The consolidated net profit of the world's largest retailer, US-based Walmart, rose 1.2% to $13.673 billion for fiscal year 2021-2022 (ended 28 January), the company said in a press release. Walmart's diluted earnings per share were $4.87, up from $4.75 a year earlier. Walmart's total revenue rose...

The new licenses increase the company’s “granted license area” to over thousand square kilometres. Germany has granted Vulcan Energy Resources, a lithium miner, licenses for “five new exploration” of lithium and geothermal energy. The lithium developer is a supplier to various auto manufacturers...

Strong demand for semiconductor chips from data centers prompted the chipmaker Nvidia Corp to forecast revenues for its current quarter above the estimates of analysts.     However, after-hours trading saw Nvidia's stock drop 2.8 per cent due to stagnant gross margins compared...

French Engie, one of the largest energy companies in Europe, last year made a net profit of €3.7 billion against a loss of €1.5 billion a year earlier, the company said in a release. EBITDA was €10.6 billion, up 18.6 percent from 2020. Revenue rose 30.6 percent to €57.9 billion. The company's net...

The key concern for power grid operators, charging businesses, and governments as sales of electric vehicles (EV) continue to climb is how to run tens of millions of vehicles without destroying local networks or expending billions on upgrading power grids.    The solution...

A market regulator investigation has shown that the former chief of India's largest stock exchange discussed private information with a yogi and asked his counsel on important issues. This was revealed prior to the bourse's much-anticipated public listing.   The Securities and Exchange Board...

Japan Tobacco International (JTI), one of the world's largest tobacco manufacturers, posted a 9.1% increase to 338.5 billion yen ($2.93 billion) in net income for 2021, the company said in a statement. Operating profit rose 6.4% year on year to 499 billion yen ($4.33 billion). JTI's year-end...

The Crown Prince of Saudi Arabia has transferred shares of the world's largest oil company Saudi Aramco worth $80 billion to the country's sovereign wealth fund. The fund was created as part of the diversification of the state economy to support companies not related to oil exports. Crown Prince...

Many sellers on the crypto platform that sold an NFT of Jack Dorsey's first tweet for $2.9 million were selling tokens of content that were not owned by them and as such the platform has stopped most transactions. This was revealed by the platform's founder, who termed this as a "fundamental...