JSW Steel’s consolidated net profit declined over 20% on a year-on-year basis to Rs 3,343 crore, missing the Street’s estimates of Rs 4,558.20 crore for the quarter ended March 31, 2022, due to an exceptional item of Rs 741 crore primarily towards impairment in its US subsidiary. “A subsidiary in USA received a final arbitration […]
Even as the foreign portfolio investors stayed away from the secondary markets during FY22, they maintained their investment interest in primary market during the November-December period when big-ticket initial public offerings (IPOs) hit the capital markets, said the RBI annual report. Overseas investors, who have been offloading Indian shares at a record pace, remained net […]
India’s non-alcoholic beverages market is expected to grow to Rs 1.47 trillion by 2030 at a compound annual growth rate (CAGR) of 8.7%, from around Rs 67,100 crore in 2019, the Indian Council for Research on International Economic Relations (Icrier) said in a detailed analysis. Carbonated soft drinks (CSDs), ready-to-drink teas (RTDs), energy drinks, and […]
Bloomberg Surveillance: Early Edition, live from London and New York. Francine Lacqua, Anna Edwards, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. UK Prime Minister Boris Johnson discusses the war in Ukraine in an interview with Bloomberg’s Kitty Donaldson. NatWest Chairman Howard […]
Matt Miller and Kriti Gupta fill in for Jonathan Ferro to highlight the market-moving news you need to know heading into the opening bell on Wall Street. Stocks climbed after data showed US consumer spending remains strong despite persistent inflationary pressures, bolstering the outlook for corporate profits. Academy’s Peter Tchir, Advisors’ Joanne Feeney and J.P. Morgan’s Jack […]
Matt Miller fills in for Jonathan Ferro to highlight the market-moving news you need to know with 30 minutes dedicated to fixed-income. Featuring a round-table including Goldman Sachs’ Amanda Lynam, BlackRock’s Marilyn Watson and FS Investment’s Troy Gayeski.
Mining is responsible for more than 7% of global emissions — but the metals that it produces are at the very core of the green transition. So how do we get what we need to power the climate revolution without scarring the Earth? In this episode of Bloomberg Green, we take a look at how […]
It was the “wrong decision” not to break into the classroom where children were being killed, Steven McCraw, director of the Texas Department of Public Safety, says during a news conference. Police in Texas initially didn’t try to break down the classroom door where 19 children were killed because they believed the gunman was barricaded alone […]
Small business support platform Enterprise Nation has extended its SME finance hub to include access to support with applying for and claiming R&D Tax Credits and applying for mortgage, protection, pension and investments, in a pioneering one-stop-shop for small business finance. The new-look hub builds on the existing features offered by Capitalise, the business finance platform, […]
ZigZag Global, the global platform that empowers retailers to turn their returns policy into a business game-changer, today announced new insights that show retailers in the UK could be missing out on £19 billion worth of business if their returns policy is not up to scratch. Online fashion is still the most valuable sector of […]