General Electric Shares Gain Despite a Q3 EPS Miss, Slashed FY Profit Forecast By

© Reuters. By Senad Karaahmetovic Shares of General Electric (NYSE:) are up about 5% in pre-open Tuesday trading after the company delivered mixed Q3 results. General Electric an EPS of $0.35, a big miss compared to the analyst estimate of $0.50. Revenue for the quarter came in at $19.1 billion versus the consensus estimate of … Read more

Revision: Windfall Tax Cut Further, Export Duty on Diesel Halved, Slashed on ATF

By Malvika Gurung — The recently-introduced windfall taxes on gains produced by domestic refineries and oil producers have been revised by the Centre at its sixth fortnightly review. As per a notification issued by the finance ministry, the windfall profit cess on domestically produced has been cut from Rs 10,500/tonne to Rs 8,000/tonne, starting … Read more