. Shaw & Co. is preparing to hand back billions of dollars to external clients after two of its biggest hedge funds produced double-digit returns last year. Influential …

Money Bloomberg Recent Years Hedge Funds Citadel Returns Profits

3 weeks ago

Outsourcer Serco hails strong momentum after rise in new orders

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Government outsourcer Serco said it …

Strong Serco

3 weeks ago

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December

Live Mint

The Centre’s direct tax collection from corporations and individuals after adjusting for tax refunds has reached ₹15.8 trillion so far this year, jumping 16.45% over the previous year and outpacing the budget estimate. While non-corporate tax collection from individuals and other entities like partnerships and local authorities, after adjusting for refunds, recorded a 22% jump so far this year to …

Collection Tax Receipts Lakh Crore

3 weeks, 1 day ago

January Capital Raises $85 Million for Private Credit Tech Fund

Live Mint

-- January Capital Pte Ltd., a Singapore-based asset manager, has raised over $85 million in an initial round of investor commitments for its growth credit fund, the company said in a statement. “There is that huge gap in the middle that really is the sweet spot.” The January Capital Growth Credit Fund is offering loans of $5 million to $20 …

Capital Fund Million Edwards January Capital

3 weeks, 2 days ago

Direct retail inflows hit a three-year high at nearly ₹1 trillion

Live Mint

Retail investors trading directly on NSE bought nearly ₹1 trillion worth of shares cumulatively between April and November, nearly eclipsing their total purchases in the previous two financial years combined. A three-year high Retail investors bought shares worth a net ₹29,594 crore in October, followed by direct retail purchases of ₹9,192.72 crore in November, as per the daily data submitted …

Market Retail Investors Nifty High Direct Trillion Nse

3 weeks, 6 days ago

De La Rue in talks over near-£100m deal to sell stake

The Independent

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Business Sale Earnings Currency Million Group Division

1 month ago

BUSINESS LIVE: Bitcoin hits $100,000; Vodafone-Three gets green light

Daily Mail

Frasers has lowered the top end of its annual profit guidance, blaming weaker consumer confidence leading up to and following the Autumn Budget. The group said it was now forecasting adjusted pre-tax profit for its 2024/25 year of £550million to £600million, versus previous guidance of £575million to £625million. Boss Michael Murray said: 'The first half of this year has been …

1 month ago

₹1.90 to ₹59: Penny stock turns into multibagger, rises 3,000% in 4 years

Live Mint

One Point One Solutions has witnessed a remarkable surge in its share price on Dalal Street, growing exponentially in a short span of time and establishing itself as one of the largest wealth creators in recent history. The company's stock, which was trading at just ₹1.91 four years ago, has skyrocketed by an astounding 3,000 per cent to its current …

Company Crore Cent

1 month, 2 weeks ago

Zoom raises annual revenue and profit forecasts, expands share repurchase

Live Mint

-Zoom Video Communications raised its forecast for fiscal 2025 revenue and adjusted profit on Monday, anticipating robust demand for its online video conferencing software as it expands its product portfolio, and clients embrace hybrid working models. Zoom's online meeting services continue to see strong spending from its large enterprise client base as hybrid working models become the norm in many …

Billion Profit Forecasts

1 month, 2 weeks ago

What the papers say – November 23

The Independent

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Times, Financial Times and Daily Mail all focus on Britain’s private sector shrinking …

1 month, 2 weeks ago

A big refinery, a large loan, and a bunch of eager banks

Live Mint

Mumbai: India’s top lenders are falling over each other to finance a ₹39,000 crore refinery being set up by Chennai Petroleum Corp. and Indian Oil Corp. in Tamil Nadu, in one of the largest corporate loan deals in recent times. State-owned banks like State Bank of India, Bank of Baroda and Punjab National Bank are among six lenders which have …

Loan Banks Sbi Corporate Bank

1 month, 3 weeks ago

Mulberry boss says ‘rebuild’ needed after sales plummet

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The boss of Mulberry has …

Million Mulberry

1 month, 3 weeks ago

U.y. Fincorp Q2 Results 2024 on 17 Nov, 2024: profit falls by 93.23% YOY, profit at ₹3.47 crore and revenue at ₹45.24 crore

