American Express exceeded third-quarter profit expectations as increased card spending offset higher provisions for credit losses, which rose to $1.4 billion. Despite economic uncertainties, the company’s profit grew by 2%, reaching $2.51 billion, and per-share earnings surpassed forecasts. Shares rose 2% in pre-market trading, complementing an 8% revenue increase to $16.64 billion.
Read MoreAshwin Annamalai, a Canadian citizen of Indian origin, filmed a racially charged incident in Waterloo, Ontario, where a woman told him to “go back” to India. Annamalai highlighted the surge in such hostile encounters, linking them to rising India-Canada tensions. He noted he hadn’t experienced racism in Canada until this year.
Read MoreWestern Carriers (India) Ltd secures a Rs 41-crore contract from Tata Steel Sponge Iron Joda for a three-year period to handle in-plant logistics and container rake transport. This partnership aligns with WCIL’s strategy to utilize rail transport for efficient, sustainable logistics solutions.
Read MoreMeta has fired about two dozen employees for misusing $25 daily meal credits meant for late-night work, causing mixed reactions among staff. Some employees were found to have used the credits for non-food items. While some workers believe this move was harsh, others feel it is justified for violating clear company policies.
Read MoreZee Entertainment Enterprises Ltd (ZEEL) reported a 70.24% increase in consolidated net profit to Rs 209.4 crore for Q2 FY25 due to effective cost management, despite an 18.93% decline in total income. Advertising revenue fell by 7.9%, while subscription revenue grew by 9.24%.
Read MoreBeing the Bollywood icon Shah Rukh Khan has often opened up about his personal life in interviews, especially about his wife Gauri Khan and their children.
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