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Politics

ArcelorMittal reports $1.9 billion net loss in October-December

NEW DELHI: Global steel giant ArcelorMittal on Thursday reported a net loss of $1.9 billion for the quarter ended December, with the company calling 2019 a “very tough year”. The world’s largest steel maker had posted a net income of $1.2 billion in the year-ago quarter, the company said in a statement. The company reported …

Health

Airtel Q3 loss at Rs 1,035 crore after interest provisioning on AGR dues

Telecom operator Bharti Airtel on Tuesday posted a consolidated loss of Rs 1,035 crore for the three months ended December 31, 2019, as the AGR-hit telco provisioned for interest component of its statutory dues. December Q3 scorecard marked the third straight quarter of losses for the company, which had logged a net profit of Rs …

Politics

PNB reports Rs 492 crore loss for Q3 on higher provisioning for NPAs

NEW DELHI: Punjab National Bank (PNB) on Tuesday reported a standalone net loss of Rs 492.28 crore for December quarter 2019-20 due to substantial increase in bad loan provisioning. The bank had posted a net profit of Rs 246.51 crore for the same period a year ago. In the previous September quarter, the bank had …

Finance

Today was horrible: Roger Federer on Australian Open semi-final loss vs Novak Djokovic

An injury-hampered Roger Federer gave himself only a “3% chance” of beating Novak Djokovic at the Australian Open on Thursday but was more upbeat about his hopes of recovering to win another Grand Slam following his semi-final exit. Federer, who suffered a groin problem in the quarter-final against Tennys Sandgren, bowed out of Melbourne Park …

Politics

Boeing reports 2019 loss of $636 million, 1st year in red since 1997

NEW YORK: Boeing reported its first annual loss in more than two decades on Wednesday as the lengthy grounding of the 737 MAX undercut the company’s revenues and exploded costs. The aerospace giant reported a $1 billion loss in the fourth-quarter and a loss of $636 million for all of 2019, the company’s first year …