Consolidated net profit for the three months through June rose to 91.08 billion rupees ($1.4 billion), up from 71.13 billion rupees a year earlier, said the Mumbai-based firm which is owned by India's richest man Mukesh Ambani . "Over the past four years, we made significant investments in new plants, thus creating organic growth platforms for our energy and materials businesses".
Spot gold prices were down 0.2 per cent at $1,238.04 an ounce at 1048 GMT, while USA gold futures for August delivery were 0.4 percent lower to $1,237.40 an ounce. Nordea Bank sank 5.15 percent in Stockholm after reporting a 26 percent fall in second-quarter net profit. The current account surplus increased to Euro 30.1 billion in May from 23.5 billion in April.
Currently, IBM is a Zacks Rank #4 (Sell), and is down 1.82% to $151 per share in after-hours trading shortly after its earnings report was released. That was a less negative reaction than the 5 percent drop after the first-quarter announcement on April 18.
Campbell Brown, Facebook's head of news partnerships, told attendees at the Digital Publishing Innovation Summit in NY on Tuesday that the company is launching the subscription-based news service, according to The Street . The recent development comes in a week after almost 2,000 publishers in the U.S. formed the News Media Alliance to get an anti-trust exemption from the Congress to negotiate over advertising revenue with digital platforms.
At the moment, we recommend that you download the Nintendo Switch Online app and install it on your device so you can avoid the last-minute scramble, which may congest their servers. Once you've done that, send a notification to your phone. Switch online app is now available for download online. You can play it online with friends, of course, but it's especially fun if you play locally by linking up multiple Switch units.
Bharatiya Janata Party ( BJP ) leaders demanded that Mayawati should apologise for her "threatening" comments in Parliament . Mayawati, 61, lost power in Uttar Pradesh in 2012 and her party was routed in this year's Assembly elections , winning 19 seats in the 402-member House.