Indian Brokerage Angel Ones Q1 Profit Rises as Orders Jump

BENGALURU, July 15 Reuters Indian brokerage Angel One reported a higher firstquarter profit on Monday, boosted by a surge in orders amid increased trading activity. Consolidated profit increased by 32.6 yearonyear to 2.93 billion rupees 35.1 million in the three months to June 30. Indian benchmarks scaled record highs during the June quarter and logged their […]
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SolarEdge Technologies to Lay Off 400 Employees

July 15 Reuters SolarEdge Technologies said on Monday it would lay off 400 employees, of which 200 are in Israel, as it works to restore profitability and ensure financial stability. The action is being taken across all departments and includes a reduction in both headcount and discretionary spending, the renewable energy firm said in a letter […]
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AutoNation Expects Hit to Q2 Profit from CDK Outage

July 15 Reuters U.S. auto retailer AutoNation said on Monday it expects a 1.50 per share hit to its secondquarter profit due to the disruptions caused by a cyberattack at retail technology provider CDK in June, a crucial selling period for car dealers. The attack prompted CDK to take down its dealer management system DMS, […]
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Amazon Prime Day Sales to Hit Record 14B, Data Firm Says

July 15 Reuters Shoppers are likely to spend roughly 14 billion during Amazon39;s Prime Day twoday shopping event this week, according to projections from Adobe Analytics, a firm that studies ecommerce transaction data. Spending at Amazon on Tuesday and Wednesday could rise 10.5 from Prime Day 2023, Adobe said. The online retailer began holding Prime Day […]
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TSMC Q2 Profit seen Jumping 30 on Surging AI Chip Demand

Analysts expect secondquarter profit of T236.1 bln Q2 revenue jumps, beats market expectations Stock price has surged on chip demand for AI applications Earnings call at 0600 GMT on Thursday TAIPEI, July 15 Reuters Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 30 […]
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