Day: November 18, 2021

Nvidia set to report Q3 earnings as ARM deal faces new scrutiny

Nvidia CEO Jensen Huang. (MANDEL NGAN/AFP through Getty Photographs)

Nvidia (NVDA) will report its Q3 earnings after the closing bell on Wednesday, per week after the corporate introduced a slew of latest applied sciences throughout its GTC 2021 convention, and as its ARM deal faces recent scrutiny from the UK’s antitrust regulator.

Right here’s what analysts expect from the corporate, as compiled by Bloomberg, versus the way it carried out in the identical quarter final 12 months.

  • Income: $6.81 billion versus $4.73 billion in Q3 final 12 months

  • Earnings per share: $1.11 anticipated versus $0.73 in Q3 final 12 months

RBI says it has massive issues on cryptocurrencies

Das stated the RBI is taking a better take a look at the methods of banks. The regulator won’t intervene within the industrial choices of banks, however on the similar time, it can carefully monitor their enterprise fashions.

Reserve Financial institution of India (RBI) governor Shaktikanta Das on Tuesday referred to as for a deeper dialogue on the problem of cryptocurrencies, given the central financial institution’s reservations on the topic. “When the central financial institution says that we’ve severe issues from the standpoint of macroeconomic and monetary stability, there are far deeper points concerned,” Das noticed on the State Financial

Cairn ropes in Baker Hughes to reinforce restoration from Bhagyam oil-field

. The corporate goals to double its capability and contribute 50% of the nation’s home crude manufacturing.

A day after saying the partnership with international power sector contractor Halliburton Offshore Providers to extend the recoverable hydrocarbon reserve from its offshore belongings, Vedanta’s Cairn Oil and Fuel on Wednesday stated it has joined fingers with worldwide power expertise supplier Baker Hughes to reinforce crude oil restoration from its Bhagyam oilfield positioned on the Barmer web site in Rajasthan.

Beneath the partnership with Baker Hughes, Cairn will intention to extend the recoverable reserve of the Bhagyam discipline to 250 million barrels of