© Reuters. FILE PHOTO: The Toyota logo is seen on the bonnet of a newly launched Camry Hybrid electric vehicle at a hotel in New Delhi, India, January 18, 2019. REUTERS/Anushree Fadnavis/File photo By Sarita Chaganti Singh and Aditi Shah NEW DELHI (Reuters) – Japan’s Toyota Motor (NYSE:) is lobbying…

© Reuters. FILE PHOTO: A general view of the Samsung SDI battery factory in God, Hungary, December 12, 2022. REUTERS/Marton Monus By Heekyong Yang and Soo-hyang Choi SEOUL (Reuters) -South Korea’s Samsung (KS:) SDI said on Monday it will supply Hyundai Motor (OTC:) with electric vehicle (EV) batteries for seven…

© Reuters. Australian mining entity, South32 (OTC:), has initiated a cost review in Q1 2024 to counter the global mining industry’s inflationary pressures. Amidst macroeconomic challenges, the firm has planned to reduce costs across its operations and offices this fiscal year and the next. CEO Graham Kerr emphasized the need…

© Reuters. FILE PHOTO: A woman drives past the logo of Foxconn outside the company’s building in Taipei, Taiwan November 9, 2022. REUTERS/Ann Wang/File Photo By Yimou Lee and Ben Blanchard TAIPEI (Reuters) – Foxconn, a major supplier of Apple (NASDAQ:)’s iPhones, is facing a tax probe in China, two…

© Reuters. Unilever (LON:) Nigeria Plc has reported a significant 26% increase in turnover for the first three quarters of 2023, reaching N81.6 billion. This marks a substantial rise from N64.8 billion recorded during the same period in 2022. The gross profit also saw an increase, climbing 13% to N19.4…

© Reuters Kotak Mahindra Bank reported a robust 24% increase in its Q2 net profit to Rs 44.61 billion ($536.4 million), primarily driven by significant improvements in its retail banking sector and a substantial surge in revenue. The bank’s revenue rose 24% to Rs 215.6 billion, propelled by gains in…

© Reuters. In the latest corporate developments, Tejas Networks announced the appointment of Sumit Dhingra as Chief Financial Officer. This news comes alongside a series of financial updates from various companies, including ICICI Bank, Kotak Mahindra Bank, YES Bank and IDBI Bank, all of which reported increases in profit for…

© Reuters Kotak Mahindra Bank reported a 24% profit growth and a 23.5% net interest income increase in its second quarter results. This financial performance comes amid a period of uncertainty for the bank, driven by leadership changes and potential acquisitions. The bank recently appointed Ashok Vaswani as its new…

© Reuters. Indian banks and financial institutions have reported a promising second quarter (Q2), with several entities posting significant growth in net profits. ICICI Bank’s September quarter net profit and net interest income surged by 36% and 24%, respectively. Kotak Bank, under the new leadership of RBI-sanctioned MD & CEO…

© Reuters IRM Energy, a gas distribution company, recently concluded its Initial Public Offering (IPO), which attracted an impressive subscription rate of over 27 times. The company received bids for a staggering 20,62,70,910 crore shares, significantly surpassing the available 76,24,800 shares. Notably, the public issue was subscribed 2.73 times on…