Tuesday, July 2, 2019

Samsung Electronics#39; second-quarter profit likely halved as Huawei woes worsen chip glut

Samsung Electronics#39; second-quarter profit likely halved as Huawei woes worsen chip glut The quarterly result would be the South Korean firm#39;s lowest in nearly three years, with the prospect of an earnings recovery still some quarters away as a period of oversupply continues unabated amid a broader slowdown in tech markets.

from Moneycontrol Business News https://ift.tt/2Jp7UQ3

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Sudarshan Chemical Industries acquires Germany-based world’s second biggest pigment company Heubach Group

Sudarshan Chemical Industries announced the acquisition of Heubach Group for Rs 1,180 crore. Shares surged 20% on the news. Heubach Group is...