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Alibaba’s Lazada posts first monthly profit amid intense competition in Southeast Asia

by Walter Watson
Alibaba’s Lazada posts first monthly profit amid intense competition in Southeast Asia

Lazada, the Southeast Asian online shopping platform of Alibaba Group Holding, has achieved a monthly profit for the first time, according to an internal announcement. In an announcement during the …

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Loscam owners including CMG, Citic consider selling pallet company in US$2 billion-plus deal, sources say

by Anas Siddiqui
Loscam owners including CMG, Citic consider selling pallet company in US billion-plus deal, sources say

Owners of Asian pallet pooling provider Loscam are considering a sale of the entire company in a deal that could fetch over US$2 billion, three people with knowledge of the …

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reliance: RIL Q4 results at a glance: Here’s a quick guide on Reliance’s telecom to retail numbers

by Ron Morgan
reliance: RIL Q4 results at a glance: Here’s a quick guide on Reliance’s telecom to retail numbers

Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) is expected to report healthy numbers for the quarter ended March 2024, driven by robust O2C business and healthy growth in the consumer-facing businesses …

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ashok leyland: Ashok Leyland progressing well in network expansion in North & East

by Horatio Thompson
ashok leyland: Ashok Leyland progressing well in network expansion in North & East

Chennai: Heavy commercial vehicle maker Ashok Leyland has drawn up network expansion plans in the North and Eastern parts of the country, a top company official has said. The Hinduja …

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Zuckerberg’s ‘Year Of Efficiency’ Nets Greatest Profits Ever

by Sam Bailey
Zuckerberg’s ‘Year Of Efficiency’ Nets Greatest Profits Ever

Topline Meta just tallied its most profitable quarter—and year—ever, the Facebook parent revealed in its fourth-quarter earnings report, an impressive feat considering the company’s 2022 beating reflected in its stock’s …

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Tata Motors’ domestic business to be zero net-debt by FY24: N Chandrasekaran

by Horatio Thompson
Tata Motors’ domestic business to be zero net-debt by FY24: N Chandrasekaran

Tata Motors’ domestic business is expected to become near net-debt zero in FY24 and JLR in the following year, Tata Motors chairman N Chandrasekaran told company’s shareholders virtually at the …

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exide industries: Exide Industries expects to regain pre-covid margin in 1-2 years

by Horatio Thompson
exide industries: Exide Industries expects to regain pre-covid margin in 1-2 years

Storage battery major Exide Industries Ltd on Tuesday said it expects to regain its pre-covid EBITDA margin of 13-14 per cent in the next one to two years. The company’s …

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