Live Mint

Fincorp Q2 Results 2024:U.y. Fincorp declared their Q2 results on 14 Nov, 2024, revealing a mixed performance as the company experienced a significant decrease in profit despite a notable increase in revenue. The company reported a profit of ₹3.47 crore, reflecting a staggering 93.23% decrease year-over-year, while the revenue surged by 55.45% to ₹45.24 crore. The operating income also faced …

Revenue Profit Fincorp Q2 Results

1 month, 3 weeks ago

Foreign investors are buying these three mid cap stocks during a record selloff

Live Mint

Foreign institutional investors have been on a selling spree when it comes to Indian stocks. Here’s the FII holding in the company since it was listed: View Full Image ASK Automotive's FII holding While the holding changed slightly between December 2023 and June 2024, it shot up 85% between the March and September quarters. Goldman Sachs India Equity Portfolio’s holding …

India Stocks Market Data Indian Foreign Investors Company

Top stocks to watch today: Varun Beverages, Hero MotoCorp, Cipla, Grasim

India Today

The stock markets are facing a tough week as Sensex and Nifty dropped close to 1.5% on Wednesday. The company reported an 8% growth in its standalone net profit for the quarter ending September 2024, reaching Rs 1,010 crore. TATA POWER Tata Power’s stock may see activity after the company announced the commissioning of a 126 MW floating solar project …

Market Company Stock Crore Quarter Net Vodafone

1 month, 4 weeks ago

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

Associated Press

TOKYO — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments. Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen, compared with a 931 billion yen loss in the year-earlier period. SoftBank credited income from royalties and licensing related to its …

Japan Investment Chinese Softbank Vision Fund

1 month, 4 weeks ago

Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov

Live Mint

New Delhi: The union government’s direct-tax collection has grown by 15.41%, after tax refunds, to ₹12.1 trillion so far this financial year, the Central Board of Direct Taxes said on Monday. Securities transaction tax contributed ₹35,923 crore so far this financial year, 90% more than the ₹18,909 crore collected in the same period a year ago, CBDT data showed. So …

Period Tax Revenue Trillion Collection

Stocks to Watch: Britannia, ONGC, Hindalco, BEML, Shree Cement, and more

Live Mint

Here’s a quick look at stocks likely to be in focus in today's trade. Britannia Industries: FMCG major Britannia Industries Ltd reported a 10% decline in consolidated net profit for the quarter ended September 2024, amounting to ₹531 crore. Hindalco: Hindalco Industries reported a significant 123% growth in standalone net profit for the quarter ended September 2024, reaching ₹1,891 crore, …

Operations Revenue Profit 2024 Crore Quarter Yoy

2 months ago

Marks & Spencer sees profits surge, but cautions over consumer pressures

The Independent

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Cost Half

2 months ago

ICICI Bank shines brightly despite sector struggles, defying resignation sentiment

Live Mint

Despite a challenging economic environment, banks are seeing some relief in deposit growth, with four of the top five private sector banks reporting deposit growth outpacing credit growth in Q2. However, this growth comes at a price, with banks facing higher funding costs due to rising interest rates. Additionally, HDFC Bank's NIM has declined to 3.46% from 3.47%, indicating a …

Law Finance Banking Financial Performance

2 months, 1 week ago

Sainsbury’s set for sales increase after price investment

The Independent

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Sales Sainsbury

2 months, 1 week ago

Barclays completes Tesco Bank buy as retailer hands £700m to shareholders

The Independent

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Tesco Barclays Tesco Bank

2 months, 1 week ago

Microsoft reports Q1 results with revenue up 16%

China Daily

Xinhua | Updated: 2024-10-31 10:04 A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, Jan 25, 2021. SAN FRANCISCO -- Microsoft on Wednesday posted a revenue of $65.6 billion for the first quarter of its 2025 fiscal year ending Sept 30, 2024, up 16 percent from the same period of …

Revenue Billion Microsoft Reports

2 months, 1 week ago

HSBC to start cutting top banker roles as it reveals jump in profit

The Independent

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Billion Hsbc

2 months, 2 weeks ago

Barclays profit jumps nearly a fifth as investment bank cashes in on dealmaking

The Independent

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Growth Economic Growth Bank Last Year Venkat Barclays Nearly A Fifth

