NTPC Q1 results: Profit falls 5% YoY to Rs 2470 crore, beats Street estimates

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NTPC Q1 results: Profit falls 5% YoY to Rs 2470 crore, beats Street estimates

Analysts in an ET Now Poll had estimated NTPC to report a profit of Rs 2,100 crore. The company had reported a net profit of Rs 2,602.79 crore in the same quarter a year ago. Its revenue from operations dropped to Rs 23,453.46 crore, down 3.06 per cent YoY, …
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'China's Netflix' is being investigated by the SEC for alleged fraud

Hong Kong (CNN Business) Investors are getting nervous about iQiyi (IQ), the online streaming provider often referred to as the “Netflix of China,” as regulators examine allegations of inflated earnings. Shares of the Nasdaq-listed company fell 11.6% in …
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Coronavirus vaccine developer CureVac raises $213.3 million in US IPO

(Reuters) – CureVac BV said on Friday it raised $213.3 million in its initial public offering in New York, setting the stage for the first stock market debut of a company developing a potential vaccine to combat the coronavirus. The German biotechnology firm, …
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Hindalco Industries posts Q1 loss of Rs 709 crore

The Aditya Birla Group firm in a statement said that “on account of certain special items, including charitable contributions towards COVID relief, ex-gratia paid to employees for their contribution during COVID, and Aleris acquisition costs, the reported PAT was …
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Alibaba, Xiaomi to join Hong Kong's Hang Seng Index

HONG KONG (Reuters) – E-commerce conglomerate Alibaba , handset maker Xiaomi and WuXi Biologics will enter the Hang Seng next month, broadening Hong Kong’s traditionally financial services-dominated …
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