Kamis, 05 Mei 2011
Us Stocks Sink On Bad Jobs Numbers
The broader S&P 500 was off 9.29 (0.69%) at 1,338.03, while the tech-heavy Nasdaq Composite dropped 12.12 (0.43%) to 2,816.11.
Bharti Walmart To Open 12 Stores By Dec, May Invest Rs 380 Cr
Intensifying its expansion, Bharti Walmart Pvt Ltd today said it will open up to 12 new wholesale stores across India by end of 2011.
Pakistan Warns Us, India Against Covert Operations
Agencies Admitting that US assault that killed Osama did achieve "important results", Salman Bashir told the media: "This cannot be taken as a rule."
General Motors Profit More Than Triples To $3.2 Bn, Sees 2011 Improvement
DETROIT: General Motors Co's quarterly profit more than tripled, beating expectations, driven by a recovery in the US market and strong sales in Asia.
The US automaker also said on Thursday it expects its full-year adjusted earnings before interest and taxes to show "solid improvement" from 2010 helped by better pricing and lower fixed costs in North America.
Net income in the first quarter rose to $3.2 billion, or $1.77 a share, compared with $900 million, or 55 cents a share, in the year earlier quarter.
Excluding such one-time items as its sales of stakes in parts maker Delphi and Ally Financial, it earned 95 cents a share. That was 4 cents better than what analysts polled by Thomson Reuters I/B/E/S had expected.
Revenue rose to $36.2 billion from $31.5 billion last year. Analysts had expected $35.59 billion.
The US automaker also said on Thursday it expects its full-year adjusted earnings before interest and taxes to show "solid improvement" from 2010 helped by better pricing and lower fixed costs in North America.
Net income in the first quarter rose to $3.2 billion, or $1.77 a share, compared with $900 million, or 55 cents a share, in the year earlier quarter.
Excluding such one-time items as its sales of stakes in parts maker Delphi and Ally Financial, it earned 95 cents a share. That was 4 cents better than what analysts polled by Thomson Reuters I/B/E/S had expected.
Revenue rose to $36.2 billion from $31.5 billion last year. Analysts had expected $35.59 billion.
India, China To Grow The Most In Asia-Pacific: Report
India and China will remain the fastest growing economies in Asia-Pacific by expanding at respective rates of 8.7 per cent and 9.5 per cent in 2011.
Today's Energy Giant, Tomorrow's Walmart For Digital Services: Ril Chairman, Mukesh Ambani
The best way to understand Mukesh Ambani's mind is to think of Reliance as a company with two businesses: energy and consumer. In a conversation with Bodhisatva Ganguli & Himangshu Watts, Ambani says RIL will find more hydrocarbons and build a new-age digital and consumer business from scratch. Excerpts.
The tie-up with BP is a paradigm shift for RIL. Historically, you have controlled 100% of your core assets. So, what is the thinking behind this? And is this also the way forward in future?
Well, if you have followed Reliance, you should have noticed that Reliance now has over 50 JVs. The general principle of business is that once you achieve critical mass and size in any market, then to expand the domain or the market you need partnerships. The whole idea behind doing the BP piece is that we are determined to grow faster than before. It's general industry practice. If you look at the E&P industry globally, nobody holds 100% of a basin forever, including a Chevron or an Exxon .
The tie-up with BP is a paradigm shift for RIL. Historically, you have controlled 100% of your core assets. So, what is the thinking behind this? And is this also the way forward in future?
Well, if you have followed Reliance, you should have noticed that Reliance now has over 50 JVs. The general principle of business is that once you achieve critical mass and size in any market, then to expand the domain or the market you need partnerships. The whole idea behind doing the BP piece is that we are determined to grow faster than before. It's general industry practice. If you look at the E&P industry globally, nobody holds 100% of a basin forever, including a Chevron or an Exxon .
Rabu, 04 Mei 2011
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