India Inc finds a silent saviour throughout demand stoop

[ad_1] Combination income of 182 corporations which have declared first quarter outcomes thus far confirmed a marginal enchancment to rise 5.4% year-on-year (y-o-y), a Mint evaluation confirmed. Internet earnings, nevertheless, zoomed 23%, as uncooked materials prices fell 14% over the 12 months, the steepest decline in eight quarters. Uncooked materials prices have been additionally 15% … Read more

Vedanta Group promoters siphoning income through unique HZL provide deal: Viceroy

[ad_1] American short-seller Viceroy Analysis on Wednesday stated that the promoters of the Vedanta Group have been “siphoning margins” from listed group firm Hindustan Zinc Ltd (HZL) by supplying commodity items to it at inflated costs on an unique foundation. It alleged that Minova Runaya Pvt. Ltd (Mrpl), a 49% promoter-owned entity, has an unique … Read more

SK hynix posts report earnings on surging AI demand

[ad_1] South Korean chip large SK hynix reported report quarterly earnings Thursday because of hovering demand for synthetic intelligence. The world’s second-largest reminiscence chip maker dominates the marketplace for high-bandwidth reminiscence (HBM) semiconductors and is a key provider for US titan Nvidia. The agency stated working revenue climbed nearly 70 p.c to 9.21 trillion gained … Read more