Wall Street Banks’ Profits Declined, Brace for Weaker Economy
Profits fell at Wall Street’s biggest banks in Q3 as they braced for a weaker economy. Investment banking was hit hard as dealmaking dried up....
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Jeremy Hunt Replaces Kwasi Kwarteng as Britain’s Finance Minister
On Friday, Britain’s Prime Minister Liz Truss’s office said that Jeremy Hunt, the former foreign minister of Britain, has been appointed Britain’s finance minister. This...
Kroger Strikes $25 Bn Deal for Albertsons to Create Supermarket Titan
On Friday, US grocer Kroger Co (NYSE:KR) said it would buy smaller rival Albertsons Companies Inc in a USD 24.6 billion deal, creating a supermarket...
Wells Fargo Releases its Profit Fall as Q3 Results
According to the reports, On Friday, Wells Fargo & Co reported a 31 per cent decline in Q3 profit, as the bank racked up prices...
Citigroup Reports 25% Slump in Q3 Profit
On Friday, Citigroup Inc reported a 25 per cent drop in third-quarter profit as its investment banking business struggled to cope with a decline in...
IRDAI Fines Max Life Insurance Rs 3 Crore for Breaking Rules
The Insurance Regulatory and Development Authority (IRDAI) said on October 14 that it had fined Max Life Insurance Company a total of Rs 3 crore...
Nestle India Ltd Rise 1.15%
On National Stock Exchange (NSE), Nestle India Ltd is quoting at Rs 18980, up 1.15 per cent. The stock is down 2.36 per cent in...
Tata Investment Corp Spurts on Bargain Hunting
Tata Investment Corporation jumped 5.28 per cent to Rs 2408.50 on bargain hunting after a recent steep sell-off. Tata Investment Corporation’s shares dropped 7.61 per...
L&T Gains 3% on Major Orders in Water and Wastewater Treatment Business
Shares of Larsen & Toubro (L&T) rose 3% to Rs 1,936.55 in intraday trade on the BSE on Friday after the engineering and construction company...
SAT orders Brickwork Ratings to temporarily hold Sebi orders
The Securities Appeals Tribunal (SAT) has suspended market regulator Sebi‘s decision to terminate Brickwork Ratings India, people familiar with the matter said. A final hearing...