Drop Financial News

Hindalco Industries on Tuesday reported a 40.4% year-on-year (YoY) drop in consolidated net profit for the June 2023 quarter to Rs 2,454 crore. Revenue from operations declined nearly 9% YoY to Rs 52,991 crore.

As China's foreign market continues to lose its presence, the country continues to witness downfall in its exports for the third consecutive month in July. Its foreign market fell by 14.5 per cent YoY last month. Notably, it was the biggest ever drop in export of China since 2020, according to official figures released Tuesday, as the world's second-largest economy faces sluggish global demand and a domestic slowdown.

New York | Two people found guilty in a corruption scandal involving KPMG US and the US audit regulator will have their convictions dropped, after prosecutors conceded they had misinterpreted the law.

Popular cryptocurrency exchange Huobi has experienced significant outflows of funds and a decline in its total value locked (TVL) amidst rumors of insolvency and Chinese investigations. 

Whirlpool of India Ltd reported a 10.6% drop in first-quarter profit on Monday, impacted by softer demand. The company, known for its refrigerators, washing machines and air conditioners, said consolidated net profit for the three months ended June 30 fell to 748.8 million rupees ($9.05 million) from 837.3 million rupees a year earlier.

Coinbase has reported a significant drop in consumer trading volume, which has raised concerns for the crypto industry. 

Frontier Airlines CEO Barry Biffle joins 'Maria Bartiromo's Wall Street' to discuss a new report by the Government Accountability Office claiming airlines were to blame for 60% of cancellations from October through December 2021.

Apple eked out slightly higher profit even though sales dipped during its latest quarter

Cardi B hurled a microphone at a member of the crowd during her performance at Drai's Beachclub last weekend. The investigation was prompted when a show attendee allegedly threw water at the performer, leading to the now-infamous microphone throw. However, due to «insufficient evidence,» Cardi B will not face any charges, as announced by the Las Vegas Metropolitan Police Department in a statement reported by PA news agency.

Airtel's improving subscriber mix, cost-led margin improvement, and improving free cash flow generation in the June quarter were strong enough reasons for the US brokerage to reiterate a buy. Hong Kong-based CLSA too maintained a 'Buy' stance on the counter, arguing for a favourable risk-to-reward ratio. The stock jumped nearly 2% on the NSE to attain its day's high of Rs 482.

technology companies. “We've been doing research across a wide range of AI technologies, including generative AI, for years. We're going to continue investing and innovating and responsibly advancing our products with these technologies to help enrich people's lives," Cook said.

“Given solid 7.9% revenue growth in H1 on constant currency, we think it is a solid set of results despite the headline cost miss, which is driven by a one-off,” BofA analysts said.

Vedanta Ltd. traded 6.82 per cent down at Rs 253.65 at 02:10PM (IST) on Thursday, even as BSE benchmark Sensex dropped 784.02 points to 64998.76. The stock had settled at Rs 272.2 in the previous session.

LTIMindtree Ltd. traded at Rs 4859.95 on BSE at 11:57AM (IST) on Thursday, down 0.06 per cent. The stock quoted a 52-week low price of Rs 4120.0 and a high of Rs 5425.0.

Long Island has died after she was left in a car for eight hours while her grandmother went to work, Suffolk County police said Tuesday.The little girl, named Chyasia Evans, was supposed to be dropped off at daycare on Monday morning, but her grandmother forgot and went straight to work. She got out of the car, a red Jeep Cherokee, and left the child in a car seat in the back, NBC New York reported.About eight hours later, at 4:20 p.m., the child was supposed to be picked up from daycare, so the grandmother left work and found the child still inside her car.At that point, she was already not breathing, according to the audio recording of the 911 call.The toddler was rushed to Saint Catherine of Siena Medical Center in Smithtown, a small town on Long Island, where she was pronounced dead.

₹6,577 per bbl, having swung between ₹6,546 and ₹6,784 per bbl during the session so far, against a previous close of ₹6,727 per barrel.

(Reuters) — Phillips 66 (NYSE:PSX) reported a 46% fall in second-quarter profit on Wednesday, the latest U.S. refiner to signal the hit from a decline in margins from last year's sky-high levels when Russia's invasion of Ukraine squeezed fuel supplies.

Japanese shares slid on Wednesday to their biggest one-day percentage drop this year, as caution prevailed across Asia after a surprise cut on the U.S. credit rating weighed on sentiment. Japan's benchmark Nikkei average closed down 2.30% at 32,707.69 in its sharpest one-day drop since Dec.

Shree Cements Ltd. traded at Rs 24015.55 on BSE at 12:33PM (IST) on Wednesday, down 0.32 per cent. The stock quoted a 52-week low price of Rs 20061.65 and a high of Rs 27013.0.

Shriram Finance Ltd. traded 0.45 per cent lower in Wednesday's session at 11:32AM (IST).

Bitcoin is currently trading near $29,900, experiencing a decline from its recent peak of $29,900.