[ad_1] The veteran plane manufacturer Boeing has announced its new CEO Robert “Kelly” Ortberg, former CEO of supplier Rockwell Collins, who will be replacing Dave Calhoun on August 8. Boeing has been reeling under pressure for a few years now due to safety concerns over its 737 Max flights and reporting losses to the tune […]
LIC IPO: $17 billion loss puts LIC IPO among top money losers in Asia
[ad_1] A massive $17 billion drop in market value has made Life Insurance Corporation of India one of the biggest wealth destroyers in Asia’s initial public offerings this year. India’s biggest IPO of all time ranks second in terms of loss of market capitalization since listing, after a 29% drop since the beginning of May […]
IFB Industries posted a loss of Rs 28 crore in the fourth quarter
[ad_1] IFB Industries It reported a consolidated net loss of Rs 28.29 crore for the fourth quarter ended March 31, 2022. IFB Industries said in a regulatory filing that the company had posted a net profit of Rs 7.71 crore in the January-March period a year ago. However, total income stood at Rs 904.86 crore […]