Mon, May 3, 2021 8:13 PM
Footfall in malls down by 50%, facing considerable challenges
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Wipro ADR (American Depository Receipts) jumped 3.78 percent to $5.36 on the NYSE on April 19 after the IT major’s fourth-quarter earnings beat street estimates. The net profit fell 8 percent to Rs 2,835 crore in the quarter ended March 2024 from Rs 3,074.5 crore in the year-ago period, beating analysts' estimates of Rs 2,748 crore. The revenue slumped to Rs 22,208.3 crore in the three months.
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In 1894, Johnson & Johnson (JNJ) began selling talc as Johnson's Baby Powder. But the company's talc products became a liability, and Johnson & Johnson has been under fire for a decade for a myriad of cases alleging that its talc-based baby powder has caused cancer. Most of these claims are over women who got ovarian cancer, but others involved mesothelioma.
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Hindustan Zinc's demerger process will kickstart once the central government, which owns roughly 29 percent in the mining company, completes its long pending divestment process, chief executive officer Arun Misra told Moneycontrol in an interview on April 19. Moneycontrol reported last year that the government was weighing offloading only 3.5% of its stake via OFS route in the initial tranche.
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