Banking Radar: Retail bank cost-income ratio drops in 2023 and profit per customer rises
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IT companies log strong revenue growth outside key North America market
India’s top IT services exporters are seeing revenue growth in parts of Europe and regional markets — the Middle East & Africa (MEA) and India and Asia Pacific (APAC) — outpacing that in the traditional stronghold of North America, which is experiencing flattening demand.Currently, for most IT services firms, the North American market contributes 50-60% to the total revenue, followed by Europe at around 30%. The regional markets still constitute a small portion of the total revenue pie.However,...
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Stellantis Revenues Drop, But Automaker Builds America’s Three Best-Selling PHEVs
Stellantis reported a disappointing first quarter as net revenues dropped 12%. The company is expecting a brighter future as they’re gearing up to launch 25 new models. The Jeep Wrangler, Grand Cherokee, and Dodge Hornet are the best-selling plug-in hybrids in America. Stellantis reported their first quarter results and the numbers were rough as net revenues fell 12% to €41.7 ($44.6 / £35.6) billion. That’s a disappointing result and the company chalked up the poor performance to “volume, mix...
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Stock Of The Day: Trent's Q4 Revenue, Profit Rise — Key Levels, Analyst View
Tata retailer Trent Ltd.'s revenue and net profit rose in the fourth quarter of fiscal 2024. Revenue jumped 53.4% year-on-year to Rs 3,187 crore during the January-March period. This compares to Rs 2,077 crore in the same period last year.Net profit of the Tata Group company rose to Rs 712 crore from Rs 45 crore in the previous year, aided by a one-time lease readjustment gain of Rs 543 crore, with a tax thereon of Rs 138 crore.Gross margin surprise was offset by employee costs, which saw a...