Meet R Thyagarajan, the man who donated his wealth to employees

Panasonic records 42% surge in Q1 profit, keeps full-year forecast

After pushing its market value up by 550 billion dollars this year Tesla's quarterly earnings report is out and it's a roller coaster ride of surprises and challenges alike. Despite facing increasing competition and a challenging economic climate Tesla managed to beat profit estimates but the company's automotive gross margin has witnessed a significant drop compared to the previous year.

Tesla's profit margin suffers amid price wars

It’s not all ‘chill’ in the streaming world of Netflix, as the company's q2 earnings report has left investors disappointed. Despite adding 5.9 million new streaming customers and surpassing earnings predictions, Netflix fell short of analyst estimates, causing shares to tumble nearly 9% in after-hours trading.

Netflix’s revenue reality check

Real Madrid close 2022-23 financial year with 12 million euros profit

China's industrial profits take a plunge: Economy looks for a makeover

Shell accused of 'profiteering bonanza' after massive profits

Corporate America is facing its sharpest drop in profits since the early stages of the coronavirus pandemic, according to Wall Street forecasts, as high inflation squeezes margins and fears of an impending recession hold back demand.

US companies face biggest decline in profits since Covid shutdowns

Huawei profits slump, but revenue edges up

BP has scaled back its climate ambitions as it announced that its annual profits have more than doubled to $28 billion in 2022, after a sharp increase in gas prices linked to the Ukraine war boosted its earnings.

BP scales back climate goals as profits double

In line with the previous three months, Shell announced a new $4 billion share buyback programme to be carried out over the following three months. Prior to the pandemic in 2019, it repurchased $19 billion worth of shares in the year ending in February 2023, almost twice as much.

Shell: $4 BN worth shares to be repurchased, highest profit in 115 years

Oil and gas giant Shell has reported its highest ever annual profits after energy prices surged last year following Russia's invasion of Ukraine. Profits hit the highest in its 115-year history. WION brings you more insights.

Shell reports highest profit in 115 years

Shell delivered a record $42.3 billion profit in 2022, the energy giant said, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns.

Energy giant Shell makes record $42.3 billion profit in tumultuous 2022 | Latest News

Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices.

World Business Watch: Samsung Electronics quarterly profit sinks to an eight-year low

Wall Street may get lot worse before getting better in 2023, forecast analysts

Netflix rebounds from subscriber losses; shares surge 14%

Samsung quarterly profit set to slump 25%, first decline in nearly three years

Four global grain firms record profits amid food crisis, calls grow for levying of windfall tax

A profit warning by Walmart ignited a sell-off in shares of major US retailers, quickly evaporating over $100 billion in stock market value in extended trade.

US retailers' stock tumble after Walmart cuts profit forecast

Russia energy giant Gazprom said in a statement that its net profit hit 2.09 trillion roubles ($29 billion) in 2021, up from 135 billion roubles in the pandemic-stricken 2020 financial year.

Russia energy giant Gazprom lands record high profit of $29 billion in 2021

Samsung has reported the highest Q1 profit since 2018. This comes at a time when the demand for memory chips is soaring.

Samsung reports the highest Q1 profit since 2018 as demand for memory chips increases

According to a report, Wall Street workers have received an average of $257,500 in bonuses last year. DiNapoli wrote in the report, "Wall Street's soaring profits continued to beat expectations in 2021 and drove record bonuses".

Wall Street bonuses hit record high, likely to come down this year

Tencent posts slowest-ever sales rise; regulation impact set to ease

Amid the ongoing Russian invasion of Ukraine, and a hike in oil prices across the globe, Saudi Aramco's profits have also soared. It is now hiking oil investments.

Saudi Arabia hikes oil investments after profits soar due to rise in global oil prices

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