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Glenmark Pharma reported Rs 340 crore net profit in Q2FY25 led by robust sales growth in India and Europe. The drugmaker reported a net loss of Rs 180 crore in the corresponding quarter of the previous year. Revenue rose 7% YoY to Rs 3,434 crore in Q2FY25. EBITDA grew 30.2% YoY to Rs 602 crore, […]
BEIJING (Reuters) โหApple’s (AAPL) iPhone sales in China slipped 0.3% while rival Huawei posted a 42% surge in the third quarter of 2024, as competition intensifies in the world’s largest smartphone market. Apple reached second place with a 15.6% market share, though down 0.5 percentage points year-on-year, while Huawei claimed third place with 15.3%, gaining […]
Sixteen major Hong Kong banks said they would set aside HK$370 billion (US$47 billion) of funds for small and medium-sized enterprises (SMEs) to cope with economic hardships. The loan amount could potentially rise after the cityโs de facto bank lowered a key capital requirement with immediate effect on Friday. The Hong Kong Monetary Authority (HKMA) […]