© Reuters. FILE PHOTO: Striking United Auto Workers member Candis Holmes pickets outside the Ford Michigan Assembly Plant in Wayne, Michigan U.S., September 19, 2023. REUTERS/Rebecca Cook/File Photo By Bianca Flowers and Lisa Baertlein (Reuters) – The tentative agreements reached between the United Auto Workers and the Detroit Three automakers…

© Reuters. South Korean oil company S-Oil, a subsidiary of Saudi Aramco (TADAWUL:), reported substantial gains in its third-quarter financial results, reversing a loss from the second quarter. The company posted a net profit of KRW545.44 billion ($402.2 million), outperforming the consensus forecast compiled by FactSet. The rebound in profits…

© Reuters. The United Automobile Workers (U.A.W.) union is planning to extend its influence to nonunion automakers such as Toyota (NYSE:), Honda (NYSE:), and Tesla (NASDAQ:), following significant wage and benefit improvements secured from Detroit automakers Ford and Stellantis (NYSE:). This strategy was announced by U.A.W. President Shawn Fain during…

© Reuters. United Auto Workers union President Shawn Fain joins UAW members who are on a strike, on the picket line at the Ford Michigan Assembly Plant in Wayne, Michigan, U.S., September 15, 2023. REUTERS/Rebecca Cook By Joseph White and David Shepardson DETROIT (Reuters) -United Auto Workers leaders approved a…

© Reuters. Reliance Industries Ltd (RIL) has reported a better-than-expected performance for the second quarter of fiscal year 2024, surpassing EBITDA estimates by 2%. The company’s robust earnings have been driven by strong energy revenues and significant growth in retail sales. Today, RIL announced a 27% surge in consolidated net…

© Reuters. Union Bank reported a robust performance for the third quarter of the fiscal year 2024, with a net profit of ₹3,511 crore. The bank’s net interest income rose by 10% year-on-year to ₹9,126 crore, and its net interest margin expanded by three basis points to 3.18%. The bank’s…

© Reuters. Indian equity benchmarks and NSE Nifty are set to undergo a 10-day closure in November 2023, due to holidays including Diwali Balipratipada and Gurunanak Jayanti. The BSE, which is the country’s oldest exchange, has listed a total of 15 holidays for the equity, equity derivatives, and SLB segments…

© Reuters. HSBC has reported a significant surge in its Q3 profits for 2023, which more than doubled to $7.7 billion. The bank’s revenue also saw an impressive increase, climbing 40% to reach $16.2 billion. These robust figures were primarily driven by higher interest income from rising rates and a…

© Reuters. Cello World, a prominent player in the consumer goods market, has announced the launch of its Initial Public Offering (IPO) today, Monday. The offering, which is scheduled to run from October 30 to November 1, aims to raise ₹1,900 crore through an offer for sale (OFS) of up…

© Reuters. Bharat Electronics Limited (BEL) has reported a year-on-year increase of 33% in its net profit for Q2FY24, reaching ₹812.3 crore up from ₹611 crore in the previous fiscal year. This comes despite a minor dip in the company’s stock, which opened at ₹132.75 and decreased by 0.3% to…