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BUSINESS

Saudi Aramco's H1 2019 net income slips to $46.9 bn

August 12th, 2019

Aramco said its first half net income for 2019 had slipped to $46.9 billion compared to $53.0 billion for the same period last year.

BUSINESS

SoftBank Group Triples Net Profit, Thanks to Alibaba

August 7th, 2019

Japan's SoftBank Group said its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese e-commerce giant Alibaba. The company announced a net profit of 1.12 trillion yen ($10.5 billion) for the three months to June, up 257.6 percent compared to the same period a year...

BUSINESS

Apple Profit fell 13 percent due to weak iPhone sales

July 31st, 2019

Apple reported its profit fell 13 percent due to weak iPhone sale. However, Apple's after service profit was increased by only $1.5 billion.

BUSINESS

Samsung Electronics Q2 net profit slumps 53%

July 31st, 2019

Samsung Electronics saw net profits slump by more than half in the second quarter due to weakening chip market and a trade row building between Seoul and Tokyo.

BUSINESS

Byju's may become Indian Cricket Team jersey Sponsor

July 25th, 2019

The Indian cricketers will soon be wearing a new brand name on their official jerseys with Chinese mobile manufacturer Oppo handing over the sponsorship rights to Byju's.

BUSINESS

Nepal relaxes location requirement for casinos to boost tourism

July 22nd, 2019

The government of Nepal relaxed location requirements for the establishment of casinos and popular electronic gaming halls in the country.

BUSINESS

OYO founder buy back shares worth $2 bn from early investors

July 20th, 2019

OYO founder Ritesh Agarwal has signed a deal to buy back shares worth $2 billion (nearly Rs 13,770 crore) from early-stage investors like Lightspeed Venture Partners and Sequoia India.

BUSINESS

How Much Mukesh Ambani and his team earn per annum

July 20th, 2019

India's richest man Mukesh Ambani earned ₹15 crore ($2.1 million) straight 11th year.

BUSINESS

Mindtree will continue as a separate entity: L&T

July 9th, 2019

L&T which owned majority shares in IT firm Mindtree, said the company will run as a separate entity and operate at an arm's length from the construction major's own tech units.

BUSINESS

German Bank Deutsche slash 18,000 jobs by 2022

July 8th, 2019

Deutsche Bank would stop all share trading activity & cut 18,000 jobs by 2022 to restructure its business.

BUSINESS

Mindtree Chairman, CEO quit after L&T takeover

July 5th, 2019

Chairman Natarajan, vice chairman Parthasarathy NS and chief executive Ravanan have quit the company, after Mindtree hostile takeover.

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Alibaba Revenue Jumps 42 Percent in First Quarter