Month: April 2021

Exxon Dividend Is ‘Very Safe’ After Surprisingly Robust Earnings, CEO Says

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An Exxon Mobil refinery in Rotterdam, the Netherlands.

Dean Mouhtaropoulos/Getty Pictures

Exxon Mobil

achieved a significant milestone in its first-quarter earnings report, helped by rising oil costs and a slimmed-down enterprise mannequin. The corporate’s money move lined its dividend and capital expenditures. Just some months in the past, analysts have been speculating that Exxon may need to chop its dividend.

Exxon (ticker: XOM) on Friday reported adjusted earnings of 65 cents a share, a nickel forward of Wall Road estimates. Its income of $59 billion outpaced expectations for $56 billion.

The enhancements come within the nick of

PLI scheme going underneath utilised, says Niti Aayog vice chairman

The Niti Aayog, he stated, was wanting into coal and different pure sources mining and the reforms suggestions, as soon as carried out, will assist in resolve the issues of upper manufacturing of pure sources for financial development.

Solely three sectors are functioning underneath the manufacturing linked incentive (PLI) scheme of the 13 sectors for which the federal government has allotted Rs 1.95 lakh crores, Niti Aayog vice chairman Rajiv Kumar has stated. He stated India required to boost its funding from beneath 30% of GDP to35-40% of GDP and exports as a share of GDP should go up as

Mukesh Ambani’s RIL This autumn web revenue doubles on-year to Rs 13,227 cr, misses estimate

Forward of This autumn outcomes announcement, RIL share worth fell 1.42 per cent to finish at Rs 1,994.45 apiece on BSE. Picture: Reuters

Mukesh Ambani-led RIL’s fourth quarter (January-March) web revenue rose 108.36 per cent on-year to Rs 13,277 crore, which is under estimates. Oil-to-telecom main had reported a consolidated web revenue of Rs 6,348 crore within the year-ago quarter. Earlier within the earlier quarter (October-December 2020), Reliance Industries Ltd had posted a web revenue of Rs 13,101 crore. RIL’s consolidated income from operations got here in at Rs 1.54 lakh crore within the fourth quarter, in opposition to Rs

Why Apple’s ‘blowout’ earnings aren’t boosting its inventory

Apple Inc.’s inventory isn’t getting a lot love from buyers even after the corporate delivered what one analyst described as “blowout” outcomes for its March quarter.

Shares of the smartphone big have been down 0.7% in noon Thursday buying and selling, reversing course after earlier features of as a lot as 2.6%, following a fiscal second-quarter report during which Apple

simply topped expectations throughout all of its product classes, with surging demand for the brand new iPhone and continued robust momentum for the iPad and Mac companies amid the remote-work increase.

Regardless of the robust outcomes, there are

Apeda plans to revamp, enhance Nationwide Programme for Natural Manufacturing requirements

APEDA to enhance natural farming requirements

The federal government’s agri export promotion physique Agricultural and Processed Meals Merchandise Export Growth Authority (Apeda) is planning to revamp and enhance the Nationwide Programme for Natural Manufacturing (NPOP) requirements and should quickly ease procedures for higher participation of small farmers.

These steps, together with a concentrate on natural selection with Geographical Indication (GI) merchandise, might assist the nation to additional increase exports of natural produce, which grew 51% to $1.04 billion throughout FY21.

“For higher attain out and promotion, revamping and bettering of NPOP requirements are crucial. Moreover, there’s scope to revise procedural

Hindustan Unilever This fall revenue jumps 42% to Rs 2,143 cr, volumes develop 16%

Srinivas Phatak, chief monetary officer, HUL, mentioned the demand outlook was arduous to foretell given “we’re in midst of an unprecedented surroundings” with the Covid surge.

Hindustan Unilever (HUL) on Thursday reported a strong development in volumes of 16% year-on-year for the three months to March on the again of all spherical development. The FMCG main had reported a contraction of seven% in quantity in Q4FY20 following the nationwide lockdown.

The corporate’s earnings jumped 41% year-on-year through the quarter to Rs 2,143 crore, forward of Bloomberg consensus estimates of Rs 1,968 crore. Revenues rose a pointy 34% y-o-y to Rs

Apple’s Q2 2021 earnings will deal with iPhone 12 gross sales, world chip scarcity

Apple (AAPL) is ready to report its Q2 2021 earnings after the closing bell on Wednesday. Whereas analysts are calling for the tech big to beat income expectations, Apple will face questions on how its enterprise can be affected by the worldwide chip scarcity and elevated COVID-19 vaccinations.

Right here’s what Wall Road expects from the quarter versus how Apple carried out in Q2 final 12 months.

  • Income: $77.3 billion anticipated versus $58.3 billion in Q2 2020

  • Earnings per share: $0.99 anticipated versus $2.55 in Q2 2020

  • iPhone income: $41.5 billion anticipated versus $28.9 billion in Q2 2020

  • iPad income:

Non-food credit score development falls to five.4% in fortnight ended April 9

As of March 27, 2020, financial institution credit score to MSEs stood at Rs 10.80 lakh crore, as per RBI’s April bulletin.

Development in non-food credit score fell additional in April, clocking 5.4% yr on yr (YoY) for the fortnight ended April 9 from 5.54% YoY within the earlier fortnight. Slower development in credit score coincides with a recent surge in coronavirus infections throughout India, which has led to bankers turning cautious about lending.

In line with analysts at Care Scores, that is the primary time the y-o-y development charge has fallen within the first month of a brand new

MSME loans: NBFC lenders stare at vital dip in lending for at the very least three months amid Covid 2.0

Lenders are prone to scale back their publicity to sectors and geographies which are most impacted by Covid akin to car, retail, aviation, actual property, logistics, hospitality, and many others., and key metros respectively.

Credit score and Finance for MSMEs: Non-banking monetary firm (NBFC) lenders to MSMEs are observing a big influence on lending for at the very least the approaching two-three month interval because the second wave of the pandemic begins to take its toll on enterprise operations. The influence is prone to be extreme from April onwards as varied Covid-related restrictions together with night time curfew, weekend lockdowns,

Tesla Inventory Falls As Earnings Beat Amid Bitcoin, Regulatory Credit score Gross sales; Musk Blasts ‘Extraordinarily Misleading’ Media

Tesla (TSLA) topped first-quarter earnings estimates late Monday after greater than doubling deliveries for the interval, whereas gross sales of Bitcoin and regulatory credit totaled almost $800 million. Tesla inventory fell Tuesday.


CEO Elon Musk, talking on an earnings name with analysts, stated media stories of a latest deadly accident have been “extraordinarily misleading.” One other govt claimed that somebody was within the driver seat, in distinction to reporters quoting regulation enforcement.

Tesla Earnings

Estimates: Analysts polled by Zacks Funding Analysis anticipated Tesla earnings per share of 79 cents, a 216% year-over-year surge. Gross sales have been seen