Noncash Item

AmBank turns red in Q4, not thanks to 1MDB settlement and write-downs

KUALA LUMPUR (May 31): AMMB Holdings Bhd (AmBank) dipped into the red in the fourth quarter ended March 31, 2021 (4QFY21), driven mainly by one-time exceptional items totaling RM 4.77 billion, including the 1Malaysia Development Bhd (1MDB). Among the exceptional items recorded in 4QFY21, the most important was the settlement …

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Patanjali Says Legal Notice ‘Received’ From IMA Will Give ‘Appropriate Response’, Retail News, ET Retail

Patanjali Yogpeeth confirmed on Thursday that he had received a libel notice served by the Indian Medical Association (IMA), demanding an apology from Yoga Guru Ramdev for his remarks on allopathy, and said he would legally give a “dignified response” . While responding to an email query from the PTI, …

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Net profit tripled to Rs 88 cr, Retail News, ET Retail

NEW DELHI: FMCG Emami Ltd on Tuesday announced more than three times its consolidated net profit at Rs 87.73 crore for the quarter ended March 31. The company had posted a net profit of Rs 22.75 crore in the March quarter of the previous fiscal year. Its operating income in …

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Patanjali Dairies director Sunil Bansal dies from COVID-19, company says he played no role in his allopathic treatment, Retail News, ET Retail

Sunil Bansal, who ran the dairy business of yoga guru Ramdev, Patanjali Ayurved, has died of COVID-19, the company said on Monday, adding that it had no “role in its allopathic treatment.” Bansal, 57, who was vice president of the dairy division of Patanjali Ayurved Ltd, died on May 19. …

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CG Corp Global plans to invest Rs 200 crore to set up two new manufacturing plants in India, Retail News, ET Retail

Nepal-based CG Corp Global plans to invest Rs 200 crore to set up two new manufacturing plants in West Bengal and Uttar Pradesh. CG Foods, the FMCG arm of the company, plans to earn Rs 1,500 crore from its famous Wai Wai noodle brand within a year as its goal …

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3 Ways Spring Cleaning Can Save You Money

Turn your waste into money with these simple tips. Need a little motivation to do your spring cleaning this year? Here’s a big one: money. There is almost certainly something of value hidden in your home somewhere. I’m not talking about coins and cash – although there can be! But …

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RBC Bearings Incorporated: MANAGEMENT REPORT AND MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND RESULTS OF OPERATIONS (Form 10-K)

The financial and business analysis below provides information which we believe is relevant to an assessment and understanding of our consolidated financial position, results of operations and cash flows. This financial and business analysis should be read in conjunction with the consolidated financial statements and related notes. All references to …

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Greif: updates its forecasts for the second quarter of fiscal 2021 (form 8-K)

Greif, Inc. Updates Forecast for Second Quarter of Fiscal 2021 Greif, Inc., a global leader in industrial packaging products and services, today announced that it has revised its outlook for the second quarter of fiscal 2021. Diluted Class A second quarter earnings per share for Fiscal 2021 before adjustments is …

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Greif, Inc. Updates Guide for Q2 2021 | Ohio

Delaware, Ohio, May 20, 2021 / PRNewswire / -Greif, Inc., a global leader in industrial packaging products and services. (NYSE: GEF, GEF.B) today announced that it has revised its outlook for the second quarter of 2021. Class A was diluted in the second quarter of 2021. Earnings per share before …

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Goldman’s “Non-Profitable” Tech Index Is Not Vindicated By Volatility

With the S&P 500 and Dow Jones Industrials near all-time peaks, some recent Wall Street analysis has stoked the fear there is a massive speculative bubble in the market, one that is about to pop. This time, it’s Goldman Sachs that has created a monstrosity for bad market signaling and …

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