Wednesday, November 10, 2021

China's gaming crackdown pushes Tencent to slowest profit growth in two years

Chinese gaming and social media giant Tencent Holdings posted its slowest quarterly profit growth in two years on Wednesday, hurt by a gaming crackdown, and said the outlook for the advertising sector would remain weak into next year. Net profit for the three months through September rose 3% to 39.5 billion yuan ($6.18 billion), the company said in a statement. This beat analyst expectations who were predicting a decline, according to Refinitiv data.

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India is officially added to global industrial map of JLR: Tata Sons Chairman Chandrasekaran on inauguration of new facility in Tamil Nadu

Stalin inaugurated a new Tata Motors and Jaguar Land Rover manufacturing plant in Ranipet. Tata Sons Chairman Chandrasekaran said that the f...