Mhld earnings report

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × State Bank of India (SBI) is likely to report strong performance for the quarter ended March 2022 when it will declare its results on May 11. Experts expect India’s largest banker to report a robust on-year growth of 50 percent for the quarter and expect its net interest income (NII) to increase 16 percent over the same period last year. According to a poll of four brokerages conducted by Moneycontrol , SBI is likely to post a net profit of Rs 10,075 crore for the quarter ended March 2022 on a NII of Rs 31,360 crore. The bank had registered a PAT of Rs 6,451 crore during the corresponding period last year with NII coming in at Rs 27,067 crore. The profit during the October – December period stood at Rs 8,432 crore when the bank had registered a NII of Rs 30,687 crore. Close … [Read more...] about State Bank of India Q4 Results Preview | Profit may surge 50% on healthy loan growth, asset quality

(Image: Shutterstock) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Mahindra & Mahindra Ltd (M&M) is likely to report a year on year growth of about six times or 520 percent in standalone profit after tax to Rs 1,000 crore for the quarter ended March today. Sequentially, PAT is seen declining 25 percent due to higher cost of raw materials and other expenses as well as lower other income. Revenue for the Mumbai based automaker is expected to grow 26 percent on year to Rs 16,880 crore aided by increase in volumes, higher realisations and improved product mix in favour of better priced sports utility vehicles (SUV). The company had reported a standalone PAT of Rs 162.5 crore during the corresponding period in the previous financial year while achieving a revenue of Rs 13,338 crore. PAT was impacted by an exceptional … [Read more...] about M&M Results Preview | Profit to decline 25% sequentially on higher costs

- A + A KUALA LUMPUR (June 27): Costlier crude oil along with a stronger US dollar will erode Spritzer's Bhd profit margin, the bottled water producer admitted. "Costlier oil will translate into costlier PET resin, which is the main raw material used in making the [plastic] bottles. "PET resin is normally quoted in US dollar so a stronger US dollar would mean we will have to pay more for our PET resin," a company representative said in a brief email reply to theedgemarkets.com recently, when asked about the impact of surging oil prices on its manufacturing costs. According to the US-based PET Resin Association, PET — which is short for polyethylene terephthalate, the chemical name for polyester — is a clear, strong, and lightweight plastic made from crude oil and ethane extracted from natural gas that is widely used for packaging food and beverages, especially convenience-sized soft drinks, juices and water. Following Russia's incursion into Ukraine, oil prices … [Read more...] about Spritzer admits costlier crude oil, stronger US dollar will erode its profit margin

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A LAST week, CTOS Digital Bhd made a bold move to raise its stake in RAM Holdings Bhd (RAM), in which it already owns a 19.225% stake. This is the third acquisition that CTOS has undertaken within a year. CTOS, which bought into RAM shortly after it was listed in July last year, launched a general offer last week to buy out the remaining shares that it does not own in the credit rating agency (CRA) soon after it got the green light from the Securities Commission Malaysia (SC) to own more than 51%. CTOS has so far spent the bulk of the RM173.8 million raised from a private placement in March on mergers and acquisitions (M&A). RAM will be the first local CRA to have a controlling shareholder upon the completion of the takeover offer. Dollars and cents aside, the takeover bid has prompted some quarters to question whether the independence of RAM’s rating … [Read more...] about Making sense of CTOS’ venture into RAM

Austin Butler plays “Elvis” in Baz Luhrmann film. Image: AFP Baz Luhrmann’s rock’n’roll biopic “Elvis” hip-swiveled to the top of the box office on its opening weekend in North America, taking in an estimated $30.5 million in a rare tie with “Top Gun: Maverick,” industry watcher Exhibitor Relations reported Sunday. The nearly three-hour long extravaganza by director Luhrmann, known for glitzy films like “Moulin Rouge!” and “The Great Gatsby,” brought in nearly double the average for the musical biography genre, said analyst David A. Gross of Franchise Entertainment Research. Despite being a “risky proposition,” in part for casting relative newcomer Austin Butler as Elvis Presley alongside Tom Hanks as his exploitative manager, Colonel Tom Parker, the film has impressed audiences and critics, Gross said. “This is the Baz Luhrmann show, a music, dance and sex appeal spectacular. It’s a hit,” he said. “Elvis” was locked in a dead heat with “Top Gun: Maverick,” the … [Read more...] about ‘Elvis’ puts the King back in spotlight in North American theaters

