Leading NBFC Bajaj Finance is expected to post healthy growth in its core earnings for the first quarter ended June 2024. Net interest income for the reporting June quarter is likely to grow 26% year-on-year, according to an average estimate of four brokerages. Profit after tax (PAT), meanwhile, is seen rising 16% year-on-year. The company’s … Read more
NEW YORK: Macy’s forecast annual sales below market expectation on weak demand for its apparel and shoes and said it would close 150 stores through 2026 in a new turnaround plan, sending its shares down about 3% before the bell on Tuesday. The retailer did not provide details on the location of stores set to … Read more
SHANGHAI: China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by strong competition and faltering economic recovery in the world’s second-largest economy. US-listed shares of Alibaba fell nearly 6% as the company’s plan to buy back $25 billion of its stock failed to drum up investor enthusiasm. Alibaba’s Hong Kong shares … Read more