FY24 yeartodate net profit 39;substantially39; down vs FY23 Profit from marketsfacing businesses falls Shares fall 4.3 on softerthanexpected outlook Veteran banker Nicholas O39;Kane to leave SYDNEY, Feb 13 Reuters Australian financial conglomerate Macquarie Group said on Tuesday its ninemonth profit fell substantially due to weakness in its commodities and global markets business, adding the highprofile head […]

Reuters Tripadvisor Inc said on Monday the online travel agency had formed a special committee to evaluate proposals that may result in a deal, sending its shares up 14.2 in extended trading. Centerview Partners will act as the financial adviser to the special committee, which will also look into the recent Liberty TripAdvisor Holdings39; disclosure of […]

BENGALURU, Feb 13 Reuters Paytm39;s shares dropped 10 to a new record low on Tuesday, after brokerage Macquarie said the Indian payments firm faces an arduous task to shift customers to other banks by the central bankset Februaryend deadline. The Reserve Bank of India RBI, on Jan. 31, ordered Paytm affiliate Paytm Payments Bank to shut most of […]

BENGALURU, Feb 13 Reuters JSW Steel and Japan39;s JFE Steel will invest 55 billion rupees around 663 million in an Indian joint venture to produce grainoriented electrical steel, JSW said on Tuesday. Grainoriented electrical steel is a key component used in the manufacture of a variety of transformers such as distribution transformers, power transformers and small […]

LONDON, Feb 13 Reuters Europe39;s largest travel operator TUI on Tuesday reported far betterthanexpected first quarter results as it swung to a profit on the back of robust travel demand, sending its shares 7.4 higher in early trading in Frankfurt. The company reported an operating profit of 6 million euros 6.46 million versus a loss of […]

BENGALURU, Feb 13 Reuters Bosch, the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 62.5 climb in thirdquarter profit on Tuesday, buoyed by strong demand for its automotive parts. The company39;s net profit rose yearonyear to 5.18 billion rupees 62.4 million in the three months to Dec. 31. Bosch makes auto parts […]