Having reported record high revenue, profits and free cash flows, Tata Motors now expects to become net automotive debt free on a consolidated basis in FY25, it said in a stock exchange filing. The company is ‘cautiously optimistic’ on domestic demand over the full year, but expects the first half of the financial year to … Read more
Seoul: LG Electronics said on Friday that its operating profit for the first quarter of this year fell more than 10 per cent from a year earlier, due to rising costs and intensifying competition. Its first-quarter operating profit came to 1.33 trillion won ($984.9 million), down 11 per cent from 1.5 trillion won a year … Read more
Semiconductor Manufacturing International Corp (SMIC), China’s top contract chip maker, reported declines in revenue and net income for 2023 amid weakening global demand, stiff competition and high inventory levels. SMIC’s revenue for the full year was US$6.32 billion, compared with US$7.27 billion in 2022. Net income for the latest year fell 50.4 per cent to … Read more
Samsung Electronics posted its sixth straight quarter of declining operating profit, reflecting stubbornly weak demand for consumer electronics globally. Korea’s largest company reported a 35 per cent fall in operating income to 2.8 trillion won (US$2.1 billion), versus the 3.7 trillion won average of analysts’ estimates. Revenue came to 67 trillion won, compared with projections … Read more
Samsung Electronics is expected to report its smallest profit drop in six quarters, analysts estimate, as a rebound in semiconductor prices shrinks losses in the South Korean company’s mainstay chip division. The world’s biggest maker of memory chips, smartphones and televisions is expected to show a 14 per cent fall in fourth-quarter profit when it … Read more
Opinions expressed by Entrepreneur contributors are their own. Experience is everything. That’s the underlying belief of FB Society, a Dallas-based hospitality company operating numerous restaurant concepts that are intrinsically innovative and scalable. FB Society CEO Jack Gibbons’ history of scaling unique restaurant concepts is marked by a pragmatic understanding that profit is not just desirable, … Read more
Paytm New Delhi: Fintech giant Paytm is leveraging artificial intelligence (AI) to revolutionise payments and financial services like wealth management, Paytm Founder and CEO Vijay Shekhar Sharma said in an interview with Bloomberg. Paytm’s AI-driven strategy has helped it reduce workforce while continuing to innovate for India. “As we lead the AI revolution in India, … Read more
