Heavy Rain Batters Mumbai, Hits Rail, Road Transport

NDTV News

Since Monday evening, torrential rains have been pounding the city. Heavy rains hit parts of Mumbai and neighbouring Thane and Palghar districts of Maharashtra on Wednesday, affecting some local train and bus services due to water-logging on rail tracks and roads, officials said. By evening, winds picked up, reaching upto 70 km per hour. Photos … Read more Heavy Rain Batters Mumbai, Hits Rail, Road Transport

Subaru Sees Annual Profit Sinking To 9-Year Low As Coronavirus Hits Car Sales

Subaru saw an operating loss of 15.7 billion yen in the April-June quarter, biggest one in 11 years

Subaru expects annual operating profit to sink 62% to 80 billion yen ($754.3 million), its lowest since the 2011/12 financial year, and weaker than analyst estimates compiled by Refinitiv. By  Reuters | Updated: 1 hour ago 0  Views View Photos Subaru saw an operating loss of 15.7 billion yen in the April-June quarter, biggest one … Read more Subaru Sees Annual Profit Sinking To 9-Year Low As Coronavirus Hits Car Sales

Google's $2.1 Billion Fitbit Deal Hits Roadblock As EU Opens Probe

Google Extends Work From Home For Employees Till June 30 Next Year

European Union has launched an investigation into the Google-Fitbit deal Alphabet unit Google’s bid to take on Apple and Samsung in the wearable technology market by buying Fitbit hit a hurdle on Tuesday as EU antitrust regulators launched an investigation into the $2.1 billion deal. The move by the European Commission on Tuesday came despite … Read more Google's $2.1 Billion Fitbit Deal Hits Roadblock As EU Opens Probe

Suzuki First-Quarter Profit Nearly Wiped Out As Covid19 Hits India Sales

NDTV News

Suzuki said it booked an extraordinary loss of 15.4 billion yen during the quarter. Tokyo: Suzuki Motor Corp on Monday saw its operating profit nearly wiped out during the first quarter because of plunging car demand in India, its biggest market which has one of the world’s highest novel coronavirus infection rates. Japan’s No 4 … Read more Suzuki First-Quarter Profit Nearly Wiped Out As Covid19 Hits India Sales

Suzuki First-Quarter Profit Nearly Wiped Out As Coronavirus Hits Sales

Suzuki declined to offer forecasts for full-year profit and dividends, citing ongoing uncertainties

Suzuki Motor Co., Japan’s No. 4 automaker, posted an operating profit of 1.3 billion yen ($12.29 million), higher than a consensus forecast for a loss of 38 billion yen drawn from six analysts polled by Refinitiv. By  Reuters | Updated: 4 minutes ago View Photos Suzuki declined to offer forecasts for full-year profit and dividends, … Read more Suzuki First-Quarter Profit Nearly Wiped Out As Coronavirus Hits Sales

Mob Hits Doctor As COVID-19 Woman Dies, Case Against 10 In Gujarat: Cops

NDTV News

Ten people damaged property like the gate and cabin of the COVID hospital: Police (Representational) Veraval, Gujarat: A case was lodged against 10 persons, six of whom were detained, on Saturday for allegedly attacking a doctor after the death of a suspected COVID-19 patient in Veraval in Gujarat’s Gir Somnath district, the police said. The … Read more Mob Hits Doctor As COVID-19 Woman Dies, Case Against 10 In Gujarat: Cops

Fiscal Deficit Hits Record High In First Quarter As Pandemic Hits Economy

NDTV News

In April-June, fiscal deficit reached 83.2 per centof the target for the whole India’s fiscal deficit touched record levels of over Rs 6.62 lakh crore in the April-June quarter, 83.2 per cent of the target for the whole of the current fiscal year, reflecting the impact of the coronavirus pandemic on tax collections and as the government … Read more Fiscal Deficit Hits Record High In First Quarter As Pandemic Hits Economy

Google Parent Alphabet Sees Dive in Profit as Coronavirus Hits Ad Market

Google Parent Alphabet Sees Dive in Profit as Coronavirus Hits Ad Market

Google parent Alphabet reported a rare drop in revenue and profit on Thursday in a quarterly update that nonetheless topped market expectations. Profit slumped some 30 percent to $6.96 billion (roughly Rs. 52,015 crores) from a year for the online giant that relies on digital advertising for most of its income. Revenues dipped two percent … Read more Google Parent Alphabet Sees Dive in Profit as Coronavirus Hits Ad Market

Google Parent Alphabet's Profit Drops 30% As COVID-19 Hits Ad Market

NDTV News

Google shares were little changed in after-market trading following the release Google parent Alphabet reported a rare drop in revenue and profit on Thursday in a quarterly update that nonetheless topped market expectations. Profit slumped some 30 per cent to $6.96 billion from a year for the online giant that relies on digital advertising for … Read more Google Parent Alphabet's Profit Drops 30% As COVID-19 Hits Ad Market

Spotify Hits 138 Million Paid Subscribers as Music Streaming Demand Rebounds

Spotify Hits 138 Million Paid Subscribers as Music Streaming Demand Rebounds

Spotify Technology said on Wednesday music streaming demand had rebounded from coronavirus-related weakness at the start of the quarter and its paid subscribers reached 138 million, ahead of Wall Street estimates. However, the company’s quarterly revenue missed analysts’ estimates, hit mostly by a 21 percent fall in ad-supported revenue as the spread of the pandemic … Read more Spotify Hits 138 Million Paid Subscribers as Music Streaming Demand Rebounds