Fidelity drops Fisher’s money management firm as withdrawals accelerate
FILE PHOTO: Kenneth Fisher, the founder, chairman, and Chief Executive Officer of Fisher Investments, speaks at the Reuters Investment Outlook Summit in New York, December 5, 2011. REUTERS/Brendan McDermidBOSTON (Reuters) - Fidelity…
Cadbury-fame Mondelez mops in 42% profit increase in FY19 in India
Mondelez’s Oreo range of biscuits getting packed in a facility. (Image: Bloomberg)Cadbury’s parent company Mondelez India Foods Private Limited mopped in net profit of Rs 462 crore, a whopping 42% jump in its last year profit numbers,…
Boomerang effect: Cut in repo rate may not bring down interest rates any time soon
For a bank to make a profit, there should be a significant difference between its lending and deposit rate.RBIhas cut down repo rates five times in a row since February 2019 but there is hardly any visible change in the lending rates of…
Asian shares edge higher, pound stumbles on Brexit drama
Hong Kong shares erased early losses to rise 0.26%.Asian stocks edged higher on Monday as Chinese shares reversed early losses due to hopes for progress in resolving the U.S.-China trade war and expectations for greater investment…
Iowa pension ends $386 million money management contract with Kenneth Fisher
(Reuters) - A $34 billion Iowa pension plan on Friday said it will terminate an investment contract with Kenneth Fisher, whose alleged insensitive remarks about women has cost his firm more than $1 billion in assets under management. The…
Oberoi Realty’s Sept quarter net profit drops 35% to Rs 138 crore
The company had reported a consolidated net profit of Rs 213.83 crore in the year-ago period, Oberoi Realty Ltd said in a filing to the BSE.Oberoi Realty Ltd on Sunday posted a 35.4 per cent decline in consolidated net profit at Rs…
HDFC Bank net profit jumps 27% to Rs 6,345 crore in Q2
Total deposits as on September 30 were Rs 10.22 lakh crore, an increase of 22.6% over September 30, 2018. (Image: Reuters)HDFC Bank on Saturday reported a 27% year-on-year (y-o-y) growth in net profit for the quarter ended September to…
HDFC Bank Q2 net profit up 25% at Rs 6,638 crore
It had reported a consolidated net profit of Rs 5,322.41 crore in the corresponding period a year ago, the bank said in a filing to the BSE.HDFC Bank on Saturday posted a 24.7 per cent rise in consolidated net profit at Rs 6,638.03 crore…