2 months, 2 weeks ago

Standard Chartered to Focus on Affluent, SME Banking: See 12-15% SME Loan Growth

Live Mint

Standard Chartered is planning to double down on affluent, SME banking, wealth management, and international wealth solutions in India. The bank expects growth in the SME side, with a focus on cross-selling wealth management and investment solutions to self-employed and individual business owners. The bank also aims to address the shift in the Indian market by providing a multi-market gateway …

Mumbai

2 months, 2 weeks ago

UK banks to shed light on consumer confidence as cheaper mortgages hit market

The Independent

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Interest Hit Market Budget Uncertainty

2 months, 3 weeks ago

Shares in Rentokil leap as pest control giant trims costs

The Independent

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Pest Control Cost Rentokil

2 months, 3 weeks ago

Troubled Boeing signals it may raise up to $25 billion to shore up finances

The Independent

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Boeing Billion Sign Cash

2 months, 3 weeks ago

Rachel Reeves boosts big business as she caps corporation tax at 25% and woos investment in Britain

The Independent

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Business Growth Brexit Tax Budget Investment National

2 months, 3 weeks ago

Gambling firms see shares hit on Budget tax raid fears

The Independent

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Tax Budget Gambling Firms

3 months ago

Tax worries knock UK business confidence, survey shows

Live Mint

By Suban Abdulla {{^adFree}} {{/adFree}} LONDON, - British business confidence fell in the third quarter as tax worries hit investment, according to a survey of accountants that chimes with similar concerns from other business groups before the new Labour government's first budget. {{^adFree}} {{/adFree}} "The findings show that businesses are troubled by the tax burden and increasingly reluctant to invest," …

Business Tax Investment Adfree Icaew

3 months ago

Shein UK sales top £1.5bn and profits double

The Independent

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Shein

3 months, 1 week ago

UK firms growing in the US as presidential election looms large

The Independent

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Ubs Hsbc Uk Hsbc Market

3 months, 1 week ago

Rupert Murdoch’s REA makes fourth takeover offer for Rightmove worth £6.2bn

The Independent

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Billion Emails Sign Rightmove Rea

3 months, 2 weeks ago

Funding Circle co-founder steps down from firm’s board

The Independent

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Desai Free Breaking Mr Desai Funding Circle

3 months, 2 weeks ago

Co-op returns to profit despite hit from rising wages and shoplifting

The Independent

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Million

3 months, 3 weeks ago

Charity donations from FTSE 100 firms ‘have not keep pace with profits’

The Independent

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Charity Giving Companies 100 Ftse Donations Caf

3 months, 3 weeks ago

OpenAI is reportedly changing its non-profit structure for IPO next year, eyes $150 bn valuation

Firstpost

OpenAI’s journey began in 2015 as a non-profit organisation, funded by donations that totalled around $130.5 million. OpenAI is expected to raise a new round of financing through convertible notes, with its valuation potentially reaching $150 billion In recent years, OpenAI’s revenue has experienced strong growth, with reports suggesting that it doubled its annualised revenue in the first half of …

Openai Ipo

4 months ago

Upcoming IPO: Hexaware Tech Submits Draft Papers For Issue Worth Rs 9,950 Crore

ABP News

Hexaware Technologies submitted its draft papers for its initial public offering with the Securities and Exchange Board of India. Backed by private equity firm Carlyle Group, the company filed preliminary documents for its maiden offer worth Rs 9,950 crore with the capital markets regulator. If successful, the maiden offering would be the largest in the Indian IT services sector since …

India Crore Firm Ipo Hexaware Tech

4 months ago

Nationwide to complete £2.9bn Virgin Money takeover next month

The Independent

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Takeover Emails Sign Nationwide Virgin Money

4 months ago

Chip maker’s shares plunge in record single-day value loss for a US firm

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in US chip maker …

Value Firm Nvidia

4 months, 2 weeks ago

Hays warns over actions to trim costs further as profits plunge 91%

The Independent

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Million Ireland Hays Market Conditions

5 months ago

Legal & General profits exceed forecasts amid new strategy

The Independent

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Our Strategy

5 months ago

Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdings

The Independent

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Japan Billion Yen Softbank Reduces

5 months, 1 week ago

Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business around

The Independent

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Cut Intel

5 months, 1 week ago

HSBC boss bows out with forecast-beating results and more returns for investors

The Independent

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Strategy Hsbc Quinn This Strategy Noel Quinn Mr Quinn Billion Dollars

Standard Chartered to hand billions to shareholders as profits rise

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