Read more about Honeywell Automation Q3 PAT rises 4% YoY on Business Standard. Honeywell Automation India reported 3.6% rise in net profit to Rs 149.89 crore on a 3% decline in net sales to Rs 874.16 crore in Q3 FY21 over Q3 FY20.
Posted January 28th, 2021 for ON Semiconductor
Bernard Gutmann, executive vice president and chief financial officer will retire after a nearly four decade career in finance
PHOENIX, Ariz. – Jan. 28, 2021 – ON Semiconductor (Nasdaq: ON ) announced today that Thad Trent will join ON Semiconductor as executive vice president and chief financial officer (CFO) effective Feb. 16, 2021. Trent joins ON Semiconductor as a nearly 30 year finance veteran of the tech industry. Trent has held several leadership roles throughout his career, most recently as CFO at Cypress Semiconductor responsible for strategic planning, accounting, investor relations, tax, corporate development and information technology. Under his leadership, revenue increased from $723 million to $2.5 billion and the enterprise value increased by five times within five years. Trent has a proven track record of driving sustainable financial performance, transformative mergers and acquisitions, operational excellence,
The US stock market finished session higher on Thursday, 28 January 2021, as investors chased for bottom fishing of stocks following the steep drop seen in the previous session. Buying interest generated amid bigger than expected decline in first-time claims for U. S. unemployment benefits and better than expected domestic gross domestic product data for the fourth quarter of 2020.
At the close of trade, the Dow Jones Industrial Average index added 300.19 points, or 0.99%, to 30,603.36. The S&P 500 index rose 36.61 points, or 0.98%, to 3,787.38. The tech-heavy Nasdaq Composite Index grew 66.5.6 points, or 0.5%, to 13,337.16.
Heavyweights, including Microsoft Corp, Amazon.com and Alphabet Inc, were among the biggest boosts to the market.
Read more about Donald Trump pardons ex-strategist Steve Bannon, dozens of others on Business Standard. The pardons and commutations for 143 people, including Bannon, were announced after midnight Wednesday in the final hours of Trump s White House term
GE T&D India rose 2.92% to Rs 128.50 after the company agreed to sell its Global Engineering Operations Division to GE India Industrial for a cash consideration of Rs 87.3 crore.
In a filing made on Saturday (16 January 2021), GE T&D India said that it had agreed to sell its Global Engineering Operations Division (India for Global) to GE India Industrial together with the assets and manpower comprised therein alongwith its corresponding liabilities on slump sale basis on an as is where is basis. The company will receive a cash consideration of Rs 87.3 crore on completion of sale of business.
GE T&D India said that the sale would help management to focus on its core business activities besides realizing cash from sale.