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Romanian Renault unit Automobile Dacia said its 2021 net profit jumped 67% to 498 million lei (US$107 million/EUR101 million euro), saying it did not expect its activities to be significantly impacted by Russia’s invasion of Ukraine. In 2021, Dacia’s sales rose 17.2% to 21.4 billion lei, SeeNews.com reported, citing the Dacia website. Sales of vehicles and car components accounted for 90.5% of Dacia’s total sales, and…

Power steering specialist China Automotive Systems said first quarter 2022 sales increased 4.7% year on year to US$136.4 million. Gross profit was $14.7 million with a margin of 10.8%, compared with $19.7 million and 15.1% in Q1 2021. Operating loss was $1.5 million compared profit of $4.2 million. The loss was primarily due to lower gross profits and higher operating expenses in 2022, CAS said. Net loss was $0.06 million compared to a…

You can pay your LIC premium payment online. That’s right! the biggest insurance and investment group of India Life Insurance Corporation (LIC) allows you to make payments without visiting the bank or nearby ATM. LIC premium payment can be done online using net banking, Credit cards, UPI apps like PayTM and PhonePe, and more. In addition to the convenience, the online methods also offer rewards such as cashback for making payments for the LIC policy. Here’s a quick look at the many methods you can use to pay LIC premium…

A family watches a wildfire from the safety of a ridge. Credit: Unsplash/Caleb Cook There has been a lot of discussion in Canada lately about the financial costs of achieving the country's climate targets. And rightly so. The situation is urgent and we need to act now. …

India's second largest telecom operator Bharti Airtel on Tuesday posted over two-fold jump in its consolidated net profit to Rs. 2,008 crore for the March quarter. The net profit stood at Rs. 759 crore in the year-ago period.Airtel's revenue from operations rose 22.3 percent to Rs. 31,500 crore during the fourth quarter of the financial year 2021-22, from Rs. 25,747 crore in the corresponding period of the previous year.For the full-year fiscal year 2022, the Sunil Mittal-led telco logged a net profit of Rs. 4,255 crore…

Uber shares skidded Wednesday after the company said it was hit with a big loss in the first three months of this year despite a rebound in its ride-share business.Quarterly revenue at Uber's rides unit nearly tripled year on year to $2.5 billion (roughly Rs. 19,066 crore), topping the sum taken in from its food-delivery service for the first time since the pandemic prompted a boom in people ordering meals in. But despite overall revenue more than doubling compared to the same period last year, Uber logged a net loss of…

DC Actors Like Dwayne Johnson & Will Smith Are Extremely Rich (Pic Credit: Poster, Movie Still) The DC universe has several major superheroes played by big A-listers of Hollywood. The recent entry by Robert Pattinson, Will Smith, Dwayne Johnson, Jason Momoa, Ben Affleck, Henry Cavill, Gal Gadot, and more are a part of the franchise. Recently, we covered the richest actors of the MCU, so today, we bring you the names of the actors and actresses with the highest net worth in the DCEU. Before we get…

Nissan reported a positive full-year net profit for the first time in three years. Nissan said Thursday its full-year net profit to March 2022 returned to the black for the first time in three fiscal years, citing cost-saving efforts and positive US market conditions. The Japanese auto giant reported…

Toyota is the world's top-selling automaker. Toyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and the war in Ukraine disrupt supply chains. The Japanese auto giant, which kept its crown as the world's…

Following the recent Q1 2022 report from EV startup Canoo, we find the feature image rather fitting. After admitting a net loss over $125 million for the first three months of this year, Canoo is very much stuck out in the woods. With a lack of current cash on hand to realistically get through Q2, Canoo admitted “there is substantial doubt” about the company’s ability to get out of those financial woods either. Canoo is certainly making its presence known on our homepage today. Earlier, we reported a lawsuit filed…