Bloomberg Kotak Mahindra Bank Ltd.’s profit rises 15% in the third quarter on a cut in provisioning and higher net interest earnings aided by an easing of the pandemic. Net income stood at 21.3 billion rupees ($284 million) in quarter ended December compared with 18.5 billion rupees a year ago. That beat an average estimate of 20.7 billion rupees ...

  Bloomberg DBS Group Holdings Ltd. agreed to buy Citigroup Inc.’s consumer banking assets in Taiwan, as Southeast Asia’s largest lender pushes ahead with plans to boost its regional presence. The Singapore bank will pay cash for Citi Consumer Taiwan’s net assets plus a premium of S$956 million ($707 million), which will be determined at the close of the deal ...

  Bloomberg American Express Co is putting the pandemic behind it, boosting forecasts for revenue and profit after spending on its cards surged to a record. Revenue will climb as much as 20% this year while earnings could reach $9.25 to $9.65 a share, the company said in a statement. AmEx has long said 2022 would be the year it ...

Bloomberg Excessively loud, exceedingly rare, and bursting at the seams with Italian luster, the Maserati MC12 is considered by collectors to be the most desirable car ever produced by the 107-year-old brand. Values surge easily past $2 million for the 50 street versions and 12 racing versions produced for only four months between 2004 and 2005. The modern version of ...

  Bloomberg Google will invest as much as $1 billion in India’s second-largest mobile phone operator, as firms race to offer inexpensive data and digital offerings in the only billion-people-plus market still open to foreign companies. Alphabet Inc, which owns the Google search engine, will pay $700 million for a 1.28% stake in Bharti Airtel Ltd., the New Delhi-based company ...

  Bloomberg Lamborghini is gearing up for the final lap of combustion engines powering coveted models like the Aventador as the sports-car maker switches its line-up to plug-in hybrids. The Volkswagen AG brand with the track-focused Aventador, Huracan and Urus SUV models will unveil its first production car with a plug next year before electrifying its full offering by 2024. ...

Bloomberg WhatsApp, the popular messaging app owned by Meta Platforms Inc, is pushing its privacy features in a new US marketing campaign that compares a standard text message to mail that was opened before it was delivered. The campaign promotes end-to-end encryption, technology that WhatsApp uses so that user messages only exist on the device where a message was sent ...

  ABU DHABI / WAM The UAE provided Yemen with nearly AED23 billion in aid from 2015 through 2021. Of the total aid value, AED10.94 billion accounted for aid to support general programmes, AED4.54 billion as commodities aid, AED2.67 billion in assistance to the healthcare sector, AED1.78 billion for the power generation and supply sector, AED780 million for government and ...

  GAZA / WAM The Ministry of Health in the Gaza Strip has received a medical supplies convoy provided by the UAE, containing one million doses of the Sputnik V vaccine to fight Covid-19. The convoy arrived in the Gaza Strip through the Rafah Border Crossing, and is the largest medical support of its kind provided by the UAE to ...

  Dubai / WAM 2021 witnessed an exceptional performance for Dubai’s real estate market, supported by the results and numbers in December, whether in terms of real estate sales transactions, or the monthly index numbers. December 2021 witnessed the registration of 5,601 sales transactions worth AED15.68 billion, resulting in over 84,196 total transactions in 2021 worth AED 300 billion, which ...