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Latest Articles in Companies Markets

Tesla supplier LG Chem to boost battery capacity

The South Korean firm forecast a further rise in its battery sales and profit in the fourth quarter after posting record quarterly earnings thanks to growing demand for electric vehicle (EV) batteries.

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LTI Q2 Net Profit Rises 27% To Rs 457 Cr

Its revenue grew 16.6 per cent to Rs 2,998.4 crore in the reported quarter from Rs 2,570.7 crore in the year-ago period.

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Norway's Telenor Lifts 2020 Earnings View After Third-Quarter Beat

Shares in the telecoms provider, which late on Tuesday sold its headquarters to free up capital, were 3% higher at 0805 GMT, outperforming a 0.2% decline in Oslo's benchmark index.

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Global Markets: Stocks And Bonds Yields Climb As Investors Eye US Stimulus

The MSCI world equity index, which follows shares in nearly 50 countries, gained 0.1%, buoyed by a 0.5% gain for Asia-Pacific shares outside Japan.

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Credit Suisse Teams Up With AXA For Digital App

Switzerland's second-biggest bank last month unveiled the CSX app that seeks to challenge fintechs such as Revolut by offering free foreign transactions and fully digital wealth management.

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Sahaj Appoints Amit Kumar Singh As CEO

Amit will be responsible for leading the company's initiative to enrich rural lives by providing last mile reach for various products and services through a vast trusted network of partners and franchisees.

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Lilly Hires Outside Advisor For COVID Drug Plant Problems

The company reiterated that it had not received a warning letter from the U.S. Food and Drugs Administration following inspections at the plant first revealed by Reuters last week.

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World Trade Rebounding Slowly, Outlook Uncertain - UN report

Global trade recovered somewhat in the third quarter, when it was estimated at about 4.5% less than in the same period a year ago, the agency said in its latest update.

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Ericsson's Third-Quarter Earnings Shine As Margins Rise, 5G Rolls Out In China

Ericsson's 5G contract wins have touched 112 as more telecom operators are building next-generation networks and as diplomatic pressure from the United States is pushing out market leader Huawei from more countries.

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Malaysia's September CPI Drops 1.4% Y/Y, More Than Forecast

The drop was more than the 1.3% decline forecast by 10 economists in a Reuters poll. In August, the index had fallen 1.4%.

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Nestle Raises Full-Year Guidance After Third Quarter Sales Beats Poll

Sales in Swiss francs fell 9.4% to 61.9 billion Swiss francs ($68.33 billion) hit by the sale of Nestle Skin Health and the U.S. ice cream business.

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Stock Market Daily Updates: 21 Oct 2020

The Nifty future is moving in a narrow range of 11909 to 12008 points. The Nifty future could retest the crucial upper resistance of 11933-11989 points in the short term. Immediate support to be watched at 11909 points.

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Brazil's Petrobras Boosts Production Outlook In Recovery From COVID-19 Halts

The revision will not come as a shock to the market as the company has consistently produced at levels above formal guidance this year, and executives had previously faced questions about whether their guidance was too conservative.

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Nifty, Sensex Rise On Gains In Banking, Energy Stocks

The NSE Nifty 50 index rose 0.77% to 11,988.00 by 0353 GMT, while the S&P BSE Sensex was up 0.78% at 40,858.85.

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