A former Bloomberg journalist who broke up her marriage and left her career for “Pharma Bro” Martin Shkreli is opening up about their romance before he abruptly dumped her. Christie Smythe was a successful Bloomberg journalist and lived a privileged life with her then-husband, financier Devin Arcoleo, before she gave it all up for Shkreli, the “most hated man in America,” according to The Times. Shkreli earned his nickname after he raised the price of lifesaving drugs in 2015 and was sentenced to seven years in prison for securities fraud in 2017. The pair first met in person in 2016 when Shkreli was out on bail, and Smythe decided to write a book about him, his life, his ex-girlfriends, and more, The Times reported. (RELATED: Martin Shkreli Drops $100K Bounty For Info On Seth Rich’s Murderer) Smythe described Shkreli as “a quirky nerd, antagonistic, insecure, brimming with bravado and imposter syndrome, and extremely bad at the optics mainstream media relies on,” and not … [Read more...] about ‘Screw Everyone’: Journalist Who Blew Up Her Life For ‘Most Hated Man In America’ Is Finally Explaining Herself

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn't worked . Russia's government is making just as much money from energy exports as it was before the invasion. Meanwhile, inflation is surging globally, adding to political pressure on heads of state such as US President Joe Biden, British Prime Minister Boris Johnson and French President Emmanuel Macron. That's forcing leaders from top economies who have gathered in Germany for a G7 meeting to consider a new route: slapping price caps on Russian crude . "The goal here is to starve Russia, … [Read more...] about Price cap on Russian oil could shake up the market

- A + A HONG KONG/JOHANNESBURG (June 27): Prosus NV is planning to sell more of its US$134 billion stake in Chinese internet giant Tencent Holdings Ltd to finance a buyback programme, reversing a pledge to hold onto the full shareholding. Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload its stock. The shares fell as much as 2.5% and traded 1.6% lower at the close. “We will keep selling Tencent shares to buy back our own, it’s open-ended and an unlimited programme,” Prosus Chief Executive Officer Bob Van Dijk said in an interview. “It’s actually a small part of Tencent daily traded volumes — it should be maximum between 3% to 5%.” The move represents a change of heart by Dutch e-commerce giant Prosus — majority owned by South Africa’s Naspers Ltd — which said after its last sale in April 2021 it wouldn’t offload more shares for three years. The company, spun off from … [Read more...] about Tencent backer Prosus to cut US$134 bil stake to buy stock

- A + A COLOMBO (June 27): Sri Lanka will shut schools and only allow fuel supplies to services deemed essential like health, trains and buses for two weeks starting Tuesday, a minister said, in a desperate attempt to deal with a severe shortage. Sri Lanka is suffering its worst economic crisis, with foreign exchange reserves at a record low and the island of 22 million struggling to pay for essential imports of food, medicine and, most critically, fuel. Industries like garments, a big dollar earner in the Indian Ocean nation, are left with fuel for only about a week to 10 days. Current stocks of the country will exhaust in just under a week based on regular demand, Reuters calculations show. Sri Lanka will issue fuel only to trains and buses, medical services and vehicles that transport food starting Tuesday until July 10, Bandula Gunewardena, the spokesman for the government cabinet, told reporters. Schools in urban areas will be shut and everyone is urged to … [Read more...] about Sri Lanka stops fuel supply to non-essential services as crisis worsens

Share to Twitter Share to Linkedin If La Liga returned tomorrow, few teams would be nearly ready. It’s the summer transfer window. Players are holidaying, and most teams around Europe are intent on trimming their squads ahead of the preseason, let alone the thinking about the ultimate kick-off in mid-August. Behind the scenes, club departments are scanning the market, liaising with agents and managing outgoings. Some sides have acted quickly, and others still have plenty to do. In Spain, you can see both sides of the spectrum. If top-flight soccer began sooner than expected, national and European champion Real Madrid would be almost raring to go. Asides from the preseason rigors and getting players back up to speed, it has already assembled a squad to hit the ground running. In an alternate reality, financially compromised Barcelona—La Liga runner-up last time around—would be nowhere near prepared if the matches resumed shortly. With negotiations … [Read more...] about As Cash-Hungry Barcelona Attempts To Keep Up, Real Madrid Looks Dominant