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HPCL Q4 profit jumps 46% on strong refining margins

Hindustan Petroleum Corporation Limited reported a sharp rise in profit for the fourth quarter and full financial year 2025-26, supported by stronger refining margins, higher refinery throughput, and steady growth in fuel sales volumes. The state-run oil marketing company announced its financial results for the quarter and year ended March 31, 2026, on Wednesday. The… Continue reading HPCL Q4 profit jumps 46% on strong refining margins

Walmart to cut or relocate 1,000 corporate workers: is AI to blame again?

Walmart is cutting or relocating around 1,000 corporate employees as the retail giant consolidates parts of its global technology and artificial intelligence operations in a broader push to streamline decision-making and accelerate its digital transformation. The move, first reported by The Wall Street Journal on Tuesday, comes as Walmart increases investments in artificial intelligence, automation… Continue reading Walmart to cut or relocate 1,000 corporate workers: is AI to blame again?

Japan sells foreign stocks in April amid inflation worries

Japanese investors became net sellers of foreign stocks in April for the first time in four months, as concerns over rising energy costs linked to the Iran war and broader inflation risks weighed on sentiment toward overseas equities. Data released by Japan’s Ministry of Finance on Wednesday showed that investors sold a net 636.4 billion… Continue reading Japan sells foreign stocks in April amid inflation worries

Cipla Q4 profit misses estimates as US market competition weighs

Cipla, India’s third-largest drugmaker by revenue, reported weaker-than-expected fourth-quarter earnings on Wednesday as weak sales and intense competition in its key US market weighed on performance. The company’s consolidated net profit fell 54.6% year-on-year to 5.55 billion rupees ($58 million) for the quarter ended March 31. The earnings figure came in below analysts’ average estimate… Continue reading Cipla Q4 profit misses estimates as US market competition weighs

SoftBank’s OpenAI bet sparks $46 billion Vision Fund profit surge

Japanese technology investor SoftBank Group posted a sharp rise in quarterly profit on Wednesday as surging gains from its investment in OpenAI boosted the performance of its Vision Fund business. The company reported a net profit of 1.9 trillion yen ($12.05 billion) for the January-March quarter, compared with a profit of 517 billion yen in… Continue reading SoftBank’s OpenAI bet sparks $46 billion Vision Fund profit surge

Allianz reports strong Q1 growth driven by asset management, India deal

Germany’s Allianz on Wednesday reported a 52% rise in first-quarter net profit, supported by gains linked to the sale of stakes in its Indian joint ventures and strong performance in its property and casualty and asset management businesses. The insurer said it remained on track to achieve its full-year operating profit target despite weaker revenues… Continue reading Allianz reports strong Q1 growth driven by asset management, India deal

Nebius stock analysis: what next for this CoreWeave rival after earnings?

Nebius stock will be in the spotlight today as the European technology giant publishes its financial results, which are expected to show robust revenue and backlog growth. NBIS was trading at $129 on Tuesday, a few points below the all-time high of $197. Nebius stock in focus as it releases its financial results  The neocloud… Continue reading Nebius stock analysis: what next for this CoreWeave rival after earnings?