Income-seeking investors want to turn their heads toward the telecommunications industry. Two members of America's three-way telecom oligopoly offer huge dividend yields above 6% at the moment.Verizon (NYSE: VZ) and AT&T (NYSE: T) recently delivered first-quarter results that suggest their high-yield dividends are on steady ground. Both telecom giants are generating the profits they need to meet.
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Top Indian private banks, HDFC Bank, ICICI Bank and Axis Bank, have reported their Q4 results with the lenders showing a decent growth in its net profit and net interest income (NII) along with contracting net interest margin. The fourth quarter of FY24 for these private sector banks was marked by a faster increase in deposits amid moderating credit growth. ICICI Bank share price rallied over 4%.
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Over the last few weeks, Google has laid off several employees, with the most recent cuts striking its entire Python team and following a move aimed at reducing costs by hiring less expensive labor outside the United States, according to Free Press Journal, on April 29. The report underlines that the Sundar Pichai-led company would essentially set up a new team in Munich, Germany.
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