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Q3 Results: GAIL profit rises 121% on higher spot LNG prices

CFO News Room

State-run gas transporter GAIL ’s net profit increased 121.1% crore on a standalone basis in the quarter ended December, as the natural gas marketing business — GAIL’s largest revenue earner — reported a before-tax profit of Rs 1,749.7 crore against a loss of Rs 73.7 GAIL revenue increased 65.9% y-o-y to Rs 26,427.4

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Meta, Amazon, Snap, Pinterest: What to Watch in the Stock Market Today

CFO News Room

Technology shares are leading losses after Facebook parent Meta Platforms surprised investors with a bigger-than-expected profit drop. Snap , Pinterest and Amazon are all due to report after markets close, and are being pulled down premarket amid the broader tech gloom. billion profit in the recent quarter.

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China Leans On Banks To Revive Property Market

Global Finance

Policymakers are leaning on banks of all stripesfrom city commercial banks to state-owned giants such as ICBC and China Everbright Bankto stimulate a market hard-hit by falling home prices and property developer losses since the Covid-19 pandemic. In some cities, banks have cut rates for first-time homeowners.

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What Does the Market “Know” ?

Barry Ritholtz

The link was to James Mackintosh’s column “ Five Not-Quite-Impossible Things the Market Believes.” But rational people can reasonably disagree on anything market-related — after all, someone has to be on the other side of your trade. As to what the market “knows:” Stop Anthropomorphizing Mr. Market.

Marketing 128
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The Exciting World of Real Estate Flipping

CFO Plans

Flipping real estate properties is an enticing venture, promising substantial profits for those who master its intricacies. One common pitfall is underestimating the complexity of renovations or overestimating a property’s market value. Understanding Real Estate Investment Pitfalls can save you from making these costly mistakes.

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Amazon Breaks Record for One-Day Gain in Market Cap

CFO News Room

on Friday notched the largest-ever one-day gain in market value for a U.S. suffered the largest-ever loss. Both stocks have surged so far, so fast in recent years that any big move can rattle the broader market and set various records. by market value, behind. with a market capitalization of about $1.6 AMZN 13.54%.

Marketing 130
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FinTech Revolut’s Losses Triple As Customer Base Grows

PYMNTS

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. The company posted a total loss of $139.6 Revolut attributed the losses to its expansion into new markets and the introduction of new products. million (£106.5