ICICI Bank Beats Estimates on Lending Growth
Net income grew by 15.5% to 127.68 billion rupees in the three months ended June from a year earlier, according to a statement on Saturday. That beat the average estimate of 119.85 billion rupees, based on a Bloomberg survey of analysts.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
Wall Street Circles Starbucks as China Deal Heats Up--Tech Giants and PE Titans in Bidding War
Starbucks (NASDAQ:SBUX) is quietly making moves in Chinaand Wall Street's watching. The coffee giant has invited a dozen heavyweight investors, including Carlyle, KKR (NYSE:KKR), EQT, and tech majors (NASDAQ:JD) and Tencent (TCEHY), into the next phase of bidding for a stake in its China operations. According to people familiar with the matter, these shortlisted parties are now reviewing financials and preparing formal proposals. Starbucks CEO Brian Niccol emphasized this isn't about raising capital. What this is about, he told analysts, is how do we ensure that the Starbucks brand is in a much better place in the future. Starbucks plans to retain a meaningful stake and is not looking to fully exit. The stakes are high. China is Starbucks' second-biggest marketbut it's also one of the most competitive. Local rival Luckin Coffee has surged ahead with cheaper drinks, faster innovation, and aggressive expansion. To stay relevant, Starbucks has started adapting its menu with more affordable fruit teas and sugar-free options. And early signs suggest it's working: same-store sales in China turned positive last quarter for the first time since late 2023. A local partner with tech and consumer insight could help Starbucks move faster, optimize supply chains, and deepen its mobile platform strategy in a market that increasingly rewards speed and price. This process has drawn interest from over 20 potential backers, though only a dozen have made it to this second round. Starbucks isn't seeking a full salebut it is exploring how to tap deeper into China's fast-evolving consumer landscape. While no deal is guaranteed, more players could enter later stages as discussions evolve. With long-term ambitions to grow its China store count from roughly 7,800 to 20,000, the right strategic partner could be a pivotal lever for Starbucks' next act in Asia. This article first appeared on GuruFocus.
Yahoo
2 minutes ago
- Yahoo
Asana to Announce Second Quarter Fiscal Year 2026 Financial Results on Wednesday, September 3, 2025
SAN FRANCISCO, August 01, 2025--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for human + AI coordination, announced today that it will release financial results for the second quarter fiscal year 2026 on Wednesday, September 3, after the close of the U.S. markets. In conjunction with the announcement, the company will host a webcast on the same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The live webcast and replay will be available on the Asana Investor Relations website at About Asana Asana is a leading work management platform for human + AI coordination. Over 170,000 customers like Accenture, Amazon, Anthropic, Morningstar, and Suzuki rely on Asana to align teams and accelerate organizational impact. Whether it's managing strategic initiatives, cross-functional programs, or company-wide goals, Asana helps organizations bring clarity to complexity—turning plans into action with AI working alongside teams every step of the way. To learn more, visit View source version on Contacts Eva LeungAsana Investor RelationsIR@ Frances WardAsana CommunicationsPress@ Sign in to access your portfolio
Yahoo
2 minutes ago
- Yahoo
US defense bill proposes examination of Apple display supplier
By Stephen Nellis SAN FRANCISCO (Reuters) -A measure added into a massive U.S. defense spending bill in recent weeks will, if passed, ask the Pentagon to determine whether one of Apple's display suppliers should be listed as a Chinese military company. Being on the list does not block companies from doing business in the U.S. but will in coming years block them from being part of the U.S. military's supply chain. The bill, known as the National Defense Authorization Act, was approved in July by key committees in both houses of the U.S. Congress. The final bill, considered a "must-pass" because it funds the U.S. military, is expected to become law later in the year. When the bill was approved by the U.S. House of Representatives Armed Services Committee, a newly added amendment for the first time asked the U.S. Defense Department to consider whether BOE Technology Group Co, listed on Apple's official suppliers list, should be added to a list of firms that allegedly aid China's military. BOE and Apple did not respond to requests for comment. Craig Singleton, a China expert at the Foundation for Defense of Democracies, a Washington think-tank, said Beijing had offered billions of dollars in subsidies, tax breaks and loans to help firms such as BOE dominate global panel production. "This creates a single‑source vulnerability that could be easily exploited to disrupt or degrade U.S. military operations, not to mention undermine commercial supply chains, during a conflict or period of heightened bilateral tension with Beijing," Singleton added. A study published last month by New York-based NERA Economic Consulting and commissioned by BOE's U.S. subsidiary found that the display industry, which includes major Korean players such as Samsung Electronics and LG Electronics, remains highly competitive, with no single player capable of significantly affecting global prices. "There is no credible risk of a supply chain disruption by mainland China display manufacturers," the report said.
