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Profit or loss of a PSU not among criteria for disinvestment: Fin Min

CFO News

The finance ministry informed the Parliament that profit or loss of a state-run company is not among the relevant criteria for its privatisation or disinvestment policy but it’s based on the economic principle that the government should discontinue in sectors where competitive markets have come of age.

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Q3 Results: GAIL profit rises 121% on higher spot LNG prices

CFO News Room

State-run gas transporter GAIL ’s net profit increased 121.1% crore on a standalone basis in the quarter ended December, as the natural gas marketing business — GAIL’s largest revenue earner — reported a before-tax profit of Rs 1,749.7 crore against a loss of Rs 73.7 GAIL revenue increased 65.9% y-o-y to Rs 26,427.4

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Facebook’s Shares Plunge After Profit Decline

CFO News Room

startled investors with a sharper-than-expected decline in profits and a gloomy outlook in its first earnings report since Chief Executive. If shares dropped that much when trading opens on Thursday, it would wipe more than $175 billion from the tech giant’s market capitalization. Meta Platforms Inc. Mark Zuckerberg. David Marcus.

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Meta, Amazon, Snap, Pinterest: What to Watch in the Stock Market Today

CFO News Room

Technology shares are leading losses after Facebook parent Meta Platforms surprised investors with a bigger-than-expected profit drop. Snap , Pinterest and Amazon are all due to report after markets close, and are being pulled down premarket amid the broader tech gloom. billion profit in the recent quarter.

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1st Quarter 2024 Economic And Market Outlook: Potential Increased Volatility, Threats To Economic Growth, And Equity Markets

Nerd's Eye View

Notably, the work-from-home movement has resulted in a dramatic drop in office valuations that could lead to a whole host of issues, including lending constraints in the banking sector, which is already sitting on a mountain of unrealized losses on Treasuries and mortgages.

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#FA Success Ep 374: Turning Your Marketing Loss Leader Into A Positive Revenue Diversifier By Getting Clear About The Value, With Dianne Nolin

Nerd's Eye View

Dianne is the Managing Partner of Argent Bridge Advisors, a hybrid advisory firm based in Vienna, Virginia, that oversees $500 million in assets under management for 350 client households.

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The Seven Samurai: How Big Tech Rescued the Market in 2023!

Musings on Markets

I was planning to finish my last two data updates for 2024, but decided to take a break and look at the seven stocks (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) which carried the market in 2023. In terms of dollar value added, Microsoft and Apple each added a trillion dollars to their market capitalizations, during the year.

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